HC ESS7 LIMITED

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  Material uncertainty over going concern

  The company has net liabilities of £5.96m and net current liabilities of £20.44m. 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 company's parent undertaking, Grid Holdco 1 Limited, 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. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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  Going-concern uncertainty disclosed

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  Negative shareholders' funds

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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. 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

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company has net liabilities of £5.96m and net current liabilities of £20.44m. 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 company's parent undertaking, Grid Holdco 1 Limited, 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. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “During the year GH ESS7 limited subsidiary was struck off and the aggregate of share capital and reserves became £NIL as at 31 December 2025.”
• “During the year the company capitalised costs of £200,000 (2024: £Nil) incurred from Gresham House Asset Management Limited.”
• “During the year, the group structure was revised and Grid Holdco 1 Limited became the company's immediate parent undertaking. In the prior year, the immediate parent undertaking was Gresham House Energy Storage Holdings Limited. The ultimate parent undertaking and controlling party is Gresham House Energy Storage Fund Plc.”

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.