BIIF HOLDCO LIMITED

1. BIIF HOLDCO LIMITED 2008-11-14 → present
2. OUSEWAY LIMITED 2008-09-23 → 2008-11-14

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 102

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on the going concern basis for the reasons set out in the Accounting Policies. After making the assessment on going concern, the directors considered it appropriate to prepare the financial statements of the Group on a going concern basis The Group has sufficient financial resources and liquidity in the current economic environment to continue operations for a period of at least 12 months from the date of approving these financial statements Accordingly, they continue to adopt the going concern basis in preparing these financial statements”

Group structure

1. BIIF HOLDCO LIMITED · parent
   1. A-Roads Investments Limited 100% · UK
   2. BIIF Parentco Limited 100% · UK
   3. Black Hill Wind Farm Holdco Limited 100% · UK
   4. BIIF Holdco II Limited 100% · UK
   5. PFI Infrastructure Finance Limited 100% · Isle of Man
   6. BIIP Sarl 100% · Luxembourg
   7. BIIF Offshare Windkraft Holdings Limited 100% · Jersey

Significant events

• “One of the Group's projects reached expiry in February 2025, with the SPV retaining ownership of the building's headlease. The public sector counterparty had previously indicated a desire to acquire the building's headlease prior to the end of the concession. In response, the Board resolved in July 2024 to sell the headlease at market value, enabling the Group to realise proceeds ahead of schedule and thus increasing shareholder returns.”
• “For one of the projects in the group a calculation error was discovered during 2022 in respect of the re-basing of the pricing which was incorporated in a prior contract variation which would have resulted in the income to the subsidiary significantly reducing from the originally contracted position from September 2023 The subsidiary commenced Arbitration proceedings for rectification of the error in 2024 The Arbitration was in process at the balance sheet date Following this date, The Secretary of State for Defence and the subsidiary have concluded arrangements for an early exit of the PFI contract for the Joint Services Command and Staff College as at 31 July 2025 and the subsidiary ceased trading on that date These events have resulted in the reversal of the onerous contract, and an impairment to the final carrying value of the subsidiary's finance debtor”

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

  -4.3%

  £298,529,000 → £285,623,000

• Cash

  +1.6%

  £276,251,000 → £280,533,000

• Net assets

  +4.4%

  -£604,081,000 → -£577,314,000

• Employees

  -0.8%

  130 → 129

• Operating profit

  +51%

  £33,578,000 → £50,702,000

• Profit before tax

  +126.1%

  -£22,165,000 → £5,790,000

• Wages

  +0.6%

  £10,128,000 → £10,188,000

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