THANET OFFSHORE WIND LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -17.3%

  £238,738,000 → £197,425,000

• Cash

  +26.4%

  £48,241,000 → £60,960,000

• Net assets

  -15.6%

  £247,566,000 → £208,993,000

• Employees

  —

  Not reported

• Operating profit

  -30.6%

  £173,149,000 → £120,112,000

• Profit before tax

  -29.4%

  £169,946,000 → £119,967,000

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. THANET OFFSHORE WIND LIMITED 2004-01-08 → present
2. WARWICK ENERGY (NEWPORT) LIMITED 2002-08-15 → 2004-01-08

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“For the purposes of assessing whether 'going concern' is an appropriate basis for preparing the financial statements, the directors have reviewed projections for the period to 31 December 2025 using assumptions which the directors consider to be appropriate to the current financial position of the Company with regards to revenue, cost of sales, borrowing and debt repayment plans. The Company has agreed with its shareholders that dividends are only declared or paid where it is sufficiently probable, based on information available at that time, that operations can continue to be funded until at least 31 December 2025 based on its cash flow prognosis. Additionally, as the Company's cash is subject to a cash pooling arrangement administered by the ultimate parent company, Vattenfall AB, the directors have obtained written confirmation from Vattenfall AB that the Company's cash will be at all times available under the cash pooling arrangement to enable the Company to meet its liabilities as they fall due. Based on the future cashflows, the written confirmation obtained from Vattenfall AB and the resources available to the Company, the directors believe the Company has sufficient liquidity to manage through a range of different scenarios until at least 31 December 2025. Given the Group's strong liquidity position, the directors adopt the going concern basis in preparing the financial statements.”

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

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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