United Downs Geothermal Limited
10868073
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2025
total exemption full
Next accounts due
30/09/2027
Confirmation statement
Last: 16/07/2025
Due 30/07/2026
Industry
Officers
director · Since 15/01/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 50
Also on 49 other boards
director · Since 24/02/2023
DIRECTOR
DUTCH · ENGLAND · Age 67
Also on 7 other boards
secretary · Since 27/08/2025
Persons with Significant Control
Geothermal Engineering Ltd
Geothermal Engineering Ltd, United Downs Industrial Park, Redruth, TR16 5HY
Reg: 06663174 · Uk Register Of Companies · Private Limited Company
Notified 27/08/2025
Former PSCs
Mr Ryan Law
Ceased 08/03/2023
Geothermal Engineering Limited
Ceased 08/03/2023
Thrive Renewables Plc
Ceased 27/08/2025
Cx Geothermal Limited
Ceased 27/08/2025
Charges1 outstanding
ABN AMRO HYBRID CAPITAL B.V.
ABUNDANCE SECURITY TRUSTEE LIMITED
CompanyRankvs 3810+ SIC 42220 peers61
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
£13.1M
Balance sheet strength
Cash
£1.3M
Cash in the bank
Profit Before Tax
-£999k
Bottom line earnings
Net Current Assets
£13.1M
Working capital
Current Assets
£13.3M
Current Liabilities
£156k
Fixed Assets
£13.3M
Debtors
£12.0M
Admin Expenses
£221k
Operating Profit
-£221k
Profit After Tax
-£999k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 85.07 | -£999k |
| 2023 | 146.49 | +£14.6M |
| 2022 | 123.72 | -£454k |
| 2021 | Infinity | -£24k |
| 2020 | 255.42 | — |
Derived from filed accounts. Not audited figures.