NEWCLEO GENERATION (UK) LTD

• ⚠

  Material uncertainty over going concern

  The board considers the Group's failure of refinancing options for its profitable subsidiaries or failure to finalise and secure funding within 12 months from the date of approval of these financial statements, as a significant risk for the Company in their ability to continue as a going concern, given the Company's reliance on financial support from the Group. These conditions indicate a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -38.4%

  £8,138,473 → £5,015,685

• Net assets

  -417.3%

  £5,390,163 → -£17,104,944

• Employees

  +219.4%

  31 → 99

• Operating profit

  -239.7%

  -£6,770,342 → -£22,996,919

• Profit before tax

  -245.6%

  -£6,708,878 → -£23,185,205

• Wages

  +210.3%

  £2,607,384 → £8,090,319

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. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The board considers the Group's failure of refinancing options for its profitable subsidiaries or failure to finalise and secure funding within 12 months from the date of approval of these financial statements, as a significant risk for the Company in their ability to continue as a going concern, given the Company's reliance on financial support from the Group. These conditions indicate a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “During April 2024, the UK's Nuclear Industry Association applied for a justification decision for newcleo's lead cooled fast reactor, the LFR-AS-200.”
• “The Company announced on 2 December 2024 the submission of a Generic Design Assessment ("GDA") application in Great Britain for its commercial scale LFR-AS-200 technology.”
• “On 30 September 2024, the Group completed a restructure by transferring the current assets, including all subsidiaries, held by Newcleo Ltd, including Newcleo Generation (UK) Ltd, to a new legal entity in France, Newcleo Holding Société anonyme SA (subsequently renamed Newcleo Société anonyme ("Newcleo SA") on 25 November 2024).”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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