GRANGEMOUTH ENERGY COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-06 (in 1mo)
Last made up 2025-05-23
Watchouts
Cash
£45K
+2.3% vs 2023
Net assets
-£391M
-38.7% vs 2023
Employees
0
Average over period
Profit before tax
-£109M
+45% 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 | — | — | |
| Operating profit | -£180,144,000 | -£88,057,000 | |
| Profit before tax | -£198,351,000 | -£109,078,000 | |
| Net profit | -£198,385,000 | -£109,078,000 | |
| Cash | £44,000 | £45,000 | |
| Total assets less current liabilities | £12,306,000 | -£78,539,000 | |
| Net assets | -£282,139,000 | -£391,217,000 | |
| Equity | -£282,139,000 | -£391,217,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £0 | £0 |
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
—
Not reported
-
Cash
+2.3%
£44,000 £45,000
-
Net assets
-38.7%
-£282,139,000 -£391,217,000
-
Employees
—
Not reported
-
Operating profit
+51.1%
-£180,144,000 -£88,057,000
-
Profit before tax
+45%
-£198,351,000 -£109,078,000
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 |
|---|---|---|---|
| Return on capital employed | -1463.9% | 112.1% | |
| Gearing (liabilities / total assets) | 389.3% | 3986.1% | |
| Current ratio | 0.12x | 0.11x | |
| Interest cover | -9.75x | -4.16x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the parent's going concern assessment confirms that there is sufficient forecast committed liquidity headroom for the parent to provide this support and the Company will therefore have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “On 5 April 2022, due to escalating costs on the new energy project due to a number of contributing factors such as commodity prices, the directors took the decision to temporarily suspend the project.”
- “During August 2025, the New Energy Project shareholder loan owed to Petroineos Refining Limited, a related party, was novated to INEOS Grangemouth Limited.”
- “During August 2025, Grangemouth Energy Company Limited P ordinary shares and non-voting ordinary shares, previously held by Petroineos Refining Limited, was transferred to INEOS Grangemouth Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOUND, Christopher Garrick | Secretary | 2023-11-11 | — | — |
| MACLENNAN, Graham Robert | Director | 2024-11-01 | Nov 1973 | British |
| MOUND, Christopher Garrick | Director | 2021-01-22 | Apr 1982 | British |
| WILLIAMSON, Nick | Director | 2025-10-01 | Nov 1962 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRANT, Peter Quentin | Secretary | 2018-05-26 | 2023-11-10 |
| COLLINGS, Stuart Michael | Director | 2020-11-12 | 2025-10-01 |
| GRANT, Peter Quentin | Director | 2018-05-26 | 2023-11-10 |
| HANNEMANN, Tobias | Director | 2019-08-01 | 2020-11-12 |
| HEPBURN, Gerard Stephen | Director | 2018-05-26 | 2021-01-22 |
| HOGAN, Alex | Director | 2023-12-01 | 2024-10-31 |
| MCNALLY, John Paul | Director | 2018-05-26 | 2019-08-01 |
| WANG, Xinhong | Director | 2018-06-07 | 2025-08-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ineos Grangemouth Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-09-01 | Active |
| Petroineos Refining Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-06-07 | Ceased 2025-08-19 |
| Ineos Industries Holdings Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2018-05-26 | Ceased 2019-09-01 |
Filing timeline
Last 20 of 52 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-16 MA Memorandum articles
- 2025-12-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-17 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-12-17 | SH08 | capital | Capital name of class of shares | |
| 2025-12-16 | MA | incorporation | Memorandum articles | |
| 2025-12-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-05 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 2
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.