turncole wind farm limited
turncole wind farm limited Company Information
Company Number
09069277
Next Accounts
Sep 2025
Shareholders
aviva investors infrastructure income no.5 limited
Group Structure
View All
Industry
Production of electricity
Registered Address
newington house, 237 southwark bridge road, london, greater london, SE1 6NP
Website
www.turncolewindfarm.co.ukturncole wind farm limited Estimated Valuation
Pomanda estimates the enterprise value of TURNCOLE WIND FARM LIMITED at £15.2m based on a Turnover of £8.2m and 1.85x industry multiple (adjusted for size and gross margin).
turncole wind farm limited Estimated Valuation
Pomanda estimates the enterprise value of TURNCOLE WIND FARM LIMITED at £18.6m based on an EBITDA of £3.5m and a 5.26x industry multiple (adjusted for size and gross margin).
turncole wind farm limited Estimated Valuation
Pomanda estimates the enterprise value of TURNCOLE WIND FARM LIMITED at £0 based on Net Assets of £-24.7m and 2.63x industry multiple (adjusted for liquidity).
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Turncole Wind Farm Limited Overview
Turncole Wind Farm Limited is a live company located in london, SE1 6NP with a Companies House number of 09069277. It operates in the production of electricity sector, SIC Code 35110. Founded in June 2014, it's largest shareholder is aviva investors infrastructure income no.5 limited with a 100% stake. Turncole Wind Farm Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.2m with healthy growth in recent years.
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Turncole Wind Farm Limited Health Check
Pomanda's financial health check has awarded Turncole Wind Farm Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £8.2m, make it larger than the average company (£1.8m)
£8.2m - Turncole Wind Farm Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (10.8%)
14% - Turncole Wind Farm Limited
10.8% - Industry AVG
Production
with a gross margin of 54.2%, this company has a higher cost of product (71%)
54.2% - Turncole Wind Farm Limited
71% - Industry AVG
Profitability
an operating margin of 18.9% make it less profitable than the average company (51.1%)
18.9% - Turncole Wind Farm Limited
51.1% - Industry AVG
Employees
with 19 employees, this is above the industry average (3)
- Turncole Wind Farm Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Turncole Wind Farm Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £431.6k, this is equally as efficient (£449.6k)
- Turncole Wind Farm Limited
£449.6k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is later than average (16 days)
48 days - Turncole Wind Farm Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (21 days)
18 days - Turncole Wind Farm Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Turncole Wind Farm Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (9 weeks)
27 weeks - Turncole Wind Farm Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 164.5%, this is a higher level of debt than the average (90%)
164.5% - Turncole Wind Farm Limited
90% - Industry AVG
TURNCOLE WIND FARM LIMITED financials
Turncole Wind Farm Limited's latest turnover from December 2023 is £8.2 million and the company has net assets of -£24.7 million. According to their latest financial statements, we estimate that Turncole Wind Farm Limited has 19 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,200,794 | 5,826,225 | 4,868,360 | 5,496,357 | 4,424,263 | 5,289,391 | 4,050,203 | ||
| Other Income Or Grants | |||||||||
