Speeca Limited

Speeca Limited is a small, active company based in London, UK, founded eight years ago in 2016. With thirteen employees and £9,222,035 in assets, it operates from a virtual address – thirteen companies registered at the same location – and is a family business run by two directors and two owners. The company regularly imports electrical machinery and equipment, with the last import activity occurring in February 2025.

Speeca Limited’s core business is fund management activities, and it has a UK-based renewable energy company focused on expanding its portfolio of wind power assets. It provides capital-free solutions for renewable energy needs, covering everything from feasibility studies to installation and maintenance of wind turbines and battery systems. The company’s website highlights its focus on repowering wind turbines and implementing advanced battery storage systems, leveraging technology and data analytics to optimize performance.

However, a review of the company’s financials reveals a concerning trend. While investments in fixed assets have doubled to £37 million, cash reserves have plummeted by a staggering 95%, dropping to just £310,000. Bank borrowings have also increased significantly, rising by 38% to £9.8 million. Creditors have jumped by 260%, and net assets have fallen 120% to £1.9 million. The average number of employees reported has also dropped to zero. Although the company’s turnover remains below the £10.2 million threshold, the sharp decline in equity and cash reserves suggests it is burning through money. The increase in bank borrowings and the rise in trade debtors also point to potential liquidity issues. With no auditor mentioned, the figures are unaudited. It’s likely that the company is facing challenges in converting its investments into revenue, or perhaps it’s heavily investing in expansion.

Registered in England/Wales under the registration number 10513763, with a registered address at SW1V 1NZ, England, London, 28 Eccleston Square.

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