Renewable Field Services Ltd.

Renewable Field Services Ltd, based in Edinburgh, UK, is a small holding company with an active status, established eight years ago. The company employs seven people and holds £2,954,207 in assets. It operates from a virtual address, a point of concern given that 327 companies are registered at the same location. Two directors and one owner (though this list may not be exhaustive) guide the business, which currently enjoys a perfect 5.0 Google rating based on four reviews. The company is an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation occurring one months ago.

The company’s website highlights its expertise in wind turbine blade repair, inspection, and maintenance. Established in 2008, Renewable Field Services positions itself as a leading expert, offering services ranging from detailed inspections and testing to structural repairs and specialist structural repairs. It caters to both onshore and offshore turbines, working with major manufacturers across the UK, Ireland, and Europe. A key offering is its Windmanager app, designed to streamline turbine maintenance.

Financially, Renewable Field Services Ltd presents a mixed picture. While current assets increased by 49% to £3,000,000, net assets remained constant at £1,200,000. Bank borrowings rose by 2.5% to £4,700, and cash reserves declined by 28% to £290,000. Trade debtors increased significantly by 69% to £2,700,000, which could indicate challenges in collecting payments. Creditors also rose by 130% to £1,900,000, suggesting increased reliance on credit. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt and decrease in cash warrants closer scrutiny. No auditor is mentioned, likely due to the company’s exemption as a small entity. The company’s average number of employees increased by 29% to nine, which may be contributing to the increase in creditors.

Registered in Scotland under the registration number SC551808, with a registered address at EH6 7BD, United Kingdom, Edinburgh, Summit House, 4 - 5 Mitchell Street.

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