| Cost Of Sales | 3,757,420 | 3,502,039 | 3,479,646 | 3,420,368 | 3,388,778 | 3,341,297 | 3,090,789 | 278,287 | 8,769 |
| Gross Profit | 4,443,374 | 2,324,186 | 1,388,714 | 2,075,989 | 1,035,485 | 1,948,094 | 959,414 | -278,287 | -8,769 |
| Admin Expenses | 2,895,303 | 280,633 | 257,376 | 466,514 | 173,086 | 143,467 | 200,878 | 238,360 | 4,950 |
| Operating Profit | 1,548,071 | 2,043,553 | 1,131,338 | 1,609,475 | 862,399 | 1,804,627 | 758,536 | -516,647 | -13,719 |
| Interest Payable | 4,689,681 | 5,464,696 | 5,760,936 | 3,436,880 | 3,948,227 | 4,333,167 | 4,882,648 | 1,456,465 | 6,019 |
| Interest Receivable | 81 | 653 | 4,656 | 3,467 | 93 | ||||
| Pre-Tax Profit | -3,141,610 | -3,421,062 | -4,629,598 | -1,826,752 | -3,081,172 | -2,525,073 | -4,124,019 | -1,874,469 | -19,738 |
| Tax | -316,238 | 65,869 | 840 | 178,003 | 58,751 | ||||
| Profit After Tax | -3,457,848 | -3,355,193 | -4,628,758 | -1,648,749 | -3,081,172 | -2,466,322 | -4,124,019 | -1,874,469 | -19,738 |
| Dividends Paid | |||||||||
| Retained Profit | -3,457,848 | -3,355,193 | -4,628,758 | -1,648,749 | -3,081,172 | -2,466,322 | -4,124,019 | -1,874,469 | -19,738 |
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* | 3,547,626 | 4,043,108 | 3,130,893 | 3,609,030 | 2,859,649 | 1,804,627 | 758,536 | -516,647 | -13,719 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 33,441,766 | 38,109,026 | 40,108,581 | 42,108,136 | 44,107,691 | 45,874,563 | 47,858,948 | 47,745,141 | 626,040 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 33,441,766 | 38,109,026 | 40,108,581 | 42,108,136 | 44,107,691 | 45,874,563 | 47,858,948 | 47,745,141 | 626,040 |
| Stock & work in progress | |||||||||
| Trade Debtors | 1,093,959 | 148,340 | 531,033 | 539,312 | 184,453 | 319,414 | 845,430 | ||
| Group Debtors | 150,000 | 1,321,854 | 1,100,637 | ||||||
| Misc Debtors | 2,521,691 | 1,826,280 | 1,554,391 | 1,731,153 | 1,335,069 | 1,379,308 | 1,383,225 | 502,399 | 96,591 |
| Cash | 1,042,650 | 1,575,546 | 1,541,079 | 1,209,428 | 1,042,403 | 1,375,075 | 820,124 | 3,510,854 | |
| misc current assets | |||||||||
| total current assets | 4,808,300 | 4,872,020 | 4,727,140 | 3,479,893 | 2,561,925 | 3,073,797 | 3,048,779 | 4,013,253 | 96,591 |
| total assets | 38,250,066 | 42,981,046 | 44,835,721 | 45,588,029 | 46,669,616 | 48,948,360 | 50,907,727 | 51,758,394 | 722,631 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 191,452 | 156,605 | 71,604 | 70,704 | 83,100 | 153,946 | |||
| Group/Directors Accounts | 737,418 | ||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 1,799,318 | 3,511,204 | 2,940,018 | 1,080,229 | 500,165 | 441,147 | 239,512 | 17,224,139 | 4,950 |
| total current liabilities | 1,990,770 | 3,511,204 | 3,096,623 | 1,151,833 | 570,869 | 524,247 | 393,458 | 17,224,139 | 742,368 |
| loans | 60,095,178 | 59,863,962 | 58,793,796 | 56,877,597 | 56,906,557 | 56,165,613 | 55,804,016 | 36,428,461 | |
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 820,385 | 804,299 | 788,528 | 773,067 | 757,909 | 743,047 | 728,478 | ||
| total long term liabilities | 60,915,563 | 60,668,261 | 59,582,324 | 57,650,664 | 57,664,466 | 56,908,660 | 56,532,494 | 36,428,461 | |
| total liabilities | 62,906,333 | 64,179,465 | 62,678,947 | 58,802,497 | 58,235,335 | 57,432,907 | 56,925,952 | 53,652,600 | 742,368 |
| net assets | -24,656,267 | -21,198,419 | -17,843,226 | -13,214,468 | -11,565,719 | -8,484,547 | -6,018,225 | -1,894,206 | -19,737 |
