CORNWALL POWER (POLMAUGAN) LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£476k
+92.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £1,054,101 | £896,452 | £946,661 | +5.6% | |
| Operating profit | £532,234 | £284,804 | £513,899 | +80.4% | |
| Profit before tax | £494,881 | £247,446 | £476,139 | +92.4% | |
| Net profit | £350,269 | £217,721 | £275,259 | +26.4% | |
| Cash | £550,132 | £127,980 | — | — | |
| Total assets less current liabilities | £5,652,397 | £4,845,003 | — | — | |
| Net assets | £4,522,905 | £3,792,626 | — | — | |
| Equity | £4,522,905 | £3,792,626 | — | — | |
| Average employees | — | — | — | — | |
| 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 | 50.5% | 31.8% | 54.3% | |
| Net margin | 33.2% | 24.3% | 29.1% | |
| Return on capital employed | 9.4% | 5.9% | — | |
| Gearing (liabilities / total assets) | 20.3% | 22.8% | — | |
| Current ratio | 29.38x | 3.93x | — | |
| Interest cover | 14.25x | 7.62x | 13.61x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements, which indicate, the Company will have sufficient funds to meet its liabilities as they fall due for that period. Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDERSON, Neil | Secretary | 2025-04-30 | — | — |
| BHASKAR, Suresh, Mr. | Director | 2025-04-30 | Jan 1973 | Indian |
| FABRITIUS, Thomas | Director | 2025-04-30 | Apr 1984 | French |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEATTIE, Stuart | Secretary | 2019-08-19 | 2020-08-28 |
| CHALMERS, Ian William | Secretary | 2012-06-27 | 2012-09-06 |
| HARRIS, Morgan Leafe Jacqueline | Secretary | 2024-11-25 | 2025-04-30 |
| HARRIS, Morgan Leafe Jacqueline | Secretary | 2022-08-01 | 2024-11-25 |
| KUMAR, Natasha | Secretary | 2020-09-01 | 2022-08-01 |
| ALTENBURGER, Ralph Hellmuth, Dr | Director | 2015-02-28 | 2015-06-29 |
| DURUKAN, David Samuel, Dr | Director | 2022-04-01 | 2024-11-28 |
| FYFFE, David Alexander | Director | 2011-03-18 | 2014-01-20 |
| GENTLES, Ian Thomas | Director | 2015-02-28 | 2024-11-28 |
| HARRIS, Morgan Leafe Jacqueline | Director | 2024-11-28 | 2025-04-30 |
| HOLZMAIR, Stefan Michael | Director | 2018-04-19 | 2022-04-01 |
| JELICIC, Hrvoje | Director | 2015-02-28 | 2017-02-28 |
| KLATT, Nils | Director | 2015-02-28 | 2018-04-19 |
| MCKENZIE, Michael | Director | 2024-11-28 | 2025-04-30 |
| ORTMANN, Benedickt Burchard Maria, Dr | Director | 2014-01-20 | 2015-02-28 |
| SAUER, Alexander Philipp | Director | 2014-01-20 | 2015-02-28 |
| STEGNER, Achim Karl-Heinz, Dr | Director | 2015-08-10 | 2017-02-28 |
| WILLIAMS, Andrew Nicholas Victor | Director | 2012-09-06 | 2014-01-20 |
| WILLIAMS, Andrew Nicholas Victor | Director | 2012-03-14 | 2012-06-25 |
| WILLIAMS, Colin Victor Kenneth | Director | 2012-06-27 | 2012-09-06 |
| WILLIAMS, Simon Justin Colin | Director | 2012-06-27 | 2012-09-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Engie Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-04-30 | Active |
| Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft In München | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-06-01 | Ceased 2025-04-30 |
| Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft In Munchen | Corporate entity | Shares 75–100% | 2020-12-31 | Ceased 2023-06-01 |
| Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2020-12-31 |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-05 | AA | accounts | Accounts with accounts type full | |
| 2026-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-07-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-26 | ANNOTATION | miscellaneous | Legacy | |
| 2025-06-26 | RP04PSC02 | persons-with-significant-control | Second filing notification of a person with significant control | |
| 2025-06-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-30 | RP04PSC07 | persons-with-significant-control | Second filing cessation of a person with significant control | |
| 2025-05-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-10 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-01-10 | RP04AP01 | officers | Second filing of director appointment with name |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.