LOCAL GENERATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-13 (in 1mo)
Last made up 2025-05-30
Watchouts
None on the register
Cash
£141K
-73.6% vs 2023
Net assets
£5M
-12.4% lowest in 6 filed years
Employees
27
+8% highest in 6 filed years
Profit before tax
-£875K
+57% vs 2023
Net assets
6-year trend · vs Utilities median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £11,010,015 | £11,136,105 | £10,369,227 | |
| Operating profit | — | — | — | £775,835 | -£2,017,128 | -£861,906 | |
| Profit before tax | — | — | — | £762,192 | -£2,033,570 | -£875,405 | |
| Net profit | — | — | — | — | — | — | |
| Cash | £81,027 | £238,423 | £353,186 | £579,084 | £534,905 | £141,431 | |
| Total assets less current liabilities | £8,434,894 | £8,268,113 | £15,824,392 | £10,299,166 | £9,689,807 | £5,928,527 | |
| Net assets | £6,733,229 | £6,731,112 | £6,784,260 | £7,278,729 | £5,587,982 | £4,893,735 | |
| Equity | £6,733,229 | £6,731,112 | £6,784,260 | £7,278,729 | £5,587,982 | £4,893,735 | |
| Average employees | 16 | 15 | 15 | 21 | 25 | 27 | |
| Wages | — | — | — | £687,115 | £811,660 | £861,906 |
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 7.0% | -18.1% | -8.3% | |
| Return on capital employed | — | — | — | 7.5% | -20.8% | -14.5% | |
| Interest cover | — | — | — | 56.87x | -122.68x | -63.85x |
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
- Standalone (parent only)
- Auditor
- Ryecroft Glenton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At 31 December 2024 the Company had net current liabilities of £3,382,365 (2023: £575,473) and net assets of £4,893,735 (2023: £5,587,982). The Company is dependent upon the funds provided by GVO B-1 Limited, the 77% shareholder of the Company. The ultimate parent, GVO B-1 Limited has been provided with a letter of support that will allow it to make available such funds as are needed by the Company to continue in operational existence for at least 12 months from signing off so the Company can meet its liabilities that fall due for payment, should it be needed. Having reviewed the Company's current position and forecasts for the next twelve months which shows promising results, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis was adopted in preparing the financial statements.”
Significant events
- “During 2025, the Company has committed to invest in essential works to ensure that its assets remain compliant, efficient, and capable of delivering strong operational performance. This includes a significant de-grit of the plant's digester, which is expected to enhance operational efficiency, increase reliability, and support improved financial performance in future years.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEELING, Andrew Piers Symons | Director | 2011-04-13 | Dec 1973 | British |
| MADDAN, Ralph Buchanan | Director | 2024-09-06 | Dec 1964 | British |
| STOYELL, Christer Eric | Director | 2024-11-20 | Nov 1977 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEARN, Matthew | Secretary | 2016-06-23 | 2016-11-11 |
| DUGUID, Adam Matthew | Secretary | 2022-01-28 | 2024-09-06 |
| PAUL, Gail | Secretary | 2008-05-30 | 2015-12-18 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 2008-05-30 | 2008-05-30 |
| ANDERSON, Richard James | Director | 2015-04-29 | 2015-12-18 |
| BOLLAND, Marc | Director | 2024-09-06 | 2024-11-20 |
| DUGUID, Adam Matthew | Director | 2022-01-28 | 2024-09-06 |
| ELDEN, Jeremy Mark | Director | 2008-05-30 | 2008-08-11 |
| HARROD, Mark Anthony | Director | 2008-05-30 | 2015-12-18 |
| HUNTER, Neil Francis | Director | 2012-04-06 | 2024-09-06 |
| KUESSNER, Michael | Director | 2015-12-18 | 2024-09-06 |
| PARR, Angela Caroline Maria | Director | 2022-01-28 | 2023-06-12 |
| SCHREIBER, Kuno Paul Sutter | Director | 2015-12-18 | 2018-07-13 |
| SPENCE, Allan Crombie | Director | 2012-04-06 | 2016-01-28 |
| TERRY, Dawn Susan | Director | 2012-04-06 | 2013-08-16 |
| VIERGUTZ, Marina Nitsa | Director | 2024-09-06 | 2025-01-31 |
| WATERMAN, Nicholas | Director | 2008-05-30 | 2015-03-31 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 2008-05-30 | 2008-05-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gvo B-1 Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-07-05 | Active |
| Logen Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2017-07-05 |
Filing timeline
Last 20 of 115 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-19 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-21 | TM01 | officers | Termination director company | |
| 2024-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-18 | MA | incorporation | Memorandum articles | |
| 2024-09-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-6.9%
£11,136,105 £10,369,227
lowest in 3 filed years
-
Cash
-73.6%
£534,905 £141,431
-
Net assets
-12.4%
£5,587,982 £4,893,735
lowest in 6 filed years
-
Employees
+8%
25 27
highest in 6 filed years
-
Operating profit
+57.3%
-£2,017,128 -£861,906
-
Profit before tax
+57%
-£2,033,570 -£875,405
-
Wages
+6.2%
£811,660 £861,906
highest in 3 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers