Derwent Hydroelectric Power Limited

Derwent Hydroelectric Power Ltd, based in Matlock Bath, UK, is a small, active holding company established 37 years ago. With eight employees and £3,324,462 in assets, the company operates from a real address and is overseen by three directors and a single owner. It’s an irregular importer of electrical machinery and equipment, with the last import activity recorded two months ago in August 2022.

The company’s website showcases a diverse portfolio of hydropower installations across England and Wales, producing 10,000MWh of clean electricity annually and servicing 50 client sites. Derwent Hydro positions itself as a pioneer in the modern-day green energy movement, offering consultancy, design, installation, maintenance, and administration services to the UK hydropower sector. The site emphasizes expertise in feasibility studies, equipment selection, and system monitoring.

Financially, Derwent Hydroelectric Power Ltd presents a mixed picture. Cash reserves increased by 9.9% to £1.4 million, while current assets grew by 7% to £3.2 million. However, net losses deepened to -£23,000, and bank borrowings surged by 2,400% to £29,000. Creditors decreased by 18%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The number of employees increased by 50% to twelve, which is a significant change. The company is exempt from an audit, and the financial statements are unaudited.

While the hydropower business seems to be thriving, the financial figures indicate some pressures. The increase in bank borrowings and the deepening of net losses suggest the company may be burning through cash to sustain operations—but it’s also possible that these are temporary effects from investments in growth.

Registered in England/Wales under the registration number 02227448, with a registered address at DE4 3PY, England, Matlock Bath, Derbyshire, Sir Richard Arkwright's Masson Mills, 41 Derby Road.

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