NEXWELL POWER (U.K.) LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-19 (in 1mo)
Last made up 2025-06-05
Watchouts
Cash
£3M
EUR 3,679,669
-83.9% vs 2023
Net assets
£7M
EUR 8,185,586
+144.1% vs 2023
Employees
24
+14.3% vs 2023
Profit before tax
-£12M
EUR -13,769,896
+29.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs 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 | £640,667 | £1,613,933 | |
| Operating profit | -£12,395,160 | -£7,037,809 | |
| Profit before tax | -£17,087,162 | -£11,974,864 | |
| Net profit | -£17,210,961 | -£11,974,864 | |
| Cash | £19,882,371 | £3,199,990 | |
| Total assets less current liabilities | £41,255,714 | £54,959,991 | |
| Net assets | -£16,128,262 | £7,118,520 | |
| Equity | -£16,128,262 | £7,118,520 | |
| Average employees | 21 | 24 | |
| Wages | £2,382,197 | £2,417,585 | |
| Directors' remuneration | £143,359 | £231,885 |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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
+151.9%
£640,667 £1,613,933
-
Cash
-83.9%
£19,882,371 £3,199,990
-
Net assets
+144.1%
-£16,128,262 £7,118,520
-
Employees
+14.3%
21 24
-
Operating profit
+43.2%
-£12,395,160 -£7,037,809
-
Profit before tax
+29.9%
-£17,087,162 -£11,974,864
-
Wages
+1.5%
£2,382,197 £2,417,585
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 | -30.0% | -12.8% | |
| Gearing (liabilities / total assets) | 136.4% | 88.5% | |
| Current ratio | 9.29x | 5.71x | |
| Interest cover | -2.07x | -1.10x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- NEXWELL POWER (U.K.) LTD 2019-06-21 → present
- NEXWELL GLOBAL DEVELOPMENT LTD 2019-06-06 → 2019-06-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the approved business plan forecasts for the period ended 30 April 2026 to assess the appropriateness of the going concern assumption under Base Case ("BC") and plausible Downside Case ("DC") scenarios. [...] Based on both cases, the Group is able to pay its liabilities as and when they fall due.”
Group structure
- NEXWELL POWER (U.K.) LTD · parent
- Nexwell Power (U.K.) RR2 Ltd 100%
- Nexwell Power (U.K.) RR3 Ltd 100%
- Nexwell Power España Holding 3 S.L.U. 100%
- Nexwell Power España Management S.L.U. 100%
- Nexwell Towers Partners Holdings S.L. 100%
- Iberia B4 Power Holdings S.L.U. 100%
- Desarrollos Fotovoltaicos G8 Holding, S.L.U. 100%
- Desarrollos Fotovoltaicos G9 Holding, S.L.U. 100%
- Nexwell Power RR2 S.L.U. 100%
- Power Cumbre Power Holdings S.L.U. 100%
- Boulder Power Holdings S.L.U. 100%
- Cactus Power Holdings S.L.U. 100%
- Artemisa Power Holdings S.L.U. 100%
- Acantilado Power Holdings S.L.U. 100%
- Toon Power Holdings S.L.U. 100%
- Harrier Power, S.L.U.* 100%
- Gerifalte Power, S.L.U.* 100%
- Gavilan Power, S.L.U.* 100%
- Silver RIC Energy, S.L.U.* 100%
- Rima Energy, S.L.U.* 100%
- Galaxy Energy, S.L.U.* 100%
- Real Energy Power, S.L.U.* 100%
Significant events
- “In January 2025, Nexwell Power (U.K.) Ltd received €24,500,000 from its shareholders as consideration for the new shares that were issued 31 December 2024.”
- “On 4 March 2025, the Group disposed of the shares in Rima Energy, S.L.U., an unconsolidated entity within the Ross Transaction, see Note 4, for a consideration of €2,083,884.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Bretton William | Director | 2020-06-08 | Jan 1964 | British |
| TSVETKOV, Dmitri | Director | 2024-01-15 | Nov 1972 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KING, Bretton William | Director | 2019-06-06 | 2020-05-07 |
| MUSTAD, Andreas Haavel, Mr. | Director | 2019-06-06 | 2020-05-07 |
| PULIDO, Pablo, Mr. | Director | 2019-06-06 | 2020-05-07 |
| TAWNEY, Christopher | Director | 2019-10-16 | 2024-01-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Pablo Pulido | Individual | Shares 25–50%, Voting 25–50% | 2019-06-06 | Ceased 2024-08-30 |
| Mr. Bretton William King | Individual | Shares 25–50%, Voting 50–75% | 2019-06-06 | Ceased 2024-08-30 |
| Mr. Andreas Haavel Mustad | Individual | Shares 25–50%, Voting 25–50% | 2019-06-06 | Ceased 2024-08-30 |
Filing timeline
Last 20 of 47 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-31 RESOLUTIONS Resolution
- 2025-03-24 RESOLUTIONS Resolution
- 2025-01-14 RESOLUTIONS Resolution
- 2025-01-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-16 | AA | accounts | Accounts with accounts type group | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-12 | CH01 | officers | Change person director company with change date | |
| 2025-04-22 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-04-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-07 | ANNOTATION | miscellaneous | Legacy | |
| 2025-03-31 | SH20 | capital | Legacy | |
| 2025-03-31 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-03-31 | CAP-SS | insolvency | Legacy | |
| 2025-03-31 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-27 | SH01 | capital | Capital allotment shares | |
| 2025-03-24 | ANNOTATION | |||
| 2025-03-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-14 | MA | incorporation | Memorandum articles | |
| 2025-01-14 | ANNOTATION | |||
| 2025-01-13 | SH02 | capital | Capital alter shares subdivision |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 4
- 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.