WALNEY EXTENSION PSC LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. WALNEY EXTENSION PSC LIMITED 2025-01-03 → present
2. ORSTED WALNEY EXTENSION HOLDINGS LIMITED 2017-10-30 → 2025-01-03
3. DONG ENERGY WALNEY EXTENSION HOLDINGS LIMITED 2017-08-04 → 2017-10-30

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

“Based on the directors' assessment described above the directors are of the opinion that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of signing the financial statements for the year ended 31 December 2024 and therefore the going concern basis has been adopted in preparing the financial statements.”

Group structure

1. WALNEY EXTENSION PSC LIMITED · parent
   1. Walney Extension Limited 50% · England · Wind Farm
   2. Walney Extension Holdings Limited 50% · England · Holding Company

Significant events

• “On 31 December 2024, following a change in the company's immediate shareholders, the company ceased to be the ultimate beneficiary of the CfD subsidy and entered into a long term offtake agreement ("F.PPPA") which provides secure revenues from power sales.”
• “PPA with former shareholder and it sold all its power generation and associated benefits under this agreement. This PPA was terminated on 31 December 2024, at which point the company entered into a long term offtake agreement ("F.PPPA") with its current shareholders, which provides secure revenues from power sales.”
• “In 2024, the obligation associated with this provision was transferred to the company's new shareholders and was derecognised from the company's financial statements, as a result of entering into a long term offtake agreement ("F.PPPA").”

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

Filings

9

last 12 months

Capital events

2

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +3.1%

  £262,120,171 → £270,281,478

• Cash

  -63%

  £14,362,826 → £5,318,310

• Net assets

  +281.3%

  £177,143,140 → £675,484,797

• Employees

  —

  Not reported

• Operating profit

  +9.2%

  £125,625,210 → £137,156,556

• Profit before tax

  +15.3%

  £91,112,201 → £105,007,406

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