ORSTED RACE BANK (HOLDING) 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

  -6.5%

  £199,389,466 → £186,431,177

• Cash

  -7.6%

  £8,938,227 → £8,257,398

• Net assets

  -22.2%

  -£316,109,389 → -£386,251,601

• Employees

  —

  Not reported

• Operating profit

  -11.7%

  £121,170,142 → £107,000,755

• Profit before tax

  -20.8%

  £112,162,454 → £88,880,045

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.

1. ORSTED RACE BANK (HOLDING) LIMITED 2017-10-30 → present
2. DONG ENERGY RACE BANK (HOLDING) LIMITED 2016-07-11 → 2017-10-30

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least 12 months from the date of approval of the financial statements.”

Group structure

1. ORSTED RACE BANK (HOLDING) LIMITED · parent
   1. Race Bank Wind Farm Limited 50% · England · Wind Farm
   2. Race Bank Wind Farm (Holding) Limited 50% · England · Holding Company

Significant events

• “Revenue decreased in 2024 primarily due to lower power generation at Race Bank wind farm due to one-off events related to one of the offshore substations and one of the export cables, as well as lower prices.”
• “Subsequent to the year end, the company signed an amendment to the terms of the loan agreement with Orsted A/S, extending the term of the loan to 2030.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.