UNITED DOWNS GEOTHERMAL LIMITED - Profile & Financials

Accounts Submitted 18 Aug 2025

Confirmation Statement Submitted 31 Jul 2025

Net assets £14.05M £14.60M 2023 year on year

Total assets £20.54M £17.63M 2023 year on year

Total Liabilities £6.49M £3.04M 2023 year on year

Charges 1

1 satisfied

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Contact & Details

Contact

Update Details

Registered Address

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

Credit Report

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

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2022–2023)

Cash in Bank

£1.63M

Increased by £1.63M (+349475%)

Net Assets

£14.05M

Increased by £14.60M (+2661%)

Total Liabilities

£6.49M

Increased by £3.04M (+88%)

Turnover

N/A

Employees

N/A

Debt Ratio

32%

Decreased by 87 (-73%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 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

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

3 Allotments 9,000 Shares £3.43m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
8 Mar 2023	C ORDINARY	5,320	£0	£0
8 Mar 2023	B ORDINARY	1,680	£0	£0
8 Mar 2023	B ORDINARY	2,000	£3.43m	£2k

Officers

5 active 3 resigned

Show resigned officers

						Status
Andre An-chun Cheng	Director	American	Hong Kong	38	30 Apr 2024	Active
Jules Van Limborgh	Director	Dutch	England	67	24 Feb 2023	Active
Matthew Thomas Clayton	Director	British	England	50	15 Jan 2020	Active
Ryan Law	Director	British	England	54	17 Jul 2017	Active
Simon James Ellison	Secretary	Unknown	Unknown	—	27 Aug 2025	Active

Shareholders

Shareholders (3)


Cx Geothermal Ltd	50.2%	3,347	C Ordinary	13 Aug 2024
Thrive Renewables Plc	34.8%	2,320	B Ordinary	13 Aug 2024
Geothermal Engineering Limited	15.0%	1,000	A Ordinary	13 Aug 2024

Persons with Significant Control

Persons with Significant Control (1)

1 Active 4 Ceased

Geothermal Engineering Ltd

United Kingdom

Active

Notified 27 Aug 2025

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

Ryan Law

Ceased 8 Mar 2023

Ceased

Geothermal Engineering Limited

Ceased 8 Mar 2023

Ceased

Cx Geothermal Limited

Ceased 27 Aug 2025

Ceased

Thrive Renewables Plc

Ceased 27 Aug 2025

Ceased

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Group Structure

GEOTHERMAL ENGINEERING LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent

THRIVE RENEWABLES PLC united kingdom

CX GEOTHERMAL LIMITED united kingdom

UNITED DOWNS GEOTHERMAL LIMITED Current Company

Charges

1 satisfied

Documents

Company Filings

Date	Category	Description	Document
10 Sept 2025	Persons With Significant Control	Cessation of Thrive Renewables Plc as a person with significant control on 2025-08-27	View(1 page)
10 Sept 2025	Persons With Significant Control	Geothermal Engineering Ltd notified as a person with significant control	View(2 pages)
10 Sept 2025	Persons With Significant Control	Cessation of Cx Geothermal Limited as a person with significant control on 2025-08-27	View(1 page)
10 Sept 2025	Officers	Appointment of Simon James Ellison as director on 2025-08-27	View(2 pages)
10 Sept 2025	Officers	Termination of David Vernon Bridgland as director on 2025-08-27	View(1 page)