GE ENERGY POWER CONVERSION TECHNOLOGY LIMITED

1. GE ENERGY POWER CONVERSION TECHNOLOGY LIMITED 2012-06-29 → present
2. CONVERTEAM TECHNOLOGY LTD 2007-01-03 → 2012-06-29
3. CLIFFTHINK LIMITED 2006-09-01 → 2007-01-03

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has net assets of €20,772,000 as at 31 December 2024 (2023: €98,166,000) and a profit for the year of €2,606,000 (2023: loss of €2,632,000). Based on this position the financial statements have been prepared on a going concern basis which the directors consider to be appropriate. The directors have performed a going concern assessment for a period of 12 months from the date of approval of these financial statements, also considering events reasonably foreseeable beyond this horizon, and in light of the company's ability to access the new GE Vernova group cash pool facility if required, the company will have sufficient funds to meet its liabilities as they fall due for that period. The directors are confident that the company will have sufficient funds to continue in operational existence for at least 12 months from the date of approval of these financial statements and they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “GE Digital, Renewables and Power businesses have been combined into one business and spun off from General Electric Company (GE) on 2 April 2024 (going forward branded as GE Vernova).”
• “From 2 April 2024 the ultimate parent undertaking is GE Vernova Inc., a company incorporated and resident in Delaware USA.”
• “On 17 October 2024 the company paid an interim dividend of €80,000,000 (2023: €nil) to its immediate parent undertaking GE Energy Power Conversion UK Holdings Limited.”

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

Filings

2

last 12 months

Capital events

0

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

  +17%

  £16,142,510 → £18,891,297

• Cash

  —

  Not reported

• Net assets

  -78.8%

  £85,095,354 → £18,006,241

• Employees

  —

  Not reported

• Operating profit

  +103.6%

  -£4,304,785 → £154,300

• Profit before tax

  +217.2%

  -£2,096,047 → £2,455,791

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