Willpower Electrical Limited

Willpower Electrical Ltd from Newtown UK: a small, active company founded 18 years ago, employs 24 people, and holds £2,440,484 in assets. With a real address and five directors, it’s a well-established operation. Two owners are listed, although this isn't exhaustive. The company regularly imports and exports electrical machinery and equipment – 26 months of imports and 11 months of exports recorded.

The company’s website doesn’t give much away, but it seems they are involved in manufacturing electrical equipment, electrical installations, and retail sales – both online and through mail order. It’s not clear if they have an e-commerce presence, but the range of activities suggests a diverse business model.

Financially, Willpower Electrical Ltd shows a mixed picture. Current assets increased by 17% to £2,400,000, while net assets grew by 15% to £1,800,000. Cash reserves, however, fell by 30% to £890,000. Trade debtors decreased by 13%, which is a good sign. Bank borrowings surged by 2,400%, reaching £29,000, and creditors increased by 19% to £720,000. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small companies.

The company’s sharp increase in bank borrowings and decrease in cash reserves are concerning, although it could be due to investment in new equipment or expansion. The decrease in trade debtors suggests better management of customer payments. Overall, Willpower Electrical Ltd appears to be a solid, albeit slightly stretched, business navigating the challenges of a competitive market.

Registered in England/Wales under the registration number 05943611, with a registered address at SY16 4LE, Wales, Newtown, Unit 43 Mochdre Industrial Estate, Mochdre.

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