Res Energy Services Limited

Res Energy Services Ltd, based in Kings Langley, UK, is a sizable company with an active status, having been established eight years ago in May 2016. Employing 101 people, the business holds assets worth £4,238,754 and generates yearly revenue of £17,166,252. While it has a registered address, fifty-four other companies also use it, suggesting a virtual address. The company is managed by five directors, but curiously, no owners are officially listed. It regularly imports and exports electrical machinery and equipment, with a strong history of 291 months of imports and 41 months of exports.

The company's website highlights its focus on residential energy efficiency, offering advice, grants, and funding options for homeowners looking to improve their homes. It specializes in insulation, heat pumps, boiler upgrades, and solar PV installations, catering to both new builds and existing properties. The website also features case studies, such as the story of Dennis, an elderly gentleman whose home was transformed by the company’s energy-saving measures. It’s clear that Res Energy Services Ltd positions itself as a trusted advisor, helping homeowners navigate the complexities of energy efficiency schemes.

Financially, Res Energy Services Ltd shows a mixed picture. While cash bank on hand increased by a significant 310%, administrative expenses grew by 18%, indicating increased operational costs. Creditors decreased by 65%, which is a positive sign, but current assets dropped by 44%, suggesting a reduction in readily available funds. Director remuneration increased by 250%, which may be linked to the company's growth. The company’s turnover grew by 57%, a good sign, but the decrease in net assets by 3.4% raises some questions. The company’s auditor is Menzies LLP. It’s worth noting that the company meets two of the three criteria for being a large company, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The lack of listed owners could be a result of a complex ownership structure.

Registered in England/Wales under the registration number 10192806, with a registered address at WD4 8LR, United Kingdom, Kings Langley, Hertfordshire, Beaufort Court, Egg Farm Lane.

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