SERAS ENERGY LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-08 (in 1y)
Last made up 2026-04-24
Watchouts
None on the register
Cash
£7M
Latest balance sheet
Net assets
£28M
Equity attributable
Employees
277
lowest in 3 filed years
Profit before tax
-£2M
Period ending 2024-12-31
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | £93,748,171 | £101,712,001 | £84,569,719 | |
| Operating profit | — | £8,734,672 | £9,151,921 | £3,912,116 | |
| Profit before tax | — | £6,952,473 | -£3,432,040 | -£1,687,402 | |
| Net profit | — | £7,981,458 | -£5,652,621 | £279,942 | |
| Cash | — | £7,612,011 | £2,695,442 | £6,682,075 | |
| Total assets less current liabilities | — | £67,788,223 | £78,974,444 | £83,609,294 | |
| Net assets | — | £33,474,426 | £27,548,803 | £27,828,744 | |
| Equity | £25,423,721 | £33,474,426 | £27,548,803 | £27,828,744 | |
| Average employees | — | 311 | 293 | 277 | |
| Wages | — | £12,478,396 | £12,433,167 | £10,420,315 | |
| Directors' remuneration | — | £425,608 | £312,450 | £364,853 |
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
FY2024 → FY2024 · period ending 2024-12-31 vs 2024-02-29
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | 9.3% | 9.0% | 4.6% | |
| Net margin | — | 8.5% | -5.6% | 0.3% | |
| Return on capital employed | — | 12.9% | 11.6% | 4.7% | |
| Current ratio | — | — | 1.33x | 1.21x | |
| Interest cover | — | 4.90x | 3.22x | 0.72x |
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 6 times since incorporation — the current trading name was adopted 2024-10-22
- SERAS ENERGY LTD 2024-10-22 → present
- ESKEN RENEWABLES LIMITED 2024-07-18 → 2024-10-22
- SUSTERA LTD 2024-06-23 → 2024-07-18
- ESKEN RENEWABLES LIMITED 2022-04-25 → 2024-06-23
- STOBART ENERGY LIMITED 2020-05-14 → 2022-04-25
- STOBART BIOMASS PRODUCTS LIMITED 2010-04-13 → 2020-05-14
- A.W. JENKINSON BIOMASS LIMITED 2009-10-14 → 2010-04-13
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate. The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In forming this expectation, the Directors have considered the financial position, the Group's funding, and cash flow projections approved by Directors for a period of 18 months from the date of signing these financial statements. The results of these assessments by the Directors indicate that the Company will continue to meet their obligations as they fall due.”
Significant events
- “The existing shareholders participated in further equity raises in February and March as the company issued 7,500,000 ordinary shares at a nominal value of £0.01 and share premium of £0.99 per share raising £7,500,000”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DREWE-SMITH, James Peter | Director | 2022-02-04 | Apr 1976 | British |
| JENKINS, Richard Neil | Director | 2022-02-04 | Aug 1976 | British |
| MILLER, Sebastian Edward Gregory Hung Kai | Director | 2023-12-01 | Apr 1988 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRACE, Louise | Secretary | 2018-01-08 | 2021-03-05 |
| BUTCHER, Richard Edward Charles | Secretary | 2012-11-09 | 2016-10-14 |
| LAYCOCK, Richard John | Secretary | 2016-10-14 | 2018-01-08 |
| BRADY, Warwick | Director | 2018-06-14 | 2021-04-30 |
| BUTCHER, Richard Edward Charles | Director | 2010-03-23 | 2016-10-14 |
| DAVENPORT, Paul Thomas | Director | 2009-12-02 | 2015-03-31 |
| DILWORTH, Nicholas Anthony | Director | 2021-03-08 | 2023-12-01 |
| EGERTON, Charles Edward | Director | 2009-10-14 | 2012-10-15 |
| GIRDWOOD, Lewis Ian | Director | 2019-07-19 | 2023-07-24 |
| IRLAM, Michael Jonathan | Director | 2010-03-23 | 2012-02-29 |
| JESSUP, Alexander Robert | Director | 2017-11-13 | 2020-03-27 |
| PALMER, Richard Campbell | Director | 2009-10-14 | 2011-05-18 |
| ROUND, Jonathon Charles | Director | 2009-10-14 | 2009-10-14 |
| SMITH, Mike | Director | 2012-11-09 | 2016-10-14 |
| TINKLER, William Andrew | Director | 2016-10-14 | 2018-06-14 |
| WHAWELL, Benjamin Mark | Director | 2016-10-14 | 2019-07-03 |
| WHAWELL, Benjamin Mark | Director | 2010-03-23 | 2014-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pioneer Balmoral Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-01 | Active |
| Esken Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-12-01 |
Filing timeline
Last 20 of 155 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | AA | accounts | Accounts with accounts type full | |
| 2025-06-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-28 | SH01 | capital | Capital allotment shares | |
| 2025-03-28 | SH01 | capital | Capital allotment shares | |
| 2025-03-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-28 | AA | accounts | Accounts with accounts type full | |
| 2024-10-22 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-07-18 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-06-23 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-04-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-24 | AD02 | address | Change sail address company with old address new address | |
| 2023-12-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 2
- 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.