ESB ASSET DEVELOPMENT UK LIMITED
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Cash
£28m
-36.6% vs 2024
Net assets
£170m
-1.4% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
£17m
-54.4% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | — | £208,000 | £1,682,000 | +708.7% | |
| Operating profit | -£11,810,000 | £10,235,000 | -£3,573,000 | -134.9% | |
| Profit before tax | £39,525,000 | £36,305,000 | £16,567,000 | -54.4% | |
| Net profit | £39,983,000 | £36,304,000 | £16,096,000 | -55.7% | |
| Cash | £11,493,000 | £43,585,000 | £27,651,000 | -36.6% | |
| Total assets less current liabilities | £196,520,000 | £172,114,000 | £169,710,000 | -1.4% | |
| Net assets | £196,449,000 | £172,053,000 | — | — | |
| Equity | £196,449,000 | £172,053,000 | £169,649,000 | -1.4% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | £0 | £0 | — | — | |
| Directors' remuneration | £0 | £0 | — | — | |
| Directors' pension contributions | £0 | £0 | — | — | |
| Highest paid director | £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 |
|---|---|---|---|---|
| Return on capital employed | -6.0% | 5.9% | -2.1% | |
| Gearing (liabilities / total assets) | 6.8% | 2.3% | — | |
| Current ratio | 3.50x | 14.69x | 8.71x | |
| Interest cover | -12.89x | — | — |
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 1 time since incorporation
- ESB ASSET DEVELOPMENT UK LIMITED 2013-02-15 → present
- ESB WIND DEVELOPMENT UK LIMITED 2009-06-05 → 2013-02-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte (NI) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. During the year, the Company incurred a profit of £16,096 thousand and at 31 December 2025 had net assets of £169,649 thousand. The Directors have a reasonable expectation that the Company will have adequate financial resources.”
Group structure
- ESB ASSET DEVELOPMENT UK LIMITED · parent
- Devon Wind Power Limited 100%
- Cambrian Renewable Energy Limited 100%
- Curryfree Wind Farm Limited 100%
- Coolkeeragh ESB Limited 100%
- Facility Management UK Limited 100%
- Hunter's Hill Wind Farm Limited 100%
- Crockagarran Wind Farm Limited 100%
- ESB Solar (NI) Limited 100%
- Glendye Wind Farm Limited 25.36%
- Chirmorie Wind Farm Limited 32.89%
Significant events
- “In November 2024, the Company completed the disposal of its remaining 80% investment in Thameside Energy Recovery Limited ("TERFL").”
- “In February 2026, the Company completed the disposal of its entire investment in Chirmorie Wind Farm Limited ("Chirmorie"), a wind farm development entity incorporated in the United Kingdom.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORCORAN, Brendan | Secretary | 2017-03-01 | — | — |
| CONNOLLY, Gary Patrick | Director | 2020-03-06 | Apr 1970 | Irish |
| MCGUINNESS, Damien | Director | 2024-04-22 | Oct 1986 | Irish |
| O'RIORDAN, Eoghan Paul | Director | 2025-01-06 | Jun 1982 | Irish |
| WALSHE, Stephen Patrick | Director | 2021-02-15 | Nov 1975 | Irish |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HEALY, John | Secretary | 2015-01-29 | 2017-03-01 |
| O'BRIEN, Michael | Secretary | 2009-06-05 | 2013-12-31 |
| O'BRIEN, Victoria | Secretary | 2013-12-31 | 2015-01-29 |
| SWIFT INCORPORATIONS LIMITED | Corporate Secretary | 2009-06-05 | 2009-06-05 |
| CAPLIS, Jim | Director | 2015-01-16 | 2021-02-15 |
| CARR, Darragh | Director | 2025-01-06 | 2025-10-03 |
| CONRY, Michael | Director | 2023-05-05 | 2025-09-02 |
| DESMOND, Fergal Gabriel | Director | 2025-10-02 | 2026-03-02 |
| ELDRIDGE, Mark | Director | 2012-09-26 | 2013-02-27 |
| HAYES, Patrick | Director | 2011-11-23 | 2012-09-26 |
| HEALY, John | Director | 2015-01-26 | 2020-03-06 |
| HEGARTY, Kevin | Director | 2012-09-26 | 2013-12-18 |
| KEAN, Anne Marie | Director | 2010-09-16 | 2012-09-26 |
| KELLY, Adrian | Director | 2009-06-05 | 2010-09-16 |
| MCCARTHY, Susan | Director | 2013-12-18 | 2015-01-16 |
| MCNAMARA, David | Director | 2014-09-30 | 2026-01-15 |
| MCSWEENEY, John | Director | 2010-09-16 | 2011-11-23 |
| O REGAN, Aidan | Director | 2009-06-05 | 2017-12-31 |
| O ROURKE, Richard Martin | Director | 2013-12-18 | 2014-09-30 |
| O'BRIEN, Michael | Director | 2009-06-05 | 2013-12-18 |
| O'BRIEN, Victoria | Director | 2013-12-18 | 2015-01-26 |
| O'MAHONEY, Joseph | Director | 2009-06-05 | 2010-09-16 |
| O'MAHONY, Michael | Director | 2012-09-26 | 2017-05-01 |
| O'REGAN, Aidan | Director | 2009-06-05 | 2010-09-16 |
| PAINE, Andrew Malcolm | Director | 2010-03-24 | 2012-03-15 |
| REDMOND, John | Director | 2017-05-01 | 2019-08-01 |
| RYAN, Claire | Director | 2013-02-27 | 2013-12-18 |
| SHEEHY, Ronan | Director | 2009-06-05 | 2011-02-17 |
| SINNOTT, Marie | Director | 2019-08-01 | 2020-03-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Esb Group (Uk) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 106 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-27 MA Memorandum articles
- 2025-05-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | CH01 | officers | Change person director company with change date | |
| 2026-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-27 | MA | incorporation | Memorandum articles | |
| 2025-05-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-10 | CH01 | officers | Change person director company with change date | |
| 2025-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 3
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.