RECURRENT ENERGY POWER SERVICES UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-07 (in 3mo)
Last made up 2025-07-24
Watchouts
Cash
£938K
Latest balance sheet
Net assets
-£890K
Equity attributable
Employees
123
Average over period
Profit before tax
-£1M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-05-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | — | £10,202,834 | £18,646,521 | |
| Operating profit | — | -£2,020,326 | -£1,252,543 | |
| Profit before tax | — | -£2,021,522 | -£1,319,276 | |
| Net profit | — | -£1,975,122 | -£1,315,606 | |
| Cash | — | £472,745 | £937,588 | |
| Total assets less current liabilities | — | £539,780 | -£670,756 | |
| Net assets | — | £425,113 | -£890,493 | |
| Equity | £1,700,235 | £425,113 | -£890,493 | |
| Average employees | — | 131 | 123 | |
| Wages | — | £3,714,354 | £5,431,969 | |
| Directors' remuneration | — | £418,838 | £226,337 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-05-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | -19.8% | -6.7% | |
| Net margin | — | -19.4% | -7.1% | |
| Return on capital employed | — | -374.3% | 186.7% | |
| Current ratio | — | 1.11x | 0.82x | |
| Interest cover | — | -1689.24x | -18.77x |
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
- RECURRENT ENERGY POWER SERVICES UK LIMITED 2024-03-25 → present
- PSH OPERATIONS LIMITED 2017-07-25 → 2024-03-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Larking Gowen LLP
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The Directors have reviewed the company's financial position and ongoing operations and are confident that the company is well-positioned to continue its activities for the foreseeable future. This confidence is underpinned by a solid pipeline of new business, strong relationships with key clients, and stable cash flows from long-term contracts. Additionally, the company benefits from the support of Canadian Solar UK Projects Limited as a parent company, which provides further assurance of financial stability. With this backing, alongside prudent cost management and access to resources, the Directors believe the company is equipped to manage any potential challenges while continuing to grow and meet its financial obligations.”
Significant events
- “The biggest change during the period was the integration to the Recurrent Energy group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANTELO BERNAL, Juan Manuel | Director | 2025-01-17 | Feb 1977 | Spanish |
| DE MIGUEL GÓMEZ, Jonas | Director | 2023-08-15 | Dec 1973 | Spanish |
| STEEL, Martin Grahame | Director | 2024-10-03 | Sep 1968 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLYTH, Paul John | Director | 2020-01-14 | 2023-08-15 |
| BRADSHAW, Stuart David | Director | 2017-07-25 | 2023-08-15 |
| CORIZZO, Andrea, Mr. | Director | 2024-11-13 | 2025-01-17 |
| FRASER, Peregrine Hamish | Director | 2017-09-28 | 2020-01-14 |
| JUNCOSA DEL LLANO, Lluis | Director | 2023-08-15 | 2024-11-13 |
| LOCKHART, Glenn | Director | 2017-07-25 | 2023-08-15 |
| MOZAS, Adrian | Director | 2017-09-28 | 2023-08-15 |
| NGUYEN, Jimmy | Director | 2023-08-15 | 2024-10-03 |
| SYDDALL, Daniel Simon | Director | 2021-07-20 | 2026-03-20 |
| TIFREA, Alina Maria | Director | 2021-07-20 | 2024-04-08 |
| WATERS, Nicola Claire | Director | 2017-09-28 | 2023-08-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Canadian Solar Uk Projects Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-08-15 | Active |
| Psh Holdings Limited | Corporate entity | Shares 75–100% | 2017-07-25 | Ceased 2023-08-15 |
Filing timeline
Last 20 of 59 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-25 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | AA | accounts | Accounts with accounts type full | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-24 | CH01 | officers | Change person director company with change date | |
| 2025-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-31 | AA | accounts | Accounts with accounts type full | |
| 2024-11-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-25 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-03-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-09-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.