ZENOBE BLACKHILLOCK BORROWER LIMITED
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Cash
£6.4m
+7,766.1% vs 2024
Net assets
£2.9m
-36% vs 2024
Employees
—
Average over period
Profit before tax
£2.6m
+18,637.7% highest in 3 filed years
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 | — | £262 | £16,237,836 | +6,197,547.3% | |
| Operating profit | -£77,173 | -£13,995 | £7,813,380 | +55,929.8% | |
| Profit before tax | -£71,112 | -£14,260 | £2,643,471 | +18,637.7% | |
| Net profit | -£71,112 | -£14,260 | £2,350,679 | +16,584.4% | |
| Cash | — | £81,967 | £6,447,570 | +7,766.1% | |
| Total assets less current liabilities | — | £138,516,736 | £218,915,804 | +58% | |
| Net assets | — | £4,465,442 | £2,857,515 | -36% | |
| Equity | — | £4,465,442 | £2,857,515 | -36% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | — | — | 48.1% | |
| Net margin | — | — | 14.5% | |
| Return on capital employed | — | -0.0% | 3.6% | |
| Gearing (liabilities / total assets) | — | 98.1% | 99.3% | |
| Current ratio | — | 0.19x | 0.13x | |
| Interest cover | — | -52.81x | 1.47x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having carried out these reviews and considering the continued proven resilience of the business demonstrated throughout 2025, the Directors are able to conclude that the business is robust even in the face of economic downturn or uncertainty. The Directors conclude that there is a reasonable prospect that the business will continue to be a going concern for the foreseeable future.”
Group structure
- ZENOBE BLACKHILLOCK BORROWER LIMITED · parent
- Zenobe Blackhillock Limited 100%
- Zenobe Kilmarnock South Limited 100%
Significant events
- “Subsequent to the reporting date, in June 2026 the Group entered into a new term loan facility of approximately £40 million. This was primarily used to repay outstanding debt held by a fellow subsidiary under the common control of the ultimate parent undertaking, Zenobe Energy Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARR, Sophie Claire Everett | Secretary | 2022-08-03 | — | — |
| BASDEN, James Edward Stewart | Director | 2022-08-03 | Jul 1967 | British |
| MEERSMAN, Steven Gerard Christianne | Director | 2022-08-03 | Sep 1986 | Belgian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEATTY, Nicholas Duncan | Director | 2022-08-03 | 2024-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Zenobe Blackhillock Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-08-03 | Active |
Filing timeline
Last 19 of 19 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-06 MA Memorandum articles
- 2023-02-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-24 | AA | accounts | Accounts with accounts type group | |
| 2026-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | AA | accounts | Accounts with accounts type group | |
| 2025-06-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-09 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-09-25 | AA | accounts | Accounts with accounts type group | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-26 | AA | accounts | Accounts with accounts type dormant | |
| 2024-03-26 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-06 | MA | incorporation | Memorandum articles | |
| 2023-02-06 | RESOLUTIONS | resolution | Resolution | |
| 2022-08-03 | AA01 | accounts | Change account reference date company current extended | |
| 2022-08-03 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.