MORAY OFFSHORE WINDFARM (EAST) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-19 (in 9mo)
Last made up 2026-02-05
Watchouts
None on the register
Cash
£93M
+48% vs 2023
Net assets
£495M
+10% vs 2023
Employees
—
Average over period
Profit before tax
£41M
+154.8% 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 | £261,753,000 | £306,851,000 | |
| Operating profit | £42,858,000 | £111,869,000 | |
| Profit before tax | -£74,668,000 | £40,937,000 | |
| Net profit | -£65,607,000 | £28,058,000 | |
| Cash | £62,963,000 | £93,163,000 | |
| Total assets less current liabilities | £2,254,724,000 | £2,236,941,000 | |
| Net assets | £450,238,000 | £495,112,000 | |
| Equity | £450,238,000 | £495,112,000 | |
| Average employees | — | — | |
| Wages | £450,000 | — | |
| Directors' remuneration | — | — |
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
+17.2%
£261,753,000 £306,851,000
-
Cash
+48%
£62,963,000 £93,163,000
-
Net assets
+10%
£450,238,000 £495,112,000
-
Employees
—
Not reported
-
Operating profit
+161%
£42,858,000 £111,869,000
-
Profit before tax
+154.8%
-£74,668,000 £40,937,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 16.4% | 36.5% | |
| Net margin | -25.1% | 9.1% | |
| Return on capital employed | 1.9% | 5.0% | |
| Gearing (liabilities / total assets) | 85.2% | 79.0% | |
| Current ratio | 1.01x | 1.40x | |
| Interest cover | 0.27x | 1.04x |
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 1 time since incorporation
- MORAY OFFSHORE WINDFARM (EAST) LIMITED 2016-12-22 → present
- MORAY OFFSHORE RENEWABLES LIMITED 2009-12-10 → 2016-12-22
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the directors have prepared the financial statements on a basis of going concern.”
Significant events
- “The Company on 15 February 2024 signed an agreement to dispose of its Transmission assets to TC Moray East OFTO Limited (a consortium comprising International Public Partnerships Limited, Amber Infrastructure Group and Transmission Investment). The Company received £666,095k on completion of the sale agreement.”
- “The Company opted to commence its CfD arrangement with Low Carbon Contracts Company on 4 March 2024.”
- “The stake sale by Delphis Holdings Limited and China Three Gorges (UK) Limited was completed on 3 May 2024. Following the completion of sale, the ownership of MEHL (the Company's parent) is now comprising of Moray Offshore Renewable Power Limited at 33.3%, Delphis Holdings Limited at 6.7%, Diamond Green Limited 33.4% and Equitix Anemoi Bidco Limited 26.6%.”
- “The Company on 30 January 2025 has declared an Interim dividend of £43,440k to its parent (followed by MEHL issuing dividends to its shareholders).”
