WIND TURBINE ENGINEERING UK LIMITED Financials
- Company number
- 12712782CopyCopy
- Industry
- Manufacture of engines and turbines except aircraft vehicle and cycle engines (28.11 - SIC 2007)
- Registered office
- Ethos, Kings Road, Swansea SA1 8AS
- Incorporated
- 02/07/2020
Company snapshot
- Status
- Active
- Employees
- 21 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
24.17%vs 20232023: £-683.26K
Total Assets
85.02%vs 20232023: £533.20K
Cash in Bank
58.28%vs 20232023: £118.86K
Total Liabilities
25.13%vs 20232023: £1.07M
Employees
-5vs 20232023: 26
In 2024, WIND TURBINE ENGINEERING UK LIMITED reported net assets of £-518.14K. The same filing shows total assets of £986.51K, cash in bank of £188.13K and total liabilities of £1.33M. Reported headcount was 21 in 2024. Total Assets rose from £533.20K in 2023 to £986.51K in 2024 (85.02%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
24.17%from £-683.26K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures WIND TURBINE ENGINEERING UK LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Increasedvs 2022Cash in Bank
+170%vs 2022+64.3% a year compound (CAGR)
Total Assets
+22.3%vs 2022+10.6% a year compound (CAGR)
Total Liabilities
+4.6%vs 2022+2.3% a year compound (CAGR)
Employees
+50%vs 2022+7Biggest increase
Cash in Bank+170%
£69.69K in 2022 to £188.13K in 2024
Every indicator Okredo holds for WIND TURBINE ENGINEERING UK LIMITED rose between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from WIND TURBINE ENGINEERING UK LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -52.52%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 135.24%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 14.10%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 19.07%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for WIND TURBINE ENGINEERING UK LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | -144.66K | -668.05K | -683.26K | -518.14K |
| Total Assets£ | 100.00 | 806.48K | 533.20K | 986.51K |
| Cash in Bank£ | – | 69.69K | 118.86K | 188.13K |
| Total Liabilities£ | 144.76K | 1.28M | 1.07M | 1.33M |
| Employees | 7 | 14 | 26 | 21 |
WIND TURBINE ENGINEERING UK LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for WIND TURBINE ENGINEERING UK LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
WIND TURBINE ENGINEERING UK LIMITED reported net assets of £-518.14K for 2024. That compares with £-683.26K in 2023, a change of 24.17%.
WIND TURBINE ENGINEERING UK LIMITED reported total assets of £986.51K for 2024. That compares with £533.20K in 2023, a change of 85.02%.
WIND TURBINE ENGINEERING UK LIMITED reported cash in bank of £188.13K for 2024. That compares with £118.86K in 2023, a change of 58.28%.
WIND TURBINE ENGINEERING UK LIMITED reported 21 employees in 2024, compared with 26 in 2023.
Between 2022 and 2024, WIND TURBINE ENGINEERING UK LIMITED's cash in bank rose by 170%, total assets rose by 22.3%, total liabilities rose by 4.6% and employee numbers rose by 50%. Cash in bank compounded at 64.3% a year across the two years to 2024, from £69.69K to £188.13K. Reported headcount went from 14 in 2022 to 21 in 2024 (+7).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.