Rk Renewables Limited

Rk Renewables Ltd, based in Dumfries, UK, is a small, active company founded seven years ago. With two employees and £97,435 in assets, it’s a solo-founded operation run by two directors and one owner. The company is a regular exporter of electrical machinery and equipment, with three months of export activity recorded, and an irregular importer, with just one month of import activity as of November 2022.

The company's website highlights its focus on solar panel installation services within Dumfries and Galloway. It positions itself as a family-run business committed to helping customers save money and reduce their reliance on the grid. The website emphasizes personalized solar solutions designed to maximize savings and sustainability, and uses Wix.com for its online presence.

Financially, Rk Renewables Ltd shows some concerning trends. Current assets have fallen by 44% to £97,000, while net assets have dropped by 35% to £71,000. Cash reserves have also declined by 39%, sitting at £15,000. Creditors have seen a significant decrease of 49%, which is a positive sign, but trade debtors have fallen by a large 54%, which may indicate issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decline in equity and cash reserves warrants attention. As a small company, it is exempt from an audit, so the financial data is unaudited.

While the solar panel installation business seems to be operating, the financial numbers suggest the company is burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen, but Rk Renewables Ltd will need to address these trends to ensure its long-term viability.

Registered in Scotland under the registration number SC592293, with a registered address at DG1 3SJ, Scotland, Dumfries, C/O Farries, Kirk & Mcvean Dumfries Enterprise Park, Tinwald Downs Road, Heathhall.

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