- “The UK energy regulator, Ofgem, has in April 2025 initiated an investigation into the Company's compliance with certain aspects of its electricity generation licence.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALTRIA, Stephen Jonathan | Director | 2019-12-24 | Dec 1966 | British |
| ANDREW, Edmund George | Director | 2024-05-03 | Jan 1987 | British |
| FLYNN, Rowland Tom Harvey | Director | 2024-05-03 | Aug 1986 | British |
| HAYASAKI, Manabu | Director | 2024-05-09 | Jun 1979 | Japanese |
| KITAGAWA, Shinichiro | Director | 2025-07-04 | Sep 1984 | Japanese |
| MORRISON, Adam Ross | Director | 2024-04-09 | Jan 1981 | British |
| RODRIGUEZ SANCHEZ, Bautista Julio | Director | 2024-07-26 | Nov 1961 | Spanish |
| VAN HOYWEGHEN, Daan Monique | Director | 2024-07-26 | Jul 1982 | Belgian |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALCOCK, David George | Director | 2017-07-07 | 2019-02-14 |
| ALTRIA, Stephen Jonathan | Director | 2019-03-27 | 2019-12-24 |
| BONNAR, Ronald | Director | 2009-12-10 | 2016-01-29 |
| BROWN, Catharine Leigh | Director | 2019-01-18 | 2019-12-24 |
| CHEREL-SPARHAM, Delphine Claire Marie | Director | 2019-02-14 | 2020-07-30 |
| COLLAR, Antonio Perez | Director | 2014-08-07 | 2016-01-29 |
| CORTEZON SANTACLARA, Julio | Director | 2011-06-28 | 2014-08-06 |
| DE ABREU ADAO DA FONSECA, Luis | Director | 2009-12-10 | 2012-09-24 |
| DIAS AMARO, Miguel | Director | 2015-05-05 | 2017-09-26 |
| DÍAZ MARTÍN-FORERO, Oscar | Director | 2019-05-14 | 2024-07-26 |
| FINCH, Daniel Henry | Director | 2016-11-23 | 2024-05-03 |
| GARCIA-CONDE NORIEGA, Emilio | Director | 2009-12-10 | 2018-11-09 |
| GORSKI, Grzegorz | Director | 2020-07-30 | 2024-07-26 |
| HAINDADAY, Mohamed Raza | Director | 2020-02-17 | 2023-03-08 |
| HAY, Thomas Stuart John | Director | 2019-07-16 | 2019-08-08 |
| HERRERO, Ignacio, Mr. | Director | 2018-12-21 | 2024-05-03 |
| HORIGUCHI, Kazuhiro | Director | 2019-08-26 | 2019-08-29 |
| KONDA, Yoshiro | Director | 2023-03-01 | 2024-05-09 |
| KUMURA, Fukashi | Director | 2019-01-18 | 2022-07-21 |
| LESCAL, Nicolas | Director | 2018-03-22 | 2018-03-24 |
| MAINO, Matteo Maria | Director | 2017-07-07 | 2023-09-30 |
| MARTINIS SPETTEL, Spyridon | Director | 2019-02-18 | 2021-11-30 |
| MENENDEZ, Marta Mendez Villaamil | Director | 2017-06-14 | 2018-03-23 |
| MENÉNDEZ, Marta Méndez-Villaamil | Director | 2018-07-16 | 2018-07-19 |
| MURATA, Makoto | Director | 2022-07-21 | 2025-06-30 |
| NOBUHARA, Toshiaki | Director | 2018-03-23 | 2019-01-18 |
| NOGUEIRA DE SOUSA COSTEIRA, Joao Paulo | Director | 2009-12-10 | 2019-02-15 |
| PRADO BALBOA, Miguel Angel | Director | 2017-06-14 | 2017-11-17 |
| RODRIGUEZ SANCHEZ, Bautista Julio | Director | 2009-12-10 | 2019-05-14 |
| SANCHEZ, Bautista Julio Rodriguez | Director | 2021-11-30 | 2024-04-08 |
| STAADECKER, Joel Bonnar | Director | 2009-12-10 | 2011-06-28 |
| SUMMAVIELLE, Joao Pedro Burnay | Director | 2017-12-13 | 2018-12-21 |
| SUZUKI, Keiichi | Director | 2018-03-23 | 2020-03-31 |
| TEIXEIRA, Rui | Director | 2012-09-24 | 2015-05-05 |
| THOMPSON, Samuel William | Director | 2019-03-27 | 2023-02-20 |
| THOMPSON, Samuel William | Director | 2018-11-09 | 2019-01-18 |
| UMEMURA, Yasushi | Director | 2020-04-01 | 2023-03-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Moray East Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-07-19 | Active |
| Moray Offshore Renewable Power Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2016-11-30 | Ceased 2018-07-19 |
Filing timeline
Last 20 of 159 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-20 | ANNOTATION | miscellaneous | Legacy | |
| 2025-08-20 | ANNOTATION | miscellaneous | Legacy | |
| 2025-07-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-22 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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.