# United Downs Geothermal Limited

## Details

- **Company number:** [10868073](https://find-and-update.company-information.service.gov.uk/company/10868073)
- **Status:** Active
- **Type:** Private Limited Company
- **Incorporated:** 17 Jul 2017
- **Registered office:** UNITED DOWNS INDUSTRIAL ESTATE, ST DAY, REDRUTH, TR16 5HY
- **Nature of business:** [42220](/sic/42220) Construction of utility projects for electricity and telecommunications
- **Corporate group:** [GMV Nominees Ltd](/group/4) (48458 companies)


## Previous names

- United Downs Geothermal PLC (until 13 Dec 2019)



## Officers

| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHENG, Andre An-Chun | director | 30 Apr 2024 |  |
| VAN LIMBORGH, Jules | director | 24 Feb 2023 |  |
| CLAYTON, Matthew Thomas | director | 15 Jan 2020 |  |
| LAW, Ryan | director | 17 Jul 2017 |  |



## Control

| Name | Nature of control | Notified | Ceased |
|---|---|---|---|
| Geothermal Engineering Ltd | ownership-of-shares-75-to-100-percent, voting-rights-75-to-100-percent, right-to-appoint-and-remove-directors | 27 Aug 2025 |  |
| Thrive Renewables Plc | ownership-of-shares-25-to-50-percent, voting-rights-25-to-50-percent | 8 Mar 2023 | 27 Aug 2025 |
| Cx Geothermal Limited | ownership-of-shares-50-to-75-percent, voting-rights-50-to-75-percent | 8 Mar 2023 | 27 Aug 2025 |
| Mr Ryan Law | ownership-of-shares-50-to-75-percent-as-firm, voting-rights-50-to-75-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 17 Jul 2017 | 8 Mar 2023 |
| Geothermal Engineering Limited | ownership-of-shares-75-to-100-percent, voting-rights-75-to-100-percent, right-to-appoint-and-remove-directors | 17 Jul 2017 | 8 Mar 2023 |



## Accounts

| Year ended | Net assets | Cash | Employees |
|---|---|---|---|
| 31 Dec 2025 | £13,555,053 | £21,140 | 0 |
| 31 Dec 2024 | £13,050,878 | £1,265,901 | 0 |
| 31 Dec 2023 | £14,049,826 | £1,625,524 | 0 |
| 31 Dec 2022 | -£548,587 | £465 | 0 |
| 31 Dec 2021 | -£94,175 | £3,167 | 0 |
| 31 Dec 2020 | -£70,406 | £52 | 0 |
| 31 Dec 2019 | £100 | - | - |
| 31 Jul 2018 | £50,000 | - | - |



## Owned by

United Downs Geothermal Limited → [Geothermal Engineering Limited](/company/06663174) → [CX Geothermal Limited](/company/13378493)




## Directors' other companies

- [CLAYTON, Matthew Thomas](/person/5368618) - director at [Green Breeze Energy Ltd](/company/SC425017)
- [CLAYTON, Matthew Thomas](/person/5368618) - director at [Drumduff Extension Ltd](/company/SC504174)
- [CLAYTON, Matthew Thomas](/person/5368618) - director at [Thrive Renewables PLC](/company/02978651)
- [CLAYTON, Matthew Thomas](/person/5368618) - director at [Fpce (Hazel Holdco) Limited](/company/17498921)
- [CLAYTON, Matthew Thomas](/person/5368618) - director at [Geothermal Engineering Limited](/company/06663174)
- [CLAYTON, Matthew Thomas](/person/5368618) - director at [United Downs Lithium Limited](/company/14461498)
- [CLAYTON, Matthew Thomas](/person/5368618) - director at [Green Breeze Energy (Holdings) Ltd](/company/SC540041)
- [LAW, Ryan](/person/6652007) - director at [Geothermal Engineering Limited](/company/06663174)
- [LAW, Ryan](/person/6652007) - director at [United Downs Lithium Limited](/company/14461498)
- [VAN LIMBORGH, Jules](/person/6651995) - director at [Geothermal Engineering Limited](/company/06663174)



## Companies at the same address

- [Geogen Limited](/company/13117607) (13117607)
- [Geothermal Engineering Limited](/company/06663174) (06663174)
- [Manhay Geothermal Limited](/company/15459562) (15459562)
- [Penhallow Geothermal Limited](/company/15459532) (15459532)
- [United Downs Lithium Limited](/company/14461498) (14461498)