FIRST HYDRO COMPANY
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Confirmation statement due
2026-12-29 (in 7mo)
Last made up 2025-12-15
Watchouts
None on the register
Cash
£76M
+235% vs 2023
Net assets
£599M
+10.8% vs 2023
Employees
180
+1.1% vs 2023
Profit before tax
£132M
-48.9% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £449,278,000 | £321,644,000 | |
| Operating profit | £254,998,000 | £129,372,000 | |
| Profit before tax | £257,406,000 | £131,537,000 | |
| Net profit | £200,692,000 | £104,141,000 | |
| Cash | £22,658,000 | £75,912,000 | |
| Total assets less current liabilities | £587,599,000 | £649,327,000 | |
| Net assets | £540,925,000 | £599,301,000 | |
| Equity | £540,925,000 | £599,301,000 | |
| Average employees | 178 | 180 | |
| Wages | £12,164,000 | £13,096,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 56.8% | 40.2% | |
| Net margin | 44.7% | 32.4% | |
| Return on capital employed | 43.4% | 19.9% | |
| Gearing (liabilities / total assets) | 14.8% | 12.8% | |
| Current ratio | 2.32x | 3.81x | |
| Interest cover | 49.32x | 23.83x |
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
“The directors have carefully considered the base case, downside scenario, current trading and trends since the year end and the assessment of the reverse stress tests for the period up to 31 December 2026 and consider that, there is sufficient liquidity within the business such that the directors continue to adopt the going concern basis of preparation in preparing the financial statements.”
Significant events
- “During 2024 the Company awarded the contract to upgrade the 18kV switchgear on the sixth unit at Dinorwig Power station, which will be completed in 2026.”
- “The preferred bidder for the replanting of Dinorwig Power station was agreed as GE, with negotiations taking place throughout the year.”
- “Ffestiniog Units 3 & 4 project contract terms were varied to support the completion of the mid-life refurbishment.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 60 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDERSON, Neil | Secretary | 2021-08-06 | — | — |
| BATEMAN, Simon Huw | Director | 2022-02-01 | Dec 1966 | British |
| CHEREL-SPARHAM, Delphine Claire Marie | Director | 2024-11-05 | Oct 1967 | French |
| CLIMEAU, Christine Marie, Paule | Director | 2025-06-10 | Apr 1968 | French |
| LUTZ, Robin, Mr. | Director | 2025-03-28 | Apr 1987 | French |
Show 60 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERGER, Hillary Sue | Secretary | 2012-01-31 | 2016-01-01 |
| FORWARD, David Charles | Secretary | — | 1995-11-17 |
| GREGORY, Sarah Jane | Secretary | 2016-01-01 | 2021-07-23 |
| LUMB, Derek | Secretary | 1995-12-21 | 1996-03-20 |
| RAMSAY, Andrew Stephen James | Secretary | 2004-12-16 | 2005-02-25 |
| SANDERS, Jan | Secretary | 1995-11-17 | 1995-12-21 |
| SIMPSON, Roger Derek | Secretary | 2011-02-03 | 2014-06-23 |
| SMITH, Sarah Louise | Secretary | 2005-02-25 | 2011-02-03 |
| SMITH, Sarah Louise | Secretary | 1996-03-20 | 2004-12-16 |
| ALCOCK, David George | Director | 2007-04-23 | 2022-01-31 |
| ALCOCK, David George | Director | 2003-03-18 | 2004-12-08 |
| COLDWELL, Richard Edward Davidson | Director | — | 1995-11-17 |
| COURTIS-POND, James | Director | 2000-06-01 | 2002-12-18 |
| DIBBLE, Kevin Adrian | Director | 2022-02-01 | 2024-11-04 |
| DIBBLE, Kevin Adrian | Director | 2016-04-13 | 2018-01-01 |
| DRAPPER, Steven, Mr. | Director | 2010-03-25 | 2010-12-01 |
