OFFSHORE RENEWABLE ENERGY CATAPULT
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-21 (in 9mo)
Last made up 2026-02-07
Watchouts
None on the register
Cash
£23M
+35.7% vs 2024
Net assets
£21M
+9.9% vs 2024
Employees
319
-1.8% vs 2024
Profit before tax
£3M
+11.8% vs 2024
Name history
Renamed 2 times since incorporation
- OFFSHORE RENEWABLE ENERGY CATAPULT 2014-04-09 → present
- NATIONAL RENEWABLE ENERGY CENTRE LIMITED 2010-04-26 → 2014-04-09
- NEW AND RENEWABLE ENERGY CENTRE LIMITED 2003-02-07 → 2010-04-26
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £40,417,000 | £40,389,000 | |
| Operating profit | £1,919,000 | £1,943,000 | |
| Profit before tax | £2,407,000 | £2,690,000 | |
| Net profit | £1,684,000 | £1,962,000 | |
| Cash | £17,043,000 | £23,121,000 | |
| Total assets less current liabilities | £97,235,000 | £113,188,000 | |
| Net assets | £19,352,000 | £21,263,000 | |
| Equity | £19,352,000 | £21,263,000 | |
| Average employees | 325 | 319 | |
| Wages | £17,305,000 | £17,160,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 4.7% | 4.8% | |
| Net margin | 4.2% | 4.9% | |
| Return on capital employed | 2.0% | 1.7% | |
| Current ratio | 2.45x | 3.58x | |
| Interest cover | — | 5.92x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Anderson Anderson & Brown 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.”
Group structure
- OFFSHORE RENEWABLE ENERGY CATAPULT · parent
- ORE Catapult Development Services Limited 100%
- Shandong TUS Offshore Renewable Energy Centre (TORC) Limited 30%
Significant events
- “In April 2023, ORE Catapult launched a new Strategic Plan, backed by renewed core funding from the UK Government.”
- “In December 2024, the new Labour government released its Clean Power 2030 Action Plan, outlining the UK strategy for achieving "a predominantly clean electricity system" by 2030.”
- “At the start of the year, the UK Government announced its decision to invest £86m to repower our large assets to attract OEMs to develop their next generation of offshore wind turbines in the UK.”
- “In the year, ORE Catapult secured £85.6m of capital grant funding over the next 4 years from UKRI.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 45 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALLS, Andrew Peter Lindsay | Secretary | 2021-08-27 | — | — |
| BONNAR, Ronnie | Director | 2019-01-01 | Sep 1963 | British |
| FOXLEY, Steven Robert | Director | 2024-12-31 | Jul 1976 | British |
| GARDINER, James | Director | 2020-12-10 | Apr 1965 | British |
| ROOIJEN, Huub Den | Director | 2018-07-01 | Dec 1959 | Dutch |
| SMITH, Alexandra Fiona | Director | 2020-01-09 | Mar 1975 | British |
| STEWART, Jane Claire | Director | 2022-03-01 | Sep 1972 | British |
| SYKES, Benjamin John | Director | 2021-06-01 | Apr 1965 | British |
| WALLS, Andrew Peter Lindsay | Director | 2021-06-24 | Jul 1968 | British |
| ZAHIROVIC, Maida | Director | 2024-08-01 | Feb 1986 | Danish |
Show 45 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEATTIE, Steven James | Secretary | 2019-11-01 | 2021-08-27 |
| CHIPCHASE, Jill | Secretary | 2003-05-30 | 2006-06-16 |
| CURRIE, David Bernard | Secretary | 2015-02-09 | 2015-03-20 |
| CURRIE, David Bernard | Secretary | 2014-04-16 | 2015-02-02 |
| GAULT, Shareen Bibi | Secretary | 2017-08-01 | 2019-02-11 |
| LINFOOT, Richard John | Secretary | 2003-03-03 | 2003-05-30 |
| MARR, Richard Donald | Secretary | 2006-06-28 | 2014-03-31 |
| WALLS, Andrew Peter Lindsay | Secretary | 2019-02-11 | 2019-11-01 |
