STAT-FLEX LIMITED
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Cash
£252k
-97.3% lowest in 3 filed years
Net assets
£22m
-1.8% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£4.6m
-132.5% lowest in 3 filed years
Net assets
3-year trend · vs Utilities 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 | £22,905,000 | £26,744,000 | £18,515,000 | -30.8% | |
| Operating profit | £3,017,000 | £4,582,000 | £2,212,000 | -51.7% | |
| Profit before tax | -£3,278,000 | -£1,997,000 | -£4,643,000 | -132.5% | |
| Net profit | -£2,173,000 | -£3,664,000 | -£411,000 | +88.8% | |
| Cash | £790,000 | £9,386,000 | £252,000 | -97.3% | |
| Total assets less current liabilities | £131,034,000 | £124,814,000 | — | — | |
| Net assets | £26,033,000 | £22,369,000 | — | — | |
| Equity | £26,033,000 | £22,369,000 | £21,958,000 | -1.8% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | 13.2% | 17.1% | 11.9% | |
| Net margin | -9.5% | -13.7% | -2.2% | |
| Return on capital employed | 2.3% | 3.7% | — | |
| Gearing (liabilities / total assets) | 82.6% | 85.1% | — | |
| Current ratio | 0.89x | 1.00x | 0.48x | |
| Interest cover | 0.34x | 0.70x | 0.32x |
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.
Name history
Renamed 1 time since incorporation
- STAT-FLEX LIMITED 2019-01-07 → present
- STATFLEX LIMITED 2018-10-30 → 2019-01-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that the Group has adequate resources (including committed and undrawn amounts available to the Group from shareholders and lenders) to continue in operational existence for the foreseeable future and therefore it is appropriate to adopt the going concern basis in preparing the financial statements.”
Group structure
- STAT-FLEX LIMITED · parent
- Creyke Beck Storage Limited 100%
- Minety South Storage Limited 100%
- Minety South Storage 2 Limited 100%
- Saltholme North Power Limited 100%
- Saitholme South Power Limited 100%
- Dollymans Storage Limited 100%
Significant events
- “On 6 May 2026, the shares of the Company were sold by Statera Energy Limited to Statera Operating Holdings Limited, a company in the wider Statera Group, for a consideration of £94,709,546.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TROUP, Andrew Richard Gordon | Director | 2018-10-30 | Aug 1957 | British |
| VERNON, Thomas Andrew | Director | 2018-10-30 | Jun 1983 | British |
| WRIGHT, Benedict William John Thorpe | Director | 2020-11-27 | Jun 1972 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Statera Energy Limited | Corporate entity | Shares 75–100% | 2018-10-30 | Active |
Filing timeline
Last 20 of 34 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-19 MA Memorandum articles
- 2026-05-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-14 | AA | accounts | Accounts with accounts type group | |
| 2026-05-19 | MA | incorporation | Memorandum articles | |
| 2026-05-19 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-05-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-12 | AA | accounts | Accounts with accounts type group | |
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-07 | AA | accounts | Accounts with accounts type group | |
| 2024-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-18 | AA | accounts | Accounts with accounts type full | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-13 | CH01 | officers | Change person director company with change date | |
| 2023-09-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-27 | AA | accounts | Accounts with accounts type full | |
| 2022-09-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-14 | SH01 | capital | Capital allotment shares | |
| 2022-06-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-10-13 | AA | accounts | Accounts with accounts type full | |
| 2021-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.