Enrx Ltd.

Enrx Ltd, based in Wolverhampton, UK, is a substantial holding company with a 50-year history, currently employing 26 people. The company holds assets valued at £2,948,065 and generates a yearly revenue of £4,896,492. It’s a well-established player, actively importing and exporting electrical machinery and equipment for a considerable period – 112 months importing and 65 months exporting. Four directors and one owner oversee the operations, with Greaves Paul James, Thorsteinsen Tore, Ellis Kieron Kevin, and Greaves Paul James listed as directors.

The company’s website reveals a fascinating dual focus: induction heating and wireless charging solutions. Enrx Ltd, formerly Efd Induction, provides equipment and services for various industries, including automotive, renewable energy, and material handling. They offer everything from air-cooled induction heating systems to wireless charging solutions for forklifts and rail transportation. The site emphasizes tailored service level agreements (SLAs) to enhance system reliability and reduce downtime, a key selling point for industrial clients. They also boast a new plant in China, expanding their reach in the Asian market.

Financially, Enrx Ltd shows a mixed picture. While turnover increased by 15% to £4,900,000, net assets have risen by 51% to £1,800,000. However, cash reserves have fallen significantly by 68% to £300,000, and bank borrowings have increased dramatically by 690% to £1,400,000. Trade debtors have also risen considerably, by 220%, which could indicate challenges in collecting payments. Despite these pressures, the company’s creditors have decreased by 17%, suggesting better management of short-term liabilities. The company’s size – meeting two of three criteria for a large company – allows it to adapt quickly. Harrison Beale & Owen Limited conducted the audit.

The surge in bank borrowings and the decrease in cash reserves are concerning, but the increased turnover suggests the company is successfully generating revenue. The focus on service level agreements and expansion into new markets, like China, points towards a strategy to secure long-term growth. It’s possible the increased borrowing is tied to investments in the new plant or expansion of its product lines—though further investigation would be needed to confirm this.

Registered in England/Wales under the registration number 01193252, with a registered address at WV11 1XP, Well Lane, Wolverhampton, Units 1-2 Wednesfield Way, Industrial Estate.

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