WINDAR PHOTONICS PLC

1. WINDAR PHOTONICS PLC 2014-12-12 → present
2. WINDAR PHOTONICS LIMITED 2014-05-06 → 2014-12-12

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

Consolidated group

Auditor

Gravita Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Based on the Group's latest trading expectations and associated cash flow forecasts, taking into account the £5.9m capital increase In December 2024 the directors have considered the cash requirements of the Group on which basis the board is convinced the Company has sufficient cash flows for operations for the coming 12 months period from 30th June 2025.”

Group structure

1. WINDAR PHOTONICS PLC · parent
   1. Windar Denmark ApS 100% · Denmark · Holding company
   2. Windar Photonics A/S 100% · Denmark · Develop and commercialise wind turbine technology
   3. Windar Photonics (Shanghai) Co. Ltd. 100% · China · Commercialise wind turbine technology

Significant events

• “The Group will be relocating its main production, R&D and administrative operations to a new and cost-effective site in Ishoj, Denmark in July 2025. This move will significantly increase production capacity as well as improving operating efficiency.”
• “On 26 February 2025, the Group issued 329,956 shares at an average subscription price of 44.43p per share in satisfaction of fees due to Non-Executive Directors in respect of 2024.”
• “On 30 April 2025, the Advisory Board has been formed to provide both commercial and technical guidance on the future development of the Group's products and services.”
• “On 9 June 2025, the Group announced the appointment of Mr. Andreas Berg Nielsen to the Board as Non-Executive Director.”
• “Post year end, there is an ongoing litigation in Shanghai. The current legal case is dating back to a sales contract from June 2018. A customer ordered 50 WindEye systems. Prepayment was made by the customer upon ordering, however, the Group chased the customer for a call-off back in 2019 as the customer couldn't fulfil their end of the contract. However, in 2024, the customer sued the Company to get the prepayment back and solicitors were engaged to address this matter.”

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

Filings

15

last 12 months

Capital events

5

last 24 months

Officers appointed

2

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

  -4.3%

  £4,131,834 → £3,953,290

• Cash

  +4,543.4%

  £131,917 → £6,125,466

• Net assets

  +4,034%

  £229,649 → £9,493,765

• Employees

  +18.5%

  27 → 32

• Operating profit

  -876.6%

  -£96,271 → -£940,191

• Profit before tax

  -219.6%

  -£304,344 → -£972,633

• Wages

  +43.4%

  £1,102,634 → £1,581,585

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