BRITNED DEVELOPMENT LIMITED

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -61.8%

  £298,199,843 → £113,835,986

• Cash

  +24.4%

  £53,395,947 → £66,440,560

• Net assets

  -1.7%

  £360,292,199 → £354,030,785

• Employees

  —

  Not reported

• Operating profit

  -76%

  £281,241,847 → £67,397,165

• Profit before tax

  -76.5%

  £279,328,637 → £65,570,919

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. BRITNED DEVELOPMENT LIMITED 2001-08-07 → present
2. MEAUJO (544) LIMITED 2001-07-12 → 2001-08-07

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors of BritNed are not aware of any material uncertainties related to events or conditions that may cast significant doubt over the Company's ability to continue as a going concern. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “Asset availability for the year was reported at 81.0% (2023: 97%). The year on year reduction driven by an extended planned outage in July to undertake essential maintenance work, as well as a cable fault that occurred in December 2024. The fault occurred onshore in the Netherlands, on 6th December 2024.”
• “The interconnector returned to commercial service after 51 days on 27th January.”
• “During 2024 the remediation of cable depth burial for part of the interconnector has been completed as planned and in-line with the annual cable survey of 2023.”
• “On 27th June 2025, €39.8m interim dividends have been paid to shareholders.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.