KEADBY GENERATION LIMITED

1. KEADBY GENERATION LIMITED 1992-10-05 → present
2. BALLTRADE LIMITED 1992-07-08 → 1992-10-05

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 financial statements are prepared on a going concern basis which has been supported by the provision of a parental letter of support from SSE plc. The Group letter of support confirms that the Group will provide support to 31 December 2026 where required.”

Significant events

• “Keadby 1 has capacity obligations to September 2029 as a result of successfully winning a contract in the T-4 auctions held in March 2025.”
• “Keadby 2 has a 15-year contract from capacity year 2023/24 in the T-4 auctions held in March 2020.”
• “At Keadby 2 - which is one of the world's most efficient gas-fired power stations - the Company is exploring blending hydrogen into the plant. Additionally, the Company is developing options for both CCS and Hydrogen Fueled Power Stations at Keadby being 'dual fuel' in nature.”
• “The Executive Committee of SSE Thermal entered into a partnership with Equinor to jointly develop two first-of-a-kind, low-carbon power stations in the UK's Humber region, comprising one of the UK's first power stations with CCS technology, and the world's first major 100% hydrogen-fuelled power station.”
• “During the year the Company paid a dividend of £300.0m (2024: £nil).”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -51.3%

  £1,113,700,000 → £542,800,000

• Cash

  —

  Not reported

• Net assets

  -59.6%

  £433,900,000 → £175,100,000

• Employees

  +6.4%

  47 → 50

• Operating profit

  -72%

  £197,600,000 → £55,300,000

• Profit before tax

  -73.2%

  £202,200,000 → £54,100,000

• Wages

  0%

  £3,600,000 → £3,600,000

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