Ventus Energy Limited

Ventus Energy Ltd, based in North Shields, UK, is a small holding company with an active status, having been established 22 years ago in 2003. Employing 19 people, the company holds assets valued at £2,425,159. It operates from a real address and is overseen by five directors and one owner. The company regularly imports electrical machinery and equipment (four months of activity) and exports basic metal tools and utensils (also four months).

The company provides high-voltage engineering and maintenance services to the offshore wind industry, positioning itself as a leading provider. Its website highlights expertise in cable jointing, fault location and repair, operations and maintenance, HV control room services, and HV commissioning. They even have a presence in the US market. The company’s website details a focus on performance-driven solutions and a commitment to building a sustainable future.

Financially, Ventus Energy Ltd shows some interesting trends. Accumulated amortisation of intangible assets has increased significantly, rising to £140,000, while accumulated depreciation of property, plant, and equipment has more than doubled to £330,000. Average employee numbers have also increased dramatically, rising by 120% to 41. Bank borrowings have been eliminated, a positive sign, but creditors have increased by 15% to £890,000. Cash reserves have grown substantially, up 170% to £260,000. The company’s net assets have also increased by 19% to £720,000. The company is classified as small, meeting two of three criteria. The unaudited financial statements were prepared by Azets Audit Services.

These figures suggest the company is investing in its infrastructure and workforce, which could be a sign of growth. However, the increase in creditors also warrants attention. The company’s focus on the expanding offshore wind sector seems to be driving its activity, and it’s likely to continue to be a key area for growth.

Registered in England/Wales under the registration number 04698767, with a registered address at NE29 7SN, England, North Shields, 5 Mercury Court, Orion Business Park.

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