B.I. Electrical Services was founded back in 1989 in Belfast, a city with a rich heritage of famous engineering innovations like the Titanic and creation of the first modern agricultural tractor. The company has evolved from humble beginnings into the successful enterprise it is today. Winning a steady stream of public sector tenders and private sector contracts across Northern Ireland and London the Company has grown steadily over the last two decades. It has naturally developed expertise in sectors such as education and the commercial and industrial sectors. At the same time the services provided by B.I. Electrical Services have evolved in response to customer needs which now include: Facilities Management, Electrical Contracting and Design and Build Services.

At the core of its success winning partnership between Ian Humphreys who founded the company and Andrew McClenaghan who started as an apprentice at the age of 18 and now a shareholder and its valued staff members. In 2012, the company was named as 24th fastest growing electrical contractor in the UK and fourth best UK trading partner by industry analysts Plimsoll.

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Newtownabbey, GB
Size (employees)
5 (est)
BI Electrical Services was founded in 1989 and is headquartered in Newtownabbey, GB
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BI Electrical Services Office Locations

BI Electrical Services has offices in Newtownabbey and Shanghai
Newtownabbey, GB (HQ)
Michelin Rd
Shanghai, CN
2510 Plaza 66
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BI Electrical Services Financials and Metrics

Summary Metrics

Founding Date

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BI Electrical Services Financials

BI Electrical Services's revenue was reported to be £6.16 m in FY, 2016

Revenue (FY, 2016)

6.2 m

Gross profit (FY, 2016)

448.4 k

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(373.5 k)

EBITDA (FY, 2016)

(325.2 k)

EBIT (FY, 2016)

(383 k)

Cash (31-Dec-2016)

1.4 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


5.2 m7.8 m12.2 m16.4 m17.8 m11.8 m6.2 m

Revenue growth, %


Cost of goods sold

3.6 m5.3 m8.3 m11.4 m12.6 m10.1 m5.7 m

Gross profit

1.7 m2.6 m3.9 m5.1 m5.2 m1.7 m448.4 k
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


101.2 k500.5 k1.5 m1.8 m2 m1.5 m2.8 m6.4 m468 k1.4 m

Accounts Receivable

342.2 k863.1 k416.3 k182.2 k321.6 k3.5 m5.2 m4.7 m3.9 m2 m


19.8 k21 k20.4 k19.6 k27.2 k45.1 k41.2 k46.2 k36.1 k24.6 k

Current Assets

463.2 k1.4 m2 m2.2 m4.4 m6.4 m8.6 m11.6 m4.6 m3.8 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

700.2 k1.3 m2.3 m3.1 m3.2 m367.4 k(373.5 k)

Cash From Operating Activities

470.3 k806.7 k2.8 m5.3 m642.5 k1.4 m

Dividends Paid

500 k500 k500 k6 m500 k

Net Change in Cash

141.5 k(459.1 k)1.3 m3.6 m(5.9 m)920.8 k
GBPY, 2016


2.1 m

Financial Leverage

1.2 x
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