Mcelwaine Security Services Limited

McElwaine Security Services Ltd, based in Enniskillen, UK, is a small, active holding company founded fourteen years ago. Employing fifty-eight people and holding assets worth £2,201,135, it operates from a real address and is overseen by three directors and a single owner. The company boasts a stellar 5.0 Google rating from three reviews. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with just one month of imports recorded as of June 2023.

The company’s website highlights its focus on designing, installing, and supporting security systems for people, property, and premises. Services include CCTV systems, access control, intruder alarms, fire systems, and integrated solutions, all backed by maintenance and support. McElwaine Security emphasizes a personalized approach, listening to clients' needs and tailoring solutions—a departure from standard installations. It’s clear they’re trying to build trust and reassurance.

Financially, McElwaine Security’s report shows some interesting trends. While current assets increased by 14% to £2,200,000, net assets jumped 11% to £1,700,000. However, bank borrowings decreased by 82%, and cash reserves increased by a significant 110% to £340,000. Creditors decreased by 25%, which is a positive sign. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. There’s no auditor mentioned, so the figures are unaudited.

The decrease in bank borrowings and increase in cash reserves suggest improved financial management, while the growth in net assets points to a healthy business. It’s possible that the company has reduced its reliance on external financing, and the decrease in creditors shows better debt management. It’s worth noting that the company’s small size allows it to remain agile and responsive to market changes, but the lack of employees reported is a little unusual.

Registered in Northern Ireland under the registration number NI606702, with a registered address at BT92 0JE, Enniskillen, County Fermanagh, Market Yard 184b Main Street, Lisnaskea.

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