YESSS (C) ELECTRICAL LTD
Company number 07892359 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Assessment: YESSS (C) ELECTRICAL LTD
1. Credit Opinion: CONDITIONAL
The credit opinion is CONDITIONAL due to insufficient financial data to perform a full credit assessment. The company has operated for over 12 years in the electrical wholesale sector and maintains current filing obligations, which speaks to basic operational continuity. However, no balance sheet, profit & loss, or cash flow data has been provided, making it impossible to assess debt serviceability, financial strength, or trajectory with any confidence.
A facility could be considered subject to: - Provision of up-to-date management accounts - Full filed accounts for the most recent period - Satisfactory trade references and bank confirmation of conduct - Personal guarantees from PSCs (Mr Ashley Mackie and Mr Adam Mackie)
2. Financial Strength
Assessment: INCONCLUSIVE
No financial data has been supplied for assessment. Key metrics typically evaluated include:
| Metric | Required Data | Status |
|---|---|---|
| Net Assets | Balance sheet total | Not Available |
| Shareholders' Funds | Equity position | Not Available |
| Gearing Ratio | Debt-to-equity | Not Available |
| Net Current Assets | Working capital | Not Available |
Share Capital: £100,103 – indicates capitalised funding at incorporation and subsequent rounds, but cannot determine current equity position without retained earnings data.
Observation: The company has traded since 2011 without entering liquidation or administration, suggesting baseline viability. The 2016 and 2017 name changes (from Service Electrical Wholesale Limited, then Your Electrical Supplies, Service and Solutions (C) Limited) likely reflect a rebrand to the current "YESSS" trading name rather than structural changes, though this should be confirmed.
3. Cash Flow Assessment
Assessment: INCONCLUSIVE
Unable to assess liquidity position, working capital adequacy, or cash generation capacity without:
- Current assets and liabilities breakdown
- Trade debtor and creditor aging
- Operating cash flow history
- Debt service coverage ratio
Sector Context: Electrical wholesale (SIC 46520) is typically working capital intensive, with significant inventory and trade debtor positions. Margins are often tight in this sector, making cash flow management critical. The company's apparent network of physical collection points (per website description) suggests fixed cost obligations that require consistent throughput.
4. Monitoring Points
If a facility is advanced, the following should be monitored:
- Filing Compliance – Ensure accounts continue to be filed on time; any delay may signal financial distress
- Management Accounts – Request quarterly management accounts to track trading performance and working capital movement
- Sector Headwinds – Monitor construction and infrastructure spending, which drives electrical wholesale demand
- Related Party Transactions – SISEC LIMITED acts as corporate secretary; clarify relationship and any inter-company exposures
- Ownership Stability – Two PSCs each holding 25-50% of shares; monitor for any changes in control structure
- Covenant Compliance – If facility is granted, establish appropriate financial covenants (minimum net current assets, debt service coverage, EBITDA thresholds)