BARROW OFFSHORE WIND LIMITED

• ◆

  3 officer resignations in last 12 months

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

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors' base case assessment is that the company will remain cash-generative over the forecast period. The company sells power at market prices and receives government grants for the generation of electricity until the end of the subsidy period. The subsidy regime mitigates the market risk of falling prices. Even in the case of a significant decline in power prices the company is expected to generate sufficient operating cash flows to cover non-discretionary investing and financing cash flows, and as a result maintain sufficient liquidity over the forecast period. There are no indications of any events that would result in significant one-off payments of unforecast liabilities for the company. As part of their assessment the directors have considered the principal risks and uncertainties of the business disclosed in the relevant section of the Strategic Report. Whilst potentially severe but plausible downside scenarios have been identified the directors have concluded that, based on the mitigations put in place, these risks and uncertainties do not impact the going concern conclusion.”

Significant events

• “During the year an interim dividend £40,000,000 (2023: £-) was paid.”
• “Commercial generation is expected to continue until 2027, after which the wind farm will be decommissioned.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.