twinshiels wind farm ltd
twinshiels wind farm ltd Company Information
Company Number
SC390355
Website
http://eneco.co.ukRegistered Address
c/o eneco, ness house, dochfour business ce, inverness, IV3 8GY
Industry
Production of electricity
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
eneco uk limited 100%
twinshiels wind farm ltd Estimated Valuation
Pomanda estimates the enterprise value of TWINSHIELS WIND FARM LTD at £12.4m based on a Turnover of £6.6m and 1.88x industry multiple (adjusted for size and gross margin).
twinshiels wind farm ltd Estimated Valuation
Pomanda estimates the enterprise value of TWINSHIELS WIND FARM LTD at £29.7m based on an EBITDA of £5.2m and a 5.69x industry multiple (adjusted for size and gross margin).
twinshiels wind farm ltd Estimated Valuation
Pomanda estimates the enterprise value of TWINSHIELS WIND FARM LTD at £3.1m based on Net Assets of £1.2m and 2.69x industry multiple (adjusted for liquidity).
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Twinshiels Wind Farm Ltd Overview
Twinshiels Wind Farm Ltd is a live company located in inverness, IV3 8GY with a Companies House number of SC390355. It operates in the production of electricity sector, SIC Code 35110. Founded in December 2010, it's largest shareholder is eneco uk limited with a 100% stake. Twinshiels Wind Farm Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.6m with healthy growth in recent years.
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Twinshiels Wind Farm Ltd Health Check
Pomanda's financial health check has awarded Twinshiels Wind Farm Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
2 Weak
Size
annual sales of £6.6m, make it larger than the average company (£1.4m)
£6.6m - Twinshiels Wind Farm Ltd
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.2%)
7% - Twinshiels Wind Farm Ltd
7.2% - Industry AVG
Production
with a gross margin of 65.8%, this company has a comparable cost of product (69.5%)
65.8% - Twinshiels Wind Farm Ltd
69.5% - Industry AVG
Profitability
an operating margin of 45.8% make it as profitable than the average company (47.3%)
45.8% - Twinshiels Wind Farm Ltd
47.3% - Industry AVG
Employees
with 18 employees, this is above the industry average (2)
- Twinshiels Wind Farm Ltd
2 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Twinshiels Wind Farm Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £366.3k, this is equally as efficient (£375.2k)
- Twinshiels Wind Farm Ltd
£375.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Twinshiels Wind Farm Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (22 days)
2 days - Twinshiels Wind Farm Ltd
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Twinshiels Wind Farm Ltd
- - 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 - Twinshiels Wind Farm Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95%, this is a similar level of debt than the average (89.9%)
95% - Twinshiels Wind Farm Ltd
89.9% - Industry AVG
twinshiels wind farm ltd Credit Report and Business Information
Twinshiels Wind Farm Ltd Competitor Analysis
Perform a competitor analysis for twinshiels wind farm ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
twinshiels wind farm ltd Ownership
TWINSHIELS WIND FARM LTD group structure
Twinshiels Wind Farm Ltd has no subsidiary companies.
Ultimate parent company
ENECO GROUP NV
#0071098
2 parents
TWINSHIELS WIND FARM LTD
SC390355
twinshiels wind farm ltd directors
Twinshiels Wind Farm Ltd currently has 2 directors. The longest serving directors include Mr Jeroen Castelijn (Feb 2022) and Mr Johannes Castelijn (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeroen Castelijn | United Kingdom | 56 years | Feb 2022 | - | Director |
| Mr Johannes Castelijn | United Kingdom | 56 years | Feb 2022 | - | Director |
TWINSHIELS WIND FARM LTD financials
