SSE THERMAL GENERATION (SCOTLAND) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-25 (in 1mo)
Last made up 2025-06-11
Watchouts
Cash
—
Latest balance sheet
Net assets
£58M
-45.1% vs 2024
Employees
78
+5.4% vs 2024
Profit before tax
£36M
-59.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Outstanding charges registered
One or more mortgages or charges remain undischarged on the Companies House register.
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £666,900,000 | £325,600,000 | |
| Operating profit | £71,900,000 | £29,600,000 | |
| Profit before tax | £87,300,000 | £35,600,000 | |
| Net profit | £68,400,000 | £26,800,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £145,300,000 | £106,800,000 | |
| Net assets | £106,100,000 | £58,300,000 | |
| Equity | £106,100,000 | £58,300,000 | |
| Average employees | 74 | 78 | |
| Wages | £5,600,000 | £5,900,000 | |
| Directors' remuneration | £3,100,000 | £3,500,000 |
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
-
Turnover
-51.2%
£666,900,000 £325,600,000
-
Cash
—
Not reported
-
Net assets
-45.1%
£106,100,000 £58,300,000
-
Employees
+5.4%
74 78
-
Operating profit
-58.8%
£71,900,000 £29,600,000
-
Profit before tax
-59.2%
£87,300,000 £35,600,000
-
Wages
+5.4%
£5,600,000 £5,900,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 10.8% | 9.1% | |
| Net margin | 10.3% | 8.2% | |
| Return on capital employed | 49.5% | 27.7% | |
| Current ratio | 0.52x | 0.55x | |
| Interest cover | 39.94x | 18.50x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having reviewed the financial strength of the Group, the Directors are satisfied that the Group, and the Company itself, will remain funded for the Going Concern period through to 31 December 2026. The Directors have therefore concluded it is appropriate for the financial statements to be prepared on a going concern basis.”
Significant events
- “Other gains and losses in 2024 represents the gain on sale of land at Peterhead on 28 March 2024.”
- “The Peterhead CCGT has capacity obligations to September 2029 as a result of successfully winning a contract in the T-4 auctions held in March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SWAN, Colin Charles | Secretary | 2023-07-07 | — | — |
| BEATTIE, Martin | Director | 2021-08-20 | Mar 1981 | British |
| CRYANS, Charles | Director | 2022-01-18 | Jun 1963 | British |
| DE AZEVEDO DENT, Kelly | Director | 2025-11-04 | Dec 1971 | British |
| HAYWARD, Mark Richard | Director | 2021-08-20 | Nov 1963 | British |
| MACKAY, Mandy | Director | 2022-05-17 | Jan 1976 | British |
| MCCUTCHEON, Finlay Alexander | Director | 2024-07-06 | Nov 1977 | British |
| RUDD, Adrian Marc James | Director | 2021-08-20 | May 1971 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FAIRBAIRN, Sally | Secretary | 2020-06-12 | 2023-07-07 |
| BRONWIN, Hannah Zoe | Director | 2022-05-17 | 2025-01-31 |
| GRAY, Ann Miriam Georgina | Director | 2020-06-12 | 2025-04-17 |
| JOHNSON, John | Director | 2021-09-02 | 2026-01-06 |
| RAW, Catherine | Director | 2022-07-07 | 2024-04-04 |
| WHEELER, Stephen | Director | 2020-06-12 | 2021-12-16 |
| ZAKIR, Zahida | Director | 2021-08-20 | 2025-11-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sse Thermal Generation Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-06-12 | Active |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-06 | AA | accounts | Accounts with accounts type full | |
| 2025-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-17 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-03 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-24 | CH01 | officers | Change person director company with change date | |
| 2022-12-06 | AA | accounts | Accounts with accounts type full | |
| 2022-08-17 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2022-07-13 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.