CERES POWER HOLDINGS PLC

1. CERES POWER HOLDINGS PLC 2004-11-16 → present
2. CERES POWER HOLDINGS LIMITED 2004-07-13 → 2004-11-16
3. LAW 2421 LIMITED 2004-07-08 → 2004-07-13

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

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the review of the Group's cash flow forecasts, financial budgets and investment appraisals, forecast income and expenditure, performing appropriate sensitivity and scenario analyses, and after considering a number of qualitative factors, the Directors are satisfied that the Group and Company have adequate resources to progress and implement the Group's short term business plan and have adequate resources to continue to operate for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. CERES POWER HOLDINGS PLC · parent
   1. Ceres Intellectual Property Company Ltd 100% · England and Wales
   2. Ceres Power Intermediate Holdings Ltd 100% · England and Wales
   3. Ceres Power Licence Company Ltd 100% · England and Wales
   4. Ceres Holdings International Ltd 100% · England and Wales
   5. Ceres Engineering Consulting (Shanghai) Co Ltd 100% · Shanghai China

Significant events

• “A new operational structure has been implemented to drive the next phase of growth.”
• “A new manufacturing licence agreement signed with Weichai.”
• “First payment received for RFC Power Ltd, and remaining share capital acquired.”
• “Megalwatt-scale demonstration electrolyser started production at Shell's Technology Centre in Bangalore, India.”

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

Filings

20

last 12 months

Capital events

17

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -37.1%

  £51,891,000 → £32,643,000

• Cash

  -24.5%

  £47,494,000 → £35,835,000

• Net assets

  +7.1%

  £379,773,000 → £406,650,000

• Employees

  -7.1%

  353 → 328

• Operating profit

  -52.1%

  -£31,317,000 → -£47,621,000

• Profit before tax

  -94.7%

  -£25,861,000 → -£50,360,000

• Wages

  -9.4%

  £37,278,000 → £33,763,000

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