CRYSTAL RIG II LIMITED

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

  -14.5%

  £57,025,000 → £48,741,000

• Cash

  +16.3%

  £1,143,000 → £1,329,000

• Net assets

  -55.6%

  £94,759,000 → £42,079,000

• Employees

  —

  Not reported

• Operating profit

  -18.6%

  £39,727,000 → £32,347,000

• Profit before tax

  -16.2%

  £43,704,000 → £36,632,000

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. CRYSTAL RIG II LIMITED 2005-02-24 → present
2. FRED. OLSEN WIND 4 LIMITED 2003-10-16 → 2005-02-24

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “Generation for the year was higher than 2023 due to higher wind resource. Turnover was lower than the previous year due to lower electricity prices.”
• “As of 31 December 2024 the Company held net current assets of £13,961k (2023: £62,730k) with a current ratio of 1.33 (2023: 3.01). The decrease in current ratio was primarily due to an decrease in intercompany debtors.”
• “The Company paid a dividend during the year of £80,000k (2023: £nil).”
• “The macroeconomic and geopolitical environment is challenging with significant risks related to geopolitical events. The revision of global tariffs creates major uncertainties going forward. The long-term impact from the current geopolitical events is highly uncertain.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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