PRINCIPLE POWER (EUROPE) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-30
Confirmation statement due
2027-04-07 (in 11mo)
Last made up 2026-03-24
Watchouts
None on the register
Cash
£200K
+106.2% vs 2023
Net assets
-£242K
+49% highest in 5 filed years
Employees
3
-25% vs 2023
Profit before tax
£152K
-61.8% first positive since 2020
Net assets
5-year trend · vs Utilities median
Accounts
5-year trend · latest reflected 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 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 | 2020-12-31 | 2021-12-31 | 2022-12-30 | 2023-12-30 | 2024-12-30 |
|---|---|---|---|---|---|---|
| Operating margin | -79.3% | 72.7% | 22.2% | 35.6% | 25.5% | |
| Net margin | -84.4% | 70.3% | 21.6% | 35.0% | 37.5% | |
| Return on capital employed | 8.0% | -18.5% | -28.5% | -85.2% | -65.5% | |
| Interest cover | -15.30x | 30.11x | 39.01x | 60.49x | 24.23x |
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 §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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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 2024-12-30 vs 2023-12-30
-
Turnover
-45.4%
£1,134,798 £619,892
-
Cash
+106.2%
£96,771 £199,530
-
Net assets
+49%
-£473,949 -£241,634
highest in 4 filed years
-
Employees
-25%
4 3
-
Operating profit
-60.8%
£403,832 £158,332
first positive since 2020
-
Profit before tax
-61.8%
£397,156 £151,798
first positive since 2020
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