ECLIPSE POWER DISTRIBUTION LIMITED

• ⚠

  Material uncertainty over going concern

  As part of its continuous portfolio evaluation, Vattenfall AB commenced the process of assessing the ownership of its district heating and networks distribution portfolio in the UK, Sweden and the Netherlands, including the option of a potential divestment which impacts the future ownership of the Company's electricity distribution business. ... This indicates the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. ECLIPSE POWER DISTRIBUTION LIMITED 2025-12-11 → present
2. VATTENFALL NETWORKS LTD 2017-04-11 → 2025-12-11
3. BORDER WIND FARMS LIMITED 1993-11-05 → 2017-04-11
4. WESTGEN (UK) LIMITED 1992-07-16 → 1993-11-05

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As part of its continuous portfolio evaluation, Vattenfall AB commenced the process of assessing the ownership of its district heating and networks distribution portfolio in the UK, Sweden and the Netherlands, including the option of a potential divestment which impacts the future ownership of the Company's electricity distribution business. ... This indicates the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “Vattenfall has started a process to assess the ownership of its IDNO electricity distribution business in the UK. Vattenfall will make a final decision after the assessment. There were no other significant events after 31 December 2024 that required adjustment to or disclosure in the financial statements.”

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

Filings

20

last 12 months

Capital events

1

last 24 months

Officers appointed

4

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  +117.5%

  £992,095 → £2,157,866

• Cash

  —

  Not reported

• Net assets

  -80.7%

  £3,579,168 → £690,918

• Employees

  0%

  17 → 17

• Operating profit

  +2%

  -£3,612,447 → -£3,539,445

• Profit before tax

  -4.7%

  -£3,678,942 → -£3,851,937

• Wages

  +13.2%

  £1,165,517 → £1,319,434

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