SARPSFOSS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SARPSFOSS LIMITED 2013-07-05 → present
2. BORREGAARD INDUSTRIES LIMITED 1889-05-16 → 2013-07-05

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company's business activities and financial position, together with the factors likely to affect its future development and performance, are set out above in the Strategic Report. The directors, in taking account of the company's financial forecasts and projections for the period to 28 February 2027, conclude that the company continues to be cash generative and is able to continue to meet its current liabilities arising as they fall due. As of 31 December 2024, the company had a net current asset position of 116 277K NOK. Fossil prices in Europe have been heavily reduced from the peak in 2022, there is however an expectation of a somewhat higher price level compared to the situation pre 2022. The directors believe the company has adequate resources to continue as a going concern to 28 February 2027 and therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. SARPSFOSS LIMITED · parent
   1. Mossefossen AS 100% · Norway · produce electric power
   2. Mossefossen ANS 61% · Norway · produce electric power

Significant events

• “Following the cancellation of all the preference shares (600,000 shares) in Sarpsfoss Limited in September 2024, 22,078,200 was paid to Orkla ASA represent the face value of the 599,970 of the preference shares as well the accumulated dividend on these shares. 1,106 was paid to the remaining shareholders represents the face value of the 30 shares as well as the accumulated dividend on these shares.”
• “Orkla ASA, which has been the owner of all shares in the Sarpsfoss Limited, entered into an agreement on 24 January 2025 to sell the company to Hafslund AS (90%) and Svartisen Holding AS (10%). The transaction was subject to approval from relevant competition authorities and the Norwegian Ministry of Energy and was completed on 11 April 2025. On 4th December 2025, a dividend of 53.1MNOK was declared and paid between Sarpsfoss Limited and Hafslund Sarpsfoss Holding AS and 5.9MNOK between Sarpsfoss Limited and Svartisen Sarpsfoss Holding AS.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -28.8%

  £32,016,032 → £22,790,493

• Cash

  -1.5%

  £16,714,602 → £16,466,385

• Net assets

  +35.3%

  £18,354,401 → £24,830,937

• Employees

  0%

  4 → 4

• Operating profit

  -35.7%

  £24,588,036 → £15,807,372

• Profit before tax

  -36.3%

  £26,483,142 → £16,869,768

• Wages

  -8.8%

  £376,314 → £343,202

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