renewable energy systems limited

4.5

renewable energy systems limited Company Information

Share RENEWABLE ENERGY SYSTEMS LIMITED
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Company Number

01589961

Registered Address

beaufort court, egg farm lane station road, kings langley, hertfordshire, WD4 8LR

Industry

Construction of commercial buildings

 

Telephone

01923299200

Next Accounts Due

July 2024

Group Structure

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Directors

Dominic Hearth9 Years

Lucy Whitford5 Years

View All

Shareholders

renewable energy systems holdings ltd 100%

renewable energy systems limited Estimated Valuation

£58.4m

Pomanda estimates the enterprise value of RENEWABLE ENERGY SYSTEMS LIMITED at £58.4m based on a Turnover of £107.9m and 0.54x industry multiple (adjusted for size and gross margin).

renewable energy systems limited Estimated Valuation

£0

Pomanda estimates the enterprise value of RENEWABLE ENERGY SYSTEMS LIMITED at £0 based on an EBITDA of £-66.4m and a 4.81x industry multiple (adjusted for size and gross margin).

renewable energy systems limited Estimated Valuation

£799.7m

Pomanda estimates the enterprise value of RENEWABLE ENERGY SYSTEMS LIMITED at £799.7m based on Net Assets of £630.2m and 1.27x industry multiple (adjusted for liquidity).

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Renewable Energy Systems Limited Overview

Renewable Energy Systems Limited is a live company located in kings langley, WD4 8LR with a Companies House number of 01589961. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in October 1981, it's largest shareholder is renewable energy systems holdings ltd with a 100% stake. Renewable Energy Systems Limited is a mature, mega sized company, Pomanda has estimated its turnover at £107.9m with high growth in recent years.

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Renewable Energy Systems Limited Health Check

Pomanda's financial health check has awarded Renewable Energy Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £107.9m, make it larger than the average company (£9.4m)

£107.9m - Renewable Energy Systems Limited

£9.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (3.4%)

20% - Renewable Energy Systems Limited

3.4% - Industry AVG

production

Production

with a gross margin of 6.1%, this company has a higher cost of product (14.2%)

6.1% - Renewable Energy Systems Limited

14.2% - Industry AVG

profitability

Profitability

an operating margin of -63.6% make it less profitable than the average company (3.7%)

-63.6% - Renewable Energy Systems Limited

3.7% - Industry AVG

employees

Employees

with 566 employees, this is above the industry average (30)

566 - Renewable Energy Systems Limited

30 - Industry AVG

paystructure

Pay Structure

on an average salary of £79.5k, the company has a higher pay structure (£50.8k)

£79.5k - Renewable Energy Systems Limited

£50.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £190.6k, this is less efficient (£330.7k)

£190.6k - Renewable Energy Systems Limited

£330.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is near the average (49 days)

40 days - Renewable Energy Systems Limited

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 16 days, this is quicker than average (38 days)

16 days - Renewable Energy Systems Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 9 days, this is less than average (13 days)

9 days - Renewable Energy Systems Limited

13 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 72 weeks, this is more cash available to meet short term requirements (23 weeks)

72 weeks - Renewable Energy Systems Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.1%, this is a lower level of debt than the average (70.2%)

