Wireless Distribution Limited

Wireless Distribution Ltd from Darwen UK: small company, active status, founded 9 years ago, 5 employees, £28,684 assets, real address, 2 directors, 2 owners, family business. Regular importer of electrical machinery and equipment (3 months imported). It’s a small, family-run business with an active trading status. Founded nine years ago, the company employs five people and holds a modest £28,684 in assets. With a real registered address and two directors and owners at the helm, it’s a tight-knit operation. The firm regularly imports electrical machinery and equipment, with three months of import activity recorded, the latest in June 2020.

The company operates in the retail sale via mail order houses or via internet industries, and its website details a range of services including repair, refurbishment, recycling, and replacement of mobile phones and tablets. It’s a specialist in technology recovery and reuse, breathing new life into old, unwanted technology. The website also highlights corporate repair services, tailored phone refurbishment, and even a dedicated spare parts site. It’s clear they’re trying to offer a comprehensive solution for both businesses and consumers.

Financially, Wireless Distribution Ltd presents a mixed picture. Current assets have dropped significantly, falling 71% to just £29,000. Bank borrowings have surged a staggering 2,500%, reaching £28,000, and cash reserves have plummeted 98%, leaving only £280. Creditors have also increased, and there’s a substantial drop in equity, going from a positive £310 to a negative £57,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop and increased borrowing raise concerns. There’s no auditor mentioned, likely exempt as a small company, so the figures rely on unaudited statements.

In short, Wireless Distribution Ltd is facing some financial pressure, despite its diverse services and family ownership. Whether it can maintain its growth trajectory remains to be seen, but its focus on technology recovery and reuse could be a key differentiator in a competitive market.

Registered in England/Wales under the registration number 09755364, with a registered address at BB3 0FL, United Kingdom, Darwen, Lancashire, Unit 15 The Hub, Commerciall Road.

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