Encom Energy Ltd

Encom Energy Ltd, based in Belfast, UK, is a small holding company with an active status, established four years ago. Employing eight people and holding £627,184 in assets, it operates from a real address and is overseen by three directors and one owner. Its Google rating stands at a perfect 5.0 based on 37 reviews. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with just two months of import activity recorded over the last couple of years.

The company’s website is currently unavailable, making it difficult to ascertain its specific operations beyond what’s publicly known. However, company records indicate it operates within the electrical installation industries. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

A review of its financial data reveals a mixed picture. While fixed assets have seen a significant increase of 100%, reaching £700,000, current assets have decreased by 6.5% to £630,000. Net losses deepened to -£270,000, a 5.3% decline, and cash reserves have fallen by a substantial 69% to £54,000. Trade debtors have increased by 79%, suggesting a possible reliance on customer payments, while creditors have also risen by 24%, indicating increased short-term obligations. Bank borrowings have surged by 2400%, reaching £29,000. It's worth noting that the company has taken advantage of section 476 of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The lack of an auditor mentioned suggests the company is exempt due to its small size, meaning the figures are unaudited. The sharp decline in equity and the increased reliance on bank borrowings suggest a period of financial pressure, although the growth in fixed assets could indicate investment in the business. It’s possible the company is navigating the challenges of a startup phase, or perhaps experiencing a temporary downturn in its operations.

Registered in Northern Ireland under the registration number NI676633, with a registered address at BT3 9LE, Northern Ireland, Belfast, Unit C4 & C5, 19 Heron Road.

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