SWANSEA GRID SOLUTIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-01 (in 8mo)
Last made up 2025-12-18
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£42M
+84.9% vs 2023
Employees
—
Average over period
Profit before tax
-£957K
+23.6% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£1,395,000 | -£781,000 | |
| Profit before tax | -£1,253,000 | -£957,000 | |
| Net profit | -£1,253,000 | -£1,034,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £22,812,000 | £46,606,000 | |
| Net assets | £22,812,000 | £42,185,000 | |
| Equity | £22,812,000 | £42,185,000 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
+84.9%
£22,812,000 £42,185,000
-
Employees
—
Not reported
-
Operating profit
+44%
-£1,395,000 -£781,000
-
Profit before tax
+23.6%
-£1,253,000 -£957,000
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 | -6.1% | -1.7% | |
| Gearing (liabilities / total assets) | 6.0% | 12.6% | |
| Current ratio | 7.49x | 6.86x | |
| Interest cover | -12.80x | -1.29x |
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
- SWANSEA GRID SOLUTIONS LIMITED 2023-01-30 → present
- BYLGJA ENERGY LIMITED 2019-12-19 → 2023-01-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is in a net asset position of £42,185,000 (2023: £22,812,000) and continues to meet day-to-day liquidity needs through the support of the immediate parent company, Statkraft UK LTD and the intermediate parent company, Statkraft AS.”
Significant events
- “Construction activities for the BESS and rotating stabiliser project commenced in the year ended 31 December 2023 and are currently ongoing. The project is expected to become operational by 2026.”
- “On 17 October 2025 the Company issued 20,000,000 authorised ordinary shares to the immediate parent company, Statkraft UK LTD at a price of £1 per share. All share capital is fully paid.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KAFIDIYA-OKE, Folasade, Mrs. | Secretary | 2019-12-19 | — | — |
| MARDON, Richard, Mr. | Director | 2023-03-13 | May 1964 | British |
| O'DONOVAN, Kevin, Mr. | Director | 2023-03-13 | Aug 1977 | Irish |
| ROBERTSON, Iain, Mr. | Director | 2023-03-13 | Apr 1970 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLOOD, David John | Director | 2020-04-07 | 2023-03-13 |
| HARTE, Peter Maurice, Mr. | Director | 2019-12-19 | 2020-01-09 |
| MAGUIRE, Sean, Mr. | Director | 2019-12-19 | 2020-10-15 |
| TORBLAA, Eivind Jacob, Mr. | Director | 2022-09-08 | 2023-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Statkraft Uk Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-12-19 | Active |
Filing timeline
Last 20 of 37 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-20 | AA | accounts | Accounts with accounts type full | |
| 2025-10-17 | SH01 | capital | Capital allotment shares | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-12 | AA | accounts | Accounts with accounts type full | |
| 2024-08-27 | SH01 | capital | Capital allotment shares | |
| 2024-08-19 | SH01 | capital | Capital allotment shares | |
| 2023-12-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-16 | SH01 | capital | Capital allotment shares | |
| 2023-11-15 | SH01 | capital | Capital allotment shares | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | SH01 | capital | Capital allotment shares | |
| 2023-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-10 | AA | accounts | Accounts with accounts type full |
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.