BRIGHTSOURCE ENERGY UK LTD

• ⚠

  Material uncertainty over going concern

  The Company, with its affiliates (the Group), are engaged in a solar thermal project in South Africa and Dubai. The Group is dependent on securing contracts related to the on going support and license of these projects and the mitigation of claims and settlement of the Redstone project contract. This represents a material uncertainty that casts doubt upon the company's ability to continue as a going concern.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -57.5%

  £53,437,198 → £22,685,597

• Cash

  -44.7%

  £783,032 → £432,688

  lowest in 10 filed years

• Net assets

  +2.2%

  £446,358 → £456,189

  highest in 6 filed years

• Employees

  -50%

  4 → 2

  lowest in 6 filed years

• Operating profit

  -19.6%

  -£249,690 → -£298,718

  lowest in 6 filed years

• Profit before tax

  -81.1%

  £52,500 → £9,907

  lowest in 6 filed years

• Wages

  -37.9%

  £364,676 → £226,637

  lowest in 6 filed years

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Xeinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company, with its affiliates (the Group), are engaged in a solar thermal project in South Africa and Dubai. The Group is dependent on securing contracts related to the on going support and license of these projects and the mitigation of claims and settlement of the Redstone project contract. This represents a material uncertainty that casts doubt upon the company's ability to continue as a going concern.”

Significant events

• “During July 2025, after substantial completion of the milestones related to the Redstone project, the Company's affiliate BrightSource Energy South Africa (Pty) Ltd (BSSA) has assigned all of its rights and obligations under the Redstone project contracts to the company. A portion of the commissioning is still ongoing and is being performed by BrightSource Industries (Israel) Ltd (BSII) under the intercompany agreements. The contract assigned by BSSA bears the same liquidated damages (LD) risk as the company's Redstone contract, however, both companies' contracts are liable jointly and severally for these LDs, and therefore there is no additional exposure to the company as a result of this assignment.”
• “During 2025 the company has signed service agreements related to the Redstone and Dubai projects for the support of performance, software and commissioning.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.