UK Companies House feature
PRINCIPLE POWER (EUROPE) LIMITED
Cash
£200K
+106.2% vs 2023
Net assets
-£242K
+49% vs 2023
Employees
3
-25% vs 2023
Profit before tax
£152K
-61.8% vs 2023
Profile
- Company number
- 07576908
- Status
- Active
- Incorporation
- 2011-03-24
- Last accounts made up
- 2024-12-30
- Account category
- FULL
- Primary SIC
- 35110
- Hubs
- UK Energy & Climate
Net assets
5-year trend · vs UK Energy & Climate median
Accounts
5-year trend · latest 2024-12-30
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-30 | 2023-12-30 | 2024-12-30 |
|---|---|---|---|---|---|---|
| Turnover | £132,014 | £283,840 | £1,120,370 | £1,134,798 | £619,892 | |
| Operating profit | -£104,644 | £206,439 | £248,422 | £403,832 | £158,332 | |
| Profit before tax | -£111,482 | £199,582 | £242,054 | £397,156 | £151,798 | |
| Net profit | -£111,482 | £199,582 | £242,054 | £397,156 | £232,315 | |
| Cash | £27,068 | £218,651 | £239,505 | £96,771 | £199,530 | |
| Total assets less current liabilities | -£1,312,743 | -£1,113,161 | -£871,105 | -£473,949 | -£241,634 | |
| Net assets | — | -£1,113,161 | -£871,105 | -£473,949 | -£241,634 | |
| Equity | — | -£1,113,161 | -£871,105 | -£473,949 | -£241,634 | |
| Average employees | 0 | 1 | 4 | 4 | 3 | |
| Wages | — | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the continued support of the parent company, the directors are confident that the Company will be able to meet its liabilities for a period of at least 12 months from the approval of the financial statements and have therefore concluded that it is appropriate for the financial statements to be prepared on the going concern basis.”
Significant events
- “There have been no significant events since the year end.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORPORATE MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2011-03-24 | — | — |
| BARBOSA LOUREIRO AMARAL, Joao Filipe | Director | 2026-02-24 | Sep 1980 | Portuguese |
| DELF, Peter James | Director | 2011-03-24 | Nov 1947 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| METELO, Joao Antonio Pina | Director | 2018-12-03 | 2021-04-15 |
| RODRIGUES FREITAS ROSA, Paula Christina | Director | 2021-04-15 | 2026-02-24 |
| WEINSTEIN, Alla | Director | 2011-09-01 | 2015-01-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aker Offshore Wind As | Corporate entity | Shares 25–50% | 2020-12-16 | Ceased 2022-08-22 |
| Principle Power Inc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2023-05-01 |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-06 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2026-02-25 | TM01 | officers | termination director company with name termination date |
| 2026-02-25 | AP01 | officers | appoint person director company with name date |
| 2025-09-30 | AA | accounts | accounts with accounts type full |
| 2025-03-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-27 | AA | accounts | accounts with accounts type full |
| 2024-04-18 | PSC08 | persons-with-significant-control | notification of a person with significant control statement |
| 2024-04-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-04-09 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-04-09 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-12-29 | AA | accounts | accounts with accounts type full |
| 2023-09-29 | AA01 | accounts | change account reference date company previous shortened |
| 2023-05-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-30 | AA | accounts | accounts with accounts type small |
| 2022-05-03 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-10-05 | AA | accounts | accounts with accounts type small |
| 2021-06-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-06-01 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2021-05-10 | AP01 | officers | appoint person director company with name date |
| 2021-04-27 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-30
-0.64
DISTRESS
Altman Z″
- Working capital / Total assets -0.212 × 6.56 = -1.39
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.139 × 6.72 = +0.93
- Book equity / Total liabilities -0.175 × 1.05 = -0.18
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Composite activity score · components 0–100 · reference 2026-05-09
22.8
COLD
/ 100
- Filings velocity 33
- Capital events 0
- Officer churn 50
- Headcount trajectory 25
- Accounts trajectory 5
- 4 filing(s) in last 12 months
- 1 appointed, 1 resigned (12mo)
- Employees -25% YoY
- Turnover -45% YoY