SOUTH SHIELDS ENERGY STORAGE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-01 (in 3mo)
Last made up 2025-07-18
Watchouts
Cash
£255K
-60.1% vs 2023
Net assets
-£2M
-1,795.9% vs 2023
Employees
3
-25% vs 2023
Profit before tax
-£2M
-68.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £3,234,092 | £2,021,520 | |
| Operating profit | £679,665 | -£281,936 | |
| Profit before tax | -£1,199,207 | -£2,023,813 | |
| Net profit | -£1,084,228 | -£2,023,813 | |
| Cash | £639,990 | £255,379 | |
| Total assets less current liabilities | £328,962 | -£1,668,422 | |
| Net assets | £112,692 | -£1,911,121 | |
| Equity | £112,692 | -£1,911,121 | |
| Average employees | 4 | 3 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
-37.5%
£3,234,092 £2,021,520
-
Cash
-60.1%
£639,990 £255,379
-
Net assets
-1,795.9%
£112,692 -£1,911,121
-
Employees
-25%
4 3
-
Operating profit
-141.5%
£679,665 -£281,936
-
Profit before tax
-68.8%
-£1,199,207 -£2,023,813
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 21.0% | -13.9% | |
| Net margin | -33.5% | -100.1% | |
| Return on capital employed | 206.6% | 16.9% | |
| Current ratio | 0.66x | 0.11x | |
| Interest cover | 0.36x | -0.25x |
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
- SOUTH SHIELDS ENERGY STORAGE LTD 2024-01-16 → present
- PORT OF TYNE ENERGY STORAGE LTD 2021-02-03 → 2024-01-16
- FS PORT OF TYNE LIMITED 2017-08-31 → 2021-02-03
- BATTERY ENERGY STORAGE SERVICES 4 LIMITED 2016-07-11 → 2017-08-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Impairment of assets under construction of £622,919 in 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BECK, Stephen James | Director | 2021-01-29 | Dec 1973 | British |
| GUEST, Benjamin James Ernest | Director | 2021-01-29 | Mar 1973 | British |
| VON SCHMIEDER, Charles Siddhartha | Director | 2022-06-10 | Oct 1972 | Irish |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HEARTH, Dominic James | Secretary | 2016-07-11 | 2017-06-19 |
| AYDINOGLU, Bozkurt | Director | 2021-01-29 | 2023-06-30 |
| FRENCH, Tim | Director | 2016-11-23 | 2017-06-19 |
| OWEN, Gareth Edward | Director | 2021-01-29 | 2024-03-15 |
| RUFFLE, Rachel | Director | 2016-11-23 | 2017-06-19 |
| RUSSELL, Richard Paul | Director | 2016-07-11 | 2017-06-19 |
| SAUVEN, Robert Hugh | Director | 2016-07-11 | 2016-09-23 |
| SHAW, Graham Ernest | Director | 2017-08-23 | 2021-01-29 |
| THOMPSON, Richard James | Director | 2017-06-19 | 2017-08-23 |
| VINNICOMBE, Katherine Rachel | Director | 2017-06-19 | 2017-08-23 |
| PINECROFT CORPORATE SERVICES LIMITED | Corporate Director | 2017-08-23 | 2021-01-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Grid Holdco 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, right-to-appoint-and-remove-directors-as-firm | 2025-08-22 | Active |
| Gresham House Energy Storage Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-29 | Ceased 2025-08-22 |
| Port Of Tyne Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, voting-rights-75-to-100-percent-as-firm | 2017-06-19 | Ceased 2021-01-29 |
| Res Uk & Ireland Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-11 | Ceased 2017-06-19 |
Filing timeline
Last 20 of 69 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-16 CERTNM Certificate change of name company PDF
- 2021-10-06 MA Memorandum articles
- 2021-10-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-12-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-16 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-16 | AA | accounts | Accounts with accounts type full | |
| 2022-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-15 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-26 | AA01 | accounts | Change account reference date company previous extended | |
| 2021-10-07 | AA | accounts | Accounts with accounts type full | |
| 2021-10-06 | MA | incorporation | Memorandum articles | |
| 2021-10-06 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.