Tuxford Renewable Energy Limited

Tuxford Renewable Energy Limited, based in Retford, UK, is a small, active holding company established ten years ago in 2014. With two employees and £1,143,379 in assets, it operates from a real address and is overseen by two directors and three owners. The company regularly imports machinery, boilers, and mechanical appliances, with its last import activity recorded four months ago in December 2022.

The company's website is non-existent, which makes it difficult to ascertain its exact operations beyond what’s stated in the report. It seems to be involved in the production of electricity, possibly through renewable sources, and has a connection to electrical substations.

Financially, Tuxford Renewable Energy Limited presents a mixed picture. While current assets have increased significantly to £1.1 million, net assets have decreased to -£2.5 million. Bank borrowings have increased by 11%, and creditors have surged by a substantial 530%, suggesting a reliance on external funding. Cash reserves remain relatively stable at £410,000, but the negative equity is concerning. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is typical for small companies.

The substantial increase in creditors, coupled with the negative equity, suggests the company may be burning through cash faster than it’s generating revenue. It's possible the company is investing heavily in new projects or facing increased operating expenses. The lack of a website and the absence of detailed financial information makes it difficult to draw definitive conclusions, but the trends warrant close monitoring.

Registered in England/Wales under the registration number 09221776, with a registered address at DN22 0QZ, United Kingdom, Retford, Hawksley Farm, Upton.

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