18.1% - Renewable Energy Systems Limited

70.2% - Industry AVG

RENEWABLE ENERGY SYSTEMS LIMITED financials

EXPORTms excel logo

Renewable Energy Systems Limited's latest turnover from October 2022 is £107.9 million and the company has net assets of £630.2 million. According to their latest financial statements, Renewable Energy Systems Limited has 566 employees and maintains cash reserves of £182.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover107,855,00097,627,00061,820,00061,940,00086,137,000116,855,000244,469,000107,667,00046,370,00044,117,00036,264,00030,856,00030,352,0009,712,000
Other Income Or Grants00000000000000
Cost Of Sales101,286,00084,483,00042,855,00046,511,00060,401,00069,385,000193,799,00083,958,00021,429,00019,540,00019,040,00017,506,00018,264,0006,943,000
Gross Profit6,569,00013,144,00018,965,00015,429,00025,736,00047,470,00050,670,00023,709,00024,941,00024,577,00017,224,00013,350,00012,088,0002,769,000
Admin Expenses75,161,00046,146,000-7,638,000192,298,0001,634,00075,196,00038,624,00036,790,00031,995,00031,758,00020,498,00016,745,00011,012,00021,709,000
Operating Profit-68,592,000-33,002,00026,603,000-176,869,00024,102,000-27,726,00012,046,000-13,081,000-7,054,000-7,181,000-3,274,000-3,395,0001,076,000-18,940,000
Interest Payable5,048,00010,363,00010,756,00014,729,0009,870,00020,876,00027,268,00011,595,0007,313,0009,054,0003,524,0003,371,0003,257,0002,134,000
Interest Receivable4,742,0001,275,0001,132,0002,179,0001,851,00076,420,0002,631,0001,011,0003,986,0002,971,0002,079,0002,122,0002,584,0009,564,000
Pre-Tax Profit-62,122,000692,523,00051,866,000-113,316,00024,375,00036,572,00027,027,000-11,577,00075,484,00088,035,000-7,781,000-4,768,000402,000-11,542,000
Tax-4,902,000-275,000-4,065,0004,990,000-5,172,00089,000-4,869,000-470,0002,735,000365,0000323,0000-186,000
Profit After Tax-67,024,000692,248,00047,801,000-108,326,00019,203,00036,661,00022,158,000-12,047,00078,219,00088,400,000-7,781,000-4,445,000402,000-11,728,000
Dividends Paid0000005,000,000044,000,00000019,000,0000
Retained Profit-67,024,000692,248,00047,801,000-108,326,00019,203,00036,661,00017,158,000-12,047,00034,219,00088,400,000-7,781,000-4,445,000-18,598,000-11,728,000
Employee Costs45,002,00048,244,00034,129,00031,674,00031,146,00031,501,00042,310,00037,182,00028,442,00028,066,00023,881,00021,214,00019,759,00019,654,000
Number Of Employees566491420377337357464453367352311256209176
EBITDA*-66,423,000-29,449,00029,639,000-174,852,00025,025,000-26,627,00012,691,000-11,879,000-5,542,000-5,883,000-2,158,000-2,282,0001,845,000-18,365,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets5,988,0006,044,0008,204,0009,540,0005,480,0002,411,0001,422,0001,666,0003,136,0003,978,0003,902,0002,919,0003,373,0001,611,000
Intangible Assets6,804,0005,061,0005,994,00000000000000
Investments & Other180,999,000156,080,000160,938,00052,482,000179,824,00077,034,00061,803,00068,180,00063,978,00063,468,00047,904,00040,821,00039,482,00039,722,000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets193,791,000167,185,000175,136,00062,022,000185,304,00079,445,00063,225,00069,846,00067,114,00067,446,00051,806,00043,740,00042,855,00041,333,000
Stock & work in progress2,764,00026,378,00026,637,000851,0001,325,0006,299,00012,386,00025,052,00019,220,000135,000250,000137,00000
Trade Debtors12,057,0007,968,0004,345,0003,523,00011,000,00010,555,0003,507,00020,896,0002,056,0002,493,0002,826,0001,454,000137,000362,000
Group Debtors68,568,000136,678,000127,391,000103,030,00056,802,000112,003,000206,086,000196,627,000174,831,000128,594,000101,328,00092,003,000103,152,00081,951,000
Misc Debtors15,470,00014,765,00018,445,00020,942,00025,387,00020,796,000101,897,00011,633,00013,765,0002,687,0002,310,0001,387,0001,020,0001,013,000
Cash182,077,000649,682,00071,995,00049,740,000110,943,00059,827,00061,691,00041,985,00013,824,000135,832,0001,543,00022,297,0004,947,00034,084,000
misc current assets294,640,000000047,841,0002,087,0000000000
total current assets575,576,000835,471,000248,813,000178,086,000205,457,000257,321,000387,654,000296,193,000223,696,000269,741,000108,257,000117,278,000109,256,000117,410,000
total assets769,367,0001,002,656,000423,949,000240,108,000390,761,000336,766,000450,879,000366,039,000290,810,000337,187,000160,063,000161,018,000152,111,000158,743,000
Bank overdraft00000040,000,00039,609,00019,141,00000000
Bank loan00000000000000
Trade Creditors 4,667,0005,364,0004,356,0003,020,0004,977,0004,069,00018,040,0007,757,0004,069,0002,307,000368,000259,000399,000328,000
