Glackin Electrics Limited

Glackin Electrics Ltd from Bellaghy UK: a small, active company founded eleven years ago, employs twenty-five people, and holds £3,334,368 in assets. It's a family business with a solo founder, boasting a perfect 5.0 Google rating from one review. The company operates from a real address and is managed by two directors and two owners. Glackin Electrics is a regular importer of furniture, lighting, and prefabricated buildings, with three months of import activity recorded, the last in December 2023. The company is involved in the electrical installation industries.

While the company’s website isn't available, its business appears to be focused on electrical services, likely including installations and repairs. It's unclear if they operate an e-commerce component, but their focus seems to be on providing services to commercial and residential clients.

Financially, Glackin Electrics Ltd shows a mixed picture. Cash reserves increased by 22%, reaching £1,000,000, which is a positive sign. However, accrued liabilities surged by an astonishing 980%, jumping to £57,000—a significant increase. Bank borrowings were also reduced by 39%, and trade debtors rose by 78%, suggesting customers are paying slower. Creditors also increased by 20%, which could be due to increased purchasing of materials. Despite these changes, net assets grew by 9%, reaching £2,700,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Glackin Electrics Ltd seems to be navigating a period of change. The increased liabilities suggest they may be investing in growth or facing temporary cash flow challenges, while the growing net assets indicate a solid foundation.

Registered in Northern Ireland under the registration number NI622213, with a registered address at BT45 8JH, Bellaghy, Co. Derry, 99 Mullaghboy Road.

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