SOUTH SHIELDS ENERGY STORAGE LTD
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Cash
£458k
+79.4% vs 2024
Net assets
-£1.4m
+28.3% vs 2024
Employees
—
Average over period
Profit before tax
£540k
+126.7% highest in 3 filed years
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.
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £3,234,092 | £2,021,520 | £2,750,356 | +36.1% | |
| Operating profit | £679,665 | -£281,936 | £1,185,415 | +520.5% | |
| Profit before tax | -£1,199,207 | -£2,023,813 | £540,373 | +126.7% | |
| Net profit | -£1,084,228 | -£2,023,813 | £540,373 | +126.7% | |
| Cash | £639,990 | £255,379 | £458,229 | +79.4% | |
| Total assets less current liabilities | £328,962 | -£1,668,422 | -£910,100 | +45.5% | |
| Net assets | £112,692 | -£1,911,121 | -£1,370,748 | +28.3% | |
| Equity | £112,692 | -£1,911,121 | -£1,370,748 | +28.3% | |
| 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. 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 21.0% | -13.9% | 43.1% | |
| Net margin | -33.5% | -100.1% | 19.6% | |
| Return on capital employed | 206.6% | — | — | |
| Gearing (liabilities / total assets) | — | 125.4% | 120.2% | |
| Current ratio | 0.66x | 0.11x | 0.11x | |
| Interest cover | 0.36x | -0.25x | 1.84x |
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
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Forecasts have been prepared that show the company is able to operate for at least 12 months from the date of approval of these financial statements. The directors have also made enquiries with the directors of the immediate parent undertaking, Grid Holdco 1 Limited, with regards to the repayment of the loan the company has with it. As detailed in note 12, the loan is repayable on demand of the lender. The directors understand that this will not be called unless the company has the ability to make the repayment. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “During the year, the group structure was revised and Grid Holdco 1 Limited became the company's immediate parent undertaking. In the prior year, the immediate parent undertaking was Gresham House Energy Storage Holdings Limited.”
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%, Appoints 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 75–100% (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 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-16 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-03 | AA | accounts | Accounts with accounts type full | |
| 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 |
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.