Enerquip Limited

Enerquip Ltd, based in Aberdeen, UK, is a large company with an active status, established twelve years ago in 2012. Employing fifty-one people, it holds assets worth £14.3 million and generates revenue of £18.9 million annually. While it has six directors and two owners, the registered address is a virtual one, shared by 420 companies, which is a little unusual. Google users rate it a perfect 5.0 based on seven reviews. Enerquip regularly imports optical and medical tools and devices (seventy months of import activity) and exports machinery, boilers, and mechanical appliances (551 months).

The company’s website highlights Enerquip as the "first choice partner for Torque Machines and Associated Products." It focuses on supporting client operations to ensure their torque machines are running efficiently, offering services from manufacturing and upgrades to installation, calibration, repair, maintenance, and training. Enerquip caters to clients worldwide, with a presence in Africa, the Americas, Europe, the Far East, and the Middle East. Their product range includes stroking machines, fully rotational units, and mobile torque units. The website also showcases services like calibration, breakdown assistance, and preowned equipment sales.

Financially, Enerquip Ltd’s report reveals a mixed picture. While turnover increased by a substantial 53%, to £19 million, net assets have fallen considerably. Cash reserves have declined by 26%, to £1.1 million, and bank borrowings have increased significantly, reaching £10,000. Creditors have also risen, suggesting increased debt. The company’s average number of employees has increased by 41%, to seventy-two, which is a positive sign of growth. However, the significant drop in equity raises questions about the company's financial health. The report doesn’t mention an auditor, likely due to its size.

The increase in administrative expenses by 38% could be a factor in the reduced profitability. It’s likely that the company’s growth has necessitated increased operational costs. The company’s reliance on a virtual address, while not inherently negative, warrants further investigation. Overall, Enerquip Ltd appears to be a growing company facing some financial pressures, but its strong reputation and global reach suggest it has the potential to overcome these challenges.

Registered in Scotland under the registration number SC429928, with a registered address at AB10 1UT, Scotland, Aberdeen, 5 Carden Place.

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