INDIAN QUEENS POWER LIMITED

• ◆

  3 officer resignations in last 12 months

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

1. INDIAN QUEENS POWER LIMITED 2006-09-29 → present
2. AES INDIAN QUEENS POWER LTD 1998-06-18 → 2006-09-29
3. INDIAN QUEENS POWER LIMITED 1994-05-06 → 1998-06-18

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 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the application of the going concern basis of accounting. In making this assessment, the Directors has considered these factors and are confident the Company is well placed to manage its business risks satisfactorily. On the basis of their assessment of these forecasts and of the Company's financial position, the Company's Directors have, at the time of approving the financial statements, a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future, a period of at least 12 months from the date of the financial statements, and meet their obligations as they fall due. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “During early 2024, the company secured a new service Agreement contract with National Grid for the provision of reactive power and synchronous compensation which extends to Q1 2029.”
• “The Capacity Market auction which took place in 2024 covered the period 2027/28 as a T-4 Capacity auction in February 2024 for delivery year October 2027 to September 2028.”
• “The Company was successful in obtaining a contract for 2027/28 with each contracted MW to receive annual payments of £65/kW; which is in addition to contracts secured covering the period 2019 to 2027.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -66.7%

  £37,559,000 → £12,499,000

• Cash

  +76.4%

  £4,983,000 → £8,792,000

• Net assets

  +28.7%

  £17,752,000 → £22,851,000

• Employees

  0%

  9 → 9

• Operating profit

  -80.6%

  £32,426,000 → £6,304,000

• Profit before tax

  +77.2%

  £3,893,000 → £6,900,000

• Wages

  +39.9%

  £631,000 → £883,000

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