SEABANK POWER LIMITED
Operating as a joint venture between SSE and Cheung Kong Infrastructure Holdings, the company runs the Seabank Power Station, a combined cycle gas-fired facility in Bristol.
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Cash
—
Latest balance sheet
Net assets
£108m
-1.8% lowest in 3 filed years
Employees
58
0% vs 2024
Profit before tax
£27m
-39.3% lowest in 3 filed years
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £279,744,000 | £279,169,000 | £250,834,000 | -10.1% | |
| Operating profit | £50,485,000 | £42,551,000 | £26,022,000 | -38.8% | |
| Profit before tax | £51,067,000 | £43,979,000 | £26,717,000 | -39.3% | |
| Net profit | £38,833,000 | £32,701,000 | £18,994,000 | -41.9% | |
| Cash | £36,237,000 | £32,345,000 | — | — | |
| Total assets less current liabilities | £225,154,000 | £194,226,000 | £208,695,000 | +7.4% | |
| Net assets | £124,603,000 | £110,304,000 | £108,298,000 | -1.8% | |
| Equity | £124,603,000 | £110,304,000 | £108,298,000 | -1.8% | |
| Average employees | 54 | 58 | 58 | 0% | |
| Wages | £5,034,000 | £5,713,000 | £6,364,000 | +11.4% | |
| Directors' remuneration | — | — | — | — |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 18.0% | 15.2% | 10.4% | |
| Net margin | 13.9% | 11.7% | 7.6% | |
| Return on capital employed | 22.4% | 21.9% | 12.5% | |
| Gearing (liabilities / total assets) | 61.7% | 43.2% | 48.1% | |
| Current ratio | 4.89x | 3.71x | 2.64x | |
| Interest cover | 86.74x | 96.71x | 62.40x |
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
- SEABANK POWER LIMITED 1991-07-26 → present
- GIGABIT SERVICES LIMITED 1991-03-13 → 1991-07-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 62 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SWAN, Colin | Secretary | 2024-02-02 | — | — |
| HUNTER, Andrew John | Director | 2010-05-28 | Oct 1958 | British |
| MACKAY, Mandy | Director | 2024-02-02 | Jan 1976 | British |
| MACRAE, Duncan Nicholas | Director | 2011-06-16 | Sep 1970 | British |
| MCGEE, Neil Douglas | Director | 2010-05-28 | Oct 1951 | Australian |
| RUDD, Adrian Marc James | Director | 2022-04-21 | May 1971 | British |
| TSAI, Chao Chung Charles | Director | 2010-09-10 | Jul 1957 | Canadian |
Show 62 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDWARDS, Mark | Secretary | 1999-01-17 | 2002-10-25 |
| GARRIHY, Anne | Secretary | 1995-11-22 | 1997-01-27 |
| INMAN, Carol Susan | Secretary | 2002-10-25 | 2010-05-28 |
| JONES, Maria Bernadette | Secretary | — | 1995-10-10 |
| MACAULAY, Barbara Scott | Secretary | 1995-02-24 | 1997-01-17 |
| MACKAY, Lena Elizabeth | Secretary | 2022-06-27 | 2023-01-17 |
| MARKHAM, Una | Secretary | 1999-09-10 | 2001-09-07 |
| MAYER, Stuart Michael | Secretary | 2015-07-13 | 2022-06-27 |
| MCVEAN, Laura | Secretary | 2010-09-13 | 2013-09-25 |
| PITTAM, Laura Jane | Secretary | 2013-09-25 | 2015-07-13 |
| THOMAS, Luke | Secretary | 1997-01-17 | 1999-01-17 |
| ADAMSON, William Harvey | Director | 2002-09-27 | 2005-07-12 |
| BRANDON, Stephen John | Director | 1996-01-19 | 1999-10-12 |
| BROOKS, David | Director | — | 1994-03-11 |
| BROWN, Malcolm Archibald Halliday | Director | 2000-01-19 | 2003-02-19 |
| BROWN, Robert James | Director | 1991-07-08 | 1991-10-01 |
| BRYANT, John | Director | — | 1995-05-22 |
| BURT, Peter | Director | 2005-03-31 | 2008-03-28 |
| CHEN, Joanna Tsien Hua | Director | 2010-05-28 | 2011-06-16 |
| COOLIDGE, Henry Ten Eyck | Director | 2004-12-01 | 2009-03-31 |
| DOWNES, John Anthony | Director | 2018-06-20 | 2019-08-28 |
