RURELEC PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-06-30
Confirmation statement due
2026-07-10 (in 2mo)
Last made up 2025-06-26
Watchouts
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
At 30 June 2024 the Company is in a position whereby it can only meet expected costs for 12 months after the signing of this report if there is another successful fundraising in advance of an acquisition or there is a sale of the turbines. ... acknowledge there are some material uncertainty.
Name history
Renamed 2 times since incorporation
- RURELEC PLC 2004-07-19 → present
- RURELEC LIMITED 2004-02-16 → 2004-07-19
- INDEPENDENT POWER INTERNATIONAL LIMITED 2003-06-26 → 2004-02-16
Accounts
Audit & accounting basis
- Accounting basis
- UK-IAS
- Reporting scope
- Standalone (parent only)
- Auditor
- Kreston Reeves LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“At 30 June 2024 the Company is in a position whereby it can only meet expected costs for 12 months after the signing of this report if there is another successful fundraising in advance of an acquisition or there is a sale of the turbines. ... acknowledge there are some material uncertainty.”
Group structure
- RURELEC PLC · parent
- Rurelec Project Finance Limited 100%
- SEA Energy S.A. 95%
Significant events
- “Disposal of Argentinian interests in June 2023 and Chilean interests in December 2023.”
- “Special dividend payment of £1.12 million to shareholders on 14 July 2023.”
- “Shares suspended from AIM, then delisted in June 2024.”
- “Company undertook a capital reorganisation with an associated fundraising of £450,000 in May 2024.”
- “Failed acquisition plans for Oil & Gas producing assets in the shallow waters of the Gulf of Mexico.”
- “Ongoing efforts to sell the two Siemens 701 DU 125MW turbines and generators in storage in Italy.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRAVO QUITERIO, Maria Jose | Secretary | 2017-07-01 | — | — |
| COVENEY, Andrew Hilbre | Director | 2016-11-16 | Apr 1966 | British |
| SHACKLETON, Paul Roger Anthony | Director | 2021-07-26 | Apr 1969 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LAKER, Susan Angela | Secretary | 2003-07-03 | 2017-07-01 |
| HCS SECRETARIAL LIMITED | Corporate Nominee Secretary | 2003-06-26 | 2003-06-26 |
| BLANCO QUINTANILLA, Carlos Pedro Marcelo | Director | 2008-10-01 | 2015-10-31 |
| CHRISTOPHER, Duncan Robin Carmichael, Sir | Director | 2005-09-14 | 2011-02-23 |
| COBEN, Lawrence Stephen | Director | 2011-05-10 | 2014-07-11 |
| EARL, Peter Richard Stephen | Director | 2003-07-03 | 2015-06-19 |
| EMSON, Colin Jack | Director | 2013-10-16 | 2015-10-13 |
| EYRE, John Michael | Director | 2003-10-01 | 2011-04-05 |
| FISHER, Frederick George | Director | 2007-03-05 | 2009-05-22 |
| GALANTE ESCOBAR, Pablo Esteban | Director | 2015-04-09 | 2015-07-14 |
| KEEGAN, Mark Fitzpatrick | Director | 2015-07-19 | 2015-12-14 |
| MATTOS, Francis | Director | 2004-06-17 | 2007-06-22 |
| MORRIS, Andrew James Sinclair | Director | 2009-07-07 | 2015-07-14 |
| MORRIS, Simon Charles | Director | 2015-07-19 | 2021-08-17 |
| MURPHY, Ivan James Bowen | Director | 2024-09-03 | 2025-05-08 |
| ROWBOTHAM, Brian | Director | 2013-10-16 | 2021-04-13 |
| SHAW, Elizabeth | Director | 2003-10-01 | 2015-07-14 |
| WEST, James Glynn | Director | 2004-06-17 | 2010-06-14 |
| HANOVER DIRECTORS LIMITED | Corporate Nominee Director | 2003-06-26 | 2003-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr John Story | Individual | Appoints directors | 2024-03-11 | Active |
| Sterling Trust Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2017-06-26 | Ceased 2024-03-13 |
Filing timeline
Last 20 of 252 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-19 RESOLUTIONS Resolution
- 2024-06-04 MA Memorandum articles
- 2024-05-21 RESOLUTIONS Resolution
- 2023-08-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | SH01 | capital | Capital allotment shares | |
| 2025-07-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-19 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-07 | AA | accounts | Accounts with accounts type full | |
| 2024-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-27 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-22 | SH01 | capital | Capital allotment shares | |
| 2024-06-04 | MA | incorporation | Memorandum articles | |
| 2024-06-04 | SH02 | capital | Capital alter shares subdivision | |
| 2024-05-22 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-05-21 | SH01 | capital | Capital allotment shares | |
| 2024-05-21 | SH08 | capital | Capital name of class of shares | |
| 2024-05-21 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-07 | AUD | auditors | Auditors resignation company | |
| 2024-02-29 | AUD | auditors | Auditors resignation company | |
| 2023-12-22 | AA01 | accounts | Change account reference date company current extended | |
| 2023-08-11 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 6
- Officers appointed
- 0
- Officers resigned
- 1
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
Latest filed period vs the prior one