MIDLOTHIAN ENERGY LIMITED

• ⚠

  Material uncertainty over going concern

  The directors also cannot reasonably predict whether financial support will be forthcoming or required from the new acquiring group. This indicates the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.

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

  +128.3%

  £2,351,785 → £5,368,197

• Net assets

  +114.3%

  £8,462,062 → £18,132,601

• Employees

  —

  Not reported

• Operating profit

  -424.1%

  -£125,732 → -£659,018

• Profit before tax

  -749.4%

  £47,945 → -£311,354

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

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.

1. MIDLOTHIAN ENERGY LIMITED 2020-11-17 → present
2. VATTENFALL HEAT NORTH LIMITED 2020-10-27 → 2020-11-17

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors also cannot reasonably predict whether financial support will be forthcoming or required from the new acquiring group. This indicates the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “Vattenfall has started a process to assess the ownership of its district heating business in the UK. The assessment is currently ongoing.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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