HGPE ASG FINANCE LIMITED

1. HGPE ASG FINANCE LIMITED 2012-12-19 → present
2. DE FACTO 1958 LIMITED 2012-04-11 → 2012-12-19

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Albert Goodman LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has net assets of £346,527 (2023: £319,951) and a cash balance of £9,181 (2023: £181,368). Notwithstanding the Company's net current liabilities of £3,048,081 (2023: £3,074,657), the Company will continue to be supported by both the Group and its investor Atrato Onsite Energy Holdco Limited, from whom a letter of support has been obtained to corroborate the investor's intentions in this regard. The Group remains profitable, generating a significant cash surplus each year above its group liabilities. Noting this, the directors believe that the Group and the investor both have the financial resources to support the Company as a going concern. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements. The going concern assessment is dependent on the immediate parent, Rooftop Solar 2 Limited, not seeking repayment of the amounts currently due, which at 31 December 2024 amounted to £15,469,426. Rooftop Solar 2 Limited has indicated that it does not intend to seek repayment of the amounts due and Atrato Onsite Energy Holdco Limited has indicated its intention to continue to make available such funds as are needed by the Company during the going assessment period. In auditing the financial statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a year of at least twelve months from when the original financial statements were authorised for issue.”

Significant events

• “As part of the loan note agreement with A Shade Greener (F2) Ltd, the Company has entered into a cross group guarantee with A Shade Greener (F2) Ltd, HGPE ASG Limited and HGPE ASG Assetco Ltd. At the balance sheet date, the year end liability under the cross group guarantee for the Company was £23,394,679 (2023 - £24,857,000).”
• “Following a group restructuring post year end, the ultimate controlling party is Brookfield Corporation by virtue of its shareholding, a Company registered in Ontario, Canada.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -94.9%

  £181,368 → £9,181

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Profit before tax

  +2,937.5%

  -£80,231 → £2,276,576

  first positive since 2023

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