Orkney Renewables Limited

Orkney Renewables Ltd from Kirkwall UK is a small, active company founded 14 years ago. With four employees and £311,671 in assets, it’s a family business with three directors and two owners. The company is an irregular importer of electrical machinery and equipment, with its last import operation made on September 01, 2023.

The company specializes in installing wind turbines in Orkney, Caithness, and the Scottish Mainland, offering services from grid connection to foundation laying. It also assists customers who want to carry out some of the work themselves, providing advice and support. The company’s website features information on wind turbines, air conditioning units, and a Kingspan 6kw wind turbine. It also has a blog with posts about wind turbine installations.

Financially, Orkney Renewables Ltd’s numbers present a mixed picture. Cash bank on hand has seen a significant increase of 270%, reaching £81,000, which is a positive sign. However, creditors have increased by 34%, reaching £59,000, and net assets have jumped 700%, reaching £64,000. Property, plant, and equipment have also increased substantially, rising 360% to £100,000. Trade debtors have decreased by 24%, and the company’s net current assets liabilities have improved dramatically, rising 490% to £39,000. 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. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial health seems stable, with increased cash reserves and improved net assets. However, the rise in creditors suggests a need to manage debt carefully. The company’s focus on renewable energy and its family-run structure position it well for continued success, but the fluctuating financial numbers indicate a need for careful monitoring and strategic planning.

Registered in Scotland under the registration number SC395974, with a registered address at KW15 1DH, Kirkwall, 17 Broad Street.

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