Sheco Renewable Systems Limited

Sheco Renewable Systems Ltd, based in Tipton, UK, is a small, active company founded ten years ago. Employing 33 people, it holds assets valued at £5,187,461. With three directors and no reported owners, the company maintains a respectable Google rating of 4.0 based on eight reviews. It’s a regular importer, primarily of plastics and plastic products, with its last import operation dating back to June 2021.

The company's website reveals a diversified business model. SHEco operates four distinct divisions: Automotive Systems, Engineering Services, Renewable Systems, and Automotive Systems again. SHEco Automotive Systems specializes in vehicle testing and fluid filling, while SHEco Engineering Services provides advanced heating solutions for industrial and commercial sectors. SHEco Renewable Systems focuses on providing bespoke heating and cooling engineering solutions, driving clients towards a sustainable future. The website suggests a strong emphasis on engineering expertise and energy-efficient solutions, with a particular focus on decarbonization and renewable energy. The website is not an ecommerce site, but rather a showcase of services and capabilities.

Financially, Sheco Renewable Systems Ltd presents a mixed picture. Cash reserves have significantly increased by 170%, reaching £850,000, a positive sign of liquidity. However, trade debtors have surged by 120%, reaching £3.2 million, which could indicate challenges in collecting payments. Creditors have also increased by 61%, reaching £4.2 million, suggesting potentially higher short-term liabilities. While net assets have grown by 86%, reaching £1.1 million, average employee numbers have decreased by 30%, dropping to 23 – a concerning trend. Bank borrowings have decreased by 29%, reaching £25,000. 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 flexibility, but the decrease in employees and increase in debtors warrant closer attention. The company’s accounts were prepared by Bradley Rhodes Limited, and are unaudited.

Registered in England/Wales under the registration number 09063687, with a registered address at DY4 8XE, Tipton, West Midlands, Quality House Coneygre Road, Dudley Port.

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