HIGHVIEW ENTERPRISES LIMITED

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 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. HIGHVIEW ENTERPRISES LIMITED · parent
   1. Cryobattery One Holding Limited 100% · UK · Holding company
   2. Cryobattery One Investment Holding Limited 100% · UK · Holding company
   3. Cryobattery One Limited 100% · UK · Special purpose vehicle for the development of electricity storage
   4. Cryobattery One Security Holding Limited 100% · UK · Holding company
   5. Highview Power Hunterston Holding Limited 100% · UK · Holding company
   6. Highview Power Middle East DMCC 100% · UAE · Engineering and procurement support
   7. Highview Power Pty Limited 100% · Australia · Business development entity for Australia region
   8. Highview Power Storage Inc 100% · USA · Commercial deployment of a LAES system in the United States
   9. HVS Gridco Limited 100% · UK · Special purpose vehicle for application of electricity grid connections
   10. HVS Siteco Limited 100% · UK · Special purpose vehicle for the development of electricity storage

Significant events

• “In 2024, the Group completed its £300 million funding round, led by the National Wealth Fund (formerly UKIB) and Centrica, the British multinational energy and services company.”
• “The investment has enabled the commencement of construction on one of the world's largest LDES facilities in Carrington, Manchester, using Highview Power's proprietary LAES technology. Once completed, it will have a storage capacity of 300 MWh and an output power of 50 MW for six hours. Engineering, procurement, and construction are progressing well, with the facility on track to be operational in 2026, supporting over 700 jobs in construction and the supply chain.”
• “In the same year, the Group advanced planning for the Hunterston stability island, with a £125 million fundraising round scheduled to close in summer 2025.”
• “Highview Power is also set to begin planning for three larger-scale 2.5 GWh facilities, representing a total anticipated investment of £3 billion. Strategically located across the UK, these facilities will enable a rapid deployment of the technology, aligning with UK LDES support mechanisms and supporting NESO's Future Energy Scenario Plans.”
• “In March 2025 the UK Government and Ofgem released a decision paper on the LDES support mechanism (cap and floor) which was hugely positive for Highview.”
• “In March 2025 we successfully secured a Capacity Market contract, thereby securing the first revenues for the Carrington project. The contract value was above the management forecast and will run for 15 years from 1st October 2028.”
• “Contracted but not provided for £74,185,174 (2023: nil)”
• “Contracted but not provided for €28,139,842 (2023: nil)”
• “Contracted but not provided for $5,207,180 (2023: nil)”
• “The commitments relate to orders placed for the procurement of equipment and provision of construction services for the Carrington project.”
• “In February 2025, there was an additional drawdown of £16.8m from the debt facility in Cryobattery One Limited.”

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

4

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +22,320.4%

  £36,000 → £8,071,347

• Cash

  +7,916.8%

  £1,374,093 → £110,157,729

• Net assets

  +3,494.6%

  -£1,027,158 → £34,868,047

• Employees

  +4%

  50 → 52

• Operating profit

  +37.5%

  -£22,651,153 → -£14,160,034

• Profit before tax

  +24.1%

  -£23,293,542 → -£17,690,352

• Wages

  -13.5%

  £6,911,679 → £5,975,967

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