CERES POWER LIMITED
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Cash
£1.9m
lowest in 3 filed years
Net assets
-£322m
lowest in 3 filed years
Employees
459
lowest in 3 filed years
Profit before tax
-£42m
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials 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 | £14,841,000 | £48,121,000 | £31,398,000 | — | |
| Operating profit | -£59,613,000 | -£26,421,000 | -£41,668,000 | — | |
| Profit before tax | -£59,949,000 | -£26,565,000 | -£42,240,000 | — | |
| Net profit | -£60,045,000 | -£29,003,000 | -£43,445,000 | — | |
| Cash | £5,150,000 | £7,246,000 | £1,929,000 | — | |
| Total assets less current liabilities | -£252,482,000 | -£275,228,000 | -£317,539,000 | — | |
| Net assets | -£258,026,000 | -£280,281,000 | -£322,466,000 | — | |
| Equity | — | — | — | — | |
| Average employees | 587 | 543 | 459 | — | |
| Wages | £35,224,000 | £37,074,000 | £33,300,000 | — | |
| Directors' remuneration | — | £2,736,000 | £1,746,000 | — | |
| Directors' pension contributions | — | £86,000 | £81,000 | — | |
| Highest paid director | — | £872,000 | £756,000 | — |
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 24 months versus 24 months prior. 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 | — | -54.9% | -132.7% | |
| Net margin | — | -60.3% | -138.4% | |
| Gearing (liabilities / total assets) | 489.8% | 427.3% | 582.3% | |
| Current ratio | — | 0.11x | 0.08x | |
| Interest cover | — | -94.02x | -70.98x |
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. 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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have prepared the financial statements on a going concern basis.”
Group structure
- CERES POWER LIMITED · parent
- Ceres Engineering Consulting (Shanghai) Co Ltd 100%
- RFC Power Ltd 100%
Significant events
- “At the half-year the Board noted that RFC Power Limited, of which Ceres held a 24.2% interest, would become insolvent without support. After assessing the potential opportunity, the Board approved exercising an option to acquire the company.”
- “At the year end, the Group recognised a provision of £1,980,000 in respect of an obligation arising from the termination of a supply contract. The provision represents management's best estimate of the expenditure required to settle the obligation at the reporting date. After the year end, the Group agreed and paid this settlement amount to the third party involved.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CALDWELL, Philip Joseph | Director | 2013-09-02 | Mar 1970 | British |
| HARGROVE, Caroline, Dr | Director | 2022-02-03 | Mar 1968 | British |
| HILL, Stephen Kenneth | Director | 2025-08-15 | Dec 1977 | British |
| PAYNTER, Stuart | Director | 2024-10-01 | May 1972 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLUNDELL, Neil | Secretary | 2002-04-26 | 2003-09-03 |
| BUCHAN, Caroline | Secretary | 2016-10-18 | 2022-04-30 |
| DUNCAN, William Grant | Secretary | 2001-05-23 | 2002-04-26 |
| GIRVAN, Bruce Buchanan | Secretary | 2012-07-03 | 2015-08-03 |
| MILBURN, Helen | Secretary | 2015-08-03 | 2016-10-14 |
| O'DEA, Steven Francis | Secretary | 2003-09-03 | 2005-02-22 |
| PRESTON, Richard Timothy | Secretary | 2008-09-18 | 2012-07-03 |
| STRIDE, Matthew Tudor | Secretary | 2005-02-22 | 2008-02-29 |
| VEVERS, Rawdon Quentin | Secretary | 2008-02-29 | 2008-09-18 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-05-23 | 2001-05-23 |
| BAKER, Andrew Robert, Dr | Director | 2005-07-01 | 2008-12-31 |
| BANCE, Peter Martin | Director | 2003-03-31 | 2011-06-13 |
| BLUNDELL, Neil | Director | 2001-05-23 | 2001-06-12 |
| BRANDON, Nigel Peter, Prof | Director | 2001-06-14 | 2009-11-02 |
| CALLAGHAN, Stephen James | Director | 2012-12-18 | 2013-09-02 |
| ESPINOSA, Ricardo | Director | 2012-02-20 | 2012-12-03 |
| FALLA, James | Director | 2015-07-30 | 2020-08-31 |
| FITZGIBBONS, Harry Edward | Director | 2004-03-23 | 2005-06-21 |
| FLINT, Robert Charles | Director | 2005-11-11 | 2012-12-07 |
| GARRETT, Mark William | Director | 2020-08-10 | 2025-08-15 |
| GRIMASON, Deborah | Director | 2023-04-26 | 2024-09-30 |
| GUNN, John Humphrey | Director | 2001-11-23 | 2005-06-21 |
| HOLBECHE, Philip Leslie | Director | 2001-08-06 | 2007-12-31 |
| JACKSON, David | Director | 2011-11-14 | 2012-12-03 |
| LAKIN, Eric Daniel | Director | 2022-01-10 | 2024-09-30 |
| PRESTON, Richard Timothy | Director | 2012-07-13 | 2022-01-10 |
| PUMMELL, David William | Director | 2011-08-17 | 2012-12-17 |
| SEARLE, Susan Jane | Director | 2001-06-12 | 2001-08-06 |
| SELBY, Mark Albert, Dr. | Director | 2013-02-13 | 2023-04-26 |
| STEELE, Brian Charles Hilton, Professor | Director | 2001-06-12 | 2003-08-11 |
| VEVERS, Rawdon Quentin | Director | 2006-09-01 | 2013-02-13 |
| WATKINS, Jonathan Mark | Director | 2008-11-06 | 2015-06-23 |
| WHALEN, Philip Joseph, Dr | Director | 2009-07-22 | 2013-02-13 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-05-23 | 2001-05-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ceres Power Intermediate Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 182 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-10-14 MA Memorandum articles
- 2022-10-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-27 | AA | accounts | Accounts with accounts type full | |
| 2026-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | AA | accounts | Accounts with accounts type full | |
| 2024-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-27 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-14 | MA | incorporation | Memorandum articles | |
| 2022-10-14 | RESOLUTIONS | resolution | Resolution | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-06-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-05-03 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.