Templeborough Biomass Power Plant Limited

Templeborough Biomass Power Plant Ltd, based in London, UK, is a sizable holding company with an active status. Established fourteen years ago in 2010, it manages a biomass power plant and currently employs just two people. Despite its small workforce, the company holds substantial assets, totaling £26,660,117. Its registered address is a virtual one, shared by twelve other companies, raising some questions. The company is overseen by two directors and has one owner, although the owner list may not be exhaustive. It has a respectable Google rating of 3.0 based on 22 reviews, and regularly imports iron or steel products, with the latest import operation occurring in November 2024.

The company’s primary function is electricity production, operating a biomass power plant in Rotherham, South Yorkshire. It’s a key player in the region’s energy sector, utilizing biomass to generate power. While the website is minimal, it highlights the plant's operation and its commitment to sustainable energy.

Financially, Templeborough Biomass Power Plant Ltd demonstrates a mixed picture. While current assets increased by 16% to £27 million, net assets decreased by 35% to £32 million. Bank borrowings increased by 83% to £5 million, while cash reserves decreased by 83% to £9.7 million. Creditors increased by 20% to £9.3 million, suggesting increased reliance on trade credit. The company’s size qualifies it as a large company, meeting two of three criteria: turnover exceeding £36 million, balance sheet total exceeding £18 million, and employees exceeding 250. The company’s auditor is Azets Audit Services.

The substantial decline in net assets, despite increased current assets, is a cause for concern. It suggests that the company may be burning through cash reserves to cover operational expenses, or that the value of its non-current assets has decreased. The increase in borrowings indicates a need for external financing, potentially to support ongoing operations or capital investments. It’s likely that the company is navigating challenges in the energy market, and its financial performance will depend on its ability to manage costs and secure long-term contracts.

Registered in England/Wales under the registration number 07239700, with a registered address at EC2Y 5AU, England, London, Greater London, 1 London Wall Place.

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