renewable asset limited
renewable asset limited Company Information
Company Number
NI615617
Next Accounts
Dec 2024
Industry
Production of electricity
Shareholders
brooke energy group limited
Group Structure
View All
Contact
Registered Address
c/o rsm the ewart, 3 bedford square, belfast, BT2 7EP
Website
skyfall-energy.comrenewable asset limited Estimated Valuation
Pomanda estimates the enterprise value of RENEWABLE ASSET LIMITED at £4.1m based on a Turnover of £2.7m and 1.53x industry multiple (adjusted for size and gross margin).
renewable asset limited Estimated Valuation
Pomanda estimates the enterprise value of RENEWABLE ASSET LIMITED at £0 based on an EBITDA of £-196k and a 4.61x industry multiple (adjusted for size and gross margin).
renewable asset limited Estimated Valuation
Pomanda estimates the enterprise value of RENEWABLE ASSET LIMITED at £0 based on Net Assets of £-238.9k and 2.8x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Renewable Asset Limited Overview
Renewable Asset Limited is a live company located in belfast, BT2 7EP with a Companies House number of NI615617. It operates in the production of electricity sector, SIC Code 35110. Founded in November 2012, it's largest shareholder is brooke energy group limited with a 100% stake. Renewable Asset Limited is a established, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Renewable Asset Limited Health Check
Pomanda's financial health check has awarded Renewable Asset Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £2.7m, make it larger than the average company (£1.4m)
- Renewable Asset Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.2%)
- Renewable Asset Limited
7.2% - Industry AVG
Production
with a gross margin of 69.4%, this company has a comparable cost of product (69.4%)
- Renewable Asset Limited
69.4% - Industry AVG
Profitability
an operating margin of -7.7% make it less profitable than the average company (46.9%)
- Renewable Asset Limited
46.9% - Industry AVG
Employees
with 7 employees, this is above the industry average (2)
- Renewable Asset Limited
2 - Industry AVG
Pay Structure
on an average salary of £71k, the company has an equivalent pay structure (£71k)
- Renewable Asset Limited
£71k - Industry AVG
Efficiency
resulting in sales per employee of £383.1k, this is equally as efficient (£410.5k)
- Renewable Asset Limited
£410.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Renewable Asset Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 241 days, this is slower than average (22 days)
- Renewable Asset Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Renewable Asset Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Renewable Asset Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.2%, this is a higher level of debt than the average (90.2%)
104.2% - Renewable Asset Limited
90.2% - Industry AVG
RENEWABLE ASSET LIMITED financials
Renewable Asset Limited's latest turnover from March 2023 is estimated at £2.7 million and the company has net assets of -£238.9 thousand. According to their latest financial statements, we estimate that Renewable Asset Limited has 7 employees and maintains cash reserves of £3.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 4 | 4 | 3 | 2 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,077,914 | 65,869 | 130,125 | 5,397,147 | 5,865,388 | 6,582,286 | 6,899,618 | 3,384,242 | 370,802 | 143,441 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 270,279 | 139,918 | 0 | 0 | 0 |
| Total Fixed Assets | 5,077,914 | 65,869 | 130,125 | 5,397,147 | 5,865,388 | 6,852,565 | 7,039,536 | 3,384,242 | 370,802 | 143,441 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 6,000 | 0 | 0 | 75,685 | 25,739 | 8,334 | 487 | 40,678 | 53,945 |
| Group Debtors | 79,500 | 138,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 522,931 | 246,150 | 61,297 | 837,136 | 338,576 | 244,858 | 115,144 | 158,332 | 0 | 0 |
| Cash | 3,754 | 23,708 | 134 | 13,332 | 566,857 | 154,751 | 285,991 | 3,446,019 | 6,201,940 | 4,328,560 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 606,185 | 413,858 | 61,431 | 850,468 | 981,118 | 425,348 | 409,469 | 3,604,838 | 6,242,618 | 4,382,505 |
| total assets | 5,684,099 | 479,727 | 191,556 | 6,247,615 | 6,846,506 | 7,277,913 | 7,449,005 | 6,989,080 | 6,613,420 | 4,525,946 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 499,000 | 499,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 542,848 | 118,510 | 129,682 | 593,972 | 432,120 | 1,029,602 | 676,682 | 483,353 | 125,203 | 11,215 |
