Go Geothermal Ltd

Go Geothermal Ltd, based in Newton Aycliffe, UK, is a small holding company with an active status, having been founded eighteen years ago. The company employs eighteen people and holds assets valued at £3,007,266. It’s a real address, managed by five directors and three owners, and boasts a stellar 5.0 Google rating based on five reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts (147 months imported), and exports electrical machinery and equipment (4 months exported).

The company’s website highlights its focus on renewable energy solutions, specifically ground and air source heat pumps. It operates as a wholesale supplier, catering to installers and developers, with a strong emphasis on training and support. They offer a range of products from leading European brands, including heat pumps, cylinders, and underfloor heating systems. The website also features a separate division specializing in piano restoration, a surprising and prestigious venture alongside the core business.

Financially, Go Geothermal Ltd shows a mixed picture. Current assets decreased by 16% to £3,000,000, while net assets also fell by 4% to £2,200,000. Bank borrowings increased by a significant 88%, reaching £52,000, and cash reserves decreased by 70% to £230,000. Creditors decreased by 16%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises questions. The company’s financial statements were audited by Haines Watts.

The company’s focus on renewable energy and its diversification into piano restoration suggest a forward-thinking approach, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 05967652, with a registered address at DL5 6BF, England, Newton Aycliffe, Unit 9 Maple Way, Aycliffe Business Park.

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