NEART NA GAOITHE OFFSHORE WIND LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +409.2%

  £42,585,000 → £216,847,000

• Net assets

  +56.5%

  £151,969,000 → £237,901,000

• Employees

  —

  Not reported

• Operating profit

  -36.4%

  £14,179,000 → £9,018,000

• Profit before tax

  -89.8%

  £93,157,000 → £9,532,000

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. 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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The Company is operational, with all 54 turbines installed and commissioned as of May 2025. The company first generated electricity in October 2024 and the Company secured an extension to the CfD, thereby guaranteeing stabilised revenue for 15 years.”

Significant events

• “In March 2025, shareholder and lender approval were obtained and through its parent company, NnG Windfarm Holdings Limited, successfully secured additional financing to fund the revised construction budget.”
• “In April 2025, the Company realised a number of interest rate swaps, creating a £90,000,000 cash inflow.”
• “In May 2025, the Company reached COD (Commerical Operations Date) for the entire project, with all 54 turbines fully commissioned.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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