SEEIT US TWO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-28 (in 3mo)
Last made up 2025-08-14
Watchouts
None on the register
Cash
£7K
-7.3% vs 2024
Net assets
£152M
+61.5% vs 2024
Employees
0
Average over period
Profit before tax
£29M
+132.3% vs 2024
Name history
Renamed 1 time since incorporation
- SEEIT US TWO LIMITED 2019-12-17 → present
- EECO MALTS NO. 1 LIMITED 2017-08-15 → 2019-12-17
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£90,355,855 | £29,225,559 | |
| Net profit | -£90,355,855 | £29,225,559 | |
| Cash | £7,987 | £7,407 | |
| Total assets less current liabilities | £94,381,054 | £152,390,418 | |
| Net assets | £94,381,054 | £152,390,418 | |
| Equity | £94,381,054 | £152,390,418 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 0.0% | 0.2% | |
| Current ratio | 0.17x | 0.03x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As the Company had net current liabilities of £276,621 at year end (2024: £37,671), the Directors have obtained a legally binding letter of support from the Parent, to ensure it can service its debts and continue to operate as a going concern, for at least 15 months from the date of signing these financial statements. This letter states that: The Parent will provide financial support to the Company such that the Company is able to operate as a going concern and to settle its liabilities as they fall due.”
Group structure
- SEEIT US TWO LIMITED · parent
- SEEIT Red Holdco LLC 100%
- SEEIT District Energy LLC 100%
- Recycled Energy Development, LLC 100%
- Red-Rochester LLC 100%
Significant events
- “During the year ended 31 March 2025, the Company issued 3 (2024: 5) ordinary shares which raised £28,783,805 (2024: £17,497,923). No dividends were declared and paid in the year (2024: £nil).”
- “For the year ended 31 March 2025, there was an unrealised gain on the fair value of the investments of £29,250,522 (2024: loss of £90,314,615) which is mostly due to changes in discount rates used.”
- “The Company is UK registered and currently neither the Company, nor its investments conducts business and operations in the regions; therefore, the Company is not subject to any direct impact caused by these events.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2024-04-03 | — | — |
| GRIFFITHS, Ben Richard Glenton | Director | 2024-11-01 | Aug 1987 | English |
| KHAN, Fuaad Noor | Director | 2024-11-01 | Jun 1982 | British |
| KINGHORN, Andre Eugene | Director | 2019-02-25 | Jul 1978 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| APEX GROUP SECRETARIES (UK) LIMITED | Corporate Secretary | 2021-07-01 | 2024-04-03 |
| MAXWELL, Jonathan Marc | Director | 2017-08-15 | 2023-01-27 |
| MUTHU, Joseph | Director | 2017-08-15 | 2019-02-25 |
| SAPRE, Purvi | Director | 2023-01-27 | 2024-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Seeit Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-12-16 | Active |
| Seeit Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-08-15 | Ceased 2019-12-16 |
Filing timeline
Last 20 of 51 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-05 | CH01 | officers | Change person director company with change date | |
| 2025-12-05 | AA | accounts | Accounts with accounts type full | |
| 2025-10-20 | SH01 | capital | Capital allotment shares | |
| 2025-10-20 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | CH01 | officers | Change person director company with change date | |
| 2025-09-15 | CH01 | officers | Change person director company with change date | |
| 2025-08-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-15 | AA | accounts | Accounts with accounts type full | |
| 2025-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | SH01 | capital | Capital allotment shares | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-23 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-04-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-10 | AA | accounts | Accounts with accounts type full | |
| 2023-10-12 | SH01 | capital | Capital allotment shares | |
| 2023-10-12 | SH01 | capital | Capital allotment shares | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
-7.3%
£7,987 £7,407
-
Net assets
+61.5%
£94,381,054 £152,390,418
-
Employees
—
Not reported
-
Profit before tax
+132.3%
-£90,355,855 £29,225,559
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