ORSTED POWER (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-17 (in 7mo)
Last made up 2025-12-03
Watchouts
None on the register
Cash
£2B
+94,899% vs 2023
Net assets
£4B
+6.3% vs 2023
Employees
1,136
+1.1% vs 2023
Profit before tax
£1B
-8.7% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £599,743,047 | £399,567,945 | |
| Operating profit | £1,381,515,075 | £1,239,944,278 | |
| Profit before tax | £1,305,461,041 | £1,192,275,077 | |
| Net profit | £1,273,548,251 | £1,210,938,131 | |
| Cash | £1,692,721 | £1,608,068,663 | |
| Total assets less current liabilities | £5,057,375,863 | £4,768,642,095 | |
| Net assets | £3,351,236,781 | £3,562,668,822 | |
| Equity | £3,351,236,781 | £3,562,668,822 | |
| Average employees | 1,124 | 1,136 | |
| Wages | £85,798,995 | £95,475,238 | |
| Directors' remuneration | £857,577 | £892,792 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-33.4%
£599,743,047 £399,567,945
-
Cash
+94,899%
£1,692,721 £1,608,068,663
-
Net assets
+6.3%
£3,351,236,781 £3,562,668,822
-
Employees
+1.1%
1,124 1,136
-
Operating profit
-10.2%
£1,381,515,075 £1,239,944,278
-
Profit before tax
-8.7%
£1,305,461,041 £1,192,275,077
-
Wages
+11.3%
£85,798,995 £95,475,238
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | 27.3% | 26.0% | |
| Gearing (liabilities / total assets) | 36.1% | 37.3% | |
| Current ratio | 11.53x | 2.71x | |
| Interest cover | 13.31x | 14.33x |
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 2 times since incorporation
- ORSTED POWER (UK) LIMITED 2017-10-30 → present
- DONG ENERGY POWER (UK) LIMITED 2010-08-18 → 2017-10-30
- DONG WIND (UK) LIMITED 2003-12-04 → 2010-08-18
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. In assessing whether the going concern assumption is appropriate, management has considered all available information about the future, which is at least 12 months from the date of approval of the financial statements. ... Based on the directors' assessment described above, the directors are of the opinion that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of signing the company's financial statements for the year ended 31 December 2024 and therefore the going concern basis has been adopted in preparing the financial statements.”
Group structure
- ORSTED POWER (UK) LIMITED · parent
- Orsted Power (Gunfleet Sands) Ltd 100%
- Orsted Orion Holdings Limited 100%
- Walney (UK) Offshore Windfarms Limited 50.1%
- Barrow Offshore Wind Limited 100%
- Orsted Westermost Rough Limited 100%
- SMart Wind Limited 100%
- Mooir Vannin Offshore Wind Farm Limited 100%
- Orsted UK BBExt Holdings Limited 100%
- Orsted Race Bank (Holding) Ltd 100%
- Orsted UK WalExt Holdings Limited 100%
- Orsted UK HOW01 Holdings Limited 100%
- Cygnus Wind Transmission Limited 100%
- Orsted Hornsea Project Four Limited 100%
- Orsted Hornsea Project Three (UK) Limited 100%
- Cerulea Limited 100%
- Orsted Power (Participation) Ltd. 100%
- Orsted UK III Limited 100%
- Orsted Scotland Renewables HoldCo 1 Limited 100%
- Orsted Scotland Renewables HoldCo 2 Limited 100%
- Orsted Iceni ESS (UK) Limited 100%
- Orsted Australia Holding Ltd 100%
- Orsted Falcon Limited 100%
- Orsted Hornsea Three Holdings Limited 100%
- Orsted London Array Limited 50%
Significant events
- “On 30 May 2025 a dividend of £1,300,000,000 was paid to the parent company Orsted A/S.”
- “During 2024 the company divested a 12.45% minority stake of its 50% indirect holdings in the following offshore wind farms - Hornsea 1, Hornsea 2, Walney Extension, Burbo Bank Extension - for total consideration of £1,745,000,000 from Brookfield and its affiliate Brookfield Renewable. The company retains an indirect 37.55% ownership interest in the four assets and continues as the controlling partner in these entities. The sale resulted in the recognition of a gain of £476,073,147.”
