X.e.l. Electronics Limited

Xel Electronics Ltd from Petersfield UK: a large company, holding company, and active status, has been operating for 32 years. With 11 employees and £14,605,412 in assets, it’s a significant player in the electrical machinery and equipment sector. The company, boasting a real address and managed by four directors and one owner, runs an e-commerce site and regularly imports and exports electrical machinery and equipment – 387 months of imports and 379 months of exports, the latest in January 2025.

The company operates in the non-specialised wholesale trade industries. Its website is not available for review.

Financially, Xel Electronics Ltd shows some interesting trends. While turnover increased by 11.8% to £47,000,000, net assets declined by 8.4% to £9,700,000. Bank borrowings decreased by 37%, reaching £18,000, and cash reserves fell by 8.5% to £4,300,000. Creditors decreased by 39%, suggesting better debt management. The company meets the criteria for a large company, having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts are audited by TC Group.

The decrease in net assets, despite increased turnover, could be due to increased investment in inventory or other assets to support the ongoing import and export operations. The decrease in bank borrowings is a positive sign, indicating reduced reliance on external financing. However, the drop in cash reserves warrants attention, and the company may need to carefully manage its working capital.

Registered in England/Wales under the registration number 02743559, with a registered address at GU32 3QG, England, Petersfield, Hampshire, 9 Rotherbook Court, Bedford Road.

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