Zeal Electronics Limited

Zeal Electronics Ltd, based in Clay Cross, UK, is a small, active company founded 22 years ago. With 34 employees and £1,000,273 in assets, it’s a well-established operation run by two directors and a solo founder. The company operates from a real address and regularly imports electrical machinery and equipment, with 4 months of import activity recorded as of January 01, 2023.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. However, its activities are centered around the manufacture of other electrical equipment, suggesting a B2B focus rather than direct-to-consumer e-commerce.

Financially, Zeal Electronics Ltd presents a mixed picture. While net assets increased by 5.8% to £260,000, cash reserves rose by a significant 21% to £120,000, and current assets grew by 27% to £1,000,000, there are concerning trends. Accumulated depreciation impairment of property, plant, and equipment increased by 16%, and bank borrowings, particularly current financial instruments, increased by 67%. Trade debtors also rose by 26%, which could indicate difficulties in collecting payments. Despite these challenges, the company's small size (meeting two of three conditions for a small company) allows for flexibility. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

The company’s financial data also reveals a decrease in the average number of employees during the period, falling by 5.9% to 32. This could be due to various factors, such as restructuring or natural attrition. The company’s reliance on imports, while providing access to a wider range of products, also exposes it to supply chain disruptions and currency fluctuations. Overall, Zeal Electronics Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 04610251, with a registered address at S45 9HA, Clay Cross, Derbyshire, Church View Business Park, Coney Green.

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