geothermal engineering limited
geothermal engineering limited Company Information
Company Number
06663174
Registered Address
united downs industrial estate, st day, redruth, cornwall, TR16 5HY
Industry
Production of electricity
Test drilling and boring
Telephone
01326331920
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ryan law 52%
cx geothermal limited 24.5%
View Allgeothermal engineering limited Estimated Valuation
Pomanda estimates the enterprise value of GEOTHERMAL ENGINEERING LIMITED at £2.6m based on a Turnover of £3.7m and 0.71x industry multiple (adjusted for size and gross margin).
geothermal engineering limited Estimated Valuation
Pomanda estimates the enterprise value of GEOTHERMAL ENGINEERING LIMITED at £0 based on an EBITDA of £-1.6m and a 3.7x industry multiple (adjusted for size and gross margin).
geothermal engineering limited Estimated Valuation
Pomanda estimates the enterprise value of GEOTHERMAL ENGINEERING LIMITED at £0 based on Net Assets of £-5.8m and 2.08x industry multiple (adjusted for liquidity).
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Geothermal Engineering Limited Overview
Geothermal Engineering Limited is a live company located in redruth, TR16 5HY with a Companies House number of 06663174. It operates in the production of electricity sector, SIC Code 35110. Founded in August 2008, it's largest shareholder is ryan law with a 52% stake. Geothermal Engineering Limited is a established, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.
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Geothermal Engineering Limited Health Check
Pomanda's financial health check has awarded Geothermal Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£4.7m)
- Geothermal Engineering Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.2%)
- Geothermal Engineering Limited
6.2% - Industry AVG
Production
with a gross margin of 41.7%, this company has a comparable cost of product (41.7%)
- Geothermal Engineering Limited
41.7% - Industry AVG
Profitability
an operating margin of -43.4% make it less profitable than the average company (21%)
- Geothermal Engineering Limited
21% - Industry AVG
Employees
with 9 employees, this is below the industry average (25)
9 - Geothermal Engineering Limited
25 - Industry AVG
Pay Structure
on an average salary of £56.2k, the company has an equivalent pay structure (£56.2k)
- Geothermal Engineering Limited
£56.2k - Industry AVG
Efficiency
resulting in sales per employee of £415.1k, this is more efficient (£220.9k)
- Geothermal Engineering Limited
£220.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Geothermal Engineering Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 185 days, this is slower than average (37 days)
- Geothermal Engineering Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Geothermal Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Geothermal Engineering Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 351.9%, this is a higher level of debt than the average (82.2%)
351.9% - Geothermal Engineering Limited
82.2% - Industry AVG
GEOTHERMAL ENGINEERING LIMITED financials
Geothermal Engineering Limited's latest turnover from December 2022 is estimated at £3.7 million and the company has net assets of -£5.8 million. According to their latest financial statements, Geothermal Engineering Limited has 9 employees and maintains cash reserves of £4.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 9 | 5 | 2 | 3 | 3 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 928,408 | 348,408 | 348,408 | 348,408 | 348,201 | 1,958,453 | 463,709 | 463,709 | 551,909 | 453,563 | 646,714 | 398,735 | 254,569 | 213,070 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,281,870 | 1,281,771 | 1,280,970 | 1,280,870 | 1,280,870 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,210,278 | 1,630,179 | 1,629,378 | 1,629,278 | 1,629,071 | 1,958,453 | 463,709 | 463,709 | 551,909 | 453,563 | 646,714 | 398,735 | 254,569 | 213,070 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 7,722 | 138,643 | 617,710 | 388,151 | 0 | 109,589 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 81,327 | 0 | 0 | 0 | 0 | 0 | 0 | 3,797 | 41,235 | 8,921 | 874 | 2,353 | 587 | 12,850 |
| Cash | 4,427 | 7,278 | 71,640 | 97,683 | 94,012 | 0 | 2,167 | 39,791 | 32,428 | 19,815 | 6,086 | 29,373 | 80,586 | 113,398 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 85,754 | 7,278 | 79,362 | 236,326 | 711,722 | 388,151 | 2,167 | 153,177 | 73,663 | 28,736 | 6,960 | 31,726 | 81,173 | 126,248 |
