Alternative Energy Contracting Ltd

Alternative Energy Contracting Ltd, based in Bishop Auckland, UK, is a small, active company established nineteen years ago. Employing nine people and boasting assets of £907,024, it’s a well-established player in its field. The company has a 5.0 Google rating based on three reviews, reflecting positive customer experiences. It’s owned by Bradley Hayley and Tinkler Michael, and managed by two directors, both of whom are the owners.

The company specializes in wind turbine installation, servicing, and repair—a niche area within the renewable energy sector. Its website details a range of services, from blade repair to full turbine installation, catering to businesses seeking to harness wind power. It also sells wind turbines, though sales have reduced since 2016. The company is a regular importer of electrical machinery and equipment, with recent activity recorded in January 2024.

Financially, Alternative Energy Contracting Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 91% to £540,000, which is a good sign. However, creditors have soared by a staggering 300% to £660,000, suggesting increased reliance on credit. Debtors have also increased dramatically, by 1,400%, to £360,000, which could indicate difficulties collecting payments. While net assets have risen by 44% to £320,000, the substantial increase in liabilities warrants closer attention. The company’s small size—meeting two of three criteria to be classified as small—allows for agility, but the rising debts could pose a challenge. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Alternative Energy Contracting Ltd appears to be a well-regarded specialist in the wind turbine sector, but it’s facing some financial headwinds. Whether it can successfully navigate these challenges and sustain its growth remains to be seen.

Registered in England/Wales under the registration number 05797301, with a registered address at DL13 4HG, Bishop Auckland, County Durham, Inkerman Inkerman Road, Tow Law.

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