ANDINA ENERGIES PLC
Get an alert when ANDINA ENERGIES PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£27M
US$ 35,710,000
+8,322.2% vs 2023
Net assets
£302M
US$ 403,319,000
+158.9% vs 2023
Employees
742
+3.1% vs 2023
Profit before tax
£78M
US$ 104,156,000
-0.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-06-20.
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £130,476,119 | £358,258,721 | +174.6% | |
| Operating profit | -£6,737,536 | £70,796,526 | +1,150.8% | |
| Profit before tax | £78,458,602 | £77,972,750 | -0.6% | |
| Net profit | £44,392,873 | £65,969,457 | +48.6% | |
| Cash | £317,413 | £26,733,044 | +8,322.2% | |
| Total assets less current liabilities | £207,808,055 | £457,521,336 | +120.2% | |
| Net assets | £116,600,539 | £301,930,678 | +158.9% | |
| Equity | £116,600,539 | £301,930,678 | +158.9% | |
| Average employees | 720 | 742 | +3.1% | |
| Wages | — | — | — | |
| Directors' remuneration | £30,963 | £61,331 | +98.1% |
Figures converted to GBP from US$ at 0.749 per US$ (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|
| Operating margin | -5.2% | 19.8% | |
| Net margin | 34.0% | 18.4% | |
| Return on capital employed | -3.2% | 15.5% | |
| Gearing (liabilities / total assets) | 57.3% | 50.9% | |
| Current ratio | 0.94x | 1.32x | |
| Interest cover | -0.19x | 1.45x |
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 2 times since incorporation — the current trading name was adopted 2025-07-16
- ANDINA ENERGIES PLC 2025-07-16 → present
- ANDINA ENERGY PLC 2025-03-24 → 2025-07-16
- ANDINA PLC 2012-06-06 → 2025-03-24
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the Directors have a reasonable expectation that the Group and the Company will have adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of signing. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.”
Group structure
- ANDINA ENERGIES PLC · parent
- Andina Electricidad Limited 100%
- Andina Electricidad S.A. 100%
- Andina Consultores y servicios S.A.U. 100%
- Inversora Andina de Electricidad S.A. 100%
- Mendinvert S.A. 100%
- SODEMSA 100%
- Empresa Distribuidora de Electricidad de Mendoza S.A. 51%
- EDEMSA Servicios SAU 51%
Significant events
- “On 16 July 2025, the Company changed its name to Andina Energies Plc reflecting its strategic commitment to sustainable energy development and infrastructure modernisation.”
- “On 18 April 2024, the Company entered into a settlement agreement with CROSGO Trading LTD. At the date of the agreement, the financial liability amounted to US$21.3 million. In accordance with the terms of the agreement, the debt was settled through the issuance of ordinary shares on 28 June 2024”
- “EDEMSA's concession agreement was granted in 1998 for a term of 30 years and was extended on 31 January 2023 for an additional period of 20 years.”
- “The 6th RTI, which spans from 1 August 2023 to 31 July 2028, was formally initiated through EPRE Resolution No. 63/22... the new tariff schedules were made effective from 1 November 2023 and 1 February 2024.”
- “Subsequent to the reporting period, the Group completed the acquisition of the Capiz I (20 MW) and Capiz II (30 MW) photovoltaic solar projects...These projects were incorporated into the Group's generation portfolio through the acquisition of 95% of the share capital of Trancura Energía S.A. The share transfer was formalised through a Share Purchase Agreement executed on 27 January 2025.”
- “On 19 February 2025, the Board of Directors of the Company approved the conversion of 106,035,503 ordinary shares of £0.10 each into a new class of enhanced voting shares of £0.10 each, on a one-for-one basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAZER, Pedro Ivan, Mr. | Secretary | 2021-10-27 | — | — |
| ALVAREZ, Javier Francisco | Director | 2022-10-06 | Apr 1972 | British,Argentine |
| BERRUTI, Emilio | Director | 2025-10-17 | Nov 1969 | Argentine |
| BLEASDALE, Neil Arthur | Director | 2013-05-17 | Apr 1956 | British |
| COLLINS, Julian David | Director | 2020-06-12 | Jun 1952 | British |
| COMBA, Marcelo Alberto | Director | 2013-05-17 | Apr 1964 | Argentine |
| DE OLIVEIRA CEZAR, Valeria Ines | Director | 2021-01-29 | Apr 1985 | Argentine,Italian |
| MALLO HUERGO, Ricardo Nicolas | Director | 2021-10-27 | Dec 1969 | Argentine |
| MARTINEZ, Maria Fernanda | Director | 2021-01-29 | Dec 1989 | Argentine |
| MARX, Daniel | Director | 2025-10-17 | Apr 1953 | Argentine |
| MORENO, German Frederico Ranftl | Director | 2025-06-01 | Feb 1966 | Uruguayan |
| SUAREZ, Evangelina Cecilia | Director | 2025-06-01 | Oct 1971 | Argentine |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANCHELERGUEZ HUERTA, Maria Ines | Secretary | 2021-01-29 | 2021-10-27 |
| DUXBURY, Nigel John | Secretary | 2012-06-06 | 2018-04-10 |
| PETRUNGARO, Luis Enrique Alvarez Poli | Secretary | 2018-04-10 | 2021-01-29 |
| AVERSA, Cecilia Ines, Mrs. | Director | 2021-10-27 | 2024-05-24 |
| BASTOS, Carlos Manuel | Director | 2018-05-08 | 2021-01-29 |
| DEPRESBITERIS, Jorge Oscar | Director | 2013-05-17 | 2019-10-31 |
| DUXBURY, Nigel John | Director | 2012-06-06 | 2018-04-10 |
| PETRUNGARO, Luis Enrique Alvarez Poli | Director | 2012-06-06 | 2021-01-29 |
| ROSENBLUT, Jorge | Director | 2019-10-31 | 2022-09-30 |
| SECO, Maria Lucila | Director | 2024-06-27 | 2025-10-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 102 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-19 RESOLUTIONS Resolution
- 2025-07-16 CERTNM Certificate change of name company
- 2025-03-24 CERTNM Certificate change of name company
- 2025-01-30 RESOLUTIONS Resolution
- 2025-01-29 MA Memorandum articles
- 2024-07-09 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-26 | AA | accounts | Accounts with accounts type group | |
| 2025-11-19 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-16 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-29 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-04-22 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-03-24 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-02-26 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-02-19 | SH08 | capital | Capital name of class of shares | |
| 2025-01-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-29 | MA | incorporation | Memorandum articles | |
| 2024-10-08 | AA | accounts | Accounts with accounts type group | |
| 2024-07-15 | SH01 | capital | Capital allotment shares | |
| 2024-07-09 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 6
- Officers appointed
- 2
- 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.