Group/Directors Accounts105,426,000121,057,000244,398,000129,153,000162,381,00092,646,000196,084,000136,301,00094,752,000195,932,00083,086,00074,083,00056,795,00038,559,000
other short term finances00000016,0003,231,000000000
hp & lease commitments00000000000000
other current liabilities19,846,00062,671,00040,250,00017,708,00020,443,00033,180,00018,968,00037,914,00020,405,00021,308,00015,918,00014,252,00010,780,00011,696,000
total current liabilities129,939,000189,092,000289,004,000149,881,000187,801,000129,895,000273,108,000224,812,000138,367,000219,547,00099,372,00088,594,00067,974,00050,583,000
loans000000000032,000,00036,000,00043,000,00049,000,000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions1,367,0001,288,0001,206,0003,036,0005,243,0001,922,0002,984,000200,000200,000196,00000144,000619,000
total long term liabilities9,209,00013,129,00019,446,00019,207,00017,786,00013,349,00019,526,0005,473,000200,000196,00032,000,00036,000,00043,144,00049,619,000
total liabilities139,148,000202,221,000308,450,000169,088,000205,587,000143,244,000292,634,000230,285,000138,567,000219,743,000131,372,000124,594,000111,118,000100,202,000
net assets630,219,000800,435,000115,499,00071,020,000185,174,000193,522,000158,245,000135,754,000152,243,000117,444,00028,691,00036,424,00040,993,00058,541,000
total shareholders funds630,219,000800,435,000115,499,00071,020,000185,174,000193,522,000158,245,000135,754,000152,243,000117,444,00028,691,00036,424,00040,993,00058,541,000
Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit-68,592,000-33,002,00026,603,000-176,869,00024,102,000-27,726,00012,046,000-13,081,000-7,054,000-7,181,000-3,274,000-3,395,0001,076,000-18,940,000
Depreciation1,632,0003,007,0003,036,0002,017,000923,0001,099,000645,0001,202,0001,512,0001,298,0001,116,0001,113,000769,000575,000
Amortisation537,000546,000000000000000
Tax-4,902,000-275,000-4,065,0004,990,000-5,172,00089,000-4,869,000-470,0002,735,000365,0000323,0000-186,000
Stock-23,614,000-259,00025,786,000-474,000-4,974,000-6,087,000-12,666,0005,832,00019,085,000-115,000113,000137,00000
Debtors-63,316,0009,230,00022,686,00034,306,000-50,165,000-168,136,00082,334,00038,504,00056,878,00027,310,00011,620,000-9,465,00020,983,00083,326,000
Creditors-697,0001,008,0001,336,000-1,957,000908,000-13,971,00010,283,0003,688,0001,762,0001,939,000109,000-140,00071,000328,000
Accruals and Deferred Income-42,825,00022,421,00022,542,000-2,735,000-12,737,00014,212,000-18,946,00017,509,000-903,0005,390,0001,666,0003,472,000-916,00011,696,000
Deferred Taxes & Provisions79,00082,000-1,830,000-2,207,0003,321,000-1,062,0002,784,00004,000196,0000-144,000-475,000619,000
Cash flow from operations-27,838,000-15,184,000-850,000-210,593,00066,484,000146,864,000-67,725,000-35,488,000-77,907,000-25,188,000-12,116,00010,557,000-20,458,000-89,234,000
Investing Activities
capital expenditure-3,856,000-460,000-7,694,000-6,077,000-3,992,000-2,088,000-401,000268,000-670,000-1,374,000-2,099,000-659,000-2,531,000-2,186,000
Change in Investments24,919,000-4,858,000108,456,000-127,342,000102,790,00015,231,000-6,377,0004,202,000510,00015,564,0007,083,0001,339,000-240,00039,722,000
cash flow from investments-28,775,0004,398,000-116,150,000121,265,000-106,782,000-17,319,0005,976,000-3,934,000-1,180,000-16,938,000-9,182,000-1,998,000-2,291,000-41,908,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-15,631,000-123,341,000115,245,000-33,228,00069,735,000-103,438,00059,783,00041,549,000-101,180,000112,846,0009,003,00017,288,00018,236,00038,559,000
Other Short Term Loans 00000-16,000-3,215,0003,231,000000000
Long term loans000000000-32,000,000-4,000,000-7,000,000-6,000,00049,000,000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue-103,192,000-7,312,000-3,322,000-5,828,000-27,551,000-1,384,0005,333,000-4,442,000580,000353,00048,000-124,0001,050,00070,269,000
interest-306,000-9,088,000-9,624,000-12,550,000-8,019,00055,544,000-24,637,000-10,584,000-3,327,000-6,083,000-1,445,000-1,249,000-673,0007,430,000
cash flow from financing-119,129,000-139,741,000102,299,000-51,606,00034,165,000-49,294,00037,264,00029,754,000-103,927,00075,116,0003,606,0008,915,00012,613,000165,258,000
cash and cash equivalents
cash-467,605,000577,687,00022,255,000-61,203,00051,116,000-1,864,00019,706,00028,161,000-122,008,000134,289,000-20,754,00017,350,000-29,137,00034,084,000
overdraft00000-40,000,000391,00020,468,00019,141,00000000
change in cash-467,605,000577,687,00022,255,000-61,203,00051,116,00038,136,00019,315,0007,693,000-141,149,000134,289,000-20,754,00017,350,000-29,137,00034,084,000