| total assets | 2,296,032 | 1,637,457 | 1,708,740 | 1,865,604 | 2,340,793 | 2,346,604 | 465,876 | 616,886 | 625,572 | 482,299 | 653,674 | 430,461 | 335,742 | 339,318 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,109,306 | 265,568 | 517,077 | 2,612,813 | 5,987 | 2,169,192 | 186,095 | 223,616 | 225,431 | 212,150 | 165,520 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,401,061 | 4,283,522 | 4,210,579 | 1,273,370 | 1,273,370 | 0 | 0 | 0 | 0 | 0 | 195,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 198,621 | 236,277 | 165,655 | 170,944 | 509,930 | 0 | 70,745 | 70,000 | 0 | 0 | 59 | 70,059 | 0 | 0 |
| total current liabilities | 5,708,988 | 4,785,367 | 4,893,311 | 4,057,127 | 1,789,287 | 2,169,192 | 256,840 | 293,616 | 295,431 | 212,150 | 360,579 | 70,059 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 2,370,000 | 1,014,177 | 1,020,000 | 970,000 | 1,400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,370,000 | 1,014,177 | 1,020,000 | 970,000 | 1,400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 8,078,988 | 5,799,544 | 5,913,311 | 5,027,127 | 3,189,287 | 2,169,192 | 256,840 | 293,616 | 295,431 | 212,150 | 360,579 | 70,059 | 0 | 0 |
| net assets | -5,782,956 | -4,162,087 | -4,204,571 | -3,161,523 | -848,494 | 177,412 | 209,036 | 323,270 | 330,141 | 270,149 | 293,095 | 360,402 | 335,742 | 339,318 |
| total shareholders funds | -5,782,956 | -4,162,087 | -4,204,571 | -3,161,523 | -848,494 | 177,412 | 209,036 | 323,270 | 330,141 | 270,149 | 293,095 | 360,402 | 335,742 | 339,318 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 81,327 | -7,722 | -130,921 | -479,067 | 229,559 | 388,151 | -113,386 | 72,151 | 32,314 | 8,047 | -1,479 | 1,766 | -12,263 | 12,850 |
| Creditors | 843,738 | -251,509 | -2,095,736 | 2,606,826 | -2,163,205 | 1,983,097 | -37,521 | -1,815 | 13,281 | 46,630 | 165,520 | 0 | 0 | 0 |
| Accruals and Deferred Income | -37,656 | 70,622 | -5,289 | -338,986 | 509,930 | -70,745 | 745 | 70,000 | 0 | -59 | -70,000 | 70,059 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 99 | 801 | 100 | 0 | 1,280,870 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 117,539 | 72,943 | 2,937,209 | 0 | 1,273,370 | 0 | 0 | 0 | 0 | -195,000 | 195,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -70,000 | 70,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,355,823 | -5,823 | 50,000 | -430,000 | 1,400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -2,851 | -64,362 | -26,043 | 3,671 | 94,012 | -2,167 | -37,624 | 7,363 | 12,613 | 13,729 | -23,287 | -51,213 | -32,812 | 113,398 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,851 | -64,362 | -26,043 | 3,671 | 94,012 | -2,167 | -37,624 | 7,363 | 12,613 | 13,729 | -23,287 | -51,213 | -32,812 | 113,398 |
geothermal engineering limited Credit Report and Business Information
Geothermal Engineering Limited Competitor Analysis
Perform a competitor analysis for geothermal engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
geothermal engineering limited Ownership
GEOTHERMAL ENGINEERING LIMITED group structure
Geothermal Engineering Limited has 3 subsidiary companies.
Ultimate parent company
GEOTHERMAL ENGINEERING LIMITED
06663174
3 subsidiaries
geothermal engineering limited directors
Geothermal Engineering Limited currently has 5 directors. The longest serving directors include Mr Ryan Law (Aug 2008) and Mr David Bridgland (Jun 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ryan Law | United Kingdom | 52 years | Aug 2008 | - | Director |
| Mr David Bridgland | England | 58 years | Jun 2009 | - | Director |
| Mr David Poe | United States | 75 years | Aug 2009 | - | Director |
| Mr Antony Wilson | England | 59 years | Jan 2024 | - | Director |
| Mr Jules Van Limborgh | England | 65 years | Apr 2024 | - | Director |
P&L
December 2022turnover
3.7m
+191%
operating profit
-1.6m
0%
gross margin
41.7%
+2.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-5.8m
+0.39%
total assets
2.3m
+0.4%
cash
4.4k
-0.39%
net assets
Total assets minus all liabilities
Similar Companies
geothermal engineering limited company details
company number
06663174
Type
Private limited with Share Capital
industry
42220 - Construction of utility projects for electricity and telecommunications
35110 - Production of electricity
43130 - Test drilling and boring
incorporation date
August 2008
age
16
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
united downs industrial estate, st day, redruth, cornwall, TR16 5HY
last accounts submitted
December 2022
geothermal engineering 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 2 charges/mortgages relating to geothermal engineering limited. Currently there are 0 open charges and 2 have been satisfied in the past.
geothermal engineering limited Companies House Filings - See Documents
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