Northern Turbine Services Limited

Northern Turbine Services Limited is a small, active company based in Kirkwall, Orkney, UK, founded nine years ago in 2015. With £1,287,781 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Adrian Kerins. The company employs eighteen people and operates in the repair of electrical equipment and other equipment industries. It’s a regular importer, with its top import category being electrical machinery and equipment, totaling twenty-one months of imports, the latest in July 2024.

The company's website, though not detailed, suggests a focus on turbine maintenance and repair, a crucial service for the Orkney Islands’ significant wind energy sector. While the site doesn’s offer e-commerce functionality, it does provide contact information and a brief overview of services. The company's presence in the Orkney Islands, a region heavily reliant on renewable energy, positions it as a key player in supporting the local economy.

Financially, Northern Turbine Services Limited shows some concerning trends. While current assets increased by 20% to £1,300,000, net assets also increased by 13% to £1,300,000, bank borrowings decreased by 4% to £46,000, and cash reserves dropped by 37% to £67,000. Trade debtors increased by 46%, suggesting a potential reliance on customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in cash reserves warrants attention. The company’s £93,000 investment in plant machinery, despite a 7.2% decrease in overall property, plant and equipment, suggests a focus on maintaining and improving its core repair capabilities. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Northern Turbine Services Limited appears to be navigating a period of change. The increase in debtors and decrease in cash reserves, while not catastrophic, indicate a need for careful financial management. Its location in a thriving renewable energy hub provides a solid foundation for future growth, but the company will need to closely monitor its financial health to ensure long-term sustainability.

Registered in Scotland under the registration number SC510079, with a registered address at KW15 1GD, Kirkwall, Orkney, 1 Quarryfield Road, Hatston Industrial Estate.

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