RES ENERGY SERVICES LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-23 (in 9mo)
Last made up 2026-02-09
Watchouts
Cash
£175K
-78.1% vs 2023
Net assets
£1M
-41.7% vs 2023
Employees
117
+11.4% highest in 5 filed years
Profit before tax
£100K
-82.2% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
8-year trend · vs Industrials median
Accounts
8-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £10,372,443 | — | £10,965,912 | — | £17,166,252 | £12,219,202 | |
| Operating profit | — | — | £1,038,649 | — | £691,596 | — | £562,899 | £161,797 | |
| Profit before tax | — | — | £1,038,649 | — | £691,596 | — | £562,899 | £100,347 | |
| Net profit | — | — | £825,145 | — | £559,683 | — | £429,269 | £75,481 | |
| Cash | £99,300 | £99,300 | £155,096 | £155,096 | £195,712 | £195,712 | £795,549 | £174,604 | |
| Total assets less current liabilities | £667,214 | — | £1,617,809 | — | £2,398,709 | — | £2,484,235 | £2,283,490 | |
| Net assets | £667,214 | — | £1,492,359 | — | £2,052,042 | — | £1,981,311 | £1,155,854 | |
| Equity | £667,214 | — | £1,492,359 | — | £2,052,042 | — | £1,981,311 | £1,155,854 | |
| Average employees | 68 | — | 85 | — | 101 | — | 105 | 117 | |
| Wages | — | — | £2,996,550 | — | £3,551,441 | — | £4,111,372 | £4,814,696 | |
| Directors' remuneration | — | — | — | — | £30,164 | — | £104,230 | £93,470 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-28.8%
£17,166,252 £12,219,202
-
Cash
-78.1%
£795,549 £174,604
-
Net assets
-41.7%
£1,981,311 £1,155,854
-
Employees
+11.4%
105 117
highest in 5 filed years
-
Operating profit
-71.3%
£562,899 £161,797
lowest in 4 filed years
-
Profit before tax
-82.2%
£562,899 £100,347
lowest in 4 filed years
-
Wages
+17.1%
£4,111,372 £4,814,696
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 10.0% | — | 6.3% | — | 3.3% | 1.3% | |
| Net margin | — | — | 8.0% | — | 5.1% | — | 2.5% | 0.6% | |
| Return on capital employed | — | — | 64.2% | — | 28.8% | — | 22.7% | 7.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | 53.6% | 79.0% | |
| Current ratio | — | — | — | — | — | — | 2.37x | 1.70x | |
| Interest cover | — | — | — | — | — | — | — | 2.63x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- RES ENERGY SERVICES LIMITED 2024-05-17 → present
- INGETEAM UK LIMITED 2016-05-21 → 2024-05-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “On 30 November 2023, the company transferred the trade and assets of a significant revenue stream to a newly formed company in the group Ingeteam Ltd. The reduction reflects the transfer of project activities to another group entity, with the company now focused on maintenance contracts. These retained activities provide a more stable and predictable revenue base and carry higher margins than the project activities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEARTH, Dominic James | Secretary | 2024-10-10 | — | — |
| BRANDT, Henrik Norgaard | Director | 2024-05-02 | Jul 1981 | Danish |
| CERESA, Alessandro | Director | 2024-03-01 | Oct 1976 | Italian |
| DEACON, Simon Nicholas | Director | 2024-12-10 | Dec 1970 | British |
| HUNTER, Ian George | Director | 2024-03-01 | Apr 1984 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALACUART, Emilio | Director | 2022-07-21 | 2024-12-31 |
| COLOMA, Javier | Director | 2016-05-21 | 2019-04-01 |
| CORDOBA, Arturo | Director | 2016-05-21 | 2024-03-01 |
| GANDIAGA, Ander | Director | 2016-05-21 | 2024-03-01 |
| RUSSELL, Richard Paul | Director | 2024-03-01 | 2024-04-30 |
| SOLE LOPEZ, David | Director | 2019-04-01 | 2024-03-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Res Global Services Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-04-29 | Active |
| Renewable Energy Systems Limited | Corporate entity | Significant influence | 2024-03-01 | Ceased 2025-04-29 |
| Ingeteam Power Technology | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-10-10 | Ceased 2018-05-15 |
Filing timeline
Last 20 of 64 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-17 CERTNM Certificate change of name company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-18 | CH01 | officers | Change person director company with change date | |
| 2026-02-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-22 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-06-11 | SH01 | capital | Capital allotment shares | |
| 2025-06-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-03 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-16 | CH01 | officers | Change person director company with change date | |
| 2024-10-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-09 | CH01 | officers | Change person director company with change date | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-17 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-18 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.