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Renewable Connections Developments Limited

12351905

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

20 CENTRAL AVENUE, NORWICH, NR7 0HR
Incorporated 06/12/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42220
Construction of utility projects for electricity and telecommunications

Officers

Mr Michael John Hughes

director · Since 06/12/2019

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 82 other boards

Andrew Charles Newman Newman

director · Since 12/01/2024

DIRECTOR

BRITISH · ENGLAND · Age 55

Persons with Significant Control

Rivington Energy Limited

75–100% shares
75–100% votes

20, Central Avenue, Norwich, NR7 0HR

Reg: 13873345 · Registrar Of Companies · Limited

Notified 26/01/2023

Former PSCs

Armstrong Capital Management Limited

Ceased 06/01/2020

Renewable Connections Holdings Limited

Ceased 26/01/2023

Charges0 outstanding

Charge
satisfied

PROVEN LEGACY LIMITED

Created 24/03/2023Registered 29/03/2023Satisfied 07/04/2025
Charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 23/04/2021Registered 12/05/2021Satisfied 14/03/2025

CompanyRankvs 20180+ SIC 42220 peers
39

Financial strength0th percentile among SIC peers · 0/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.31× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

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

-£3.6M

Balance sheet strength

Cash

£124k

Cash in the bank

Net Current Assets

-£3.6M

Working capital

Current Assets

£1.6M

Current Liabilities

£5.2M

Fixed Assets

£23k

Debtors

£907k

29avg. employees+6

Balance Sheet

Assets less current liabilities-£3.6M

EstimatesDerived

YearCurrent RatioImplied Profit
20240.31-£2.8M
20230.67+£136k
20220.35-£967k
20210.96-£73k
20201.14

Derived from filed accounts. Not audited figures.