Pegasus Power And Communications Ltd.

Pegasus Power And Communications Ltd, based in Glasgow, UK, is a small, active company founded 24 years ago in 2000. Employing 28 people and holding assets of £3,095,992, it operates from a real address and is overseen by four directors and a single owner. The company has a respectable 4.0 Google rating based on five reviews. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago in April 2022.

The company’s website highlights its focus on electrical installation industries, providing external electrical and communications infrastructure to civil engineering and associated sectors. It directly employs a management team of five plus 35 experienced operatives, many of whom have been with the company for over a decade. Recent news updates showcase a steady stream of contract awards—from road lighting and signage work to windfarm route accommodation and feature lighting projects—demonstrating a busy schedule and a focus on securing new business. The company also recently celebrated a valued employee’s retirement, showing a positive workplace culture.

Financially, Pegasus Power And Communications Ltd presents a mixed picture. Cash bank on hand decreased by 26% to £1,000,000, while bank borrowings increased significantly by 240% to £2,000. Trade debtors increased by 45% to £1,800,000, and creditors rose by 33% to £570,000. A notable decrease was seen in amounts recoverable on contracts, dropping 82% to £61,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the drop in recoverable amounts and cash reserves warrants attention. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Pegasus Power and Communications Ltd seems to be a busy and well-regarded company, but the financial data suggests it’s facing some challenges in managing its working capital. The continuous stream of contract awards, however, indicates a strong business pipeline and a potential for future growth.

Registered in Scotland under the registration number SC209245, with a registered address at G69 9JG, Scotland, Glasgow, Drumsack Farm Off Blacklands Road, Chryston.

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