Renewable Heating Systems Limited

Renewable Heating Systems Limited is a small, active company based in Inverurie, UK, founded four years ago in July 2020. The company, with a real registered address and a single director and owner, operates in the plumbing, heat and air-conditioning installation, wholesale of hardware, plumbing and heating equipment and supplies industries. It’s a solo-founded venture, and an irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 1 months of imports, the last recorded in June 2024.

The company’s website, Renewable Heat Partnership, focuses on providing UK-wide installations of air source heat pumps, solar panels, batteries, and insulation. It promotes the Boiler Upgrade Scheme and emphasizes stress-free installations and quality products, aiming to create a cleaner, carbon-neutral world. The site also includes information on climate change and offers advice on renewable energy solutions.

Financially, Renewable Heating Systems Limited presents a mixed picture. Cash bank on hand dropped by 46% to £6,900, while creditors increased by 63% to £13,000. Property, plant, and equipment grew significantly by 140% to £40,000, likely reflecting investments in machinery and equipment. Equity increased by 19% to £23,000, a positive sign, but net current assets and liabilities plummeted to -£6,400—a concerning trend. The company meets two of three conditions for being classified as small (turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees). The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

Overall, Renewable Heating Systems Limited appears to be navigating a period of investment and growth, but the negative net current assets and liabilities suggest it's burning through cash. The company's focus on renewable energy solutions and government schemes like the Boiler Upgrade Scheme could be key to its long-term success, but careful financial management will be essential.

Registered in Scotland under the registration number SC669253, with a registered address at AB51 0BT, United Kingdom, Inverurie, Cedar Lodge, Oldmeldrum.

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