Twinshiels Wind Farm Ltd's latest turnover from March 2023 is £6.6 million and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Twinshiels Wind Farm Ltd has 18 employees and maintains cash reserves of £4.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,593,832 | 4,163,978 | 5,322,969 | 4,607,030 | 5,056,748 | 4,918,400 | 4,574,977 | 5,219,296 | 214,293 | 0 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 2,256,313 | 1,979,998 | 1,975,743 | 1,899,508 | 1,627,758 | 1,589,412 | 1,636,860 | 1,849,065 | 214,293 | 0 | ||
| Gross Profit | 4,337,519 | 2,183,980 | 3,347,226 | 2,707,522 | 3,428,990 | 3,328,988 | 2,938,117 | 3,370,231 | 0 | 0 | ||
| Admin Expenses | 1,319,218 | 982,218 | 1,017,137 | 1,172,445 | 1,419,879 | 1,268,028 | 1,254,698 | 1,146,609 | 20,610 | 537 | ||
| Operating Profit | 3,018,301 | 1,201,762 | 2,330,089 | 1,535,077 | 2,009,111 | 2,060,960 | 1,683,419 | 2,223,622 | -20,610 | -537 | ||
| Interest Payable | 1,363,600 | 1,207,650 | 1,351,064 | 1,500,080 | 1,507,194 | 1,737,110 | 1,874,254 | 1,909,821 | 2,728 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | 1,654,701 | -5,888 | 979,025 | 34,997 | 501,917 | 286,376 | -236,651 | 313,801 | -23,338 | -537 | ||
| Tax | -433,092 | -560,616 | -381,422 | -266,365 | -674,135 | -201,917 | 8,852 | 187,330 | 0 | 0 | ||
| Profit After Tax | 1,221,609 | -566,504 | 597,603 | -231,368 | -172,218 | 84,459 | -227,799 | 501,131 | -23,338 | -537 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 1,221,609 | -566,504 | 597,603 | -231,368 | -172,218 | 84,459 | -227,799 | 501,131 | -23,338 | -537 | ||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | ||||||||||||
| EBITDA* | 5,220,778 | 2,784,927 | 3,897,440 | 3,254,031 | 3,592,873 | 3,631,999 | 3,252,186 | 3,871,328 | -20,610 | -537 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 21,612,454 | 23,096,313 | 24,465,864 | 26,324,914 | 24,754,865 | 26,308,713 | 27,674,641 | 29,013,990 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240,642 | 207,424 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 160,270 | 128,229 | 393,491 | 327,989 | 242,240 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 21,612,454 | 23,096,313 | 24,626,134 | 26,324,914 | 24,754,865 | 26,308,713 | 27,674,641 | 29,013,990 | 0 | 0 | 240,642 | 207,424 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 93,434 |
| Trade Debtors | 0 | 0 | 0 | 626,090 | 704,462 | 510,438 | 430,836 | 553,096 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 278,120 | 233,745 | 0 | 0 | 0 | 4,363,991 | 4,363,991 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,775,946 | 1,066,141 | 923,479 | 959,230 | 1,264,338 | 1,318,396 | 1,120,825 | 1,250,893 | 0 | 0 | 0 | 49,163 |
| Cash | 4,175 | 359,448 | 616,329 | 319,391 | 829,123 | 513,918 | 9,769 | 176,096 | 0 | 0 | 0 | 1,032 |
| misc current assets | 2,341 | 0 | 18,884 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,782,462 | 1,703,709 | 1,792,437 | 1,904,711 | 2,797,923 | 2,342,752 | 5,925,421 | 6,344,076 | 0 | 0 | 0 | 143,629 |
| total assets | 23,394,916 | 24,800,022 | 26,418,571 | 28,229,625 | 27,552,788 | 28,651,465 | 33,600,062 | 35,358,066 | 0 | 0 | 240,642 | 351,053 |
| Bank overdraft | 0 | 0 | 0 | 1,711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,098 | 317,367 | 145,029 | 374,057 | 331,285 | 75,947 | 172,309 | 174,478 | 0 | 0 | 0 | 27,852 |
| Group/Directors Accounts | 158,811 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 256,917 | 323,138 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 139,712 | 70,461 | 115,819 | 109,353 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 437,146 | 122,786 | 372,774 | 219,659 | 392,687 | 308,249 | 441,794 | 464,492 | 0 | 0 | 7,500 | 500 |
| total current liabilities | 750,767 | 510,614 | 633,622 | 704,780 | 723,972 | 384,196 | 614,103 | 638,970 | 0 | 0 | 264,417 | 351,490 |
| loans | 14,525,961 | 17,975,961 | 19,575,961 | 6,629,700 | 0 | 0 | 0 | 33,418,382 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 3,677,975 | 3,213,657 | 3,271,950 | 3,314,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 29,610 | 173,782 | 0 | 22,175,961 | 24,575,961 | 26,594,954 | 31,701,848 | 159,108 | 0 | 0 | 0 | 0 |
