Newenco Limited

Newenco Ltd, based in Sandbach, UK, is a small, active company established 14 years ago. With four employees and £1,228,494 in assets, it’s a modest operation led by two directors and one owner. The company, registered at a real address shared by just two other businesses, is a regular importer of electrical machinery and equipment, with its last import operation occurring in November 2024.

Newenco specializes in the distribution of gas-fuelled energy-efficient power technologies in the UK, including generators and combined heat and power (CHP) units. Their website highlights a focus on Capstone MicroTurbine systems, emphasizing reliability and low emissions. They offer various purchase options, including outright sale, lease, and a discounted energy purchase scheme. Newenco also provides installation and maintenance services, catering to diverse sectors like greenhouses, schools, and sewage treatment works. They even have a sister company, Renewable Power Systems Limited, holding a majority shareholding.

Financially, Newenco’s recent performance presents a mixed picture. Cash reserves have dramatically increased by 1800%, reaching a substantial £310,000, a positive sign of improved liquidity. However, creditors have risen by 46%, reaching £1.1 million, and net assets have increased by 66% to £720,000. Trade debtors have also increased by 40%, suggesting a potential reliance on customer payments. Depreciation charges remain consistent, and the company's small size—meeting two of three conditions for a small company—allows for agility. With no auditor mentioned, the financial statements are unaudited.

The company’s increased cash reserves are encouraging, but the rise in creditors and debtors warrants monitoring. Newenco’s focus on niche energy technologies and its commitment to customer service suggest a potential for continued growth, although managing its financial obligations will be key.

Registered in England/Wales under the registration number 07486165, with a registered address at CW11 1AT, Sandbach, Cheshire, 19 Market Square.

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