Egn Services Limited

Egn Services Limited is a small, active company based in Northampton, UK, established 33 years ago in 1992. It’s a solo-founded operation with three directors and one owner, employing just three people and holding assets totaling £2,930,747. The company operates from a virtual address, registered to a building that also houses forty-two other companies, which is unusual. Egn Services Limited is a regular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with 8 months of import activity recorded, the latest being July 2024.

The company's website paints a picture of a family investment firm specializing in strategic investments, commercial property development, and innovative AI software solutions. It highlights a diverse property portfolio and a cutting-edge platform connecting investors, developers, and off-market opportunities. The site also mentions angel investments, AI software development, and even a commitment to supporting early-stage startups. The company’s website also lists a physical address in Exeter, and a phone number.

Financially, Egn Services Limited’s recent performance presents a mixed bag. Current assets have plummeted by a staggering 92%, dropping to £2.9 million, while net assets have also declined significantly, falling 53% to £20 million. Bank borrowings remain stable at £3 million, but cash reserves have taken a hit, decreasing 94% to just £1.3 million. Trade debtors have also fallen dramatically, decreasing 94% to £970,000. Creditors, however, have skyrocketed by 6,700%, reaching £11 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity drop and ballooning creditors raise concerns. There is no auditor mentioned, which is likely due to the company's small size and exemption from an audit.

Overall, Egn Services Limited appears to be navigating a period of financial pressure, despite its diverse business interests. Whether the company can sustain its investments and property ventures remains to be seen.

Registered in England/Wales under the registration number 02687822, with a registered address at NN7 3DB, United Kingdom, Northampton, Northants, The Old Mill Blisworth Hill Farm, Stoke Road, Blisworth.

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