VPI HOLDING LIMITED

1. VPI HOLDING LIMITED 2013-06-25 → present
2. TEAK POWER OPERATIONS LIMITED 2013-04-11 → 2013-06-25

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Therefore, the Directors conclude there are no material uncertainties relating to events or conditions that may cast significant doubt over the ability of the Group to continue as a going concern and hold a reasonable expectation that the Group has the ability to continue to meet its obligations. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. VPI HOLDING LIMITED · parent
   1. VPI Immingham Operations Limited 100% · England and Wales · Intermediate Holding Company
   2. VPI Generation Limited 100% · England and Wales · Intermediate Holding Company
   3. VPI Immingham B Limited 100% · England and Wales · Energy Project Development
   4. VPI Immingham Energy Park A Limited 100% · England and Wales · Energy Generation
   5. VPI UK Operations Limited 100% · England and Wales · Dormant
   6. VPI ICHP Limited 100% · England and Wales · Intermediate Holding Company
   7. Immingham Energy Limited 100% · England and Wales · Intermediate Holding Company
   8. VPI Immingham LLP 100% · England and Wales · Energy generation
   9. VPI Pipeline Company Limited 100% · England and Wales · Gas distribution
   10. VPI Flex Holdings Limited 100% · England and Wales · Intermediate Holding Company
   11. VPI Flex Limited 100% · England and Wales · Intermediate Holding Company
   12. VPI Power Limited 100% · Scotland · Energy generation
   13. Castlelost Flex Gen Limited 51% · Ireland · Energy Project Development
   14. Derrycarney Solar Limited 75% · Ireland · Photovoltaic energy project
   15. Lumcloon Power Holdings Limited 80% · Ireland · Intermediate Holding Company
   16. Lumcloon Power Investments Limited 80% · Ireland · Intermediate Holding Company
   17. Lumcloon Power Limited 80% · Ireland · Battery
   18. Shannonbridge Power Holdings Limited 80% · Ireland · Intermediate Holding Company
   19. Shannonbridge Power Investments Limited 80% · Ireland · Intermediate Holding Company
   20. Shannonbridge Power Limited 80% · Ireland · Battery
   21. VPI Ireland Operations Limited 100% · Ireland · Intermediate Holding Company
   22. VPI FlexKraft GmbH 90% · Germany · Intermediate Holding Company
   23. VPI FlexKraft Projects Holdings GmbH 90% · Germany · Intermediate Holding Company
   24. VPI FlexKraft Bad Arolsen GmbH 90% · Germany · Battery Project Development
   25. VPI FlexKraft Bad Wildungen GmbH 90% · Germany · Battery Project Development

Significant events

• “During 2024, the construction and commissioning works were completed of the Group's 50MW peaking plant project based in Immingham. The total capital expenditure on this project up to the date of completion was £36.9m. On 24 December 2024, VPI Immingham Energy Park A Limited commenced trading and the peaking plant began to generate power.”
• “In August 2024, the Group acquired 90% of a developmental holding company, VPI FlexKraft GmbH, for a consideration of £0.2m.”
• “On 4 September 2024 the Company cancelled 545 ordinary shares £0.10 shares. On the same date the Company issued 298,834,651 £0.000,000,1 redeemable shares to existing shareholders of the Company. The shares were subsequently redeemed at £1 each and cancelled.”
• “On 19 September 2024 the Company issued 545 ordinary shares at £0.10 nominal value to VPI Midco Limited for a total consideration of £549,814 per share, creating an increase to share premium of £299.6m”
• “On 31 January 2025, as part of a Group restructure, all staff employed by the Group's subsidiaries VPI Power Limited and VPI Immingham LLP were transferred to the Company. All employment obligations from this date onwards will be performed by the Company.”
• “In March 2025, the Company paid dividends of £50.0m to its shareholder VPI Midco Limited.”
• “On 30 June 2025, Prax Lindsay Oil Refinery Limited ("Prax"), a customer of the Group was placed into compulsory liquidation. Unpaid invoices and costs accrued prior to entering liquidation will be dealt with as part of the liquidation process.”
• “During July 2025, the repayment date of the redeemable loan notes owed to VPI Midco Limited, the immediate parent company, was extended from July 2025 to December 2032.”

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

Filings

7

last 12 months

Capital events

4

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.