Enl Limited

None. ENL Group is a plastic injection moulding company driven by quality. With over 60 years experience working as a critical supply line for major manufacturers, they use their technical expertise and in-depth knowledge to provide world-class services to their customers. Based in Portsmouth, UK, the company employs around 84 people and holds assets worth approximately £1.4 million. They operate from a purpose-built site in Slovakia, serving major car manufacturers across Europe, and have a strong heritage across industries including aerospace, automotive, medical, and electronics. The company’s auditor is TC Group.

ENL Group’s website clearly focuses on providing technical moulding services. They offer design, tooling, and production, catering to businesses needing precision plastic components. The site highlights their capabilities in aerospace, defence, medical, bioscience, electronics, and automotive sectors, showcasing case studies and blog posts to demonstrate their expertise. It’s not a direct e-commerce platform; instead, it functions as a marketing tool to attract clients seeking custom moulding solutions. The site also features a subscription form for newsletters and resources.

Financially, ENL Group shows a mixed picture. While turnover increased by 11% to £5.7 million, comprehensive income decreased significantly from -£290,000 to £20,000. This suggests improved profitability, but it’s important to note the substantial shift. Net assets decreased by 16% to £1.3 million, and equity dropped 17% to £1.4 million. Bank borrowings decreased to zero, which is a positive sign, but cash reserves fell nearly 50% to £16,000. Creditors increased by 30%, and trade debtors grew by 48%, which could indicate challenges in managing payments. The company’s administrative expenses decreased by 6.1%, which may reflect cost-cutting measures. The increase in deferred tax expense from unrecognised tax loss or credit is a bit concerning.

Overall, ENL Group appears to be navigating a period of change. While revenue growth is encouraging, the decrease in net assets and cash reserves suggests the company is burning through money. The decrease in bank borrowings is a positive, but the increase in creditors could indicate a reliance on short-term financing. The lack of a significant profit margin despite revenue growth warrants further investigation, and it’s possible the company is investing heavily in new equipment or expanding its operations.

Registered in England/Wales under the registration number 00612062, with a registered address at PO3 5LP, Portsmouth, Hants, Units 6-9 Victory Trading Estate, Kiln Road.

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