Econowise Drives And Controls Ltd

Econowise Drives And Controls Ltd from Redhill UK: small company, active status, founded 17 years ago, £5,263,477 assets, real address, 3 directors, no owners. Irregular importer of electrical machinery and equipment (2 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the other specialised construction activities n.e.c. industries. Officially, it has not published owners as their shares less than twenty five percent for each shareholder.

The company’s website, econowise.co.uk, positions itself as a leading provider of intelligent building solutions. It’s clear that Econowise isn’s an e-commerce business; instead, it offers a range of services, including drives and controls, IoT technologies, and energy services. The site highlights case studies showcasing its work on prestigious projects like One Tower Bridge and the Omnibus Building, demonstrating expertise in areas like energy savings and critical power monitoring. It’s also apparent that Econowise has expanded into related businesses, including Econowise Energy Services Ltd, focusing on sustainability, and even a piano restoration division. The website is well-designed and professional, emphasizing a culture of innovation and a commitment to delivering excellence.

Financially, Econowise Drives And Controls Ltd presents a mixed picture. Current assets have increased slightly to £5.3 million, while bank cash has grown to £4 million—a positive sign. However, trade debtors have decreased significantly, falling by 29% to £1.3 million, which could indicate slower customer payments. On the other hand, creditors have also decreased by 22%, suggesting improved debt management. The company’s retained earnings have increased by 1.8% to £5.4 million. Despite the lack of an auditor mentioned (likely exempt as a small company), the unaudited accounts show a stable financial position. It's worth noting that the company has taken exemption from publishing its own profit loss account.

Registered in England/Wales under the registration number 06297979, with a registered address at RH1 5GH, England, Redhill, Unit 9 Fairlawn Enterprise Park Bonehurst Road, Salfords.

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