WESTWOOD GLOBAL ENERGY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-01 (in 8mo)
Last made up 2025-12-18
Watchouts
Cash
£356K
+184.3% highest in 3 filed years
Net assets
-£20M
-5% lowest in 3 filed years
Employees
67
-6.9% vs 2023
Profit before tax
-£895K
+69.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 2.3 in the financial statements, which indicates that the Group has net liabilities of £19,759,684 at 31 December 2024. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £7,576,984 | £8,498,069 | |
| Operating profit | — | — | — | -£1,646,954 | £428,402 | |
| Profit before tax | — | — | — | -£2,938,018 | -£894,931 | |
| Net profit | — | -£2,442,993 | — | -£2,943,487 | -£900,630 | |
| Cash | — | £217,126 | — | £125,327 | £356,250 | |
| Total assets less current liabilities | — | £15,869,424 | — | -£2,894,795 | -£2,543,798 | |
| Net assets | — | £1,207,961 | — | -£18,813,062 | -£19,759,684 | |
| Equity | £3,648,304 | £1,207,961 | £1,207,961 | -£18,813,062 | -£19,759,684 | |
| Average employees | — | 49 | — | 72 | 67 | |
| Wages | — | — | — | £4,865,004 | £4,667,472 | |
| Directors' remuneration | — | — | — | £60,000 | £41,666 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+12.2%
£7,576,984 £8,498,069
-
Cash
+184.3%
£125,327 £356,250
highest in 3 filed years
-
Net assets
-5%
-£18,813,062 -£19,759,684
lowest in 3 filed years
-
Employees
-6.9%
72 67
-
Operating profit
+126%
-£1,646,954 £428,402
-
Profit before tax
+69.5%
-£2,938,018 -£894,931
-
Wages
-4.1%
£4,865,004 £4,667,472
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 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -21.7% | 5.0% | |
| Net margin | — | — | — | -38.8% | -10.6% | |
| Return on capital employed | — | — | — | 56.9% | -16.8% | |
| Current ratio | — | — | — | 0.23x | 0.42x | |
| Interest cover | — | — | — | -1.28x | 0.32x |
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 1 time since incorporation
- WESTWOOD GLOBAL ENERGY LIMITED 2017-03-03 → present
- ENERGY SOFTWARE INTELLIGENCE ANALYTICS LIMITED 2014-12-18 → 2017-03-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Kreston Reeves LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.3 in the financial statements, which indicates that the Group has net liabilities of £19,759,684 at 31 December 2024. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.”
Group structure
- WESTWOOD GLOBAL ENERGY LIMITED · parent
- Hannon Westwood Holdings Limited 100%
- Novas Consulting Limited 100%
- Richmond Energy Partners Limited 100%
- Douglas-Westwood Limited 100%
- Westwood Global Energy Inc 100%
- JSI Services Limited 100%
- Hannon Westwood Limited 100%
- Westwood Global Energy Pte 100%
- Douglas-Westwood Inc 100%
Significant events
- “During 2024 the Group's subscription revenue has delivered growth, demonstrating the success of our products in a challenging market. The Group has continued to invest in improving its existing product offerings and launched a new product offering for the Hydrogen market to expand our coverage of the energy transition.”
- “Throughout 2024, the Group has continued its strategy to develop its existing products and invest into new energy market intelligence subscription products that offer depth of coverage and clear market insight. 2024 saw the launch of the Group's Hydrogen product offering and new coverage of the North Sea decommissioning market.”
- “In early 2024 the Group sold its ownership of the Energent product to Energy Domain LLC. Energent was focussed on the US Unconventional wells industry. The divestment was made to allow the Group to focus on its core international product offerings and continue to prioritise investment into the energy transition and clean energy market offerings.”
- “The Group sold one of its subsidiaries, Energent Group Software LLC, during the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLARK, David | Secretary | 2015-04-08 | — | — |
| JENSEN, Rune | Director | 2015-03-18 | Sep 1957 | Norwegian |
| MCMANUS, Craig | Director | 2025-11-07 | Mar 1994 | British |
| MONTGOMERY, Douglas John Thomson | Director | 2016-06-23 | Dec 1961 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HERRERA, Gregory John | Director | 2014-12-18 | 2015-06-24 |
| HILLENBRAND VON DER NEYEN, Catharina | Director | 2022-06-01 | 2024-01-31 |
| HVAMB, Tomas | Director | 2014-12-18 | 2025-09-30 |
| NORBURY, Ian | Director | 2015-01-28 | 2021-02-10 |
| PRISE, Gavin Jonathon | Director | 2015-04-08 | 2021-03-01 |
| RABY, Kevin Dwayne | Director | 2018-11-15 | 2021-02-10 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-13 MA Memorandum articles
- 2023-02-13 RESOLUTIONS Resolution
- 2023-01-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-02-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | AA | accounts | Accounts with accounts type group | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-13 | MA | incorporation | Memorandum articles | |
| 2023-02-13 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-23 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-23 | SH01 | capital | Capital allotment shares | |
| 2022-12-01 | AA | accounts | Accounts with accounts type group | |
| 2022-10-13 | CH03 | officers | Change person secretary company with change date | |
| 2022-10-12 | CH01 | officers | Change person director company with change date | |
| 2022-10-12 | CH01 | officers | Change person director company with change date | |
| 2022-10-12 | CH01 | officers | Change person director company with change date | |
| 2022-10-11 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.