Nugen Electrical Contractors Ltd

Nugen Electrical Contractors Ltd, based in London, UK, is a small, active company founded 16 years ago. With three employees and £1,765,420 in assets, it operates from a real address and is managed by three directors and two owners. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded two months ago.

The company’s website showcases a range of electrical services, from technical expertise to project management and design build solutions. It’s a NICEIC Approved Contractor, highlighting a commitment to quality and safety, and boasts accreditations from the Electrical Contractors’ Association (ECA) and SMAS Worksafe. The site emphasizes communication and collaboration, offering contact details and inviting inquiries. It’s a professional operation, clearly focused on building relationships and delivering reliable electrical services.

Financially, Nugen Electrical Contractors Ltd presents a mixed picture. While cash reserves increased by 130% to £710,000, creditors have dramatically risen by 790% to £1.3 million—a significant jump. Trade debtors also ballooned by 480% to £960,000, which could indicate difficulties in collecting payments. Despite this, net assets increased by 30% to £580,000, and current assets have more than doubled to £1.8 million. The company’s employee count has increased from three to five, a positive sign of growth, though it also means higher operating costs. The unaudited financial statements, which are exempt due to its small size, don’t mention an auditor. The company’s fixed assets have increased significantly, suggesting investment in equipment or infrastructure, but the sharp rise in liabilities warrants closer monitoring.

Registered in England/Wales under the registration number 06688704, with a registered address at EC4Y 1AA, England, London, Ec4y 1aa, 4th Floor Eldon Chambers 4th Floor Eldon Chambers, Falcon Court, 30-32 Fleet Street.

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