MARGAM GREEN ENERGY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-30 (in 6mo)
Last made up 2025-11-16
Watchouts
None on the register
Cash
£6M
+61% vs 2023
Net assets
-£8M
+32% vs 2023
Employees
3
0% vs 2023
Profit before tax
£4M
+388.6% vs 2023
Net assets
5-year trend · vs Utilities median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £38,857,450 | £40,144,198 | |
| Operating profit | — | — | — | £6,110,952 | £11,383,519 | |
| Profit before tax | — | — | — | -£1,496,849 | £4,320,346 | |
| Net profit | — | — | — | -£2,285,784 | £3,919,949 | |
| Cash | £8,427,612 | £15,111,979 | £33,721,965 | £3,423,411 | £5,513,127 | |
| Total assets less current liabilities | — | — | — | £107,625,094 | £111,945,441 | |
| Net assets | — | — | — | -£12,263,788 | -£8,343,838 | |
| Equity | — | — | — | -£12,263,788 | -£8,343,838 | |
| Average employees | — | — | — | 3 | 3 | |
| Wages | — | — | — | — | — | |
| 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
+3.3%
£38,857,450 £40,144,198
-
Cash
+61%
£3,423,411 £5,513,127
-
Net assets
+32%
-£12,263,788 -£8,343,838
-
Employees
0%
3 3
-
Operating profit
+86.3%
£6,110,952 £11,383,519
-
Profit before tax
+388.6%
-£1,496,849 £4,320,346
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 15.7% | 28.4% | |
| Net margin | — | — | — | -5.9% | 9.8% | |
| Return on capital employed | — | — | — | 5.7% | 10.2% | |
| Gearing (liabilities / total assets) | — | — | — | 110.5% | 106.8% | |
| Current ratio | — | — | — | 1.64x | 2.73x | |
| Interest cover | — | — | — | 0.75x | 1.59x |
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
- MARGAM GREEN ENERGY LIMITED 2013-08-20 → present
- MANDACO 764 LIMITED 2013-03-12 → 2013-08-20
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “Unplanned outages continued throughout 2024, leading the board's decision to terminate the Operations and Maintenance (O&M) agreement, effective November 2024. The newly appointed operator has taken over the O&M and since the year-end, they have implemented a schedule of planned maintenance activities, including improvement works aimed at enhancing the plant's operational reliability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOUIS, Medette | Director | 2025-02-28 | Aug 1988 | British |
| SARANDIDIS, Apostolos | Director | 2023-10-12 | May 1974 | Greek |
| UNWIN, Hugh Alexander | Director | 2022-04-27 | Jul 1972 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ACUITY SECRETARIES LIMITED | Corporate Secretary | 2013-03-12 | 2013-09-05 |
| EVERSECRETARY LIMITED | Corporate Secretary | 2015-01-22 | 2021-02-01 |
| LDC NOMINEE SECRETARY LIMITED | Corporate Secretary | 2021-02-01 | 2022-04-27 |
| BERGSMA, Joost Hessel Louis | Director | 2015-01-22 | 2022-04-27 |
| BERRY, Stephen Richard | Director | 2013-03-12 | 2013-09-05 |
| DARWELL, Peter | Director | 2013-09-05 | 2015-01-22 |
| DICKSON, Peter Robert | Director | 2015-01-22 | 2022-04-27 |
| JAMES, Emma Louise | Director | 2013-09-05 | 2015-01-22 |
| JAMES, Michael Richard | Director | 2013-09-05 | 2015-01-22 |
| JAMES, Robert George | Director | 2013-09-05 | 2015-01-22 |
| JAMES, William Frazer | Director | 2013-09-05 | 2015-01-22 |
| MCINNES, Charles Malcolm | Director | 2013-09-05 | 2015-01-22 |
| PATEL, Minal | Director | 2022-04-27 | 2025-03-04 |
| REID, James Alastair | Director | 2022-04-27 | 2023-10-12 |
| TOFT, Andrew Jonathan, Dr | Director | 2013-09-05 | 2015-01-22 |
| WHITTALL, Adrian John | Director | 2013-09-05 | 2015-01-22 |
| WILLIAMS, Darren | Director | 2013-09-05 | 2015-01-22 |
| WILLIAMS, David James, Dr | Director | 2013-09-05 | 2015-01-22 |
| M AND A NOMINEES LIMITED | Corporate Director | 2013-03-12 | 2013-09-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Greencoat Brecon Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-27 | Active |
| Cep Biomass Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-04-27 |
Filing timeline
Last 20 of 96 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-12-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-11-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-19 | AA | accounts | Accounts with accounts type full | |
| 2024-09-16 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-16 | CH01 | officers | Change person director company with change date | |
| 2023-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-21 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.