The Ethical Renewable Company Ltd

The Ethical Renewable Company Ltd from Houghton Le Spring UK: small company, holding company, active status, founded 14 years ago, £2,643,859 assets, virtual address, 6 directors, 1 owner, google rating 3.0 based on 5 reviews. Irregular importer of electrical machinery and equipment (2 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the other specialised construction activities n.e.c. industries. It's an irregular importer, with its top import category being Electrical machinery and equipment, totaling 2 months of imports. The last import operation was conducted on December 01, 2022.

The company’s website, Ethical Power, focuses on renewable energy project services, offering development, construction, operations, and maintenance solutions, as well as connections and power supply agreements. It’s clear that they are expanding globally, with a presence in Greece, Italy, New Zealand, Spain, and the UK. They also offer asset management and high-return investments through Ethical Capital Funds. Their services extend to utility-scale solar PV, battery energy storage systems, and brownfield solar projects. The site actively promotes its team and values, and is currently hiring, with a clear warning against fraudulent job postings.

Financially, The Ethical Renewable Company Ltd presents a mixed picture. Current assets remained steady at £2.6 million, however, net assets plunged 53%, falling to £810,000. Bank borrowings vanished completely, a significant change from the previous year. Creditors, however, increased dramatically, rising 140% to £1.9 million – a sign that the company is relying more on external financing. Debtor levels also decreased, suggesting potential 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 agile, but the sharp equity drop raises questions. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

The company’s reliance on a virtual address, shared by 23 other companies, is a slight concern, but doesn’t necessarily indicate anything untoward. The Google rating of 3.0 from just five reviews suggests room for improvement in customer perception. Overall, The Ethical Renewable Company Ltd seems to be navigating a period of change, with a focus on growth and expansion, but facing some financial pressures.

Registered in England/Wales under the registration number 07379781, with a registered address at DH4 5RA, England, Houghton Le Spring, Sunderland, Alexander House 1 Mandarin Road, Rainton Bridge Business Park.

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