| total shareholders funds | -24,656,267 | -21,198,419 | -17,843,226 | -13,214,468 | -11,565,719 | -8,484,547 | -6,018,225 | -1,894,206 | -19,737 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,548,071 | 2,043,553 | 1,131,338 | 1,609,475 | 862,399 | 1,804,627 | 758,536 | -516,647 | -13,719 |
| Depreciation | 1,999,555 | 1,999,555 | 1,999,555 | 1,999,555 | 1,997,250 | ||||
| Amortisation | |||||||||
| Tax | -316,238 | 65,869 | 840 | 178,003 | 58,751 | ||||
| Stock | |||||||||
| Debtors | 469,176 | 110,413 | 915,596 | 750,943 | -179,200 | -529,933 | 1,726,256 | 405,808 | 96,591 |
| Creditors | 191,452 | -156,605 | 85,001 | 900 | -12,396 | -70,846 | 153,946 | ||
| Accruals and Deferred Income | -1,711,886 | 571,186 | 1,859,789 | 580,064 | 59,018 | 201,635 | -16,984,627 | 17,219,189 | 4,950 |
| Deferred Taxes & Provisions | 16,086 | 15,771 | 15,461 | 15,158 | 14,862 | 14,569 | 728,478 | ||
| Cash flow from operations | 1,257,864 | 4,428,916 | 4,176,388 | 3,632,212 | 3,100,333 | 2,538,669 | -17,069,923 | 16,296,734 | -105,360 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -737,418 | 737,418 | |||||||
| Other Short Term Loans | |||||||||
| Long term loans | 231,216 | 1,070,166 | 1,916,199 | -28,960 | 740,944 | 361,597 | 19,375,555 | 36,428,461 | |
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | -4,689,681 | -5,464,615 | -5,760,936 | -3,436,227 | -3,943,571 | -4,329,700 | -4,882,555 | -1,456,465 | -6,019 |
| cash flow from financing | -4,458,465 | -4,394,449 | -3,844,737 | -3,465,187 | -3,202,627 | -3,968,103 | 14,493,000 | 34,234,578 | 731,400 |
| cash and cash equivalents | |||||||||
| cash | -532,896 | 34,467 | 331,651 | 167,025 | -332,672 | 554,951 | -2,690,730 | 3,510,854 | |
| overdraft | |||||||||
| change in cash | -532,896 | 34,467 | 331,651 | 167,025 | -332,672 | 554,951 | -2,690,730 | 3,510,854 |
turncole wind farm limited Credit Report and Business Information
Turncole Wind Farm Limited Competitor Analysis
Perform a competitor analysis for turncole wind farm limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.
turncole wind farm limited Ownership
TURNCOLE WIND FARM LIMITED group structure
Turncole Wind Farm Limited has no subsidiary companies.
Ultimate parent company
2 parents
TURNCOLE WIND FARM LIMITED
09069277
turncole wind farm limited directors
Turncole Wind Farm Limited currently has 2 directors. The longest serving directors include Mr David Mitchell (Sep 2024) and Mr Steven Muscat (Sep 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Mitchell | 61 years | Sep 2024 | - | Director | |
| Mr Steven Muscat | United Kingdom | 42 years | Sep 2024 | - | Director |
P&L
December 2023turnover
8.2m
+41%
operating profit
1.5m
-24%
gross margin
54.2%
+35.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-24.7m
+0.16%
total assets
38.3m
-0.11%
cash
1m
-0.34%
net assets
Total assets minus all liabilities
turncole wind farm limited company details
company number
09069277
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
newington house, 237 southwark bridge road, london, greater london, SE1 6NP
Bank
-
Legal Advisor
-
turncole wind farm 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 did not find charges/mortgages relating to turncole wind farm limited.
turncole wind farm limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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turncole wind farm limited Companies House Filings - See Documents
| date | description | view/download |
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