MORAY EAST HOLDINGS LIMITED

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

  +17.2%

  £261,753,000 → £306,851,000

• Cash

  +47.8%

  £63,070,000 → £93,212,000

• Net assets

  +7.5%

  £544,396,000 → £585,218,000

• Employees

  0%

  18 → 18

• Operating profit

  +201.3%

  £35,777,000 → £107,813,000

• Profit before tax

  +145.1%

  -£81,727,000 → £36,886,000

• Wages

  0%

  £450,000 → £450,000

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have reviewed the Group's cash flow forecasts, sources of funding and liquidity, and potential mitigating actions for a period out to 30 June 2026 under both a base case and a severe downside scenario. Following this review, they are satisfied that the Group has access to adequate resources to continue funding its operations for the foreseeable future. In addition to the above, the Directors of the Group have also reviewed its regulatory and contractual arrangements with various stakeholders and have concluded that the Group is in a position to meets its obligations to the stakeholders or to take adequate steps to mitigate a potential non-compliance such that there is no impact to the continuous operation of the wind farm.”

Group structure

1. MORAY EAST HOLDINGS LIMITED · parent
   1. Moray Offshore Windfarm (East) Limited 100% · England & Wales · Offshore windfarm operation

Significant events

• “The Group on 15 February 2024 signed an agreement to dispose of its Transmission assets to TC Moray East OFTO Limited (a consortium comprising International Public Partnerships Limited, Amber Infrastructure Group and Transmission Investment).”
• “The Group received £666,095k on completion of the sale agreement.”
• “The Group also declared a dividend of £4,097k to its parent.”
• “The Group opted to commence its CfD arrangement with Low Carbon Contracts Company on 4 March 2024.”
• “The stake sale by Delphis Holdings Limited and China Three Gorges (UK) Limited was completed on 3 May 2024.”
• “The Group on 30 January 2025 has declared an Interim dividend of £43,440k to its shareholders.”
• “The Group has further declared on 24 April 2025 Interim dividend of £29,420k to it its shareholders.”
• “The UK energy regulator, Ofgem, has in April 2025 initiated an investigation into the Group's compliance with certain aspects of its electricity generation licence.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.