SEAH WIND LTD.
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Cash
£12m
-57.4% vs 2024
Net assets
£302m
+44.8% highest in 5 filed years
Employees
322
+232% highest in 5 filed years
Profit before tax
-£43m
-223.4% lowest in 3 filed years
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | -£11,385,000 | -£14,608,000 | -£40,546,000 | -177.6% | |
| Profit before tax | — | — | -£11,141,000 | -£13,281,000 | -£42,947,000 | -223.4% | |
| Net profit | — | — | -£11,141,000 | -£13,281,000 | -£43,587,000 | -228.2% | |
| Cash | £16,791,869 | £10,129,521 | £29,223,000 | £27,633,000 | £11,768,000 | -57.4% | |
| Total assets less current liabilities | £18,485,809 | £145,662,159 | £385,022,000 | £863,083,000 | £1,051,237,000 | +21.8% | |
| Net assets | £18,485,809 | £74,846,295 | £106,958,000 | £208,681,000 | £302,098,000 | +44.8% | |
| Equity | £18,485,809 | — | £106,958,000 | £208,681,000 | £302,098,000 | +44.8% | |
| Average employees | 1 | 4 | 24 | 97 | 322 | +232% | |
| Wages | — | — | £2,096,000 | £7,010,000 | £8,854,000 | +26.3% | |
| Directors' remuneration | — | — | £321,000 | £465,000 | £657,000 | +41.3% | |
| Directors' pension contributions | — | — | £9,000 | £6,000 | — | — | |
| Highest paid director | — | — | £189,000 | £182,000 | £344,000 | +89% |
Values shown as filed in the company's annual accounts. — 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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | — | -3.0% | -1.7% | -3.9% | |
| Gearing (liabilities / total assets) | 20.4% | 50.4% | 76.3% | 77.1% | 73.9% | |
| Current ratio | 3.58x | 2.52x | 0.93x | 0.77x | 0.16x | |
| Interest cover | — | — | — | — | -12.33x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has access to sufficient resources to continue in operational existence for the foreseeable future. The directors have concluded that it is appropriate to prepare these financial statements on a going concern basis.”
Significant events
- “Between 31 December 2025 and 2 July 2026, the Company issued 12,013,400 additional investor preference shares of £5 nominal value for aggregate cash consideration of £129,020,766.”
- “Completion approval for the monopile manufacturing facility was obtained on 1 July 2026, and commercial production has resumed on 27 July 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHO, Young Bin | Director | 2024-05-10 | Jan 1965 | South Korean |
| LEE, Youngjae | Director | 2024-05-10 | Jan 1979 | South Korean |
| RYU, Chung | Director | 2026-01-12 | Jul 1968 | South Korean |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JACK, David Simpson | Director | 2022-03-15 | 2024-05-10 |
| JEONG, Yoseong | Director | 2021-08-25 | 2024-05-10 |
| KIM, Tai Hyun | Director | 2021-02-24 | 2024-05-10 |
| SOHN, Sunghwal | Director | 2021-08-25 | 2026-01-12 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-13 RESOLUTIONS Resolution
- 2026-06-07 RESOLUTIONS Resolution
- 2026-06-07 RESOLUTIONS Resolution
- 2026-03-21 RESOLUTIONS Resolution
- 2026-02-19 RESOLUTIONS Resolution
- 2026-01-30 RESOLUTIONS Resolution
- 2025-12-20 RESOLUTIONS Resolution
- 2025-10-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-07 | AA | accounts | Accounts with accounts type full | |
| 2026-07-13 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-06 | SH01 | capital | Capital allotment shares | |
| 2026-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-27 | SH01 | capital | Capital allotment shares | |
| 2026-03-21 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-11 | SH01 | capital | Capital allotment shares | |
| 2026-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-19 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-12 | SH01 | capital | Capital allotment shares | |
| 2026-02-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-30 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-22 | SH01 | capital | Capital allotment shares | |
| 2026-01-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-16 | ANNOTATION | miscellaneous | Legacy | |
| 2025-12-11 | SH01 | capital | Capital allotment shares | |
| 2025-10-21 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 6
- Officers appointed
- 1
- 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.