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GEOTHERMAL ENGINEERING LIMITED

Active Redruth

Production of electricity

13 employees Website
Environment, agriculture and waste Production of electricityConstruction of utility projects for electricity and telecommunications +1
G

GEOTHERMAL ENGINEERING LIMITED

Production of electricity

Founded 4 Aug 2008 Active Redruth, England 13 employees geothermalengineering.co.uk
Environment, agriculture and waste Production of electricityConstruction of utility projects for electricity and telecommunicationsTest drilling and boring
Accounts Submitted
Confirmation Statement Submitted
Net assets £-3.16M £1.13M 2024 year on year
Total assets £3.67M £541.28K 2024 year on year
Total Liabilities £6.83M £593.37K 2024 year on year
Charges 2
2 satisfied

AI Analysis

AI Analysis

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Contact & Details

Contact

Update Details

Registered Address

United Downs Industrial Estate St Day Redruth Cornwall TR16 5HY England

Office (Falmouth)

Falmouth Business Park, Bickland Water Rd, Falmouth TR11 4SZ

Telephone

00441326331920

Credit Report

Discover GEOTHERMAL ENGINEERING LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

See All Mutual Companies

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2014–2024)

Cash in Bank

£30.73k

Decreased by £549.60k (-95%)

Net Assets

-£3.16M

Decreased by £1.13M (-56%)

Total Liabilities

£6.83M

Increased by £593.37k (+10%)

Turnover

N/A

Employees

13

Increased by 4 (+44%)

Debt Ratio

186%

Increased by 38 (+26%)
See 10 Year Full Financials

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

£120k awarded
Show:

Investors (0)

No investor information available

Share Capital

Share Capital

Share allotments and capital structure

10 Allotments 32,848 Shares £185.31m Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
27 Aug 2025875£525k£600.31
27 Aug 202576£275.12£3.62
27 Aug 20255,799£4.12m£710.73
27 Aug 202516,059£11.44m£712.33
27 Aug 2025557£827k£1k

Officers

Officers

5 active 7 resigned
Status
Andre An-chun ChengDirectorAmericanHong Kong3827 Aug 2025Active
Jules Van LimborghDirectorDutchEngland6730 Apr 2024Active
Matthew Thomas ClaytonDirectorBritishEngland5027 Aug 2025Active
Ryan LawDirectorBritishEngland544 Aug 2008Active
Simon James EllisonSecretaryUnknownUnknown—27 Aug 2025Active

Shareholders

Shareholders (7)

Ryan Law
55.4%
5,06513 Aug 2024
Jonathan Beynon
6.6%
60013 Aug 2024
Tony Wilson
0.4%
3513 Aug 2024

Persons with Significant Control

Persons with Significant Control (2)

2 Active 1 Ceased

Cx Geothermal Ltd

United Kingdom

Active
Notified 27 Aug 2025
Nature of Control
  • Ownership Of Shares 50 To 75 Percent
  • Voting Rights 50 To 75 Percent
  • Right To Appoint And Remove Directors

Thrive Renewables Plc

United Kingdom

Active
Notified 27 Aug 2025
Nature of Control
  • Ownership Of Shares 25 To 50 Percent
  • Voting Rights 25 To 50 Percent

Ryan Law

Ceased 27 Aug 2025

Ceased
See All Controllers

Group Structure

Group Structure

CX GEOTHERMAL LIMITED united kingdom
THRIVE RENEWABLES PLC united kingdom
GEOTHERMAL ENGINEERING LIMITED Current Company
GEOGEN LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
GEON ENERGY LIMITED united kingdom shares 50 to 75 percent, voting rights 50 to 75 percent
UNITED DOWNS GEOTHERMAL LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
UNITED DOWNS LITHIUM LIMITED united kingdom shares 25 to 50 percent, shares 75 to 100 percent as firm, voting rights 25 to 50 percent, voting rights 75 to 100 percent as firm, appoint/remove directors

Charges

Charges

2 satisfied

Documents

Company Filings

DateCategoryDescriptionDocument
12 Sept 2025CapitalCapital Name Of Class Of SharesView(2 pages)
12 Sept 2025CapitalCapital Variation Of Rights Attached To SharesView(2 pages)
12 Sept 2025CapitalCapital Name Of Class Of SharesView(2 pages)
12 Sept 2025ResolutionResolutionsView(49 pages)
12 Sept 2025CapitalCapital Variation Of Rights Attached To SharesView(2 pages)
12 Sept 2025 Capital

Capital Name Of Class Of Shares

View Document(2 pages)
12 Sept 2025 Capital

Capital Variation Of Rights Attached To Shares

View Document(2 pages)
12 Sept 2025 Capital

Capital Name Of Class Of Shares

View Document(2 pages)
12 Sept 2025 Resolution

Resolutions

View Document(49 pages)
12 Sept 2025 Capital

Capital Variation Of Rights Attached To Shares

View Document(2 pages)

Recent Activity

Latest Activity

Capital Name Of Class Of Shares

5 months ago on 12 Sept 2025

Capital Variation Of Rights Attached To Shares

5 months ago on 12 Sept 2025

Capital Name Of Class Of Shares

5 months ago on 12 Sept 2025

Resolutions

5 months ago on 12 Sept 2025

Capital Variation Of Rights Attached To Shares

5 months ago on 12 Sept 2025