SIMPLE POWER FINCO 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

  —

  Not reported

• Cash

  +29.6%

  £65,721 → £85,197

• Net assets

  -10.7%

  -£14,552,369 → -£16,103,899

• Employees

  —

  Not reported

• Operating profit

  +182.1%

  -£5,201,217 → £4,270,820

• Profit before tax

  +85.8%

  -£10,899,370 → -£1,551,530

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

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)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has net liabilities amounting to £16,103,899 (2023: £14,552,369) and a loss for the year amounting to £1,551,530 (2023: £10,899,370). The Company continues to meet its liquidity requirements through its resources which are managed via the distributions received from its investments. The directors have reviewed investee company forecasts and trading performance, as well as considered adverse scenarios, which have shown that the Company has sufficient financial resources to meet its current obligations as they fall due for a period of at least 12 months from the date of approval of this report. The parent Company has indicated their willingness to support the Company as required by providing the Company with a letter of support. The letter of support also confirms the Parent has no intent to recall the loans due for at least 12 months from the date of the approval of these financial statements, unless adequate alternative financing has been secured. On this basis, the board have reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of this report. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. SIMPLE POWER FINCO LIMITED · parent
   1. Simple Power Limited 100% · Northern Ireland · renewable energy infrastructure which generate electricity
   2. Simple Power No. 1 Limited 100% · Northern Ireland · renewable energy infrastructure which generate electricity
   3. Glenview Green Energy Limited 100% · Northern Ireland · renewable energy infrastructure which generate electricity

Significant events

• “Two repowering projects were completed safely, on time and below budget during 2024 with the new turbines operating very well.”
• “Through 2025, management has is continuing to progress planning for seven further repowering projects in the fleet, which are expected to increase the generation and efficiency.”

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

Filings

2

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.