Directors' Report
Enigin PLC is incorporated as a Public Limited Company (PLC) in the UK, which means we are subject to even more stringent rules and deadlines than ordinarily incorporated Limited Liability (Ltd) companies. All of the information held at Companies House is available for public inspection so you can rest assured that you are dealing with a totally transparent enterprise.
In order to comply with Companies House regulations, and as a demonstration of the company’s commitment to reinvesting in the further development of the business the directors of Enigin PLC present the following report. This summary is abridged from the annual report included within the audited accounts of the company for the year ended 31 March 2009. Further information is also provided on the current position as at 31 March 2010 from the company’s management accounts – due to be filed 09/10: -
Principal activities and business review
Now presenting results for its third consecutive successful year, the directors of Enigin PLC are delighted to declare a17% increase on the previous year; more than double the turnover achieved in the year ended 31 March 2008.
Pre tax profits on business activities are shown at 15% of turnover; again another positive step up from 11% (31 March 2008) and 12% (31 March 2009).
The global financial crisis referred to in the 2009 report can hardly be described as over; certainly the scars will take many years to heal – against this backdrop the directors again consider the year-end result to be very satisfactory.
The same, it seems, is true of other observers; one of the world’s foremost credit rating agencies recently reported that Enigin PLC is in the top 5% of UK companies (on which it holds data) least likely to fail.
Furthermore, as a nice aside, against the same criteria, the same agency reported that Enigin PLC is found to be above average, against other UK companies, in promptly meeting its financial obligations to Creditors.
Factors in the development during the period
Investment, reinvestment, development and expansion; these are the watchwords at Enigin PLC. During this period, great strides have been taken in transforming the functionality of Eniscope, breathing new life into The New EnergyMaps Formula - Enigin’s triangulated approach to energy management. Now offering scalable, modular components of Real-time and Analytics, data is manipulated in a uniquely quicker, bigger, bolder and more stable environment.
Eniscope remains the company’s flagship product.
Continuing to develop its range of powerful business tools and software solutions, the company has augmented its existing successful applications and now provides:-
Nucleus - Enigin PLC’s own customer relationship management system.
ECOS – the Enigin Collateral Ordering System.
Knowledge Base - an all new support application providing its partners and distributors with a platform to a full range of materials helping them build and develop their Energy Saving Businesses, all of this available at a click of a mouse 24 hours a day, 7 days a week, 365 days a year.
News Feed - a dedicated on-line journal feeding vibrant, salient articles related to the Energy Saving Business directly to the computer in-boxes of Enigin partners and distributors. A non-stop flow of crucial industry specific news delivered twice daily.
Looking to the Future
The market for energy saving solutions and initiatives is huge and Enigin has significantly increased its investment in resources to ensure that the company is constantly at the forefront of its field.
The company takes a very dynamic yet professional approach to Research and Development, identifying specific projects and empowering the R&D team with core objectives. The team is headed by key members of the company’s senior management and works constantly in refining the company’s existing systems and developing new concepts.
The team has worked tirelessly on the continued development of Eniscope, and is actively involved in the creation of several stunning internal web applications for both Enigin PLC and its network of distributors and partners worldwide to further benefit from.
The directors plan to continue now to build and develop the business in this marketplace in the forthcoming years drawing on the returns on their investment in research and development. Companies the world over are increasingly facing heightened awareness not only of environmental issues, (with consumers actively choosing to buy from ‘green’ companies) but the added practicalities and onerous financial penalties from ever increasing energy costs.
Enigin have the perfect solution to help companies cut their costs, boost their profits and make a significant contribution to reducing their Carbon Footprint.
