Enertek International Limited

Enertek International Ltd, based in Yorkshire, UK, is a small holding company with an active status, having been established 36 years ago. Employing 24 individuals, the company holds assets totaling £798,114 and operates from a real address in Hull. With three directors and one owner, Enertek functions as both an irregular importer and a regular exporter of machinery, boilers, and mechanical appliances, including parts. While importing these goods for two months, the company exports for five months, with the latest export operation taking place in June 2023.

The company’s activities encompass engineering-related consulting, other engineering activities, and technical testing and analysis, operating within the professional, scientific, and technical industries. Enertek’s website is non-existent, which makes it difficult to determine if they operate an e-commerce platform.

A review of Enertek’s financial data reveals a mixed picture. Cash bank on hand has decreased significantly by 28%, falling to £590,000. Current assets have also dropped by 28%, now standing at £800,000. Debtors have declined by 21%, while creditors have decreased by 11%. Equity has taken a significant hit, dropping 44% to £320,000. The company’s small size—meeting two of three criteria to be considered small—allows for agility, but the decline in equity is a cause for concern. The company’s bank borrowings have decreased by 10%, suggesting better management of debt. No auditor is mentioned, likely due to the company’s exemption as a small entity.

The significant decrease in cash reserves and equity, despite a reduction in debt, could indicate that Enertek is burning through cash to maintain operations, or perhaps that investments have not yielded expected returns. The decrease in debtors could be a positive sign of improved collections, or it could reflect a slowdown in sales. The company’s long history and established presence in the market, however, suggest that it possesses resilience and the potential to navigate these challenges.

Registered in England/Wales under the registration number 02262638, with a registered address at HU7 0YF, Yorkshire, 1 Malmo Road, Sutton Fields, Hull.

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