| WALLS, Andrew Peter Lindsay | Secretary | 2015-03-20 | 2017-08-01 |
| WALLS, Andrew Peter Lindsay | Secretary | 2015-02-02 | 2015-02-09 |
| WARD HADAWAY COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2003-02-07 | 2003-03-03 |
| AIRLIE, Adrienne Anne | Director | 2019-11-01 | 2019-12-06 |
| BEATTIE, Steven James | Director | 2019-11-01 | 2021-08-27 |
| BROWN, Julian Andrew | Director | 2021-06-01 | 2024-06-01 |
| CLOUGH, John William | Director | 2011-05-06 | 2013-05-04 |
| EVERARD, Ian Douglas | Director | 2003-04-15 | 2005-09-08 |
| FELLS, Ian, Prof | Director | 2003-02-07 | 2005-09-30 |
| FLOYD, Christopher Gordon, Dr | Director | 2012-06-01 | 2015-05-31 |
| GLOVER, Lesley Anne, Prof. Dame | Director | 2016-04-01 | 2025-04-01 |
| GREENWOOD, Miriam Valerie | Director | 2014-03-31 | 2015-01-23 |
| HALLSWORTH, Frederick Stanislaus | Director | 2015-03-20 | 2024-03-31 |
| HOOD, Colin William, Dr | Director | 2014-03-31 | 2021-12-08 |
| IKWUE, Anthony, Dr | Director | 2011-04-27 | 2012-02-01 |
| JAMIESON, Andrew John | Director | 2014-03-31 | 2024-07-09 |
| KENNEDY, Malcolm William, Dr | Director | 2003-06-27 | 2012-02-01 |
| KING, Julia Elizabeth, Professor Dame | Director | 2015-03-20 | 2021-05-06 |
| LIDDELL, Helen Lawrie, Baroness | Director | 2014-03-31 | 2016-04-01 |
| LINFOOT, Richard John | Director | 2003-05-30 | 2006-01-31 |
| MARR, Richard Donald | Director | 2006-06-28 | 2014-03-31 |
| MCDONALD, James Rufus, Professor Sir | Director | 2014-03-31 | 2020-10-06 |
| MCINTOSH, Jeffrey Alder | Director | 2012-02-01 | 2014-03-31 |
| MCNEAL, Hugh Peter | Director | 2016-07-01 | 2023-12-31 |
| MILL, Andrew | Director | 2005-09-08 | 2019-01-31 |
| MOORE, Alan Geoffrey | Director | 2014-03-31 | 2019-07-16 |
| MURCH, Trevor James | Director | 2011-12-01 | 2014-03-31 |
| RICKETT, William Francis Sebastian | Director | 2010-10-01 | 2013-05-31 |
| RUTHERFORD, Alan Gray, Dr | Director | 2003-05-30 | 2011-12-01 |
| SAUNDERS, Robert William | Director | 2014-03-31 | 2015-11-20 |
| TAVNER, Peter John, Professor | Director | 2006-09-01 | 2007-07-01 |
| THOMPSON, Ruth | Director | 2007-07-01 | 2013-05-17 |
| WALLS, Andrew Peter Lindsay | Director | 2015-03-20 | 2019-11-01 |
| WALLS, Andrew Peter Lindsay | Director | 2015-02-02 | 2015-02-09 |
| WHITE, Anthony Alfred Leigh, Dr | Director | 2006-03-24 | 2012-05-31 |
| WHITE, Anthony Alfred Leigh, Dr | Director | 2003-10-29 | 2006-02-15 |
| WILSON, Brian David Henderson, Rt Hon | Director | 2005-10-26 | 2006-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew John Jamieson | Individual | Significant influence | 2016-06-01 | Ceased 2020-10-06 |
| Mr Colin William Hood | Individual | Significant influence | 2016-06-01 | Ceased 2020-10-06 |
Filing timeline
Last 20 of 171 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | AA | accounts | Accounts with accounts type group | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-17 | AA | accounts | Accounts with accounts type group | |
| 2023-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-12 | AA | accounts | Accounts with accounts type group | |
| 2022-03-29 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-08-30 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-0.1%
£40,417,000 £40,389,000
-
Cash
+35.7%
£17,043,000 £23,121,000
-
Net assets
+9.9%
£19,352,000 £21,263,000
-
Employees
-1.8%
325 319
-
Operating profit
+1.3%
£1,919,000 £1,943,000
-
Profit before tax
+11.8%
£2,407,000 £2,690,000
-
Wages
-0.8%
£17,305,000 £17,160,000
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