renewable energy systems limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Renewable Energy Systems Limited Competitor Analysis

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renewable energy systems limited Ownership

RENEWABLE ENERGY SYSTEMS LIMITED Shareholders

renewable energy systems holdings ltd 100%

renewable energy systems limited directors

Renewable Energy Systems Limited currently has 7 directors. The longest serving directors include Mr Dominic Hearth (Dec 2014) and Ms Lucy Whitford (Mar 2019).

officercountryagestartendrole
Mr Dominic Hearth58 years Dec 2014- Director
Ms Lucy WhitfordEngland51 years Mar 2019- Director
Mr Ian Hunter40 years Mar 2019- Director
Mr Eduardo Medina SanchezUnited Kingdom55 years Nov 2021- Director
Ms Maria IrvinUnited Kingdom53 years Apr 2023- Director
Ms Paula MurphyUnited Kingdom48 years Jul 2023- Director
Mr Henrik BrandtUnited Kingdom43 years Apr 2024- Director

P&L

October 2022

turnover

107.9m

+10%

operating profit

-68.6m

+108%

gross margin

6.1%

-54.76%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2022

net assets

630.2m

-0.21%

total assets

769.4m

-0.23%

cash

182.1m

-0.72%

net assets

Total assets minus all liabilities

renewable energy systems limited company details

company number

01589961

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

October 1981

age

43

accounts

Full Accounts

previous names

ablespring limited (December 1981)

incorporated

UK

address

beaufort court, egg farm lane station road, kings langley, hertfordshire, WD4 8LR

last accounts submitted

October 2022

renewable energy systems limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 19 charges/mortgages relating to renewable energy systems limited. Currently there are 8 open charges and 11 have been satisfied in the past.

charges

renewable energy systems limited Companies House Filings - See Documents

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