Westminster Electrical Wholesalers Limited

Westminster Electrical Wholesalers Ltd from London UK: a small, family business active for 39 years, employs 15 people, and holds assets valued at £3,795,293. With three directors and two owners, the company operates from a real address and regularly imports electrical machinery and equipment (5 months) while exporting for a substantial 292 months. It’s a well-established player in the UK electrical wholesale market, serving both domestic and international clients.

The company’s website, Westminster Electrical Export, showcases a comprehensive range of electrical products and services, from fittings to high-voltage infrastructure. It positions itself as a one-stop solution for export packages, emphasizing expertise, seamless supply, and fixed-price contracts. The site highlights the company's ability to manage projects from concept to completion, catering to diverse sectors like science parks and high-rise developments. A key differentiator is its membership in a large buying group, granting access to numerous manufacturers and ensuring competitive pricing. The website also proudly features partnerships with British manufacturers, supporting the UK’s electrical sector.

Financially, Westminster Electrical Wholesalers Ltd shows some interesting trends. Cash bank on hand increased by a significant 44% to £1.4 million, while current assets rose by 28% to £3.8 million. However, creditors also increased substantially, jumping 32% to £1.4 million, and trade debtors grew by 25% to £1.5 million. The company's equity increased by 27% to £2.4 million. While the increase in cash and assets is positive, the rise in liabilities suggests a need to manage debt effectively. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increased liabilities warrant monitoring. No auditor is mentioned, which is typical for small, exempt companies. Overall, Westminster Electrical Wholesalers Ltd appears to be a stable, growing business, but it should pay close attention to its debt levels to ensure long-term financial health.

Registered in England/Wales under the registration number 01962647, with a registered address at EC1V 1NA, London, Higgison House, 381-383 City Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.