POWERLINK RENEWABLE ASSETS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. POWERLINK RENEWABLE ASSETS LIMITED 2024-05-11 → present
2. SEEIT SOL LIMITED 2022-09-30 → 2024-05-11
3. UNITED UTILITIES RENEWABLE ENERGY LIMITED 2014-02-27 → 2022-09-30

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's forecasts and projections, taking into account reasonably possible changes in trading performance show that the Company has adequate resources to continue operating for the foreseeable future. Accordingly, the Director is satisfied it is appropriate to adopt the going concern basis of accounting in the preparation of these financial statements.”

Significant events

• “On 3 May 2024 the Company was acquired by UK Power Networks Services Holdings Limited and UK Power Networks Holdings Limited became the ultimate parent and controlling party.”
• “Following the acquisition of the company on 3 May 2024 by UK Power Networks Services Holdings, the existing intercompany loan was novated to the new parent company. The value transferred was £52,483k with a maturity date of 3 May 2027 and revised interest terms based on the daily SONIA (Sterling Overnight Index Average) rate plus a margin of 0.4%. During the year, the loan was reduced to £50,000k.”

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

0

last 12 months

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