VATTENFALL HEAT UK LIMITED
Operating as a subsidiary of the Swedish state-owned energy group Vattenfall AB, the company designs, builds, and manages large-scale, low-carbon district heating networks for municipalities and property developers across the UK.
Get an alert when VATTENFALL HEAT UK LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£91K
-99.4% vs 2023
Net assets
£76M
+26.6% vs 2023
Employees
115
+71.6% vs 2023
Profit before tax
-£15M
-55.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
This indicates the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £163,517 | £328,479 | +100.9% | |
| Operating profit | -£9,981,954 | -£15,818,551 | -58.5% | |
| Profit before tax | -£9,926,187 | -£15,437,278 | -55.5% | |
| Net profit | -£7,881,836 | -£11,575,966 | -46.9% | |
| Cash | £14,389,926 | £90,800 | -99.4% | |
| Total assets less current liabilities | £59,963,421 | £75,887,455 | +26.6% | |
| Net assets | £59,963,421 | £75,887,455 | +26.6% | |
| Equity | £59,963,421 | £75,887,455 | +26.6% | |
| Average employees | 67 | 115 | +71.6% | |
| Wages | £4,711,619 | £9,197,630 | +95.2% | |
| Directors' remuneration | £65,093 | £60,279 | -7.4% |
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 |
|---|---|---|---|
| Return on capital employed | -16.6% | -20.8% | |
| Gearing (liabilities / total assets) | 4.8% | 8.7% | |
| Current ratio | 7.39x | 2.39x | |
| Interest cover | -20.31x | — |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- VATTENFALL HEAT UK LIMITED 2017-10-18 → present
- BW OPS LIMITED 1994-07-21 → 2017-10-18
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“This indicates the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.”
Group structure
- VATTENFALL HEAT UK LIMITED · parent
- Vattenfall Brent Cross Limited 100%
- Midlothian Energy Limited 50%
- Bristol Heat Networks Limited 100%
Significant events
- “On 7 July 2025 the Company issued 25,000,000 Ordinary shares at nominal value of £1.00 each.”
- “Vattenfall has started a process to assess the ownership of its district heating business in the UK. The assessment is currently ongoing.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 42 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TURNER, Christopher James | Secretary | 2023-05-07 | — | — |
| ALLISON, Stuart | Director | 2022-10-14 | Dec 1987 | British |
| CURTIS, Jennifer | Director | 2023-09-19 | Apr 1980 | British |
| MUNZBERG, Katja Raabe | Director | 2023-03-10 | May 1984 | German |
| WATTENDRUP, Claus | Director | 2024-09-24 | Jul 1974 | German |
Show 42 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELLIOTT, Graham Thomas | Secretary | 2014-01-01 | 2014-10-31 |
| FELLOWES, Colin | Secretary | 2000-03-31 | 2003-05-29 |
| FIDLER, Christopher Laskey | Secretary | 2003-05-29 | 2008-10-06 |
| HOLGATE, Jennifer Kate | Secretary | 2020-10-09 | 2022-07-20 |
| SLATER, Anita Carole | Secretary | 2018-05-21 | 2019-06-11 |
| SOMERO SORENSON, Aili Eva Margareta | Secretary | 2008-10-06 | 2010-04-27 |
| STILL, David John | Secretary | 1994-07-21 | 2000-03-31 |
| VAN MANSFELD, Jonas | Secretary | 2016-07-11 | 2017-10-17 |
| JL NOMINEES TWO LIMITED | Corporate Nominee Secretary | 1994-07-21 | 1994-07-21 |
| BRUCE, Neil Alexander | Director | 2000-05-01 | 2002-03-11 |
| CHRISTIE, Lisa Marie | Director | 2023-05-17 | 2024-09-24 |
| CORKE, Richard John | Director | 2000-03-31 | 2002-03-11 |
| DAHL, Anders | Director | 2008-10-06 | 2013-04-15 |
| ELMAS, Alper | Director | 2015-07-01 | 2017-10-17 |
| GHEORGHIU-CURRIE,, Alina | Director | 2024-01-16 | 2024-03-26 |
| GHEORGHIU-CURRIE,, Alina | Director | 2023-12-21 | 2023-12-21 |
| GRAINGER, William | Director | 1994-07-21 | 2000-03-31 |
| GUY, Piers Basil | Director | 2014-01-01 | 2017-09-30 |
| HADRÉ, Stefan | Director | 2017-10-17 | 2018-05-21 |
| HATAKKA, Tuomo Juhani | Director | 2017-10-17 | 2018-05-21 |
| HOLLAND, Peter James | Director | 2002-03-11 | 2008-10-06 |
| LING, Grant Richmond | Director | 2000-03-31 | 2002-02-15 |
| LOVGREN, Peter | Director | 2010-04-27 | 2013-04-15 |
| MAGUIRE, Eoghan Andrew | Director | 2024-01-01 | 2024-06-10 |
| MAGUIRE, Eoghan Andrew | Director | 2023-12-21 | 2023-12-21 |
| MENDEZ REBOLLO, Alberto | Director | 2013-04-16 | 2014-01-28 |
| NAVE-BRÜGGEMANN, Sylvia | Director | 2022-03-29 | 2024-03-27 |
| NILSSON, Sandra Grauers | Director | 2017-07-01 | 2017-10-17 |
| PYTEL, Anna Barbara | Director | 2014-01-01 | 2015-07-01 |
| REYNOLDS, Michael James | Director | 2018-05-21 | 2022-09-28 |
| RODRIGUEZ COBAS, Adriana Natalia | Director | 2020-01-27 | 2023-01-09 |
| SCOTT, Joseph David | Director | 2023-01-09 | 2023-05-17 |
| SCOTT, Joseph David | Director | 2021-06-03 | 2022-03-29 |
| SOMERO SORENSON, Aili Eva Margareta | Director | 2008-10-06 | 2010-04-27 |
| STILL, David John | Director | 2000-05-01 | 2002-03-11 |
| STILL, David John | Director | 1994-07-21 | 2000-03-31 |
| STRAUGHEN, Michael | Director | 2000-03-31 | 2000-05-01 |
| TENTHOF, Marco Gerrit Jan | Director | 2020-01-01 | 2025-04-30 |
| TINGVALL, Mattias | Director | 2018-05-21 | 2020-01-01 |
| WESSLAU, Peter Johan | Director | 2008-10-06 | 2014-01-28 |
| AMEC NOMINEES LIMITED | Corporate Director | 2002-03-11 | 2008-10-06 |
| JL NOMINEES ONE LIMITED | Corporate Nominee Director | 1994-07-21 | 1994-07-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vattenfall Ab | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 187 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-24 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-08 | SH01 | capital | Capital allotment shares | |
| 2025-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-29 | AA | accounts | Accounts with accounts type full | |
| 2024-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-21 | SH01 | capital | Capital allotment shares | |
| 2024-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-21 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.