Thrift Energy Limited

Thrift Energy Ltd, based in Gateshead, UK, is a small holding company with an active status, having been incorporated thirteen years ago in 2012. The company employs twenty-nine people and holds assets worth £5,112,839. It's led by three directors and has one owner, with a real address registered at Unit 2 Ninth Avenue, Team Valley Trading Estate. Thrift Energy is an irregular importer, primarily dealing in electrical machinery and equipment, with the last import operation recorded two months ago in December 2023.

The company’s website highlights its focus on energy-saving solutions for homes. It prominently advertises solar panel installations, air source heat pumps, and insulation services, offering financing options and government grant assistance. The site emphasizes reducing energy bills and lowering carbon footprints, targeting homeowners looking to improve energy efficiency. It also features a blog with articles on energy price increases and school solar investments, showcasing expertise in the field.

Financially, Thrift Energy Ltd exhibits some concerning trends. While cash bank on hand increased by 46% to £1,800,000, the company’s net assets have seen a significant boost, rising by 96% to £2,300,000. However, the number of employees has decreased by 31% to twenty, and the value of other inventories has fallen by 33% to £240,000. Trade debtors have increased dramatically by 890% to £1,900,000, which could indicate challenges in collecting payments. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the drop in employee numbers and increase in debtors warrants further investigation. The accounts are unaudited, as is common for small companies. Glen C Rodger Limited is the auditor.

Registered in England/Wales under the registration number 07976869, with a registered address at NE11 0EH, United Kingdom, Gateshead, Unit 2 Ninth Avenue, Team Valley Trading Estate.

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