SPIE WIND CONNECT LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-25 (in 8mo)
Last made up 2026-01-11
Watchouts
None on the register
Cash
£1M
+371.7% highest in 5 filed years
Net assets
-£5M
-13.8% lowest in 5 filed years
Employees
133
+40% highest in 5 filed years
Profit before tax
-£1M
+82.5% vs 2023
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £57,479,577 | £37,660,060 | |
| Operating profit | — | — | — | -£7,280,188 | -£671,743 | |
| Profit before tax | — | — | — | -£7,944,653 | -£1,389,916 | |
| Net profit | — | — | — | -£7,688,702 | -£629,965 | |
| Cash | £191,755 | £54,079 | £380,250 | £308,800 | £1,456,474 | |
| Total assets less current liabilities | £797,431 | £1,885,414 | £3,429,388 | £942,689 | -£3,160,512 | |
| Net assets | £727,992 | £1,660,448 | £3,113,725 | -£4,560,238 | -£5,190,203 | |
| Equity | £727,992 | £1,660,448 | £3,113,725 | -£4,560,238 | -£5,190,203 | |
| Average employees | 5 | 7 | 18 | 95 | 133 | |
| Wages | — | — | — | £5,706,084 | £6,979,675 | |
| Directors' remuneration | — | — | — | £417,462 | £124,750 |
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
-34.5%
£57,479,577 £37,660,060
-
Cash
+371.7%
£308,800 £1,456,474
highest in 5 filed years
-
Net assets
-13.8%
-£4,560,238 -£5,190,203
lowest in 5 filed years
-
Employees
+40%
95 133
highest in 5 filed years
-
Operating profit
+90.8%
-£7,280,188 -£671,743
-
Profit before tax
+82.5%
-£7,944,653 -£1,389,916
-
Wages
+22.3%
£5,706,084 £6,979,675
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -12.7% | -1.8% | |
| Net margin | — | — | — | -13.4% | -1.7% | |
| Return on capital employed | — | — | — | -772.3% | 21.3% | |
| Current ratio | — | — | — | 0.92x | 0.71x | |
| Interest cover | — | — | — | -10.96x | -0.94x |
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 3 times since incorporation — the current trading name was adopted 2025-01-29
- SPIE WIND CONNECT LTD 2025-01-29 → present
- CORRELL ELECTRICAL ENGINEERING LIMITED 2021-05-06 → 2025-01-29
- CORRELL HV LV FO SERVICES LIMITED 2021-04-26 → 2021-05-06
- CORRELL SERVICES LTD 2014-12-23 → 2021-04-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company, SPIE Global Service Energy. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, given the directors have received confirmation that SPIE Global Service Energy intend to support the company for at least one year after these financial statements are signed.”
Group structure
- SPIE WIND CONNECT LTD · parent
- SPIE Wind Connect Inc 100%
Significant events
- “SPIE Wind Connect sales reduced in the year as expected due to reduced projects and delays to projects starting. Sales fell by £19.8m (34%) compared to the previous year (2024: £37.7m; 2023: £57.5m restated).”
- “Net loss improved as the company continues to recover (2024: £0.6m loss; 2023: £7.7m loss restated).”
- “SPIE Wind Connect has diversified its product range through the launches of CIPS and HVM services and also expanded into new geographical territories to further drive growth and aims to secure further framework agreements with key clients to mitigate operational concentration and seasonality.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BERNHART, Christophe Laurent | Director | 2024-01-03 | Sep 1971 | French |
| PETRACCIA, Gianluca | Director | 2024-09-24 | Aug 1976 | Italian |
| SENIOR, Michael Frank | Director | 2026-03-20 | Mar 1981 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AMBROSE, Paul | Director | 2015-05-07 | 2015-11-10 |
| BARNABE, Guillaume | Director | 2024-01-03 | 2024-09-24 |
| BRIGGS, Geoffrey Keith | Director | 2023-03-24 | 2024-01-03 |
| BURNS, Christopher John | Director | 2023-03-24 | 2024-01-03 |
| DINSDALE, Peter Mark | Director | 2014-12-23 | 2016-12-02 |
| DOWEY, Samuel David | Director | 2014-12-23 | 2026-03-20 |
| JENNINGS, Barry John | Director | 2021-04-20 | 2022-03-16 |
| PARRY, Neil Boswell | Director | 2017-11-13 | 2018-09-27 |
| SENIOR, Michael Frank | Director | 2023-03-24 | 2024-01-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Spie Sa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-01-03 | Active |
| Mr Christopher Topp | Individual | Shares 50–75%, Voting 50–75% | 2020-05-14 | Ceased 2024-01-03 |
| Mr Birger Topp | Individual | Shares 25–50% | 2017-11-13 | Ceased 2020-05-14 |
| Mr Samuel David Dowey | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-01-03 |
Filing timeline
Last 20 of 74 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-29 CERTNM Certificate change of name company PDF
- 2024-01-16 MA Memorandum articles
- 2024-01-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-21 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-18 | AA | accounts | Accounts with accounts type full | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-05-02 | AA | accounts | Accounts with accounts type medium | |
| 2025-01-29 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-16 | MA | incorporation | Memorandum articles | |
| 2024-01-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-01-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-05 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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.