NUCLEAR RESTORATION SERVICES LIMITED

1. NUCLEAR RESTORATION SERVICES LIMITED 2024-04-02 → present
2. MAGNOX LIMITED 2011-01-05 → 2024-04-02
3. MAGNOX NORTH LIMITED 2008-10-01 → 2011-01-05
4. MAGNOX ELECTRIC LIMITED 2005-04-01 → 2008-10-01
5. MAGNOX ELECTRIC PLC 1996-04-01 → 2005-04-01
6. NUCLEAR ELECTRIC PLC 1989-11-28 → 1996-04-01
7. TRUSHELFCO (NO.1305) LIMITED 1988-06-02 → 1989-11-28

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

National Audit Office

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Under the Energy Act 2004, the NDA has a statutory obligation to provide adequate funding to enable the Company to manage risks and keep the operations of the Company safe and secure. The Directors will therefore, as with previous years, work with the NDA to manage the Company's funding requirements. The Directors are confident that the use of the going concern basis of accounting remains appropriate in the preparation of the Financial Statements, recognising that there is a reasonable expectation that the Company would have adequate resources to continue in operation for at least the next 12 months from the point of approving the Financial Statements 2024/25.”

Significant events

• “Industrial action took place arising from a pay dispute during the first quarter of the year. A resolution was reached with the workforce in June 2024 which saw industrial action concluding. This had an impact on NRS Dounreay's performance, which saw a number of project targets missed.”
• “NRS Dounreay was placed into Enhanced Regulatory Attention in July 2024 by the ONR.”
• “Preparation work is ongoing for the transfer of seven Advanced Gas Cooled Reactor (AGR) stations from EDF, following HM Government direction to NDA to take future ownership of the stations for decommissioning. The first AGR transfer is planned to be Hunterston B in April 2026 and Hinkley Point B 6 months later.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +2.6%

  £748,187,000 → £767,592,000

• Cash

  +122%

  £5,856,000 → £13,000,000

• Net assets

  —

  Not reported

• Employees

  +1.8%

  4,029 → 4,102

• Operating profit

  +61.3%

  £1,888,000 → £3,046,000

• Profit before tax

  +61.3%

  £1,888,000 → £3,046,000

• Wages

  +4.1%

  £241,727,000 → £251,582,000

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