GORE STREET ENERGY STORAGE FUND PLC
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Cash
£6.2m
-35.1% lowest in 3 filed years
Net assets
£378m
-27.2% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£120m
-1,379.8% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-09-11.
-
Material uncertainty over going concern
We draw attention to Note 2 in the financial statements, which indicates that the Company has net current liabilities and requires successful fundraising / refinancing and/or covenant headroom, including the payment of quarterly dividends, are dependent upon the successful continuation vote from the Shareholder, to ensure that the Company can continue to operate for the period to 30 September 2027, an event or condition that may cast significant doubt over the Company’s ability to continue as a going concern.
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £32,309,146 | £16,540,668 | — | — | |
| Operating profit | £24,383,240 | £9,362,122 | — | — | |
| Profit before tax | £24,383,240 | £9,362,122 | -£119,813,094 | -1,379.8% | |
| Net profit | -£5,658,539 | £6,184,203 | -£119,813,094 | -2,037.4% | |
| Cash | £60,667,572 | £9,595,425 | £6,227,316 | -35.1% | |
| Total assets less current liabilities | £540,696,493 | £519,294,223 | £378,247,461 | -27.2% | |
| Net assets | £540,696,493 | £519,294,223 | £378,247,461 | -27.2% | |
| Equity | £540,696,493 | £519,294,223 | £378,247,461 | -27.2% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £273,083 | £285,000 | £343,234 | +20.4% | |
| Highest paid director | — | £49,000 | £79,000 | +61.2% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 75.5% | 56.6% | — | |
| Net margin | -17.5% | 37.4% | — | |
| Return on capital employed | 4.5% | 1.8% | — | |
| Gearing (liabilities / total assets) | 0.4% | 0.1% | 0.4% | |
| Current ratio | 28.45x | 14.56x | 4.81x | |
| Interest cover | — | 2.95x | — |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 2 in the financial statements, which indicates that the Company has net current liabilities and requires successful fundraising / refinancing and/or covenant headroom, including the payment of quarterly dividends, are dependent upon the successful continuation vote from the Shareholder, to ensure that the Company can continue to operate for the period to 30 September 2027, an event or condition that may cast significant doubt over the Company’s ability to continue as a going concern.”
Group structure
- GORE STREET ENERGY STORAGE FUND PLC · parent
- GSF Albion Limited 100%
- GSF Albion 100%
- NK Boutley Energy Storage Limited 99.999%
- Kiel Power ES-B Limited 49%
- GSP Boutley Holdings Limited 100%
- Mulcahy Energy Limited 51%
- Porterstown Battery Storage Limited 100%
- Tullaghblushy Energy Limited 100%
- Screggagh Storage Facility Limited 100%
- GSD1 Energy Storage Limited 100%
- Gore Street Energy Storage Limited 100%
- Hulley Energy Storage Limited 100%
- Middleton Energy Storage Limited 100%
- Redhouse Energy Storage Limited 100%
- Lescar Battery Storage Limited 100%
- Stony Energy Storage Limited 100%
- Enderby Energy Storage Limited 100%
- GSF Americas Inc 100%
- GSE Capital LLC 100%
- GSF Cremzow Ventures GmbH 90%
- GSE-I LLC 100%
- Sweetwater ESS Assets, LLC 100%
- GSE Snyder LLC 100%
- Cedar Hill ESS Assets, LLC 100%
- Wichita Falls ESS Assets, LLC 100%
- Dogfish ESS Assets, LLC 100%
- Gore Street Facilities Management Inc. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LIMITED, Gore Street Services | Secretary | 2022-09-14 | — | — |
| CRIGHTON, Norman | Director | 2025-10-22 | Jun 1966 | British |
| GORDON LENNOX, Angus Charles | Director | 2025-10-22 | Feb 1964 | British |
| HIGGINS, Christine Anne | Director | 2026-02-01 | Feb 1959 | British |
| MERRIWEATHER, Simon Martin | Director | 2025-09-18 | Nov 1964 | British |
| PICKARD, Keith William | Director | 2026-02-01 | Jun 1968 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2018-01-19 | 2022-09-14 |
| ARIMA, Suminori | Director | 2018-02-01 | 2018-02-22 |
| BANSZKY, Caroline Janet | Director | 2018-02-22 | 2026-03-31 |
| COX, Patrick | Director | 2018-02-22 | 2026-03-31 |
| KING, Malcolm Robert | Director | 2018-02-22 | 2025-12-16 |
| MURLEY, Thomas Scott | Director | 2018-02-22 | 2025-12-16 |
| O'CINNEIDE, Alex Brian | Director | 2018-02-01 | 2018-02-22 |
| SAUNDERS, William Alexander | Director | 2018-01-19 | 2018-02-01 |
| SCENNA, Lisa | Director | 2023-05-01 | 2026-03-31 |
| SILVER, Victoria Anne | Director | 2018-01-19 | 2018-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr William Alexander Saunders | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-01-19 | Ceased 2018-05-25 |
Filing timeline
Last 20 of 95 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-24 RESOLUTIONS Resolution
- 2024-09-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-05 | AA | accounts | Accounts with accounts type full | |
| 2025-07-22 | AD02 | address | Change sail address company with old address new address | |
| 2024-12-05 | AD02 | address | Change sail address company with old address new address | |
| 2024-09-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-21 | AA | accounts | Accounts with accounts type full | |
| 2024-04-08 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 5
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.