BEL1 LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-11 (in 5mo)
Last made up 2025-09-27
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£1M
Equity attributable
Employees
0
Average over period
Profit before tax
-£1M
Period ending 2025-03-31
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | £0 | -£1,269,000 | |
| Profit before tax | — | £0 | -£1,269,000 | |
| Net profit | — | £0 | -£1,269,000 | |
| Cash | — | — | — | |
| Total assets less current liabilities | — | £25,167,000 | £26,742,000 | |
| Net assets | — | £0 | -£1,269,000 | |
| Equity | £0 | £0 | -£1,269,000 | |
| Average employees | — | 0 | 0 | |
| Wages | — | — | — | |
| Directors' remuneration | — | £0 | £0 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Return on capital employed | — | 0.0% | -4.7% | |
| Current ratio | — | 3.17x | 3.04x | |
| Interest cover | — | 0.00x | -0.45x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements.”
Group structure
- BEL1 LIMITED · parent
- EGEC Holdings Limited 50%
- Earls Gate Energy Centre Limited 50%
- Earls Gate Gridco Limited 50%
Significant events
- “On 28 March 2024, the Earls Gate Project achieved the Take Over, being the point at which all construction, commissioning and testing activities required for the CHP plant to enter the full commercial operations were satisfactorily completed.”
- “In February 2025, Earls Gate Energy Centre Limited commissioned certain maintenance works and upgrades in order to enable an increase to the plant's operational performance beyond the original design point (the "2025 Upgrade Works"). The upgrades were completed in April 2025.”
- “Subsequent to the year-end, the Company provided additional £4,000,000 of funds to EGEC Holdings Limited in relation to the 2025 Upgrade Works. As at the date of this Report, the Company has no outstanding funding commitments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COCKBURN, Iain Duncan | Director | 2018-09-28 | Mar 1965 | British |
| LAMBIE, Alexander Scott | Director | 2018-09-28 | Nov 1955 | British |
| SHAW, Rupert Henry Gildroy | Director | 2018-10-19 | Dec 1974 | British |
| WASZKIEWICZ, Grzegorz | Director | 2025-02-27 | May 1987 | Polish |
| YOUNG, Neil | Director | 2022-05-24 | Mar 1978 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bel1 Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-15 | Active |
| Brockwell Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-28 | Ceased 2021-04-15 |
Filing timeline
Last 20 of 36 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | AA | accounts | Accounts with accounts type full | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | AA | accounts | Accounts with accounts type full | |
| 2025-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-22 | CH01 | officers | Change person director company with change date | |
| 2024-02-22 | CH01 | officers | Change person director company with change date | |
| 2024-02-22 | CH01 | officers | Change person director company with change date | |
| 2024-02-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-15 | AA | accounts | Accounts with accounts type full | |
| 2023-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-30 | AA | accounts | Accounts with accounts type full | |
| 2022-12-12 | CH01 | officers | Change person director company with change date | |
| 2022-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-01 | AA | accounts | Accounts with accounts type full | |
| 2021-09-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-09-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.