- “During the current year, the company received distributions by means of a return of capital of £42.7m from Orsted London Array Limited.”
- “During the prior year, the company received distributions by means of a return of capital of £41.6m from Walney (UK) Offshore Windfarms Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BODAL HANSEN, Richard | Director | 2025-03-20 | Jun 1979 | British |
| NICKLES, Chelsea Lynne | Director | 2025-03-20 | Nov 1982 | British |
| SYKES, Benjamin John | Director | 2012-07-05 | Apr 1965 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLUME LEVY, Hanne Legardt | Secretary | 2007-03-12 | 2019-07-08 |
| KROGSGAARD, Lars Bondo | Secretary | 2003-12-04 | 2006-06-12 |
| PEDERSEN, Carsten Ivar | Secretary | 2006-06-12 | 2007-03-12 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-12-04 | 2003-12-04 |
| CHESHIRE, Brent | Director | 2014-10-10 | 2017-06-01 |
| CHRISTENSEN, Bent, Mr. | Director | 2013-05-30 | 2013-10-24 |
| CHRISTENSEN, Jesper Engsig | Director | 2009-12-11 | 2011-01-10 |
| CLARK, Duncan Guy | Director | 2020-02-19 | 2025-03-20 |
| DAHLGAARD FINK, Jakob | Director | 2011-01-10 | 2012-12-11 |
| ERNST, Kim | Director | 2007-03-12 | 2008-05-23 |
| ERRBOE, Rasmus | Director | 2017-10-10 | 2020-05-29 |
| GEDBJERG, Peter | Director | 2010-08-06 | 2011-10-31 |
| HEMMINGSEN, Jorgen Gert | Director | 2007-03-12 | 2009-12-11 |
| HOLM, Henriette | Director | 2024-05-01 | 2026-02-27 |
| HOLMGAARD, Per | Director | 2008-07-30 | 2009-12-11 |
| KROGSGAARD, Lars Bondo | Director | 2003-12-04 | 2006-06-12 |
| NICKLES, Chelsea Lynne | Director | 2023-07-28 | 2024-05-01 |
| PEDERSEN, Carsten Ivar | Director | 2006-06-12 | 2007-03-12 |
| PEDERSEN, Lars Thaaning, Mr. | Director | 2013-05-30 | 2014-09-19 |
| PEDERSEN, Lars Thaaning | Director | 2009-12-11 | 2011-01-10 |
| RASMUSEN, Hans Joergen Kruuse | Director | 2003-12-04 | 2007-03-12 |
| SIMMELSGAARD, Michael, Mr. | Director | 2013-10-24 | 2015-10-19 |
| SKAKKEBAEK, Christian Troels | Director | 2011-10-31 | 2012-10-29 |
| SKAKKEBAEK, Christian Troels | Director | 2005-11-11 | 2007-03-12 |
| SORENSEN, Christina Grumstrup | Director | 2009-12-11 | 2013-05-30 |
| STRAND, Charlotte | Director | 2013-05-30 | 2017-05-30 |
| SVENDSEN, Soren Hornbaek | Director | 2003-12-04 | 2005-11-11 |
| VINKLER, Kim Henry | Director | 2007-03-12 | 2009-12-11 |
| WESTWOOD, Benjamin | Director | 2020-05-29 | 2025-03-20 |
| WRIGHT, Matthew Reginald, Mr. | Director | 2017-06-01 | 2020-01-13 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2003-12-04 | 2003-12-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ørsted A/S | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-09 | Active |
Filing timeline
Last 20 of 153 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-05-16 | CH01 | officers | Change person director company with change date | |
| 2025-05-16 | CH01 | officers | Change person director company with change date | |
| 2025-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-24 | CH01 | officers | Change person director company with change date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | AD04 | address | Move registers to registered office company with new address | |
| 2022-11-18 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.