ENCYCLIS IRELAND ASSETS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-08 (in 7mo)
Last made up 2025-11-24
Watchouts
Cash
£46M
EUR 52,386,626
-16.1% vs 2023
Net assets
£222M
EUR 255,170,763
+0.9% vs 2023
Employees
5
0% vs 2023
Profit before tax
£25M
EUR 29,075,606
-19% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £109,287,872 | £100,683,119 | |
| Operating profit | £41,063,886 | £34,145,236 | |
| Profit before tax | £31,230,708 | £25,285,334 | |
| Net profit | £26,391,021 | £20,911,919 | |
| Cash | £54,321,049 | £45,557,549 | |
| Total assets less current liabilities | £483,291,731 | £463,335,069 | |
| Net assets | £220,013,640 | £221,906,916 | |
| Equity | £220,013,640 | £221,906,916 | |
| Average employees | 5 | 5 | |
| Wages | £466,227 | £517,662 | |
| Directors' remuneration | £0 | £0 |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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
-7.9%
£109,287,872 £100,683,119
-
Cash
-16.1%
£54,321,049 £45,557,549
-
Net assets
+0.9%
£220,013,640 £221,906,916
-
Employees
0%
5 5
-
Operating profit
-16.8%
£41,063,886 £34,145,236
-
Profit before tax
-19%
£31,230,708 £25,285,334
-
Wages
+11%
£466,227 £517,662
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 | 37.6% | 33.9% | |
| Net margin | 24.1% | 20.8% | |
| Return on capital employed | 8.5% | 7.4% | |
| Current ratio | 1.22x | 1.25x | |
| Interest cover | 3.57x | 3.02x |
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 1 time since incorporation
- ENCYCLIS IRELAND ASSETS LIMITED 2023-02-07 → present
- COVANTA EUROPE ASSETS LIMITED 2017-11-24 → 2023-02-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed the Group's forecast cashflows for a period of more than twelve months from the date of approval of the financial statements and expect the group and company to continue to be profitable and cash generative for that period. Accordingly, the Directors have concluded that the financial statements be prepared on a going concern basis.”
Group structure
- ENCYCLIS IRELAND ASSETS LIMITED · parent
- Encyclis (Ireland) Limited 100%
- Dublin Waste to Energy Group (Holdings) Designated Activity Company 100%
- Dublin Waste to Energy (Holdings) Limited 100%
- Dublin Waste to Energy Limited 100%
- Dublin Waste to Energy Supply Limited 100%
Significant events
- “A dividend of €7.35m was approved on 1st May 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SIALVI, Hassan Mustafa | Secretary | 2025-07-11 | — | — |
| DE LA MOTTE, Valentin Urban | Director | 2024-10-24 | Oct 1990 | German |
| GREGORY, Maria | Director | 2025-07-11 | Oct 1984 | British |
| MARVELL, Neil Philip | Director | 2022-02-01 | Aug 1982 | British |
| MCSHANE, Anthony Thomas | Director | 2023-03-15 | Dec 1969 | British |
| SHAFQAT, Ahad | Director | 2023-07-23 | Apr 1986 | British |
| WARD, Malcolm John | Director | 2023-07-20 | Feb 1959 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GREGORY, Maria | Secretary | 2023-07-23 | 2025-07-11 |
| OYEGOKE, Toye | Secretary | 2021-01-01 | 2023-07-23 |
| VISTRA COSEC LIMITED | Corporate Secretary | 2017-11-24 | 2021-01-01 |
| ARCHER, Christopher Michael | Director | 2018-02-12 | 2020-12-29 |
| BOLOGNINI, Vincent Louis | Director | 2017-11-24 | 2018-02-12 |
| BURROWS SMITH, Mark | Director | 2025-08-01 | 2025-08-01 |
| CHOWDHARY, Priya | Director | 2022-02-01 | 2023-07-23 |
| DURUKAN, David Samuel, Dr | Director | 2024-04-25 | 2024-10-01 |
| EDGAR, Matthew John | Director | 2018-09-25 | 2022-02-01 |
| FALERO, Louis Javier | Director | 2022-02-01 | 2022-10-06 |
| HARRINGTON, Claudia Estelle | Director | 2022-10-06 | 2023-03-02 |
| HELGESON, Bradford John | Director | 2017-11-24 | 2018-02-12 |
| HOLZMAIR, Stefan Michael | Director | 2025-04-15 | 2025-10-23 |
| HOLZMAIR, Stefan Michael | Director | 2024-10-01 | 2024-10-24 |
| HOLZMAIR, Stefan Michael | Director | 2022-02-01 | 2024-04-25 |
| ISHERWOOD, John Mark | Director | 2018-02-12 | 2018-09-25 |
| KOLTIS, Tommy John | Director | 2017-11-24 | 2023-03-15 |
| MICHAELSON, Richard Owen | Director | 2021-01-01 | 2025-07-01 |
| MULCAHY, Matthew Robert | Director | 2018-02-12 | 2022-02-01 |
| MURPHY, Helen Mary | Director | 2020-12-29 | 2022-02-01 |
| NORTHAM, Edward Patrick | Director | 2018-02-12 | 2022-02-01 |
| VEENHOF, Derek | Director | 2018-02-12 | 2021-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Poolbeg Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-01-11 | Active |
| Dalmatia Wte Eur Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-02-12 | Ceased 2023-01-11 |
| Encyclis Europe Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-11-24 | Active |
Filing timeline
Last 20 of 99 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-17 RESOLUTIONS Resolution
- 2026-04-17 MA Memorandum articles
- 2026-04-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-17 | MA | incorporation | Memorandum articles | |
| 2026-04-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type group | |
| 2025-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-06 | CH01 | officers | Change person director company with change date | |
| 2025-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 4
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.