MARUBENI EUROPOWER LIMITED

1. MARUBENI EUROPOWER LIMITED 1997-04-16 → present
2. EUROPOWER DEVELOPMENT LIMITED 1992-01-17 → 1997-04-16
3. EUROPOWER DEVELOPMENTS LIMITED 1991-11-12 → 1992-01-17
4. HACKREMCO (NO.707) LIMITED 1991-10-23 → 1991-11-12

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 and Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Marubeni Europower Limited is a profitable business with net assets of £8,526k as at 31 March 2025 (2024 - £8,591k) and profits of £955k for the year ended 31 March 2025 (2024 - £1,610k). As at 31 March 2025 the Company has cash reserves of £236k in the form of the cash balance in bank and £8,312k receivables balance due from other group undertakings under the existing cash pooling arrangements within the Marubeni Group (2024 - £218k and £9,212k respectively). The financial statements have been prepared on the assumption that the Company will continue as a going concern. In making this assessment the Directors have considered the effects of Russia-Ukrainian and Israel-Palestinian wars, as well as potential US Tariffs on the Company's ability to maintain its trading activity and, thus, service income at the level sufficient to meet its obligations as they fall due over the going concern period. As the Company does not have any business in the affected regions, or direct trades with the US, this had no significant adverse effect on the Company. The Directors have considered broader market conditions and recent political developments. The election of the Labour government on 4 July 2024, which strongly supports the renewable energy sector, significantly reduced political risk last year, and continues to have a positive impact for the Company, as the government remains committed to its 2030 Net Zero target. Marubeni Corporation's commitment to invest £10 billion in the UK clean energy market over the next 10 years further stabilizes the sector. These positive developments reinforce the Directors' confidence that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors conclude that the Company has sufficient liquidity resources available from the existing cash and receivables balance due from other group companies under the cash pooling arrangements to meet its immediate obligations. Accordingly, these financial statements have been prepared on a going concern basis, which assumes that the Company will realise its assets and discharge its liabilities in the normal course of business. The Parent has confirmed its ability to provide support to the Company by letter of support, and that it will provide support until 31 August 2026. Through inquiries of the Parent to understand available liquidity, the Directors have assessed the Parent's financial ability to provide this support.”

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

Filings

7

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.

• Turnover

  -12.6%

  £10,651,000 → £9,309,000

• Cash

  +8.3%

  £218,000 → £236,000

• Net assets

  -0.8%

  £8,591,000 → £8,526,000

• Employees

  -11.1%

  36 → 32

• Operating profit

  -68.3%

  £1,714,000 → £544,000

• Profit before tax

  -43.5%

  £2,272,000 → £1,284,000

• Wages

  -1.4%

  £5,251,000 → £5,177,000

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