Enspec Power Ltd

Enspec Power Ltd, based in St. Helens, UK, is a small holding company with an active status, having been founded 24 years ago in 2000. Employing 25 people, the company holds assets worth £1,760,877 and operates from a real address. With four directors and two owners, Enspec Power Ltd is a regular importer and exporter of electrical machinery and equipment, having imported for 87 months and exported for 7 months.

The company’s website reveals a focus on power quality engineering services for large energy users, renewables, utilities, oil & gas, and manufacturing. They offer a range of services including power quality surveys, system studies, renewable energy consultancy, and solutions for power factor correction, harmonic filters, and reactive compensation. They also provide products like PointonWave switching and site services, with a strong emphasis on collaboration and innovation, as evidenced by testimonials from companies like Vestas, Powersystems, Banks Group, Vizimax, and GE’s Grid Solutions. Their website also highlights case studies and news insights, demonstrating a commitment to staying at the forefront of the industry.

Financially, Enspec Power Ltd presents a mixed picture. While cash reserves increased by a solid 13% to £280,000, net assets saw a significant jump of 140% to £1,000,000. However, trade debtors increased dramatically by 890%, suggesting potential issues with customer payments. Bank borrowings decreased by 41%, which is a positive sign. Liabilities also increased, with accrued liabilities jumping 370% to £30,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rise in trade debtors could be a cause for concern. As a small company, they are exempt from an audit, and the financial statements are unaudited. Overall, Enspec Power Ltd appears to be a stable, growing company, but it will need to manage its receivables effectively to maintain its financial health.

Registered in England/Wales under the registration number 04066153, with a registered address at WA9 1UA, England, St. Helens, Merseyside, 6 Waterside Court, St. Helens Technology Campus.

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