ONPATH ENERGY LIMITED
Formerly known as Banks Renewables, the company is a UK-based developer of onshore wind, solar, and energy storage projects backed by the Brookfield Global Transition Fund.
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Cash
£33k
Latest balance sheet
Net assets
-£11k
Equity attributable
Employees
84
highest in 3 filed years
Profit before tax
£6.7k
Period ending 2025-12-31
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.
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-09-30 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £50,223,000 | £95,657 | £73,401 | — | |
| Operating profit | £20,795,000 | £69,433 | £22,745 | — | |
| Profit before tax | £7,637,000 | £56,884 | £6,688 | — | |
| Net profit | £5,445,000 | £50,249 | £3,716 | — | |
| Cash | £23,050,000 | £33,258 | £33,492 | — | |
| Total assets less current liabilities | £180,755,000 | £210,384 | £313,189 | — | |
| Net assets | £38,283,000 | -£16,496 | -£11,157 | — | |
| Equity | £38,283,000 | -£16,496 | -£11,157 | — | |
| Average employees | 38 | 67 | 84 | — | |
| Wages | £2,425,000 | £7,039 | £6,995 | — | |
| Directors' remuneration | — | £874 | £775 | — | |
| Directors' pension contributions | — | £22 | £21 | — | |
| Highest paid director | — | £494 | £440 | — |
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 12 months versus 3 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 41.4% | 72.6% | 31.0% | |
| Net margin | 10.8% | 52.5% | 5.1% | |
| Return on capital employed | 11.5% | 33.0% | 7.3% | |
| Gearing (liabilities / total assets) | 85.9% | 105.9% | 103.3% | |
| Current ratio | 0.44x | 0.99x | 1.46x | |
| Interest cover | 1.58x | 5.27x | 1.41x |
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 4 times since incorporation
- ONPATH ENERGY LIMITED 2024-02-20 → present
- BANKS RENEWABLES LIMITED 2006-04-27 → 2024-02-20
- GILBERT GRAY LIMITED 1991-10-01 → 2006-04-27
- H.J. BANKS (CONSTRUCTION) LIMITED 1989-08-29 → 1991-10-01
- TRIPOPEN LIMITED 1989-05-22 → 1989-08-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As part of its normal business practice, cash flow forecasts, longer term financial projections and sensitivity analysis are prepared for a period of at least 12 months from the approval of these financial statements and in reviewing this information the Board has a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the foreseeable future”
Group structure
- ONPATH ENERGY LIMITED · parent
- Moor House Wind Farm Limited 100%
- Middle Muir Wind Farm Limited 100%
Significant events
- “During the year, the Group acquired two new onshore wind farms in the UK with a total generating capacity of 28MW.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROBERTSON, Andrew Norman | Secretary | 2025-10-06 | — | — |
| DUNKLEY, Richard John | Director | 2009-10-19 | Jul 1969 | British |
| FISHER, Andrew Simon David | Director | 2015-06-18 | Mar 1971 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARTIN, David Joseph | Secretary | — | 2024-06-07 |
| WRIGHT, Ashley John | Secretary | 2024-06-07 | 2025-05-31 |
| ANDERSON, Colin | Director | 2010-11-18 | 2019-02-20 |
| BANKS, Harry James | Director | — | 2023-12-14 |
| BROWN, Neil Andrew | Director | 2006-04-10 | 2012-09-18 |
| DICKENSON, John Alwyn | Director | 2006-04-10 | 2009-04-21 |
| DYKE, Philip Lionel | Director | 2006-10-19 | 2015-11-30 |
| GILL, Christopher John | Director | 2022-06-30 | 2023-12-14 |
| KLEIN, Stephen Richard | Director | 2013-07-18 | 2015-10-13 |
| MORL, Ian Michael | Director | 2007-08-14 | 2009-12-31 |
| SMITH, Graham | Director | 2008-12-23 | 2011-06-30 |
| TONKS, Stephen Richard | Director | 2010-10-20 | 2013-05-28 |
| WILLIAMS, Robert Llewellyn | Director | 2008-04-14 | 2010-06-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Brookfield Asset Management Ltd. | Corporate entity | Voting 75–100%, Appoints directors | 2025-02-04 | Active |
| Brookfield Corporation | Corporate entity | Voting 25–50%, Appoints directors | 2023-12-14 | Ceased 2025-02-04 |
| Banks Renewables Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-07-27 | Ceased 2023-12-14 |
| Timec 1638 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-07-27 | Ceased 2018-07-27 |
| The Banks Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2018-07-26 |
Filing timeline
Last 20 of 176 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-02-20 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-17 | AA | accounts | Accounts with accounts type group | |
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-12 | AA | accounts | Accounts with accounts type group | |
| 2025-06-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-30 | ANNOTATION | miscellaneous | Legacy | |
| 2024-10-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-09 | AA01 | accounts | Change account reference date company current extended | |
| 2024-06-07 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-22 | AA | accounts | Accounts with accounts type full | |
| 2024-03-07 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-01-11 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.