Niras Group (uk) Ltd

Niras Group (UK) Ltd, based in Ascot, UK, is a sizable holding company with an active status, celebrating 49 years since its establishment in 1976. Employing 70 people and boasting assets of £23,056,023, the company generated £43,124,499 in revenue last year. It has a real address, is overseen by four directors, and has one owner, all with a Google rating of 5.0 based on a single review. The company regularly imports and exports machinery, boilers, and mechanical appliances, parts, with 32 months of import activity and 4 months of export activity.

The company’s website paints a picture of a global engineering consultancy focused on sustainable progress. NIRAS offers services in sectors like digitalization, green transition, and consultancy, with projects ranging from building data solutions to supporting renewable energy initiatives. They seem to be heavily involved in construction and infrastructure projects, including tunnel construction and airport development, and also provide services to industries like pharmaceuticals and offshore wind. The website features a "Get a greener inbox" call to action, encouraging visitors to subscribe to their newsletter.

Financially, NIRAS Group (UK) Ltd shows some concerning trends. While turnover increased significantly by 170%, reaching £43 million, net assets have declined by 18%, settling at £3.5 million. Bank borrowings have surged by a massive 95%, reaching £7.7 million, and cash reserves have fallen by 85%, dropping to just £1 million. Creditors, however, decreased by 11%, suggesting some improvement in managing short-term liabilities. The company's average number of employees has also risen dramatically by 130%, reaching 160—a significant increase that may be linked to the expansion of their projects. Despite these changes, the company has not mentioned an auditor.

In conclusion, NIRAS Group (UK) Ltd is a large, established company experiencing a period of rapid growth and change. While revenue has increased substantially, the significant rise in borrowings and decrease in cash reserves suggest the company is burning through money to fuel this expansion. Whether this is a sustainable strategy remains to be seen.

Registered in England/Wales under the registration number 01250443, with a registered address at SL5 7JR, Ascot, Berkshire, Kings Court Ride, Kings Ride.

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