medium scale wind no.2 limited
medium scale wind no.2 limited Company Information
Company Number
SC405361
Next Accounts
Sep 2025
Shareholders
uk renewables energy group limited
Group Structure
View All
Industry
Production of electricity
Registered Address
international house, 38 thistle street, edinburgh, EH2 1EN
Website
avivainvestors.commedium scale wind no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIUM SCALE WIND NO.2 LIMITED at £12.3m based on a Turnover of £6m and 2.04x industry multiple (adjusted for size and gross margin).
medium scale wind no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIUM SCALE WIND NO.2 LIMITED at £27m based on an EBITDA of £4.6m and a 5.8x industry multiple (adjusted for size and gross margin).
medium scale wind no.2 limited Estimated Valuation
Pomanda estimates the enterprise value of MEDIUM SCALE WIND NO.2 LIMITED at £0 based on Net Assets of £-842.8k and 2.63x industry multiple (adjusted for liquidity).
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Medium Scale Wind No.2 Limited Overview
Medium Scale Wind No.2 Limited is a live company located in edinburgh, EH2 1EN with a Companies House number of SC405361. It operates in the production of electricity sector, SIC Code 35110. Founded in August 2011, it's largest shareholder is uk renewables energy group limited with a 100% stake. Medium Scale Wind No.2 Limited is a established, mid sized company, Pomanda has estimated its turnover at £6m with high growth in recent years.
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Medium Scale Wind No.2 Limited Health Check
Pomanda's financial health check has awarded Medium Scale Wind No.2 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £6m, make it larger than the average company (£1.8m)
£6m - Medium Scale Wind No.2 Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (10.8%)
26% - Medium Scale Wind No.2 Limited
10.8% - Industry AVG
Production
with a gross margin of 71%, this company has a comparable cost of product (71%)
71% - Medium Scale Wind No.2 Limited
71% - Industry AVG
Profitability
an operating margin of 45.6% make it as profitable than the average company (51.1%)
45.6% - Medium Scale Wind No.2 Limited
51.1% - Industry AVG
Employees
with 14 employees, this is above the industry average (3)
- Medium Scale Wind No.2 Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Medium Scale Wind No.2 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £430.1k, this is equally as efficient (£449.6k)
- Medium Scale Wind No.2 Limited
£449.6k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (16 days)
1 days - Medium Scale Wind No.2 Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (21 days)
13 days - Medium Scale Wind No.2 Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Medium Scale Wind No.2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (9 weeks)
3 weeks - Medium Scale Wind No.2 Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.3%, this is a higher level of debt than the average (90%)
103.3% - Medium Scale Wind No.2 Limited
90% - Industry AVG
MEDIUM SCALE WIND NO.2 LIMITED financials
Medium Scale Wind No.2 Limited's latest turnover from December 2023 is £6 million and the company has net assets of -£842.8 thousand. According to their latest financial statements, we estimate that Medium Scale Wind No.2 Limited has 14 employees and maintains cash reserves of £959.6 thousand 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 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,021,883 | 4,524,548 | 3,001,486 | 3,007,457 | 2,087,385 | 1,227,467 | 172,613 | 216,027 | ||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | 2,745,054 | 1,559,893 | 43,571 | 838,871 | 255,284 | -195,271 | -381,455 | 56,395 | ||||
| Interest Payable | 598,890 | 745,418 | 886,716 | 452,053 | 520,855 | 542,259 | 74,212 | 48,166 | ||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | 2,146,164 | 814,475 | -843,145 | 386,818 | -265,571 | -737,530 | -436,608 | 8,229 | ||||
| Tax | -791,044 | -440,443 | -226,770 | -488,800 | -69,186 | 84,526 | 1,445 | -11,374 | ||||
| Profit After Tax | 1,355,120 | 374,032 | -1,069,915 | -101,982 | -334,757 | -653,004 | -435,163 | -3,145 | ||||
| Dividends Paid | ||||||||||||
| Retained Profit | 1,355,120 | 374,032 | -1,069,915 | -101,982 | -334,757 | -653,004 | -435,163 | -3,145 | ||||
| Employee Costs | ||||||||||||
| Number Of Employees | ||||||||||||
| EBITDA* | 4,648,566 | 3,463,405 | 1,945,772 | 2,255,503 | 1,324,676 | 584,997 | -339,230 | 139,260 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 23,686,624 | 25,590,136 | 27,493,648 | 29,345,658 | 16,767,094 | 17,836,486 | 673,263 | 1,400,536 | ||||
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | 20,000 | |||||||||||
| Total Fixed Assets | 23,686,624 | 25,590,136 | 27,493,648 | 29,345,658 | 16,767,094 | 17,856,486 | 673,263 | 1,400,536 | ||||
| Stock & work in progress | ||||||||||||
| Trade Debtors | 25,688 | 16,157 | 155,277 | 16,652 | 8,324 | 12,561 | 2,188 | |||||
| Group Debtors | 99,373 | 41,307 | ||||||||||
| Misc Debtors | 1,133,890 | 1,400,511 | 1,187,309 | 1,156,796 | 606,463 | 600,325 | 83,654 | 60,805 | ||||
