ATLANTIC GREEN UK LIMITED

• ⚠

  Material uncertainty over going concern

  As at 31 December 2024, the Group had net liabilities of £4,630,579. The financial statements have been prepared on a going concern basis. As at 31 December 2024, the Group was in a net liability position. This reflects the nature of its operations, with significant investment in assets that remain under development and have not yet been brought into use. As a result, the Group has not yet begun to generate material revenue from these assets.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  —

  Not reported

• Cash

  -68.4%

  £17,249,924 → £5,450,423

• Net assets

  -411.3%

  -£905,586 → -£4,630,580

  lowest in 3 filed years

• Employees

  +60%

  10 → 16

  highest in 3 filed years

• Operating profit

  -84.1%

  -£962,308 → -£1,771,219

• Profit before tax

  -211.9%

  -£1,330,550 → -£4,149,933

• Wages

  +316.7%

  £184,568 → £769,155

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Harris & Trotter LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As at 31 December 2024, the Group had net liabilities of £4,630,579. The financial statements have been prepared on a going concern basis. As at 31 December 2024, the Group was in a net liability position. This reflects the nature of its operations, with significant investment in assets that remain under development and have not yet been brought into use. As a result, the Group has not yet begun to generate material revenue from these assets.”

Significant events

• “In April 2024, the Company signed a £196m EPC contract for the construction of the 300MW Cellarhead project with Ameresco Inc. and in November 2024 successfully raised a £152m term loan and VAT facility in support of the same project from a club of 4 lenders.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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