Greenray Turbine Solutions Limited

Greenray Turbine Solutions Ltd from Lincoln UK: a large company, holding company, active status, founded 8 years ago, 60 employees, £15,348,000 assets, real address, 4 directors, 1 owner, google rating 5.0 based on 1 reviews. Regular importer of machinery, boilers, and mechanical appliances; parts (7 months imported). Regular exporter of machinery, boilers, and mechanical appliances; parts (22 months exported).

Greenray Turbine Solutions operates as a specialist in industrial gas turbine repair and maintenance, and increasingly, control system design and installation. The company's website highlights its expertise, offering services from spare parts supply and maintenance to complete turbine package modernisation. They even boast a unique position as a Siemens Energy strategic partner with OEM status for GEC and TA manufactured gas turbines. Their online presence showcases a commitment to customer service and technical support, with a dedicated “Download Portal” for documentation.

The company's business model seems primarily service-oriented, with a focus on providing technical expertise and support to existing turbine installations. While the website mentions a showroom in Harrods, London, the core operations appear to be centred around technical services and parts supply rather than direct retail. The website’s news section details various projects and achievements, including rehabilitation projects and securing a place among the top businesses audited.

Financially, Greenray Turbine Solutions Ltd shows a mixed picture. Current assets have increased by a substantial 60%, reaching £15 million—a positive sign of improved liquidity. However, net losses have deepened, suggesting increased operational expenses. Bank borrowings have decreased significantly, which is good, but cash reserves have also fallen, indicating a need for careful financial management. The company’s size (meeting two of three criteria for a large company: turnover over £36 million, balance sheet over £18 million, and over 250 employees) means it’s subject to more scrutiny. BHP LLP is the auditor for the company.

Overall, Greenray Turbine Solutions Ltd appears to be a stable, albeit growing, business. The increase in assets and decrease in bank borrowings are encouraging, but the deepening losses warrant close monitoring. The company’s technical expertise and strategic partnerships position it well for continued success, but efficient cost management will be crucial for long-term profitability.

Registered in England/Wales under the registration number 10673442, with a registered address at LN6 3QW, England, Lincoln, Greenray House Lincoln Fields Business Park, Paving Way.

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