Titan Energies Limited

Titan Energies Ltd, based in Aberdeen, UK, is a small, active company established sixteen years ago in 2008. Employing twenty-five people, it operates from a real address within Prime Four Business Park and is overseen by seven directors and two owners. The company is a regular importer and exporter of machinery, boilers, and mechanical appliances, including parts, with nineteen months of import activity and seventeen months of export activity recorded as of February 2025.

The company’s website highlights its focus on decommissioning services, particularly slot recovery and renewable energy solutions. It also offers onshore services and torque servicing, with a particular emphasis on the "SJI Slot Jet" system for decommissioning projects. Titan Energies has a facility near the harbour in Aberdeen, equipped with multi-torque, multi-crane, and multi-access capabilities, alongside an in-house transport company. The website also mentions partnerships and a commitment to sustainability, with a section dedicated to corporate social responsibility.

Financially, Titan Energies Ltd presents a mixed picture. Accumulated amortisation impairment for intangible assets increased by 8.1% to £400,000, while depreciation impairment for property and equipment rose by 8.6% to £910,000. Average employee numbers increased by a significant 28% to thirty-two, suggesting growth within the business. However, cash bank on hand decreased by 43% to £24,000, and net assets plummeted 73% to £170,000. Bank borrowings, however, decreased by 80% to £14,000. Creditors increased by 50% to £1,600,000, and trade debtors decreased by 18% to £1,200,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it doesn’s required an audit, so the figures are unaudited.

The increase in employee numbers, combined with the decrease in cash reserves, suggests the company may be investing in growth, although it’s also burning through cash at a faster rate. The substantial increase in creditors could indicate a need for improved cash flow management. The company’s focus on specialized decommissioning services and renewable energy solutions, as highlighted on its website, may be contributing to its growth potential, but also presents challenges in a competitive market.

Registered in Scotland under the registration number SC345968, with a registered address at AB15 8PU, Scotland, Aberdeen, 1st Floor North, Kingshill View, Prime Four Business Park, Kingswells.

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