HORNSEA 1 LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. HORNSEA 1 LIMITED 2017-11-22 → present
2. HERON WIND LIMITED 2011-05-19 → 2017-11-22

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least 12 months from the date of approval of the financial statements. Given that the majority of revenues and costs are based on fixed contracts, the directors' base case assessment, which is based on board-approved budgets, is that the company is expected to continue to generate operating cash flows sufficient to cover non-discretionary investing and financing cash flows, and as a result to maintain sufficient liquidity, over the forecast period. There are no indications of any events that would result in significant one-off payments of unforecast liabilities for the company. As part of their assessment the directors have considered the principal risks and uncertainties of the business disclosed in the relevant section of the Strategic Report. Whilst potentially severe but plausible downside scenarios have been identified the directors have concluded that, based on the mitigations put in place, these risks and uncertainties do not impact the going concern conclusion.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

2

last 24 months

Officers appointed

7

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.6%

  £573,678,742 → £564,612,834

• Cash

  -9%

  £34,579,391 → £31,469,839

• Net assets

  +25.4%

  -£587,473,911 → -£438,246,951

• Employees

  —

  Not reported

• Operating profit

  +74.7%

  £15,322,588 → £26,765,337

• Profit before tax

  +19.3%

  -£126,560,201 → -£102,153,231

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