GRESHAM HOUSE ENERGY STORAGE HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-01 (in 2mo)
Last made up 2025-06-17
Watchouts
None on the register
Cash
£22M
+8.1% vs 2023
Net assets
£610M
+434.2% vs 2023
Employees
—
Average over period
Profit before tax
-£121M
+16.4% vs 2023
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 | £42,840,889 | £48,284,862 | |
| Operating profit | -£87,296,301 | -£97,234,329 | |
| Profit before tax | -£144,724,023 | -£120,963,070 | |
| Net profit | -£144,724,023 | -£120,963,070 | |
| Cash | £20,767,752 | £22,448,024 | |
| Total assets less current liabilities | £218,498,366 | £757,113,022 | |
| Net assets | £114,200,512 | £610,020,981 | |
| Equity | £114,200,512 | £610,020,981 | |
| 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
+12.7%
£42,840,889 £48,284,862
-
Cash
+8.1%
£20,767,752 £22,448,024
-
Net assets
+434.2%
£114,200,512 £610,020,981
-
Employees
—
Not reported
-
Operating profit
-11.4%
-£87,296,301 -£97,234,329
-
Profit before tax
+16.4%
-£144,724,023 -£120,963,070
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 | -40.0% | -12.8% | |
| Gearing (liabilities / total assets) | 86.8% | 22.0% | |
| Current ratio | 0.03x | 0.94x | |
| Interest cover | -1.54x | -4.10x |
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
- GRESHAM HOUSE ENERGY STORAGE HOLDINGS LIMITED 2024-10-11 → present
- GRESHAM HOUSE ENERGY STORAGE HOLDINGS PLC 2020-06-25 → 2024-10-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors confirm they have a reasonable expectation that the Company has adequate resources to continue its operations for at least 12 months from the date of signing these financial statements. As such, the Directors have therefore adopted the going concern basis in preparing the Annual Report and Financial Statements.”
Group structure
- GRESHAM HOUSE ENERGY STORAGE HOLDINGS LIMITED · parent
- Noriker Staunch Limited 1%
- HC ESS2 Limited 1%
- HC ESS3 Limited 1%
- West Midlands Grid Storage Limited 1%
- Cleator Battery Storage Limited 1%
- Glassenbury Battery Storage Limited 1%
- HC ESS4 Limited 1%
- Bloxwich Energy Storage Limited 1%
- HC ESS6 Limited 1%
- HC ESS7 Limited 1%
- Tynemouth Energy Storage Limited 1%
- Gridreserve Limited 1%
- Nevendon Energy Storage Limited 1%
- South Shields Energy Storage Limited 1%
- Coupar Limited 1%
- Arbroath Limited 1%
- Enderby Storage Limited 1%
- West Didsbury Storage Limited 1%
- Penwortham Storage Limited 1%
- Grendon Storage Limited 1%
- Melksham East Storage Limited and Melksham West Storage Limited 1%
- UK Battery Storage Limited 1%
- Stairfoot Generation Limited 1%
- GreenGridPower1 Limited 1%
- Gresham House Energy Storage Solutions Limited 1%
- Roc Noir Limited 1%
Significant events
- “The Company increased its operational portfolio in 2024 with the commissioning of York (50MW), Penwortham (50MW) and Elland (50MW) and completed augmentations to extend the durations on five projects (Arbroath, West Didsbury, Enderby, Nevendon and Penwortham), taking the total operational portfolio to 26 projects and 845MW / 1,207 MWh (2023: 23 projects and 690MW/788MWh).”
- “Following the year end the Company entered into discussions with the existing lender group to optimise terms for the debt facility and agreed an amended and restated debt facility which includes specific consent to draw all funds required (up to £65mn) to complete the current construction programme...”
- “The Company also decided to reduce the overall facility by £140mn, to £195mn, in order to reduce leverage.”
- “On 23rd June 2025 Glassenbury Battery Storage Limited, a subsidiary of the Company, issued shares to a third-party investor for £8.6mn. Following this subscription, the Company's ownership of Glassenbury Battery Storage Limited is reduced to 65%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2020-06-25 | — | — |
| BECK, Stephen James | Director | 2020-06-25 | Dec 1973 | British |
| GUEST, Benjamin James Ernest | Director | 2020-06-25 | Mar 1973 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AYDINOGLU, Bozkurt | Director | 2020-06-25 | 2023-06-30 |
| OWEN, Gareth Edward | Director | 2020-06-25 | 2024-03-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gresham House Energy Storage Fund Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-06-25 | Active |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-20 RESOLUTIONS Resolution
- 2024-10-16 RESOLUTIONS Resolution
- 2024-10-11 RR02 Reregistration public to private company
- 2024-10-11 CERT10 Certificate re registration public limited company to private
- 2024-10-11 RESOLUTIONS Resolution
- 2024-10-03 MA Memorandum articles
- 2024-10-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-28 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-08-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-11 | AA | accounts | Accounts with accounts type full | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-10-16 | SH20 | capital | Legacy | |
| 2024-10-16 | CAP-SS | insolvency | Legacy | |
| 2024-10-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-15 | CAP-SS | insolvency | Legacy | |
| 2024-10-15 | SH20 | capital | Legacy | |
| 2024-10-11 | RR02 | change-of-name | Reregistration public to private company | |
| 2024-10-11 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2024-10-11 | MAR | incorporation | Re registration memorandum articles | |
| 2024-10-11 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-03 | MA | incorporation | Memorandum articles | |
| 2024-10-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.