SEAH WIND LTD.
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Cash
£28M
-5.4% vs 2023
Net assets
£209M
+95.1% highest in 4 filed years
Employees
97
+304.2% highest in 4 filed years
Profit before tax
-£13M
-19.2% vs 2023
Net assets
4-year trend · vs Basic Materials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | -£11,385,000 | -£14,608,000 | -28.3% | |
| Profit before tax | — | — | -£11,141,000 | -£13,281,000 | -19.2% | |
| Net profit | — | — | -£11,141,000 | -£13,281,000 | -19.2% | |
| Cash | £16,791,869 | £10,129,521 | £29,223,000 | £27,633,000 | -5.4% | |
| Total assets less current liabilities | £18,485,809 | £145,662,159 | £385,022,000 | £863,083,000 | +124.2% | |
| Net assets | £18,485,809 | £74,846,295 | £106,958,000 | £208,681,000 | +95.1% | |
| Equity | — | — | £106,958,000 | £208,681,000 | +95.1% | |
| Average employees | 1 | 4 | 24 | 97 | +304.2% | |
| Wages | — | — | £2,096,000 | £7,010,000 | +234.4% | |
| Directors' remuneration | — | — | £321,000 | £459,000 | +43% |
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 |
|---|---|---|---|---|---|
| Return on capital employed | — | — | -3.0% | -1.7% | |
| Gearing (liabilities / total assets) | — | — | 76.3% | 77.1% | |
| Current ratio | 3.58x | 2.52x | 0.93x | 0.77x |
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
- Clive Owen LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Since 2022, SeAH Wind is building the world's largest monopile manufacturing plant in Teeswork site in Redcar area, which is located in Northern England, and plans to complete the construction in September 2025, and will be starting a commercial production for Hornsea 3 project in mid-2025.”
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 73 total filings
Material constitutional events — rename, articles re-file, 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
- 2025-10-21 RESOLUTIONS Resolution
- 2025-09-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2025-10-21 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-20 | SH01 | capital | Capital allotment shares | |
| 2025-09-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-08 | SH01 | capital | Capital allotment shares | |
| 2025-08-14 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | ANNOTATION | miscellaneous | Legacy |
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.