renewable connections developments limited
renewable connections developments limited Company Information
Company Number
12351905
Next Accounts
Sep 2025
Shareholders
rivington energy limited
Group Structure
View All
Industry
Construction of utility projects for electricity and telecommunications
Registered Address
level 4 ldn:w, 3 noble street, london, EC2V 7EE
Website
armstrongcapital.co.ukrenewable connections developments limited Estimated Valuation
Pomanda estimates the enterprise value of RENEWABLE CONNECTIONS DEVELOPMENTS LIMITED at £707.4k based on a Turnover of £3.1m and 0.23x industry multiple (adjusted for size and gross margin).
renewable connections developments limited Estimated Valuation
Pomanda estimates the enterprise value of RENEWABLE CONNECTIONS DEVELOPMENTS LIMITED at £608.4k based on an EBITDA of £178.7k and a 3.4x industry multiple (adjusted for size and gross margin).
renewable connections developments limited Estimated Valuation
Pomanda estimates the enterprise value of RENEWABLE CONNECTIONS DEVELOPMENTS LIMITED at £0 based on Net Assets of £-852.8k and 2x industry multiple (adjusted for liquidity).
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Renewable Connections Developments Limited Overview
Renewable Connections Developments Limited is a live company located in london, EC2V 7EE with a Companies House number of 12351905. It operates in the construction of utility projects for electricity and telecommunications sector, SIC Code 42220. Founded in December 2019, it's largest shareholder is rivington energy limited with a 100% stake. Renewable Connections Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £3.1m with healthy growth in recent years.
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Renewable Connections Developments Limited Health Check
Pomanda's financial health check has awarded Renewable Connections Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£5.4m)
- Renewable Connections Developments Limited
£5.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (15.1%)
- Renewable Connections Developments Limited
15.1% - Industry AVG
Production
with a gross margin of 33.4%, this company has a comparable cost of product (33.4%)
- Renewable Connections Developments Limited
33.4% - Industry AVG
Profitability
an operating margin of 5.6% make it less profitable than the average company (8.8%)
- Renewable Connections Developments Limited
8.8% - Industry AVG
Employees
with 23 employees, this is above the industry average (17)
23 - Renewable Connections Developments Limited
17 - Industry AVG
Pay Structure
on an average salary of £54.5k, the company has an equivalent pay structure (£54.5k)
- Renewable Connections Developments Limited
£54.5k - Industry AVG
Efficiency
resulting in sales per employee of £136.3k, this is less efficient (£261.9k)
- Renewable Connections Developments Limited
£261.9k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (40 days)
- Renewable Connections Developments Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (29 days)
- Renewable Connections Developments Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 34 days, this is more than average (13 days)
- Renewable Connections Developments Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (16 weeks)
18 weeks - Renewable Connections Developments Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 149.8%, this is a higher level of debt than the average (81%)
149.8% - Renewable Connections Developments Limited
81% - Industry AVG
RENEWABLE CONNECTIONS DEVELOPMENTS LIMITED financials
Renewable Connections Developments Limited's latest turnover from December 2023 is estimated at £3.1 million and the company has net assets of -£852.8 thousand. According to their latest financial statements, Renewable Connections Developments Limited has 23 employees and maintains cash reserves of £886.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| 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 | 23 | 16 | 14 | 11 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 21,873 | 1,228 | 1,710 | 1,960 |
| Intangible Assets | ||||
| Investments & Other | 239 | 1 | ||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 22,112 | 1,228 | 1,710 | 1,961 |
| Stock & work in progress | 199,376 | 53,357 | ||
| Trade Debtors | 115,908 | 50,292 | 227,636 | |
| Group Debtors | 311,808 | 13,335 | 284,679 | |
| Misc Debtors | 177,951 | 260,580 | 276,641 | |
| Cash | 886,584 | 93,818 | 81,837 | 167,821 |
| misc current assets | ||||
| total current assets | 1,691,627 | 471,382 | 643,157 | 395,457 |
| total assets | 1,713,739 | 472,610 | 644,867 | 397,418 |
| Bank overdraft | 90,000 | 90,000 | 52,500 | |
| Bank loan | ||||
| Trade Creditors | 310,873 | 54,052 | 91,979 | 346,737 |
| Group/Directors Accounts | 1,581,507 | 728,158 | 20,160 | |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 546,684 | 461,522 | 284,504 | |
| total current liabilities | 2,529,064 | 1,333,732 | 449,143 | 346,737 |
| loans | 37,500 | 127,500 | 217,770 | |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | 37,500 | 127,500 | 217,770 | |
| total liabilities | 2,566,564 | 1,461,232 | 666,913 | 346,737 |
| net assets | -852,825 | -988,622 | -22,046 | 50,681 |
| total shareholders funds | -852,825 | -988,622 | -22,046 | 50,681 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 4,016 | 500 | 250 | 500 |
| Amortisation | ||||
| Tax | ||||
| Stock | 146,019 | 53,357 | ||
| Debtors | 281,460 | -237,113 | 333,684 | 227,636 |
| Creditors | 256,821 | -37,927 | -254,758 | 346,737 |
| Accruals and Deferred Income | 85,162 | 177,018 | 284,504 | |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 239 | -1 | 1 | |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 853,349 | 707,998 | 20,160 | |
| Other Short Term Loans | ||||
| Long term loans | -90,000 | -90,270 | 217,770 | |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 792,766 | 11,981 | -85,984 | 167,821 |
| overdraft | 37,500 | 52,500 | ||
| change in cash | 792,766 | -25,519 | -138,484 | 167,821 |
renewable connections developments limited Credit Report and Business Information
Renewable Connections Developments Limited Competitor Analysis
Perform a competitor analysis for renewable connections developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EC2V area or any other competitors across 12 key performance metrics.
renewable connections developments limited Ownership
RENEWABLE CONNECTIONS DEVELOPMENTS LIMITED group structure
Renewable Connections Developments Limited has 12 subsidiary companies.
Ultimate parent company
2 parents
RENEWABLE CONNECTIONS DEVELOPMENTS LIMITED
12351905
12 subsidiaries
renewable connections developments limited directors
Renewable Connections Developments Limited currently has 4 directors. The longest serving directors include Mr Michael Hughes (Dec 2019) and Mr Michael Hughes (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Hughes | England | 50 years | Dec 2019 | - | Director |
| Mr Michael Hughes | England | 50 years | Dec 2019 | - | Director |
| Mr Jonathan Plumb | England | 36 years | Jan 2023 | - | Director |
| Mr Andrew Newman | England | 53 years | Jan 2024 | - | Director |
P&L
December 2023turnover
3.1m
+123%
operating profit
174.7k
0%
gross margin
33.4%
+16.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-852.8k
-0.14%
total assets
1.7m
+2.63%
cash
886.6k
+8.45%
net assets
Total assets minus all liabilities
renewable connections developments limited company details
company number
12351905
Type
Private limited with Share Capital
industry
42220 - Construction of utility projects for electricity and telecommunications
incorporation date
December 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
level 4 ldn:w, 3 noble street, london, EC2V 7EE
Bank
-
Legal Advisor
-
renewable connections developments 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 renewable connections developments limited. Currently there are 1 open charges and 1 have been satisfied in the past.
renewable connections developments 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.
Click to start generating capital raising & share issue transactions for RENEWABLE CONNECTIONS DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
renewable connections developments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
