Lagan Energy Engineering Limited

Lagan Energy Engineering Ltd from Omagh, UK, is a small holding company with an active status, founded ten years ago in 2014. The company employs 33 people and holds £2,850,031 in assets. It has a real address, two directors, and two owners, and enjoys a perfect 5.0 Google rating based on two reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with the last import operation made on September 01, 2024.

The company’s website highlights its focus on creating a “greener, fresher, better world” through renewable energy solutions. Lagan Energy Engineering provides services across three key sectors: renewable energy (including battery energy storage and hydrogen electrolysers), hyperscale data centres (offering MVHV packages), and utilities (managing electrical infrastructure). The website showcases projects like substation installations and wind turbine assessments, emphasizing a commitment to sustainability and technical expertise. They also have a blog, which is a nice touch.

Financially, Lagan Energy Engineering Ltd presents a mixed picture. While net assets increased by 33% to £1,500,000, current assets decreased by 42% to £970,000. Bank borrowings increased significantly, by 69%, reaching £200,000, while cash reserves fell 11% to £1,000,000. Trade debtors rose dramatically, by 240%, reaching £1,600,000, which could indicate a shift in payment terms or increased sales on credit. Creditors also increased, by 48%, to £1,900,000. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor is likely due to its small size, meaning the financial statements are unaudited.

Overall, Lagan Energy Engineering Ltd seems to be navigating a period of change. While its assets are substantial, the increase in debt and the decrease in current assets suggest a need for careful financial management. The company’s focus on renewable energy and its commitment to innovation could be key to its long-term success.

Registered in Northern Ireland under the registration number NI626598, with a registered address at BT79 0BE, Northern Ireland, Omagh, Unit 3b Bankmore Business Park.

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