| EARL, John Charles | Director | 1999-07-21 | 2002-01-08 |
| FOX, Roger Anthony | Director | 2003-02-19 | 2004-02-16 |
| GARDNER, Roy Alan, Sir | Director | 1996-01-19 | 1996-11-11 |
| GRAY, Ann Miriam Georgina | Director | 2019-10-14 | 2025-06-30 |
| HAMPTON, Philip Roy | Director | 1996-11-11 | 1999-07-21 |
| HILL, Melvyn | Director | 2009-03-31 | 2010-02-01 |
| HONEYMAN, Alexander Hughes | Director | 2015-07-13 | 2019-10-14 |
| HUGHES, Michael Alan | Director | — | 1994-02-22 |
| JUGGINS, Graham Gerald | Director | 1999-04-12 | 2005-06-07 |
| MARTIN, James Henry | Director | 1997-11-01 | 2001-10-02 |
| MORGAN, Iwan Rees | Director | 2016-06-16 | 2019-10-14 |
| PHILLIPS-DAVIES, Paul Morton Alistair | Director | 2005-06-07 | 2013-11-14 |
| PIBWORTH, Martin James | Director | 2013-11-14 | 2015-07-13 |
| PRETSWELL, William Somerville | Director | — | 1995-12-12 |
| READ, Arnold Wadkin, Dr | Director | 1996-01-19 | 1997-10-31 |
| ROLLINS, Mark Andrew | Director | 2008-09-08 | 2009-10-09 |
| ROSE, Stephen Paul | Director | 2017-03-16 | 2018-06-18 |
| SARJEANT, Malcolm | Director | 2002-01-08 | 2004-12-01 |
| SHAW, Nigel Richard | Director | 1999-10-12 | 2001-07-27 |
| SIGSWORTH, David, Prof. | Director | 1996-01-19 | 2005-03-31 |
| SKIPP, Peter Raymer Thomas | Director | 1995-08-17 | 1995-12-12 |
| SMITH, Bryan Crossley | Director | — | 1995-12-12 |
| SMITH, Glenn | Director | 1995-08-17 | 1996-01-18 |
| SMITH, James Isaac | Director | 2022-01-11 | 2024-02-02 |
| SMITH, Paul Richard | Director | 2001-10-02 | 2016-06-16 |
| SOUCHARD, Richard Jack | Director | 2004-02-16 | 2010-03-31 |
| SOUTHALL, Graham Brinsley | Director | 2007-03-17 | 2008-06-27 |
| SURRALL, Stephen John | Director | 2009-10-09 | 2010-05-28 |
| SURRALL, Stephen John | Director | 2001-07-27 | 2002-09-27 |
| SUTHERLAND, John Adam | Director | 2008-04-09 | 2017-03-16 |
| TAYLOR, Philip Raymond | Director | 1995-12-13 | 1996-01-18 |
| TAYLOR, Philip Jonathan | Director | 1994-02-22 | 1995-05-22 |
| THOMAS, Anthony | Director | 2019-08-28 | 2022-03-31 |
| TONG BARNES, Wendy | Director | 2012-10-30 | 2023-11-15 |
| WELCH, Victor John | Director | — | 1994-05-03 |
| WELSH, Brian John | Director | 2010-04-15 | 2010-05-28 |
| WHEELER, Stephen, Mr. | Director | 2019-10-14 | 2022-01-11 |
| WILKINS, Roy, Dr | Director | 1994-05-03 | 1995-12-12 |
| WILLIAMS, Alistair Charles Walter | Director | 2005-07-12 | 2007-03-17 |
| WOOLLACOTT, Paul Nicholas | Director | 1995-12-13 | 2000-01-19 |
| YOUNG, Arnold Roger Alexander | Director | 1996-01-19 | 1999-01-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Electricity First Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Sse Seabank Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 310 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-30 RESOLUTIONS Resolution
- 2024-07-24 RESOLUTIONS Resolution
- 2024-02-05 RESOLUTIONS Resolution
- 2023-09-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | AA | accounts | Accounts with accounts type full | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-13 | AA | accounts | Accounts with accounts type full | |
| 2024-02-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-12 | CH01 | officers | Change person director company with change date | |
| 2023-09-12 | CH01 | officers | Change person director company with change date | |
| 2023-09-05 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-05 | ANNOTATION |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.