Renewable Power Systems Limited

Renewable Power Systems Ltd from Bedford UK: small company, holding company, active status, founded 33 years ago, 6 employees, £8,257,627 assets, virtual address, 3 directors, 1 owner. Irregular importer of electrical machinery and equipment (1 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £8,257,627.

Renewable Power Systems Ltd operates as a holding company, overseeing a portfolio of energy-related businesses. Its primary focus, however, appears to be the distribution of gas-fueled power technologies, particularly Capstone MicroTurbines, through its subsidiary, NewEnCo. NewEnCo’s website details a refreshingly honest approach to assessing project viability, offering solutions ranging from outright sales to discounted energy purchase schemes. The company installs and maintains micro gas turbine systems, catering to diverse sectors like greenhouses, schools, and sewage treatment works. It’s a real interesting mix.

Financially, Renewable Power Systems Ltd presents a complex picture. While its assets remain substantial at £8,257,627, key indicators suggest a period of growth and investment. Current assets increased by 69% to £8,300,000, while net assets grew 17% to £4,900,000. Bank borrowings increased by 110% to £410,000, and cash reserves increased by 210% to £1,400,000. Trade debtors also increased by 54% to £6,900,000. The number of employees, however, has significantly risen from six to sixteen—a 170% increase—suggesting expanded operations. The company’s small size helps it remain agile, but the surge in both debt and staffing raises questions about its ability to manage increased expenses. With no auditor mentioned, the figures are unaudited.

Overall, Renewable Power Systems Ltd seems to be experiencing a period of expansion, driven by its focus on energy-efficient power technologies. Whether this growth is sustainable remains to be seen, but the company’s diverse portfolio and strong asset base provide a solid foundation.

Registered in England/Wales under the registration number 02651079, with a registered address at MK40 2QW, Bedford, Bedfordshire, Northwood House, 138 Bromham Road.

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