GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC
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Cash
£9k
Latest balance sheet
Net assets
£6m
Equity attributable
Employees
0
Average over period
Profit before tax
-£3.9m
Period ending 2026-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
Since the start of the Managed Wind Down in July 2021, the going concern basis of accounting in preparing the financial statements was no longer considered to be appropriate. On this basis, the VCT's financial statements have been prepared on a basis other than going concern.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-09-30 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,690,000 | £1,136,000 | — | |
| Operating profit | -£2,418,000 | -£3,918,000 | — | |
| Profit before tax | -£2,418,000 | -£3,918,000 | — | |
| Net profit | -£2,418,000 | -£3,918,000 | — | |
| Cash | £1,000 | £9,000 | — | |
| Total assets less current liabilities | £9,904,000 | £5,986,000 | — | |
| Net assets | £9,904,000 | £5,986,000 | — | |
| Equity | £9,904,000 | £5,986,000 | — | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £82,000 | £148,000 | — | |
| Highest paid director | £29,494 | £52,600 | — |
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 —. Year-on-year comparison hidden: this filing covers about 18 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-09-30 | 2026-03-31 |
|---|---|---|---|
| Operating margin | -143.1% | — | |
| Net margin | -143.1% | — | |
| Return on capital employed | -24.4% | -65.5% | |
| Gearing (liabilities / total assets) | 31.8% | 42.1% | |
| Current ratio | 3.15x | 2.38x |
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. 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
- GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC 2019-03-07 → present
- HAZEL RENEWABLE ENERGY VCT1 PLC 2010-09-16 → 2019-03-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“Since the start of the Managed Wind Down in July 2021, the going concern basis of accounting in preparing the financial statements was no longer considered to be appropriate. On this basis, the VCT's financial statements have been prepared on a basis other than going concern.”
Significant events
- “The sale of the remaining solar assets announced on 23 June 2026 completes the Company's realisation strategy following Shareholder approval in July 2021.”
- “The Board intends to issue a circular in early August 2026 to convene a General Meeting of the Company on 2 September 2026 with a resolution to place the Company into MVL.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2019-10-30 | — | — |
| CLARK, Giles Anthony | Director | 2022-09-30 | Oct 1967 | British |
| HUNTER, David Edgar | Director | 2019-09-18 | Feb 1955 | British |
| NOTT, Gillian | Director | 2018-05-01 | May 1945 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANES, Alan Lawrence | Secretary | 2010-09-16 | 2010-09-28 |
| WHITEHOUSE, Grant Leslie | Secretary | 2010-09-28 | 2019-10-30 |
| WATERLOW SECRETARIES LIMITED | Corporate Secretary | 2010-09-16 | 2010-09-16 |
| BANES, Alan Lawrence | Director | 2010-09-16 | 2010-09-28 |
| CUNNINGHAM, Harold Michael Clunie | Director | 2010-09-28 | 2017-07-04 |
| DAVIES, Dunstana Adeshola | Director | 2010-09-16 | 2010-09-16 |
| GRIERSON, John Duncan | Director | 2018-07-16 | 2022-09-30 |
| GUEST, Benjamin James Ernest | Director | 2010-09-28 | 2016-03-07 |
| HAY, Stephen John | Director | 2010-09-28 | 2018-04-30 |
| HUNT, Anthony Jonathan | Director | 2010-09-16 | 2010-09-28 |
| KNIGHT, Stuart James | Director | 2017-01-31 | 2022-09-30 |
| WATERLOW NOMINEES LIMITED | Corporate Director | 2010-09-16 | 2010-09-16 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 138 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-02 RESOLUTIONS Resolution
- 2024-04-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-08-21 | AA | accounts | Accounts with accounts type interim | |
| 2026-08-14 | AA | accounts | Accounts with accounts type full | |
| 2026-07-27 | AA | accounts | Accounts with accounts type interim | |
| 2026-07-27 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2025-11-28 | AA01 | accounts | Change account reference date company current extended | |
| 2025-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-16 | AA | accounts | Accounts with accounts type interim | |
| 2025-04-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-07 | AA | accounts | Accounts with accounts type full | |
| 2024-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-23 | AD02 | address | Change sail address company with old address new address | |
| 2024-08-12 | AA | accounts | Accounts with accounts type interim | |
| 2024-04-04 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-09 | AA | accounts | Accounts with accounts type full | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-20 | AA | accounts | Accounts with accounts type interim | |
| 2023-05-25 | MISC | miscellaneous | Miscellaneous | |
| 2023-05-25 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-05-25 | OC | miscellaneous | Court order |
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.