Puffin Energy Limited

Puffin Energy Limited, based in Insch, UK, is a small holding company with an active status, established eighteen years ago. The company employs just three people and operates from a real address, managed by three directors and one owner. It runs an e-commerce site and has a stellar 5.0 Google rating based on one review. Puffin Energy is an irregular importer, specializing in machinery, boilers, and mechanical appliances—parts, with the latest import activity recorded two months ago in November 2024.

The company’s website, Puffin Wood Fuels, focuses on supplying wood fuel products, including wood pellets, briquettes, firewood, horse bedding, and cat litter. It offers both bagged and blown options, with delivery services and a calculator to estimate costs. The site highlights its commitment to sustainably sourced Scottish timber and provides testimonials from satisfied customers. It even has a blog detailing the benefits of equine pellets and providing news about the company.

Financially, Puffin Energy Limited presents a mixed picture. While net assets increased by 20% to £1.2 million, cash reserves dropped 9.4% to £490,000. Bank borrowings increased by 9.5% to £5,500, and creditors decreased by 21% to £970,000. Debtor levels fell by 28% to £650,000, suggesting better collection of payments. The company’s small size (meeting two of three conditions for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for flexibility, but the decline in cash reserves could indicate increased operational expenses. The company’s accounts are unaudited, likely due to its status as a small company.

The company’s workforce has increased dramatically, with the average number of employees jumping 300% to twelve, which could be a sign of growth or a need for increased efficiency. The company’s continued focus on sustainable wood fuels, coupled with its online presence, positions it well in a growing market—though the financial numbers suggest it's important to keep a close eye on cash flow.

Registered in Scotland under the registration number SC319513, with a registered address at AB52 6XP, Insch, Aberdeenshire, North Road Industrial Estate, North Road.

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