CORE POWER (UK) LTD
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Cash
£40M
US$ 52,992,057
+94.6% vs 2023
Net assets
£41M
US$ 54,954,174
-7% vs 2023
Employees
33
+37.5% vs 2023
Profit before tax
-£12M
US$ -16,533,091
-73.3% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £180,498 | £993,188 | +450.2% | |
| Operating profit | -£8,471,842 | -£14,495,951 | -71.1% | |
| Profit before tax | -£7,132,342 | -£12,359,341 | -73.3% | |
| Net profit | -£7,132,342 | -£12,359,341 | -73.3% | |
| Cash | £20,353,558 | £39,614,306 | +94.6% | |
| Total assets less current liabilities | £45,514,699 | £42,920,207 | -5.7% | |
| Net assets | £44,191,723 | £41,081,090 | -7% | |
| Equity | £44,191,723 | £41,081,090 | -7% | |
| Average employees | 24 | 33 | +37.5% | |
| Wages | £2,108,622 | £3,107,588 | +47.4% | |
| Directors' remuneration | £682,629 | £723,662 | +6% |
Figures converted to GBP from US$ at 0.748 per US$ (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 |
|---|---|---|---|
| Return on capital employed | -18.6% | -33.8% | |
| Gearing (liabilities / total assets) | 7.6% | 17.4% | |
| Current ratio | 20.34x | 7.12x | |
| Interest cover | -463.12x | -161.73x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group and Parent Company's ability to continue as a going concern for the period to 31 May 2026.”
Group structure
- CORE POWER (UK) LTD · parent
- Core Power (US) Inc. 100%
- Core Power Japan Ltd. 100%
Significant events
- “Discussions were held throughout 2024 with our technology development partners at TerraPower and Southern Company about spinning out the Molten Chloride Fast Reactor (MCFR) Program from TerraPower into a different corporate structure.”
- “During 2024 we entered into a contract with Westinghouse Electric Company (WEC) to jointly develop a floating nuclear power plant solution using their eVinci Microreactor.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MERINO, Carolina | Secretary | 2021-10-14 | — | — |
| BOE, Mikal | Director | 2019-10-15 | May 1968 | Norwegian |
| HARTNOLL, Christopher Voisin | Director | 2022-12-15 | May 1990 | British |
| KIDD, Richard | Director | 2024-10-24 | Jun 1964 | American |
| MOORE, Christopher | Director | 2024-10-24 | Dec 1964 | British |
| RICHARDSON, John Michael | Director | 2025-04-10 | Apr 1960 | American |
| STOKES, Peter George Charles Andrew | Director | 2022-09-29 | Jun 1950 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GROSVENOR SECRETARIES LONDON LIMITED | Corporate Secretary | 2019-10-15 | 2021-10-14 |
| BRIGGS, Nicholas Howard | Director | 2023-07-24 | 2025-04-10 |
| CHEN, Randy | Director | 2021-05-07 | 2025-12-31 |
| HARTNOLL, Timothy Amyas | Director | 2021-03-03 | 2022-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Coltrane Capital Partners (Uk) Limited | Corporate entity | Shares 25–50%, Voting 50–75%, Appoints directors | 2019-10-15 | Active |
Filing timeline
Last 20 of 102 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | SH01 | capital | Capital allotment shares | |
| 2026-04-01 | SH01 | capital | Capital allotment shares | |
| 2026-03-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-03 | SH01 | capital | Capital allotment shares | |
| 2026-01-29 | SH01 | capital | Capital allotment shares | |
| 2026-01-28 | SH01 | capital | Capital allotment shares | |
| 2026-01-23 | SH01 | capital | Capital allotment shares | |
| 2026-01-12 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-01-09 | SH01 | capital | Capital allotment shares | |
| 2026-01-09 | RP01SH01 | miscellaneous | Legacy | |
| 2026-01-08 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-29 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 2025-11-20 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-06 | SH01 | capital | Capital allotment shares | |
| 2025-11-05 | SH01 | capital | Capital allotment shares | |
| 2025-11-04 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 14
- Officers appointed
- 0
- Officers resigned
- 1
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.