GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-09-30
Confirmation statement due
2026-08-31 (in 3mo)
Last made up 2025-08-17
Watchouts
Cash
£10K
Latest balance sheet
Net assets
£9M
Equity attributable
Employees
—
Average over period
Profit before tax
-£576K
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Since the start of the Managed Wind Down in July 2021, the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. On this basis, the Directors have prepared the VCT's financial statements on a basis other than going concern.
Name history
Renamed 1 time since incorporation
- GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC 2019-03-07 → present
- HAZEL RENEWABLE ENERGY VCT1 PLC 2010-09-16 → 2019-03-07
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-09-30 | 2025-03-31 |
|---|---|---|---|
| Turnover | £1,690,000 | £687,000 | |
| Operating profit | — | — | |
| Profit before tax | -£2,418,000 | -£576,000 | |
| Net profit | -£2,418,000 | -£576,000 | |
| Cash | £1,000 | £10,000 | |
| Total assets less current liabilities | £9,904,000 | £9,328,000 | |
| Net assets | £9,904,000 | £9,328,000 | |
| Equity | £9,904,000 | £9,328,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2024-09-30 | 2025-03-31 |
|---|---|---|---|
| Net margin | -143.1% | -83.8% | |
| Gearing (liabilities / total assets) | 31.8% | 31.4% | |
| Current ratio | 3.15x | 3.19x |
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
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Material uncertainty disclosed
“Since the start of the Managed Wind Down in July 2021, the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. On this basis, the Directors have prepared the VCT's financial statements on a basis other than going concern.”
Significant events
- “The sale process has been challenging given the tough market conditions and specifically large discounts to Net Asset Values for listed renewable energy funds.”
- “Whilst the exclusivity period agreed in 2024 with the original preferred bidder has expired and the offer withdrawn, further non-binding offers have now been received for the remaining solar assets by the date of signing of the half-yearly report for the six months ended 31 March 2025 at the end of June 2025.”
- “The Board anticipates that the Company will fall below these required percentages by mid-September 2025. Therefore, to avoid a breach of VCT status, the Board has been advised that the Company may need to enter a members' voluntary liquidation by beginning of September 2025 which would involve delisting of the Company's shares.”
- “The company, bio-bean Limited, went into administration in April 2023 and is in the process of liquidation. No recovery of any value is expected.”
- “The documentation was finally completed in April 2025 having gained lender consent beforehand as required. This removes what was seen as an impediment to a sale of this asset [South Marston grid connection].”
- “The replacement panels from the first manufacturer were received during May 2025 and preparatory work ahead of their installation is underway.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2019-10-30 | — | — |
| CLARK, Giles Anthony | Director | 2022-09-30 | Oct 1967 | British |
| HUNTER, David Edgar | Director | 2019-09-18 | Feb 1955 | British |
| NOTT, Gillian | Director | 2018-05-01 | May 1945 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANES, Alan Lawrence | Secretary | 2010-09-16 | 2010-09-28 |
| WHITEHOUSE, Grant Leslie | Secretary | 2010-09-28 | 2019-10-30 |
| WATERLOW SECRETARIES LIMITED | Corporate Secretary | 2010-09-16 | 2010-09-16 |
| BANES, Alan Lawrence | Director | 2010-09-16 | 2010-09-28 |
| CUNNINGHAM, Harold Michael Clunie | Director | 2010-09-28 | 2017-07-04 |
| DAVIES, Dunstana Adeshola | Director | 2010-09-16 | 2010-09-16 |
| GRIERSON, John Duncan | Director | 2018-07-16 | 2022-09-30 |
| GUEST, Benjamin James Ernest | Director | 2010-09-28 | 2016-03-07 |
| HAY, Stephen John | Director | 2010-09-28 | 2018-04-30 |
| HUNT, Anthony Jonathan | Director | 2010-09-16 | 2010-09-28 |
| KNIGHT, Stuart James | Director | 2017-01-31 | 2022-09-30 |
| WATERLOW NOMINEES LIMITED | Corporate Director | 2010-09-16 | 2010-09-16 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 133 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-02 RESOLUTIONS Resolution
- 2024-04-04 RESOLUTIONS Resolution
- 2023-05-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-28 | AA01 | accounts | Change account reference date company current extended | |
| 2025-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-16 | AA | accounts | Accounts with accounts type interim | |
| 2025-04-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-07 | AA | accounts | Accounts with accounts type full | |
| 2024-08-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-23 | AD02 | address | Change sail address company with old address new address | |
| 2024-08-12 | AA | accounts | Accounts with accounts type interim | |
| 2024-04-04 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-09 | AA | accounts | Accounts with accounts type full | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-20 | AA | accounts | Accounts with accounts type interim | |
| 2023-05-25 | MISC | miscellaneous | Miscellaneous | |
| 2023-05-25 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-05-25 | OC | miscellaneous | Court order | |
| 2023-05-15 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-08 | AA | accounts | Accounts with accounts type interim | |
| 2023-02-07 | AA | accounts | Accounts with accounts type full | |
| 2022-10-04 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-09-30