Enigma Electrical Limited

Enigma Electrical Limited, based in Swindon, UK, is a small, active company established 23 years ago. With 18 employees and £3,034,454 in assets, it operates from a real address and is managed by three directors and two owners. The company regularly imports electrical machinery and equipment, with nine months of import activity recorded, the last operation occurring in November 2024.

The company's website, craigenigmaelectrical.uk, showcases a local electrician service covering Milton Keynes and surrounding areas. It offers a wide range of electrical services, from rewiring and lighting installation to smart home integration and EV charger setup. The website emphasizes fast response times, safety, and customer satisfaction, and features glowing reviews. The business clearly focuses on domestic electrical repairs and installations, with a mission to provide fast, high-quality, and cost-effective service.

Financially, Enigma Electrical Limited presents a mixed picture. Cash reserves increased by a healthy 45% to £640,000, and net assets grew by 6.3% to £2 million. However, trade debtors rose significantly by 7.9%, suggesting potential delays in customer payments. Bank borrowings have been eliminated, a positive sign. Depreciation on motor vehicles decreased substantially by 50%, which could indicate reduced investment in vehicles or accelerated write-offs. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, consistent with its status as a small company.

Overall, Enigma Electrical Limited appears to be financially stable, with growing assets and healthy cash reserves. The increase in trade debtors warrants monitoring, but the elimination of bank borrowings is a positive development. The company’s focus on local service and customer satisfaction, combined with its financial stability, positions it well for continued success.

Registered in England/Wales under the registration number 04411860, with a registered address at SN5 7YT, United Kingdom, Swindon, Wiltshire, Unit A Westmead Industrial Estate, Westmead Drive.

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