| DRAPPER, Steven, Mr. | Director | 2010-03-25 | 2010-12-01 |
| DUBIN, Cynthia Ann Smith | Director | 1998-07-23 | 2004-12-16 |
| EDGELL, Robert Michael | Director | 1996-01-05 | 2004-01-21 |
| EDGELL, Robert Michael | Director | 1995-12-21 | 1996-01-05 |
| EDGINGTON, Philip John | Director | 2000-06-06 | 2004-12-08 |
| EVANS, Paul William | Director | 2012-01-31 | 2016-04-13 |
| FORWARD, David Charles | Director | — | 1995-11-17 |
| FRANCHIMONT, Marc Olivier Georges | Director | 2024-07-15 | 2025-06-09 |
| FRANKLAND, David | Director | 1995-11-17 | 2003-04-30 |
| FURUKAWA, Masaaki | Director | 2008-12-31 | 2010-12-01 |
| GARNER, Andrew Wilson | Director | 2018-01-01 | 2021-12-31 |
| GRACEY, Paul Clement | Director | 1995-12-21 | 1996-01-05 |
| GREEN, Jonathan Hartley Thomas | Director | 2001-10-04 | 2004-12-16 |
| HELLER, William Jacob, Mr. | Director | 2000-02-07 | 2002-07-31 |
| HERTOGHE, Charles | Director | 2021-05-07 | 2024-07-12 |
| HICKEY, Michael | Director | 2003-03-18 | 2004-12-08 |
| IACO, James Vincent | Director | 1996-01-26 | 1998-04-27 |
| ICHIKAWA, Makoto | Director | 2004-12-16 | 2008-06-20 |
| IHARA, Shigeaki | Director | 2015-07-01 | 2017-08-31 |
| JENKINSON, Paul Thomas Hardman | Director | 2004-12-16 | 2007-04-23 |
| KAJIMURA, Isao, Dr | Director | 2011-09-06 | 2015-07-01 |
| KOGA, Hiroyuki | Director | 2011-02-28 | 2011-09-06 |
| LEGRO, Thomas | Director | 1996-01-05 | 2001-07-02 |
| LEGRO, Thomas | Director | 1995-12-21 | 1996-01-05 |
| LUMB, Derek | Director | 1995-11-17 | 2003-01-08 |
| LUTZ, Robin, Mr. | Director | 2025-03-28 | 2025-05-22 |
| MELITA, Salvatore Daniel | Director | 1996-01-05 | 2004-12-08 |
| MELITA, Salvatore Daniel | Director | 1995-12-21 | 1996-01-05 |
| O'BRIEN, Thomas Joseph | Director | 2017-08-31 | 2025-03-28 |
| PETRIE, Nigel Fredrick Thomas Hugh | Director | 1995-11-17 | 2000-09-30 |
| PINNELL, Simon David | Director | 2005-01-10 | 2020-03-31 |
| POLLINS, Andrew Martin | Director | 2020-04-01 | 2021-05-06 |
| RILEY, Stephen, Dr | Director | 2004-12-16 | 2010-03-25 |
| SMITH, Kevin | Director | 1996-01-05 | 1996-01-26 |
| SMITH, Kevin | Director | 1995-12-21 | 1996-01-05 |
| SMITH, Sarah Louise | Director | 2010-12-01 | 2012-01-31 |
| STALKER, Brian Thomas | Director | 1995-11-17 | 2001-04-30 |
| STONE, Ronald James | Director | 1996-01-16 | 1998-11-02 |
| SUGIZAKI, Masashi | Director | 2010-12-01 | 2011-02-28 |
| TAKAHASHI, Toru | Director | 2007-09-20 | 2011-08-08 |
| UMEZU, Takashi | Director | 2008-06-20 | 2008-12-31 |
| UMEZU, Takashi | Director | 2004-12-16 | 2007-09-20 |
| WILLIAMS, Sidney Linn | Director | 1998-11-01 | 2000-02-07 |
| WILLIAMS, Sidney Linn | Director | 1996-01-26 | 1998-04-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| First Hydro Holdings Company | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 269 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-19 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-06-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-09 | RESOLUTIONS | resolution | Resolution |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-28.4%
£449,278,000 £321,644,000
-
Cash
+235%
£22,658,000 £75,912,000
-
Net assets
+10.8%
£540,925,000 £599,301,000
-
Employees
+1.1%
178 180
-
Operating profit
-49.3%
£254,998,000 £129,372,000
-
Profit before tax
-48.9%
£257,406,000 £131,537,000
-
Wages
+7.7%
£12,164,000 £13,096,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers