BLUEFLOAT ENERGY UK HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The shareholders of the Company have decided to wind down all offshore wind operations, cease funding to the Company and ultimately dissolve the Company due to the overall economic developments surrounding the industry. As such, the Directors therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern. For further details on the winding down of the Company refer to Note 22.

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

• Turnover

  +128.4%

  £101,877 → £232,718

• Cash

  -30.9%

  £234,856 → £162,247

• Net assets

  -104.7%

  £45,359,668 → -£2,146,000

• Employees

  —

  Not reported

• Operating profit

  +16.3%

  -£6,250,350 → -£5,229,394

• Profit before tax

  -892.3%

  -£6,336,499 → -£62,879,035

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The shareholders of the Company have decided to wind down all offshore wind operations, cease funding to the Company and ultimately dissolve the Company due to the overall economic developments surrounding the industry. As such, the Directors therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern. For further details on the winding down of the Company refer to Note 22.”

Group structure

1. BLUEFLOAT ENERGY UK HOLDINGS LIMITED · parent
   1. BlueFloat Scotland Renewables Holdco 1, Ltd 100% · United Kingdom · Management of offshore wind farms and renewable energy projects for the production of electricity
   2. BlueFloat Scotland Renewables Holdco 2, Ltd 100% · United Kingdom · Management of offshore wind farms and renewable energy projects for the production of electricity
   3. BlueFloat Energy Scotland Holdco 1 Ltd 100% · United Kingdom · Management of offshore wind farms and renewable energy projects for the production of electricity
   4. BlueFloat Energy Scotland Holdco 2 Ltd 100% · United Kingdom · Management of offshore wind farms and renewable energy projects for the production of electricity
   5. BlueFloat Energy Taiwan Holdings Ltd 100% · United Kingdom · Management of offshore wind farms and renewable energy projects for the production of electricity
   6. BlueFloat Energy Taiwan Holdings 2 Limited 100% · United Kingdom · Management of offshore wind farms and renewable energy projects for the production of electricity
   7. BlueFloat Energy Taiwan Island Holdings Co. Ltd 100% · Taiwan · active company operating in the renewable energy sector
   8. BlueFloat 01 Investment Co.,Ltd 100% · Taiwan · active company operating in the renewable energy sector

Significant events

• “During June 2025, the shareholders of the Company took a strategic decision to exit the offshore wind industry by winding down the Company and its subsidiaries, consequently these financial statements have been prepared on a basis other than going concern.”
• “Post year end, the Group has agreed to sell their 50% interest in Bellrock Offshore Wind Farm Limited and their 50% interest in Broadshore Offshore Wind Farm Limited for proceeds amounting to £1,071,295 and £781,521 respectively with total proceeds amounting to £1,852,817.”
• “The Group is in ongoing negotiations to sell its 33% interest in its joint venture, Stromar Offshore Wind Farm Ltd. The estimated financial effect is approximately £900,000. Management has determined that the realisation of this investment is probable but not virtually certain, and therefore the investment has been fully impaired until such time as there is certainty over the completion of the transaction.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.