Greenheat Renewables Ltd

Greenheat Renewables Ltd from Kelso UK: a small, family business founded fifteen years ago, operates with a team of six employees and holds £388,590 in assets. The company maintains a real address and is led by two directors and owners, with a solo founder at its core. Boasting a perfect 5.0 Google rating from a single review, Greenheat Renewables is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded just one month ago.

The company’s website highlights its role as a renewable energy engineering and installation company serving Scotland and the North of England. Their services encompass the installation of various renewable technologies, borehole drilling, groundworks, and engineering, catering to both domestic and commercial clients. They emphasize a team of experienced engineers delivering bespoke solutions, with a focus on technologies like ground source heat pumps, air source heat pumps, solar PV, and biomass systems. They also provide consultancy services, including heat loss calculations and energy performance certificates.

Financially, Greenheat Renewables Ltd presents a mixed picture. Current assets have seen a significant drop, falling 52% to £390,000, while net assets have also decreased by 19%, settling at £640,000. Bank borrowings have increased by 47%, reaching £38,000, and cash reserves have plummeted 87%, leaving just £14,000 available. Creditors have also decreased substantially, falling 42%, suggesting some improvement in managing short-term liabilities. The company’s small size, meeting two of three criteria for a small company, allows for agility, but the sharp decline in equity and cash reserves warrants closer attention. With no auditor mentioned, the financial statements are unaudited. The company’s financial data indicates a period of adjustment, potentially reflecting investment in growth or increased operating expenses—though the precise reasons remain unclear.

Registered in Scotland under the registration number SC363559, with a registered address at TD5 7HW, Scotland, Kelso, Roxburghshire, 47 - 49 The Square.

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