Jj Loughran Ltd

Jj Loughran Ltd from Cookstown UK: a large company, holding company, active status, founded 11 years ago, employing 81 people, holding £7,849,355 in assets, generating £13,274,292 in yearly revenue, with a real address, five directors, and one owner, boasts a Google rating of 5.0 based on 18 reviews. It’s a regular importer and exporter of electrical machinery and equipment, having imported for 62 months and exported for 3 months. The company is a large one, having met two conditions of three: turnover exceeding £36 million, balance sheet total exceeding £18 million, and an average of more than 250 employees. It operates as a holding company and is currently active.

The company’s website showcases a diverse range of electrical and mechanical engineering services. It’s not primarily an e-commerce business, but rather a provider of services and products, including electric motors, gearboxes, ventilation systems, and industrial controls. They offer a wide range of services, from balancing and repair to design and installation. The website also highlights their expertise in areas like industrial energy auditing and laser aligning. They have multiple locations across the UK and Ireland, including Cookstown, Dublin, Manchester, Stirling, London, and Birmingham. The company seems to be targeting industrial clients, offering both standard products and bespoke solutions.

Financially, Jj Loughran Ltd shows some concerning trends. Accumulated amortisation impairment of intangible assets remained constant, while depreciation impairment of property, plant, and equipment increased by 23%. Additions to property, plant, and equipment also rose, suggesting investment in infrastructure. However, administration expenses jumped significantly, increasing by 35%. Bank borrowings decreased, and amounts owed by related parties also declined, which could be a positive sign. Despite these shifts, current assets fell by 8%, and net assets also decreased. The company’s revenue increased by 16%, but net assets are still down, raising questions about profitability. The lack of a named auditor suggests they are exempt from full auditing requirements.

Overall, Jj Loughran Ltd appears to be a well-established engineering firm, but the financial data indicates some challenges. While the company’s diverse services and multiple locations suggest a strong market position, the decline in net assets warrants closer scrutiny. The firm’s ability to maintain its growth trajectory will depend on its ability to control costs and improve profitability.

Registered in Northern Ireland under the registration number NI618205, with a registered address at BT80 9DW, Cookstown, Co. Tyrone, 155 Drum Road.

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