RACE BANK WIND FARM LIMITED
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Cash
£16m
-0.7% lowest in 3 filed years
Net assets
£184m
-2.9% first positive since 2023
Employees
—
Average over period
Profit before tax
£72m
+13% highest in 3 filed years
Net assets
3-year trend · vs Utilities 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 | £266,632,240 | £267,473,763 | £277,244,373 | +3.7% | |
| Operating profit | £107,450,458 | £108,960,018 | £115,353,123 | +5.9% | |
| Profit before tax | £59,962,372 | £63,567,658 | £71,831,217 | +13% | |
| Net profit | £44,076,454 | £47,468,269 | £54,865,673 | +15.6% | |
| Cash | £17,868,236 | £16,509,905 | £16,394,647 | -0.7% | |
| Total assets less current liabilities | — | £1,246,414,334 | £1,185,025,149 | -4.9% | |
| Net assets | -£235,856,458 | £189,606,915 | £184,112,350 | -2.9% | |
| Equity | -£235,856,458 | £189,606,915 | £184,112,350 | -2.9% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 40.3% | 40.7% | 41.6% | |
| Net margin | 16.5% | 17.7% | 19.8% | |
| Return on capital employed | — | 8.7% | 9.7% | |
| Gearing (liabilities / total assets) | 117.5% | 85.2% | 84.7% | |
| Current ratio | 2.81x | 2.17x | 3.06x | |
| Interest cover | 2.20x | 2.32x | 2.58x |
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.
Name history
Renamed 2 times since incorporation
- RACE BANK WIND FARM LIMITED 2016-08-15 → present
- DONG ENERGY RB (UK) LIMITED 2014-01-07 → 2016-08-15
- CENTRICA (RBW) LIMITED 2004-01-16 → 2014-01-07
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 financial statements for the year ended 31 December 2025 and therefore the going concern basis has been adopted in preparing the financial statements.”
Significant events
- “After the balance sheet date, an interim dividend of £33,331,131 was paid.”
- “After the balance sheet date, principal loan repayments of £36,926,415 were paid.”
- “During the year, interim dividends totaling £2,992,063 were declared and paid prior to sufficient distributable reserves being available. Sufficient distributable reserves were subsequently generated, and a resolution approved to appropriate current year distributable profits to these dividends. No accounting adjustments were required.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADKINS, Mel | Director | 2025-08-22 | Mar 1979 | British |
| CLAXTON, Samuel James | Director | 2020-11-17 | Nov 1988 | British |
| HICKSON, Mark Andrew | Director | 2025-05-07 | Nov 1981 | British |
| JAMES-MILROSE, Christian | Director | 2024-09-02 | Nov 1988 | British |
| JENSEN, Thomas Krogh | Director | 2025-05-07 | Nov 1972 | Danish |
| SIVERTSEN, Borge Rygh | Director | 2024-06-14 | Jun 1978 | Norwegian |
| TONSETH, Morten | Director | 2025-08-22 | Jun 1988 | Norwegian |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CENTRICA SECRETARIES LIMITED | Corporate Secretary | 2004-01-16 | 2013-12-12 |
| RM REGISTRARS LIMITED | Corporate Secretary | 2004-01-16 | 2004-01-16 |
| ARCHER, Christopher Michael | Director | 2016-12-21 | 2018-01-05 |
| BENNETT, Alan | Director | 2005-04-28 | 2007-10-31 |
| CHESHIRE, Brent | Director | 2015-10-17 | 2017-06-01 |
| CLARK, Simon Richard | Director | 2004-04-27 | 2007-07-04 |
| COLLINSON, Graeme Stuart, Dr | Director | 2009-02-13 | 2013-12-09 |
| CROWTHER, David Anthony James | Director | 2010-12-16 | 2013-12-12 |
| DE VILLIERS, Philip Henry | Director | 2017-06-01 | 2025-05-07 |
| DOOLEY, Mark Jonathan | Director | 2016-12-21 | 2017-03-29 |
| DUDLEY, Mairi Susan | Director | 2018-08-16 | 2020-11-06 |
| DUFFY, Jonathan Brazier | Director | 2019-05-16 | 2024-06-14 |
| EISENBERG, Erin Kate | Director | 2017-11-30 | 2021-02-23 |
| GARSTANG, Michael John | Director | 2004-08-13 | 2008-06-30 |
| HAWKES, Darren John | Director | 2016-12-21 | 2018-02-28 |
| HAWKES, Darren John | Director | 2015-10-17 | 2016-07-26 |
| HINTON, Thomas Edward | Director | 2010-06-30 | 2013-08-12 |
| HJELM, Jacob | Director | 2020-05-15 | 2024-10-31 |
| LAMB, Anthony James | Director | 2016-12-21 | 2017-11-30 |
| LANE, Gearoid Martin | Director | 2004-04-27 | 2007-07-04 |
| MCCORD, Richard Matthew | Director | 2013-08-12 | 2013-12-12 |
| MERTENS, Christoph Friedrich | Director | 2017-03-29 | 2023-09-13 |
| MURRAY, David | Director | 2018-08-16 | 2024-12-17 |
| PEDERSEN, Per Alva Hjelmsted | Director | 2013-12-12 | 2015-10-17 |
| PORTER, Matthew | Director | 2018-08-31 | 2018-11-13 |
| PRECHTEL, Felix Hellmut Nicolai, Dr | Director | 2023-09-13 | 2024-06-14 |
| REDFERN, Simon Patrick | Director | 2012-11-26 | 2013-12-12 |
| ROOKE, Gavin | Director | 2016-07-26 | 2016-12-21 |
| SAMBHI, Sarwjit | Director | 2004-01-16 | 2005-04-28 |
| SCHWARZ, Adam Paul | Director | 2020-08-11 | 2024-06-14 |
| SKINNER, Julian Norman Thomas | Director | 2024-06-14 | 2024-09-02 |
| SPENCE, James | Director | 2007-10-31 | 2010-06-30 |
| STOKKE, Berit | Director | 2024-06-14 | 2025-08-22 |
| STUART, John Lawson | Director | 2018-01-05 | 2018-08-31 |
| SUDDABY, Tom | Director | 2016-12-21 | 2018-08-14 |
| SYKES, Benjamin John | Director | 2013-12-12 | 2020-03-23 |
| THOMPSON, Alan Stewart | Director | 2007-07-04 | 2012-09-28 |
| TILSTONE, David Paul | Director | 2016-12-21 | 2019-05-13 |
| ULRICH, Jacob Shields | Director | 2004-01-16 | 2004-04-27 |
| VON HEYDEN, Harald | Director | 2024-06-14 | 2025-08-22 |
| WHEELER, Susan Elizabeth | Director | 2007-07-04 | 2010-12-16 |
| WORT, Anthony James | Director | 2018-11-13 | 2020-08-11 |
| RM NOMINEES LIMITED | Corporate Nominee Director | 2004-01-16 | 2004-01-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Race Bank Wind Farm (Holding) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-27 | Active |
Filing timeline
Last 20 of 198 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-03 | AA | accounts | Accounts with accounts type full | |
| 2026-06-29 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-18 | CH01 | officers | Change person director company with change date | |
| 2025-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-14 | CH01 | officers | Change person director company with change date | |
| 2025-07-14 | CH01 | officers | Change person director company with change date | |
| 2025-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-02 | CH01 | officers | Change person director company with change date | |
| 2025-05-16 | AA | accounts | Accounts with accounts type full | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.