RES ENERGY SERVICES LIMITED
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Cash
£3.3m
highest in 6 filed years
Net assets
£13m
highest in 6 filed years
Employees
244
highest in 6 filed years
Profit before tax
-£2m
Period ending 2025-10-31
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
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £10,372,443 | £10,965,912 | £17,166,252 | £12,219,202 | £34,786,006 | — | |
| Operating profit | — | £1,038,649 | £691,596 | £562,899 | £161,797 | -£1,970,892 | — | |
| Profit before tax | — | £1,038,649 | £691,596 | £562,899 | £100,347 | -£2,000,237 | — | |
| Net profit | — | £825,145 | £559,683 | £429,269 | £75,481 | -£2,116,268 | — | |
| Cash | £99,300 | £155,096 | £195,712 | £795,549 | £174,604 | £3,261,184 | — | |
| Total assets less current liabilities | £667,214 | £1,617,809 | £2,398,709 | £2,484,235 | £2,283,490 | £13,437,348 | — | |
| Net assets | £667,214 | £1,492,359 | £2,052,042 | £1,981,311 | £1,155,854 | £12,932,909 | — | |
| Equity | £667,214 | £1,492,359 | £2,052,042 | £1,981,311 | £1,155,854 | £12,932,909 | — | |
| Average employees | 68 | 85 | 101 | 105 | 117 | 244 | — | |
| Wages | — | £2,996,550 | £3,551,441 | £4,111,372 | £4,814,696 | £11,516,862 | — | |
| Directors' remuneration | — | — | £30,164 | £104,230 | £93,470 | £70,683 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 10 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-10-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 10.0% | 6.3% | 3.3% | 1.3% | -5.7% | |
| Net margin | — | 8.0% | 5.1% | 2.5% | 0.6% | -6.1% | |
| Return on capital employed | — | 64.2% | 28.8% | 22.7% | 7.1% | -14.7% | |
| Gearing (liabilities / total assets) | — | — | — | 53.6% | 79.0% | — | |
| Current ratio | — | — | — | 2.37x | 1.70x | 1.68x | |
| Interest cover | — | — | — | — | 2.63x | -37.76x |
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
“The Company benefits from the full support of its parent company, Renewable Energy Systems Holdings Limited, which has provided a formal letter of support confirming its commitment to provide ongoing financial assistance to enable the Company to meet its obligations as they fall due.”
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 65 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-17 CERTNM Certificate change of name company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.