Deutsche Windtechnik Ltd

Deutsche Windtechnik Ltd, based in Nottingham, UK, is a large, active company founded ten years ago in 2014. Employing 131 people and holding £8,453,426 in assets, it’s a significant player in its sector. The company, with five directors and a single owner (Meier Klaus), regularly imports and exports electrical machinery and equipment – 536 months of imports and 53 months of exports recorded. It’s a real address, with only one other company registered at the same location.

The company’s website reveals a focus on wind turbine maintenance and repair, both onshore and offshore. It offers a wide range of services, from routine inspections and component replacements to complex repairs and data monitoring. They even have a training center, offering courses in wind turbine technology and safety. It seems they work with a wide variety of turbine manufacturers, including Vestas, Siemens, Nordex, and GE. The website’s content is very technical, aimed at industry professionals.

Financially, Deutsche Windtechnik Ltd shows a mixed picture. While current assets increased by 11% to £8,500,000, net assets decreased by 81% to -£5,700,000. This significant drop in equity is concerning, suggesting potential losses or increased liabilities. Bank borrowings increased by 100%, reaching £220,000, and cash reserves fell 34% to £120,000. However, creditors decreased by 45%, which could indicate improved debt management. The company’s administrative expenses increased by 40% to £12,000,000, which is a large figure given the company size. The auditors, Henderson Loggie LLP, have noted that the accounts have been prepared in accordance with FRS 102.

Despite these financial challenges, Deutsche Windtechnik Ltd’s established presence in the wind energy sector and its broad range of services suggest a resilient business. The company's focus on specialized maintenance and its ability to work with multiple turbine manufacturers positions it well for future growth, but the substantial equity decline warrants close monitoring.

Registered in England/Wales under the registration number 09336426, with a registered address at NG13 9FG, England, Nottingham, Nottinghamshire, Bridge House Old Grantham Road, Whatton In The Vale.

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