PENWORTHAM STORAGE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +50,232.6%

  £2,226 → £1,120,403

• Cash

  +483.6%

  £85,169 → £497,076

• Net assets

  -137.9%

  -£2,398,102 → -£5,704,095

  lowest in 4 filed years

• Employees

  -33.3%

  3 → 2

• Operating profit

  -2,035.4%

  -£38,165 → -£814,981

• Profit before tax

  -171.4%

  -£1,218,202 → -£3,305,993

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

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, Gresham House Energy Storage Holdings Ltd, 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.”

Significant events

• “The principal activity of the company is to develop, build and operate an Energy Storage System Project.”
• “At 31 December 2024, other loans comprised an amounts due to Gresham House Energy Storage Holdings Ltd (GHESH). In 2024, £40,047,098 (2023: £17,673,028) of this amount was due to GHESH. The loan is unsecured and accrues interest at 8% per annum compounding on 31 December each year. The loan is repayable at the earlier of (i) written demand from the lender or (ii) 31 December 2030.”

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

Filings

4

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.