| provisions | 3,247,332 | 3,106,906 | 2,263,066 | 4,013,566 | 3,501,776 | 2,127,570 | 1,673,642 | 812,479 | 0 | 0 | 0 | 0 |
| total long term liabilities | 21,480,878 | 24,470,306 | 25,110,977 | 27,497,594 | 26,326,849 | 27,658,739 | 32,538,669 | 34,389,969 | 0 | 0 | 0 | 0 |
| total liabilities | 22,231,645 | 24,980,920 | 25,744,599 | 28,202,374 | 27,050,821 | 28,042,935 | 33,152,772 | 35,028,939 | 0 | 0 | 264,417 | 351,490 |
| net assets | 1,163,271 | -180,898 | 673,972 | 27,251 | 501,967 | 608,530 | 447,290 | 329,127 | 0 | 0 | -23,775 | -437 |
| total shareholders funds | 1,163,271 | -180,898 | 673,972 | 27,251 | 501,967 | 608,530 | 447,290 | 329,127 | 0 | 0 | -23,775 | -437 |
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 3,018,301 | 1,201,762 | 2,330,089 | 1,535,077 | 2,009,111 | 2,060,960 | 1,683,419 | 2,223,622 | -20,610 | -537 | ||
| Depreciation | 2,202,477 | 1,583,165 | 1,567,351 | 1,718,954 | 1,583,762 | 1,571,039 | 1,568,767 | 1,647,706 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | -433,092 | -560,616 | -381,422 | -266,365 | -674,135 | -201,917 | 8,852 | 187,330 | 0 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -93,434 | 93,434 |
| Debtors | 1,775,946 | 26,767 | -396,055 | -648,742 | 205,468 | -4,001,069 | -10,088 | 6,167,980 | 0 | 0 | -49,163 | 49,163 |
| Creditors | 15,098 | 172,338 | -229,028 | 42,772 | 255,338 | -96,362 | -2,169 | 174,478 | 0 | 0 | -27,852 | 27,852 |
| Accruals and Deferred Income | 437,146 | -249,988 | 153,115 | -173,028 | 84,438 | -133,545 | -22,698 | 464,492 | 0 | -7,500 | 7,000 | 500 |
| Deferred Taxes & Provisions | 3,247,332 | 843,840 | -1,750,500 | 511,790 | 1,374,206 | 453,928 | 861,163 | 812,479 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,711,316 | 2,963,734 | 2,085,660 | 4,017,942 | 4,427,252 | 7,655,172 | 4,107,422 | -657,873 | -114,782 | |||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 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 | 0 | 0 |
| Group/Directors Accounts | 158,811 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -256,917 | -66,221 | 323,138 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 14,525,961 | -1,600,000 | 12,946,261 | 6,629,700 | 0 | 0 | -33,418,382 | 33,418,382 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 3,817,687 | -103,651 | -36,434 | 3,424,203 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 29,610 | 173,782 | -22,175,961 | -2,400,000 | -2,018,993 | -5,106,894 | 31,542,740 | 159,108 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | -1,363,600 | -1,207,650 | -1,351,064 | -1,500,080 | -1,507,194 | -1,737,110 | -1,874,254 | -1,909,821 | -2,728 | 0 | ||
| cash flow from financing | 17,110,131 | -3,025,885 | -10,568,080 | 5,910,475 | -3,460,532 | -6,767,223 | -3,403,934 | 31,495,665 | -68,949 | 323,238 | ||
| cash and cash equivalents | ||||||||||||
| cash | 4,175 | -256,881 | 296,938 | -509,732 | 315,205 | 504,149 | -166,327 | 176,096 | 0 | 0 | -1,032 | 1,032 |
| overdraft | 0 | 0 | -1,711 | 1,711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,175 | -256,881 | 298,649 | -511,443 | 315,205 | 504,149 | -166,327 | 176,096 | 0 | 0 | -1,032 | 1,032 |
P&L
March 2023turnover
6.6m
0%
operating profit
3m
0%
gross margin
65.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.2m
0%
total assets
23.4m
0%
cash
4.2k
0%
net assets
Total assets minus all liabilities
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twinshiels wind farm ltd company details
company number
SC390355
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
December 2010
age
14
accounts
Full Accounts
ultimate parent company
previous names
polar energy (renewables) ltd (March 2015)
incorporated
UK
address
c/o eneco, ness house, dochfour business ce, inverness, IV3 8GY
last accounts submitted
March 2023
twinshiels wind farm ltd 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 twinshiels wind farm ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
twinshiels wind farm ltd Companies House Filings - See Documents
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