BRADENSTOKE SOLAR PARK LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. BRADENSTOKE SOLAR PARK LIMITED 2015-01-08 → present
2. LYNEHAM SOLAR PARK LIMITED 2015-01-08 → 2015-01-08
3. PACKINGTON SOLAR PARK LIMITED 2014-11-05 → 2015-01-08

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG Channel Islands Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements (the "going concern period").”

Significant events

• “Subsequent to the year end, there was a change in control following the acquisition of the share capital of the Company.”
• “Credit risk: Losses due to the inability or unwillingness of a customer to meet its obligations. This is mitigated by the Company entering into price agreements with creditworthy counterparties for the purchase of electricity to be generated by the solar photovoltaic plant.”
• “Operational risk: Failure to meet expected levels of generation output due to technical issues affecting performance of the plant. The Company has sought to mitigate this risk by the appointment of Bluefield Services Limited, as its dedicated asset manager, with responsibility for closely monitoring the performance of the plant, ensuring activities conducted by third party contractors are completed in a timely fashion and, as required, contractual protections are enforced. The Company also has insurance policies in place that protect against generation loss in situations out of the Company's control.”
• “Russia/Ukraine conflict risk: The directors are continuously monitoring the impact, if any, of the ongoing conflict in Ukraine may have on the entity and the impact on energy prices across the portfolio. The Company has no direct exposure to either Ukraine or Russia.”

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

2

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.