NEXWELL POWER (U.K.) LTD
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Cash
£13m
EUR 14,467,125
+313.4% vs 2024
Net assets
-£5.6m
EUR -6,409,008
-182.3% vs 2024
Employees
29
+20.8% highest in 3 filed years
Profit before tax
-£13m
EUR -14,466,813
-10.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £639,888 | £1,539,368 | £28,173 | -98.2% | |
| Operating profit | -£12,380,088 | -£6,712,655 | -£9,006,688 | -34.2% | |
| Profit before tax | -£17,066,384 | -£11,421,612 | -£12,617,140 | -10.5% | |
| Net profit | -£17,190,032 | -£11,421,612 | -£12,728,584 | -11.4% | |
| Cash | £19,858,193 | £3,052,147 | £12,617,412 | +313.4% | |
| Total assets less current liabilities | £41,205,546 | £58,444,117 | £52,364,753 | -10.4% | |
| Net assets | -£16,108,650 | £6,789,637 | -£5,589,576 | -182.3% | |
| Equity | -£16,108,650 | £6,789,637 | -£5,589,576 | -182.3% | |
| Average employees | 21 | 24 | 29 | +20.8% | |
| Wages | £2,379,300 | £2,305,890 | £2,755,905 | +19.5% | |
| Directors' remuneration | £143,185 | £211,741 | £150,610 | -28.9% | |
| Directors' pension contributions | — | £6,648 | — | — | |
| Highest paid director | £143,185 | £211,741 | £150,610 | -28.9% |
Figures converted to GBP from EUR at 0.872 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -30.0% | -11.5% | -17.2% | |
| Gearing (liabilities / total assets) | 136.4% | 89.9% | 108.4% | |
| Current ratio | 9.29x | 4.34x | 2.37x | |
| Interest cover | -2.07x | -1.10x | -1.56x |
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
“Based on the analysis above, the Directors believe that the Group and Company have adequate resources to continue in operational existence for the foreseeable future.”
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%
- M3 Solar Development S.L.U. 100%
- M3 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%
- Galaxy Energy, S.L.U. 100%
- Real Energy Power, S.L.U. 100%
Significant events
- “During Q1 2026, the Nexwell Group secured €214,585,858 in debt and equity financing to advance its growth strategy.”
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 49 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 | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type group | |
| 2026-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 3
- 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.