FULL CIRCLE GENERATION HOLDING COMPANY LIMITED

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

• Turnover

  +2.9%

  £21,139,000 → £21,753,000

• Cash

  +27.5%

  £7,035,000 → £8,973,000

• Net assets

  -35.2%

  -£91,745,000 → -£124,054,000

• Employees

  +2.3%

  43 → 44

• Operating profit

  -70.1%

  -£3,928,000 → -£6,682,000

• Profit before tax

  -21.3%

  -£28,314,000 → -£34,354,000

• Wages

  +19.9%

  £2,352,000 → £2,821,000

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

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group has net liabilities as at 31 March 2025 of £124,054,000 (2024: net liabilities of £91,745,000). Included within this are £259,602,000 (2024: £230,443,000) of shareholder loans and accrued interest. The two main funds who have provided the shareholder loans have provided letters of support confirming that the funds will not seek repayment of these loans within 12 months of the signing date of these financial statements. After considering the above matters, the Directors have concluded it is appropriate to prepare these financial statements on a going concern basis.”

Group structure

1. FULL CIRCLE GENERATION HOLDING COMPANY LIMITED · parent
   1. Full Circle Generation Ltd 100% · Northern Ireland

Significant events

• “Following the decision to terminate the EPC and Operation and Maintenance Contracts in July 2021 the Group is continuing its claim to recover costs and damages for losses incurred by the Group due to the subcontractor not meeting the performance requirements under the contracts. The main hearing date is scheduled to be held in Q2 of 2026.”
• “Post year-end the shareholders have made available a fourth additional loan facility of £4.4m. The interest is charged at a rate of 15% and is due for repayment in December 2027. £1.5m of the available £4.4m has been drawn down since the year-end. Furthermore repayment of all other loans were extended to December 2027.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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