MOYLE INTERCONNECTOR (FINANCING) PUBLIC LIMITED COMPANY

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

  +42.7%

  £67,417,000 → £96,226,000

• Cash

  +46.2%

  £126,026,000 → £184,297,000

• Net assets

  +44.5%

  £160,589,000 → £232,063,000

• Employees

  +10%

  10 → 11

• Operating profit

  +291.7%

  £23,446,000 → £91,843,000

• Profit before tax

  +375.1%

  £20,528,000 → £97,534,000

• 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

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.

1. MOYLE INTERCONNECTOR (FINANCING) PUBLIC LIMITED COMPANY 2009-10-14 → present
2. MOYLE INTERCONNETOR (FINANCING) PUBLIC LIMITED COMPANY 2009-10-14 → 2009-10-14
3. MOYLE INTERCONNETOR (FINANCING) PUBLIC LIMITY 2003-03-11 → 2009-10-14
4. MOYLE INTERCONNECTOR (FINANCING) PUBLIC LIMITED COMPANY 2003-03-03 → 2003-03-11

Accounting basis

UK-adopted IAS

Reporting scope

Consolidated group

Auditor

Grant Thornton (NI) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group is cash generative and is forecast to remain cash positive. The forecast cash generated is adequate to meet the Group's liabilities as they fall due for at least 12 months from the date of approval of the financial statements including the scheduled 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.”

Group structure

1. MOYLE INTERCONNECTOR (FINANCING) PUBLIC LIMITED COMPANY · parent
   1. Moyle Interconnector Limited 100% · Northern Ireland · Operation of Moyle Interconnector

Significant events

• “Arbitration case in July 2024 following the restriction without compensation by the System Operator for Northern Ireland (SONI) of Moyle's electricity exports from Ireland to Great Britain.”
• “Final determination in December 2024 ruled fully in Moyle's favour, leading to the reversal of a prior year bad debt allowance of £20.2m.”
• “In January 2025, the Greenlink Interconnector between Ireland and GB began commercial operations, expected to reduce revenues from power transfers in coming years.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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