| Group/Directors Accounts | 5,380,117 | 391,887 | 253,170 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 10,095 | 11,895 | 11,894 | 11,894 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 2,911 | 0 | 19,934 | 46,613 | 194,582 | 81,237 | 16,311 | 0 | 0 |
| total current liabilities | 5,922,965 | 513,308 | 392,947 | 625,801 | 490,627 | 1,735,078 | 1,256,919 | 499,664 | 125,203 | 11,215 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 7,788 | 19,683 | 31,720 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 43,615 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76,007 | 74,160 | 28,688 |
| total long term liabilities | 0 | 0 | 0 | 7,788 | 19,683 | 31,720 | 43,615 | 76,007 | 74,160 | 28,688 |
| total liabilities | 5,922,965 | 513,308 | 392,947 | 633,589 | 510,310 | 1,766,798 | 1,300,534 | 575,671 | 199,363 | 39,903 |
| net assets | -238,866 | -33,581 | -201,391 | 5,614,026 | 6,336,196 | 5,511,115 | 6,148,471 | 6,413,409 | 6,414,057 | 4,486,043 |
| total shareholders funds | -238,866 | -33,581 | -201,391 | 5,614,026 | 6,336,196 | 5,511,115 | 6,148,471 | 6,413,409 | 6,414,057 | 4,486,043 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 9,904 | 22,911 | 119,791 | 459,946 | 470,055 | 472,830 | 172,563 | 20,067 | 10,441 | 7,550 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 212,281 | 328,853 | -775,839 | 422,875 | -126,615 | 277,480 | 104,577 | 118,141 | -13,267 | 53,945 |
| Creditors | 424,338 | -11,172 | -464,290 | 161,852 | -597,482 | 352,920 | 193,329 | 358,150 | 113,988 | 11,215 |
| Accruals and Deferred Income | -2,911 | 2,911 | -19,934 | -26,679 | -147,969 | 113,345 | 64,926 | 16,311 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -76,007 | 1,847 | 45,472 | 28,688 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 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 |
| Group/Directors Accounts | 4,988,230 | 138,717 | 253,170 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -10,095 | -9,588 | -11,894 | -12,037 | 43,614 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -43,615 | 43,615 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -19,954 | 23,574 | -13,198 | -553,525 | 412,106 | -131,240 | -3,160,028 | -2,755,921 | 1,873,380 | 4,328,560 |
| overdraft | 0 | 0 | 0 | 0 | -499,000 | 0 | 499,000 | 0 | 0 | 0 |
| change in cash | -19,954 | 23,574 | -13,198 | -553,525 | 911,106 | -131,240 | -3,659,028 | -2,755,921 | 1,873,380 | 4,328,560 |
renewable asset limited Credit Report and Business Information
Renewable Asset Limited Competitor Analysis
Perform a competitor analysis for renewable asset limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in BT2 area or any other competitors across 12 key performance metrics.
renewable asset limited Ownership
RENEWABLE ASSET LIMITED group structure
Renewable Asset Limited has no subsidiary companies.
Ultimate parent company
RENEWABLE ASSET LIMITED
NI615617
renewable asset limited directors
Renewable Asset Limited currently has 3 directors. The longest serving directors include Mr Timothy Ayres (Jul 2020) and Mr Mark Heuff (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Ayres | 44 years | Jul 2020 | - | Director | |
| Mr Mark Heuff | United Kingdom | 45 years | Mar 2022 | - | Director |
| Mr Troy Stuart | England | 55 years | Oct 2022 | - | Director |
P&L
March 2023turnover
2.7m
+760%
operating profit
-205.9k
0%
gross margin
69.5%
+9.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-238.9k
+6.11%
total assets
5.7m
+10.85%
cash
3.8k
-0.84%
net assets
Total assets minus all liabilities
Similar Companies
renewable asset limited company details
company number
NI615617
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
November 2012
age
12
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
c/o rsm the ewart, 3 bedford square, belfast, BT2 7EP
Bank
HSBC BANK PLC
Legal Advisor
-
renewable asset 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 1 charges/mortgages relating to renewable asset limited. Currently there are 1 open charges and 0 have been satisfied in the past.
renewable asset 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 ASSET LIMITED. This can take several minutes, an email will notify you when this has completed.
renewable asset limited Companies House Filings - See Documents
| date | description | view/download |
|---|
