LOW CARBON LIMITED
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Cash
£71m
+41.3% vs 2024
Net assets
£10m
+113.4% highest in 3 filed years
Employees
189
-13.3% lowest in 3 filed years
Profit before tax
£10m
+120% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £5,661,102 | £14,998,291 | £64,254,811 | +328.4% | |
| Operating profit | -£66,410,512 | -£24,193,845 | £64,910,022 | +368.3% | |
| Profit before tax | -£68,196,665 | -£50,061,147 | £10,007,368 | +120% | |
| Net profit | -£68,196,665 | -£50,598,275 | £10,075,996 | +119.9% | |
| Cash | £104,100,536 | £50,409,399 | £71,217,835 | +41.3% | |
| Total assets less current liabilities | £351,293,906 | £156,712,935 | £579,922,033 | +270.1% | |
| Net assets | -£36,052,487 | -£74,021,225 | £9,953,300 | +113.4% | |
| Equity | -£36,052,487 | -£74,021,225 | £9,953,300 | +113.4% | |
| Average employees | 196 | 218 | 189 | -13.3% | |
| Wages | £27,719,829 | £26,726,990 | £30,800,348 | +15.2% | |
| Directors' remuneration | £2,595,168 | £2,927,893 | £9,347,261 | +219.2% | |
| Highest paid director | £626,639 | £629,672 | £2,669,264 | +323.9% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | -161.3% | 101.0% | |
| Net margin | — | — | 15.7% | |
| Return on capital employed | -18.9% | -15.4% | 11.2% | |
| Gearing (liabilities / total assets) | 108.9% | 112.4% | 98.5% | |
| Current ratio | 3.06x | 0.26x | 1.33x | |
| Interest cover | -7.40x | -0.75x | 1.04x |
Margins divide P&L lines by turnover. 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
- LOW CARBON LIMITED 2021-11-29 → present
- LOW CARBON ENERGY HOLDINGS LIMITED 2021-04-26 → 2021-11-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider that the Group is well placed to manage its business risks successfully. Liquidity requirements and debt covenant compliance are assessed on an ongoing basis, and the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for a period greater than 12 months from the date of these financial statements, through to 30 September 2027, being the going concern assessment period.”
Group structure
- LOW CARBON LIMITED · parent
- Low Carbon Dutch ManCo B V 100%
- Low Carbon US Holdings Limited 100%
- Low Carbon Germany Limited 100%
- LC Energia Sp z o o 75%
Significant events
- “The Group announced the disposal of Low Carbon Sweden Limited's 50% stake in LC Energi AB to Sydsvenska Solkraftbolaget AB”
- “In June 2026, the Company has undertaken a capital reduction of £200m by special resolution, reducing the credit on the Company's share premium account”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARRINGTON, Amos William James | Secretary | 2021-10-27 | — | — |
| ALFONSO, Juan Martin | Director | 2021-04-26 | Jan 1975 | British |
| BEDLOW, Roy Barry | Director | 2021-04-26 | May 1968 | British |
| CARRINGTON, Amos William James | Director | 2025-12-15 | Jul 1979 | British |
| MACK, Steven Andrew | Director | 2021-04-26 | Jul 1977 | British |
| TEMPLE, Siobhan Frances | Director | 2025-12-15 | Jun 1977 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Nathaniel Albro | Director | 2021-11-08 | 2025-12-15 |
| CLARKE, Brian | Director | 2021-11-08 | 2025-12-15 |
| COLLIGAN, Edward | Director | 2022-02-15 | 2025-12-15 |
| DICKEY, Andrew Charles | Director | 2021-11-08 | 2025-12-15 |
| STRUTHERS, Hilary Catherine Ruth | Director | 2021-11-08 | 2025-12-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Redwood Green Energy Limited | Corporate entity | Shares 25–50%, Voting 50–75% | 2025-12-15 | Ceased 2025-12-15 |
| Low Carbon Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-15 | Active |
| Low Carbon Group Limited | Corporate entity | Shares 25–50% | 2021-04-26 | Ceased 2025-12-15 |
Filing timeline
Last 20 of 69 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-05 RESOLUTIONS Resolution
- 2026-01-12 MA Memorandum articles
- 2026-01-09 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-15 | AA | accounts | Accounts with accounts type group | |
| 2026-06-05 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-06-05 | SH20 | capital | Legacy | |
| 2026-06-05 | CAP-SS | insolvency | Legacy | |
| 2026-06-05 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-12 | MA | incorporation | Memorandum articles | |
| 2026-01-09 | MA | incorporation | Memorandum articles | |
| 2026-01-09 | ANNOTATION | miscellaneous | Legacy | |
| 2026-01-09 | ANNOTATION | miscellaneous | Legacy | |
| 2025-12-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-22 | SH01 | capital | Capital allotment shares | |
| 2025-12-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-19 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-19 | SH01 | capital | Capital allotment shares | |
| 2025-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 4
- Officers appointed
- 2
- Officers resigned
- 5
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.