Glackin Electrics Limited
- Active
- Small
- 12 years
- 23 employees
- £3,711,087 (cur assets)
- 1m-15m
- Regular importer
- Irregular exporter
- Real address
- 2 directors
- 2 owners
- Family business
- Solo founder
- Bellaghy
- Rating 5.0 (1)
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
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.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 5 years
- 25%+
-
Resident of United Kingdom
-
Individual
- 9 years
- 2
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 5 years
-
Resident of United Kingdom
-
Individual
- 12 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted two months ago.
Last news
-
Confirmation statement made on 2026-01-08 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2024-12-31Download 10 pages pdf report
-
Confirmation statement made on 2025-01-08 with no updatesDownload 3 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
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Export HS codes in detail
Last exported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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