DRAX HYDRO LIMITED

1. DRAX HYDRO LIMITED 2020-12-09 → present
2. DOMUS ENERGY LIMITED 2013-08-16 → 2020-12-09

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing going concern, the Directors have assessed the prospects of the Company over the 12-month period after the date that these financial statements were authorised for issue. The Directors have considered the forecast financial position of the Company, the Company's commitments and obligations, the Company's expected cashflows and other relevant financial forecasts. This assessment has considered the level of funding available to the Company, participation in the Group's cash pool arrangements and other forms of internal support, including a letter of support received from Drax Group Holdings Limited, where applicable, credit metrics and the current and future economic climate. In their assessment, the Directors have considered the principal risks faced by the Company including, climate change.”

Group structure

1. DRAX HYDRO LIMITED · parent
   1. Drax Pumped Storage Limited 100% · UK · Power generation
   2. Drax River Hydro Limited 100% · UK · Power generation
   3. SMW Limited 100% · UK · Fuel supply

Significant events

• “During the prior year, a transfer of the Drax Power Group (DPG) Electricity Supply Pension Scheme (ESPS) from Drax Power Limited to Drax Hydro Limited took place. On 31 January 2023 the DPG ESPS's assets and liabilities were transferred to the Drax 2019 Scheme, and the DPG ESPS was wound up on 17 April 2023.”
• “In June 2023, the UK High Court issued a ruling in the case of Virgin Media Limited v NTL Pension Trustees II Limited and others relating to the validity of certain historical pension changes. The ruling confirmed the need for actuarial confirmation where schemes made changes to benefits between 6 April 1997 and 5 April 2016, and any relevant amendments were void without the appropriate confirmation. During 2024, Virgin Media Limited appealed the High Court's decision through the Court of Appeal, but this was upheld on 25 July 2024.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +5.8%

  £90,603,000 → £95,834,000

• Employees

  +35.7%

  14 → 19

• Operating profit

  +96.5%

  -£404,000 → -£14,000

• Profit before tax

  -44.2%

  £1,581,000 → £882,000

• Wages

  +29.9%

  £1,517,000 → £1,971,000

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