Celtic Energy Limited

Celtic Energy Limited, based in Cardiff, UK, is a sizable company with an active status, celebrating 30 years since its founding in 1994. Employing 71 people and holding assets valued at £17.81 million, it operates from a real address and is led by one director, with four owners. The company boasts an impressive Google rating of 5.0 based on seven reviews. It’s a holding company that irregularly exports mineral fuels, oils, and related products, with the last export operation occurring over a year ago in September 2021.

The company’s website, Celtic Green Energy, positions itself as a leading installer of solar panels and renewable energy solutions in Wales. It’s clear that the company is focused on residential and commercial clients, offering services like solar panel installation, heat pump installation, battery storage, and EV charger installation. The site emphasizes expert installations, high-quality products, and customer-focused service, partnering with Octopus Energy to provide innovative smart energy tariffs. There’s a strong emphasis on promoting renewable energy adoption and energy independence, with a blog and downloadable guides to educate potential customers. The site also highlights customer testimonials and grants available to help offset costs.

Financially, Celtic Energy Limited's recent report reveals a mixed picture. Accrued liabilities and deferred income have vanished entirely, while administrative expenses have plummeted to a mere £4,000. Amounts owed by group undertakings have surged dramatically, increasing by 370% to £15 million. Cash bank on hand has experienced a significant drop, decreasing by 95% to £860,000. Perhaps most concerning is the sharp decline in comprehensive income expense, which has fallen by 100% to just £60,000. Dividends paid on shares have also decreased significantly. The company’s equity has been impacted, with Retained Earnings and Accumulated Losses dropping by 94%. While staff costs have vanished entirely, it’s unclear if this reflects a change in reporting or a reduction in workforce. The report doesn't mention an auditor.

Overall, Celtic Energy Limited appears to be navigating a period of financial adjustment. The substantial increase in amounts owed to group undertakings, combined with the decrease in cash reserves and profits, suggests potential financial strain. However, the company’s strong Google rating and focus on renewable energy solutions indicate a continued commitment to its core business—although the direction of the business has clearly shifted towards renewable energy solutions.

Registered in England/Wales under the registration number 02997376, with a registered address at CF11 9HA, United Kingdom, Cardiff, Avalon House, 5-7 Cathedral Road.

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