MOYLE INTERCONNECTOR LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-22 (in 2mo)
Last made up 2025-07-08
Watchouts
None on the register
Cash
£184M
+46.3% vs 2024
Net assets
£213M
+28.8% vs 2024
Employees
11
+10% vs 2024
Profit before tax
£99M
+346.5% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £67,417,000 | £96,226,000 | |
| Operating profit | £25,161,000 | £93,588,000 | |
| Profit before tax | £22,225,000 | £99,226,000 | |
| Net profit | £16,684,000 | £74,337,000 | |
| Cash | £125,875,000 | £184,146,000 | |
| Total assets less current liabilities | £241,075,000 | £282,630,000 | |
| Net assets | £165,149,000 | £212,635,000 | |
| Equity | £165,149,000 | £212,635,000 | |
| Average employees | 10 | 11 | |
| Wages | £608,000 | £524,000 | |
| Directors' remuneration | £288,000 | £322,000 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+42.7%
£67,417,000 £96,226,000
-
Cash
+46.3%
£125,875,000 £184,146,000
-
Net assets
+28.8%
£165,149,000 £212,635,000
-
Employees
+10%
10 11
-
Operating profit
+272%
£25,161,000 £93,588,000
-
Profit before tax
+346.5%
£22,225,000 £99,226,000
-
Wages
-13.8%
£608,000 £524,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 37.3% | 97.3% | |
| Net margin | 24.7% | 77.3% | |
| Return on capital employed | 10.4% | 33.1% | |
| Gearing (liabilities / total assets) | 35.9% | 33.2% | |
| Current ratio | 9.62x | 5.98x | |
| Interest cover | 2.92x | 21.02x |
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.
Name history
Renamed 2 times since incorporation
- MOYLE INTERCONNECTOR LIMITED 2003-02-26 → present
- MOYLE INTERCONNECTOR PUBLIC LIMITED COMPANY 2000-04-04 → 2003-02-26
- MOYLE INTERCONNECTOR LIMITED 1999-07-08 → 2000-04-04
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton (NI) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is cash generative and is forecast to remain cash positive. The forecast cash generated is adequate to meet the Company's liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements including the bond payments, and to comply with financing covenants, including the required Annual Debt Service Cover Ratio. Reserve accounts are fully funded and £10m of liquidity facilities are in place. Accordingly, the Directors consider it appropriate to adopt the going concern basis in the preparation of the financial statements.”
Significant events
- “In January 2025, there was a significant change in the electricity market, with the Greenlink Interconnector between Ireland and GB beginning commercial operations.”
- “Arbitration case in July 2024. ... bad debt allowance was subsequently reversed in the current year following the final determination in December 2024 which ruled fully in Moyle's favour.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARMSTRONG, Emma Jayne | Secretary | 2025-07-01 | — | — |
| GRAY, David Middleton | Director | 2019-01-01 | May 1952 | British |
| LARKIN, Patrick | Director | 2007-01-22 | Oct 1968 | Irish |
| LEWIS, Alexandra Morton | Director | 2026-01-01 | Jan 1972 | British |
| MCCRACKEN, Harold | Director | 2021-09-01 | Jun 1949 | British |
| MCILROY, Gerard Myles | Director | 2010-01-01 | Feb 1969 | British |
| MCKEOWN, Norman | Director | 2023-11-20 | Jun 1957 | British |
| O'REILLY, Maureen | Director | 2024-11-20 | Jan 1968 | Irish |
| RICHARDS, Ceri | Director | 2020-03-01 | Dec 1958 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCILROY, Gerard | Secretary | 2009-09-26 | 2025-06-30 |
| ARTHUR COX NORTHERN IRELAND | Corporate Secretary | 1999-07-08 | 2009-09-26 |
| ANDERSON, Patrick Michael | Director | 2016-10-01 | 2024-09-25 |
| BLACK, Clarke | Director | 2011-01-01 | 2017-09-30 |
| CARGO, William James | Director | 2005-04-27 | 2010-01-01 |
| FINN, Regina | Director | 2008-11-01 | 2018-12-31 |
| HAUGHEY, Edward, Dr | Director | 2003-04-14 | 2003-07-07 |
| HUSTON, Felicity Victoria | Director | 2003-09-30 | 2010-09-21 |
| KIRKPATRICK, Stephen | Director | 2010-05-01 | 2016-09-29 |
| LOCKE, Alasdair James Dougall | Director | 2003-04-14 | 2008-12-31 |
| MCATEER, Damian Gerard | Director | 2003-09-30 | 2009-09-29 |
| MCCLURE, Alan David | Director | 2003-04-14 | 2009-09-29 |
| MCCRACKEN, Harold | Director | 1999-09-08 | 2003-04-14 |
| MCKERNAN, Michael James | Director | 2018-01-01 | 2024-09-25 |
| MINGAY, Katherine Jane | Director | 2014-05-01 | 2021-09-23 |
| MONTGOMERY, David John | Director | 2003-07-07 | 2008-03-31 |
| MURRAY, Christopher John | Director | 2014-05-01 | 2022-09-29 |
| O'DONNELL BOURKE, Patrick Francis John | Director | 2003-03-25 | 2003-04-14 |
| RAINEY, Alan | Director | 1999-09-03 | 2007-06-21 |
| SHEERAN, Nuala | Director | 2005-10-12 | 2007-08-31 |
| WALSH, Gerry | Director | 2008-10-01 | 2013-12-31 |
| WARRY, Peter Thomas | Director | 2008-09-23 | 2013-11-30 |
| WILSON, Nigel David | Director | 1999-09-03 | 2001-07-10 |
| WRIGHT, Noreen Ann | Director | 1999-07-08 | 1999-09-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Moyle Interconnector (Financing) Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 166 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-15 | AA | accounts | Accounts with accounts type full | |
| 2024-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-14 | AA | accounts | Accounts with accounts type full | |
| 2023-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-04 | AUD | auditors | Auditors resignation company | |
| 2022-10-04 | AUD | auditors | Auditors resignation company | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-21 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- 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.