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.
The directors present this extract from the annual report and accounts of the company for the year ended 31 March 2012
As the global market comes to the realization that energy efficiency is the cheapest, quickest, cleanest way to extend our energy supplies and tackle climate change (at the same time), EniginTM is perfectly poised to achieve its objective of becoming a world leader in energy efficient technologies and strategies.
This report reinforces the company’s conviction that it really is possible to enjoy ‘Profit with Integrity’.
Enigin PLC designs innovative clean-tech products and services for the energy efficiency and renewable energy markets. These solutions cover a wide spectrum of commercial, industrial and public applications and are delivered to customers primarily via the company’s network of authorized distributors, now active in 57 countries across the world.
Enigin’s customers are assisted through the application of the unique and highly ethical ‘EnergyMaps’ approach, which empowers organisations to Control, Reduce and even Eliminate their energy costs:
- Control - EniscopeTM is Enigin’s real-time energy management system, which makes energy consumption transparent... putting the user back in control and saving up to 43% in the process.
- Reduce - Enigin’s portfolio of energy saving products (including Intelligent Motor Energy Controllers, Light Energy Saving System, Air Conditioning Energy Savers & Chilled Unit Energy Savers), save between 10-85% on individual applications, all of which can be verified by Eniscope.
- Eliminate - Enigin believes that energy efficiency comes before renewable energy. Once maximum efficiency is achieved the company works with its partners to introduce renewable technology, the performance of which is verified and showcased by Eniscope.
Despite fulfilling on its promise to commit record levels of investment to research and development (10.3% of revenue against a national average of 1.7%) and negotiating the tightening effects of the global economic slowdown, the company is pleased to report profit before taxation and amounts written off investments of £710,396.
The company has now achieved over £10,000,000 in sales from a standing start five years ago and sustaining its average annual growth of 25% over the next five years would see the company surpass £33,500,000.
The directors are satisfied that the company is adequately resourced in all areas of the business to ensure long-term stability. As further endorsement, one of the world’s foremost credit agencies still rates Enigin “in the top 7% of UK companies least likely to fail”.
Research and Development
The directors continue to place a high priority on the development of cutting-edge energy saving technology committing, as stated above, record levels of investment (exceeding 10% of turnover) to research and development. During the period, Enigin released the third iteration of its industry leading cloud-based energy analytics service, a key component of its flagship product Eniscope.
Eniscope has now monitored over 436,992,936 Kilowatts of power across the globe and the energy intelligence the company has gathered from this real-world experience is continuously fed back into the product. The next phase of Eniscope development is already underway which will result in a product that is smaller, smarter, more powerful, more intelligent and yet more cost-effective.
The company also embarked on an ambitious development plan that will see the launch of six new product lines in 2013. These products will offer genuine breakthroughs in the field of energy monitoring, air conditioning, refrigeration and motor control and the company is confident that its investments in this area will be the catalyst for inexorable growth over the next five years. Several Patent Applications are also being drafted to protect the unique aspects of these new inventions.
Enigin has established many new strategic distribution partnerships in developing territories, like South East Asia, where it was underrepresented, and looks forward to working with these partners to maximize on the opportunities created by markets like this which are set to triple their energy consumption in the next 15 years.
The company also agreed a new international sales and marketing strategy which will see it explore other currently untapped but burgeoning markets and become even more directly involved in the delivery of services to end users, especially larger clients that increasingly require a customised approach.
Perhaps most significantly, the company sees a unique opportunity to enhance the integration of its current product ‘eco-system’ with complimentary technologies (be they proprietary or third-party) so that it is in a stronger position to help its clients with even more of their energy efficiency and renewable energy needs.
Considering the fact that the company has already established a meaningful foothold in one of the fastest growing industries of the 21st century, the directors feel very confident that its ever improving clean technologies, its growing global distributor network and its highly ethical approach to energy management will result in more ‘Profit with Integrity’ for its customers, partners and investors alike.