GWYNT Y MOR OFTO PLC
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Cash
£28m
+47.5% highest in 3 filed years
Net assets
-£52m
-7.1% vs 2025
Employees
0
Average over period
Profit before tax
-£3.1m
-111.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
the forecasted inability to fully repay the accumulated subordinated debt balance, including accrued and capitalised interest, under the existing financing structure represents a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £5,634,000 | £61,480,000 | £13,894,000 | -77.4% | |
| Operating profit | -£592,000 | £29,485,000 | £714,000 | -97.6% | |
| Profit before tax | -£1,975,000 | £27,512,000 | -£3,059,000 | -111.1% | |
| Net profit | -£3,089,000 | £20,529,000 | -£4,083,000 | -119.9% | |
| Cash | £20,528,000 | £18,655,000 | £27,517,000 | +47.5% | |
| Total assets less current liabilities | £275,098,000 | £278,638,000 | £244,694,000 | -12.2% | |
| Net assets | -£71,793,000 | -£48,351,000 | -£51,770,000 | -7.1% | |
| Equity | -£71,793,000 | -£48,351,000 | -£51,770,000 | -7.1% | |
| Average employees | — | 0 | 0 | — | |
| 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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -10.5% | 48.0% | 5.1% | |
| Net margin | -54.8% | 33.4% | -29.4% | |
| Return on capital employed | -0.2% | 10.6% | 0.3% | |
| Gearing (liabilities / total assets) | 122.2% | 114.7% | 117.4% | |
| Current ratio | 1.10x | 1.91x | 1.44x | |
| Interest cover | -0.04x | 1.72x | 0.04x |
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
- GWYNT Y MOR OFTO PLC 2014-12-05 → present
- GWYNT Y MOR OFTO LIMITED 2014-02-25 → 2014-12-05
- ALNERY NO. 3126 LIMITED 2013-11-29 → 2014-02-25
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“the forecasted inability to fully repay the accumulated subordinated debt balance, including accrued and capitalised interest, under the existing financing structure represents a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern”
Significant events
- “On 23 December 2025, Balfour Beatty OFTO Holdings Limited sold its 60% shareholding in Gwynt y Môr OFTO Holdings Limited to Equitix Master Bidco Limited.”
- “During 2025, the repair programme was completed and the remaining defective section of SSEC3 was replaced. SSEC3 returned to service at 100% availability on 30 August 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EQUITIX MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2026-07-30 | — | — |
| BALL, Jonathan | Director | 2024-12-04 | Sep 1980 | British |
| PULUR, Tarkan | Director | 2025-01-10 | Nov 1976 | German |
| ROBERTS, Timothy Mark | Director | 2026-07-03 | Jul 1993 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLDEN, Rosamond | Secretary | 2018-09-26 | 2021-09-03 |
| JANKOWSKI, Mark | Secretary | 2025-12-23 | 2026-07-30 |
| JANKOWSKI, Mark | Secretary | 2021-09-03 | 2025-12-23 |
| MARSHALL, Nigel John | Secretary | 2014-01-31 | 2015-03-19 |
| MCCARTHY, Patrick | Secretary | 2017-09-29 | 2018-09-26 |
| MCCARTHY, Patrick Joseph | Secretary | 2015-03-19 | 2017-03-16 |
| SHUTT, Sarah | Secretary | 2017-03-16 | 2017-09-29 |
| ALNERY INCORPORATIONS NO. 1 LIMITED | Corporate Secretary | 2013-11-29 | 2014-01-31 |
| BURGESS, Benjamin Michael | Director | 2021-02-19 | 2024-02-27 |
| COLLINS, Rebecca | Director | 2014-01-31 | 2020-05-01 |
| CROSSLEY, Hugh Barnabas | Director | 2014-01-31 | 2015-03-19 |
| GILL, Paul Ellis | Director | 2024-02-27 | 2024-12-04 |
| GILL, Paul Ellis | Director | 2020-05-01 | 2022-10-18 |
| JONES, Sion Laurence | Director | 2015-03-19 | 2017-12-21 |
| MCLACHLAN, Sean Kent | Director | 2015-08-20 | 2015-12-17 |
| ORRELL, Stewart | Director | 2014-01-31 | 2015-08-20 |
| RANKMORE, Victoria Jane | Director | 2013-11-29 | 2014-01-31 |
| ROOKE, Simon | Director | 2015-12-17 | 2025-12-23 |
| SHERMAN, Jemma Louise | Director | 2022-10-18 | 2025-01-10 |
| WAKEFIELD, Nathan John, Mr. | Director | 2017-12-21 | 2021-02-19 |
| WALKER, Brian Roland | Director | 2014-01-31 | 2025-12-23 |
| ALNERY INCORPORATIONS NO. 1 LIMITED | Corporate Director | 2013-11-29 | 2014-01-31 |
| ALNERY INCORPORATIONS NO. 2 LIMITED | Corporate Director | 2013-11-29 | 2014-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gwynt Y Mor Ofto Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-11-04 | Active |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-08-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-30 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-07-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-13 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 4
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.