| Cash | 959,559 | 1,501,204 | 622,942 | 179,962 | 413,053 | 463,388 | 11,243 | 1 | 1 | 1 | ||
| misc current assets | ||||||||||||
| total current assets | 2,218,510 | 2,917,872 | 1,965,528 | 1,353,410 | 1,069,147 | 1,076,274 | 97,085 | 60,806 | 1 | 1 | ||
| total assets | 25,905,134 | 28,508,008 | 29,459,176 | 30,699,068 | 17,836,241 | 18,932,760 | 770,348 | 1,461,342 | 1 | 1 | ||
| Bank overdraft | 5 | |||||||||||
| Bank loan | 128,983 | |||||||||||
| Trade Creditors | 66,358 | 80,999 | 75,603 | 64,987 | 45,185 | 47,650 | 2,070 | 8,000 | ||||
| Group/Directors Accounts | 15,281,949 | 19,931,422 | 20,785,255 | 20,874,133 | 9,568,378 | 9,558,409 | 14,719 | 587,953 | ||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 513,266 | 189,714 | 186,615 | 239,287 | 714,042 | 574,250 | 53,603 | 6,161 | ||||
| total current liabilities | 15,861,573 | 20,202,135 | 21,047,473 | 21,178,407 | 10,327,605 | 10,180,309 | 70,397 | 731,097 | ||||
| loans | 9,712,491 | 9,470,672 | 10,136,810 | 10,404,469 | 8,774,413 | 9,699,569 | 1,112,884 | 722,015 | ||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 1,173,883 | 1,033,134 | 846,858 | 618,242 | 160,291 | 144,193 | 25,374 | 11,374 | ||||
| total long term liabilities | 10,886,374 | 10,503,806 | 10,983,668 | 11,022,711 | 8,934,704 | 9,843,762 | 1,138,258 | 733,389 | ||||
| total liabilities | 26,747,947 | 30,705,941 | 32,031,141 | 32,201,118 | 19,262,309 | 20,024,071 | 1,208,655 | 1,464,486 | ||||
| net assets | -842,813 | -2,197,933 | -2,571,965 | -1,502,050 | -1,426,068 | -1,091,311 | -438,307 | -3,144 | 1 | 1 | ||
| total shareholders funds | -842,813 | -2,197,933 | -2,571,965 | -1,502,050 | -1,426,068 | -1,091,311 | -438,307 | -3,144 | 1 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 2,745,054 | 1,559,893 | 43,571 | 838,871 | 255,284 | -195,271 | -381,455 | 56,395 | ||||
| Depreciation | 1,903,512 | 1,903,512 | 1,902,201 | 1,416,632 | 1,069,392 | 780,268 | 42,225 | 82,865 | ||||
| Amortisation | ||||||||||||
| Tax | -791,044 | -440,443 | -226,770 | -488,800 | -69,186 | 84,526 | 1,445 | -11,374 | ||||
| Stock | ||||||||||||
| Debtors | -157,717 | 74,082 | 169,138 | 517,354 | 23,208 | 547,044 | 25,037 | 60,805 | ||||
| Creditors | -14,641 | 5,396 | 10,616 | 19,802 | -2,465 | 45,580 | -5,930 | 8,000 | ||||
| Accruals and Deferred Income | 323,552 | 3,099 | -52,672 | -474,755 | 139,792 | 520,647 | 47,442 | 6,161 | ||||
| Deferred Taxes & Provisions | 140,749 | 186,276 | 228,616 | 457,951 | 16,098 | 118,819 | 14,000 | 11,374 | ||||
| Cash flow from operations | 4,464,899 | 3,143,651 | 1,736,424 | 1,252,347 | 1,385,707 | 807,525 | -307,310 | 92,616 | ||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | -128,983 | 128,983 | ||||||||||
| Group/Directors Accounts | -4,649,473 | -853,833 | -88,878 | 11,305,755 | 9,969 | 9,543,690 | -573,234 | 587,953 | ||||
| Other Short Term Loans | ||||||||||||
| Long term loans | 241,819 | -666,138 | -267,659 | 1,630,056 | -925,156 | 8,586,685 | 390,869 | 722,015 | ||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -598,890 | -745,418 | -886,716 | -452,053 | -520,855 | -542,259 | -74,212 | -48,166 | ||||
| cash flow from financing | -5,006,544 | -2,265,389 | -1,243,253 | 12,509,758 | -1,436,042 | 17,588,116 | -385,560 | 1,390,785 | ||||
| cash and cash equivalents | ||||||||||||
| cash | -541,645 | 878,262 | 442,980 | -233,091 | -50,335 | 452,145 | 11,242 | 1 | ||||
| overdraft | -5 | 5 | ||||||||||
| change in cash | -541,645 | 878,262 | 442,980 | -233,091 | -50,335 | 452,150 | 11,237 | 1 |
medium scale wind no.2 limited Credit Report and Business Information
Medium Scale Wind No.2 Limited Competitor Analysis
Perform a competitor analysis for medium scale wind no.2 limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in EH2 area or any other competitors across 12 key performance metrics.
medium scale wind no.2 limited Ownership
MEDIUM SCALE WIND NO.2 LIMITED group structure
Medium Scale Wind No.2 Limited has no subsidiary companies.
Ultimate parent company
1 parent
MEDIUM SCALE WIND NO.2 LIMITED
SC405361
medium scale wind no.2 limited directors
Medium Scale Wind No.2 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
6m
+33%
operating profit
2.7m
+76%
gross margin
71%
+1.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-842.8k
-0.62%
total assets
25.9m
-0.09%
cash
959.6k
-0.36%
net assets
Total assets minus all liabilities
medium scale wind no.2 limited company details
company number
SC405361
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
August 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
ili (letham) limited (April 2018)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
international house, 38 thistle street, edinburgh, EH2 1EN
Bank
-
Legal Advisor
-
medium scale wind no.2 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 medium scale wind no.2 limited.
medium scale wind no.2 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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medium scale wind no.2 limited Companies House Filings - See Documents
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