Earthmill Maintenance Limited

Earthmill Maintenance Ltd, based in Harrogate, UK, is a small, active company founded eight years ago. Employing 30 people, it holds £4,407,156 in assets and operates from a real address within a business park. With five directors and one owner, the company maintains a respectable 4.0-star Google rating based on six reviews. Earthmill regularly imports electrical machinery and equipment, with its last import activity recorded nine months ago.

The company’s website showcases Earthmill as the market leader in supplying service and maintenance solutions for wind turbine owners across the UK, specializing in small and medium-scale turbines. It offers comprehensive service packages, condition monitoring, and options to buy or sell turbines. The site highlights its commitment to customer service, efficient technologies, and access to spare parts, managing a fleet of over 800 turbines from four strategic locations. The company also celebrates ISO9001 and ISO14001 accreditation.

Financially, Earthmill Maintenance Ltd’s report reveals some concerning trends. While current assets increased by 22%, bank borrowings surged by 1,500%, reaching £1,500,000. Cash reserves, however, decreased by 70%, falling to £170,000. Creditors also rose by 31%, reaching £4,900,000, and net assets plummeted 15%, dropping to £2,300,000. The company’s small size (meeting two of three conditions for a small company) helps with agility, but the sharp decline in equity raises questions. With no auditor mentioned, the figures are unaudited.

The company’s reliance on bank borrowings suggests it’s burning through cash, possibly to fund expansion or cover operational costs. The increase in creditors could indicate delayed payments to suppliers, which, if not addressed, could create further financial strain. Despite these challenges, Earthmill’s focus on specialized wind turbine maintenance and its commitment to customer service could help it weather the storm.

Registered in England/Wales under the registration number 10650107, with a registered address at HG3 1DP, England, Harrogate, Unit 14 Follifoot Ridge Business Park Pannal Road, Follifoot.

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