HORNSEA 1 HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-29 (in 6mo)
Last made up 2025-11-15
Watchouts
Cash
£32M
-9% vs 2023
Net assets
-£438M
+25.4% vs 2023
Employees
0
Average over period
Profit before tax
-£102M
+19.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £573,678,742 | £564,612,834 | |
| Operating profit | £15,318,548 | £26,753,697 | |
| Profit before tax | -£126,558,782 | -£102,159,332 | |
| Net profit | -£177,386,902 | -£149,233,061 | |
| Cash | £34,694,237 | £31,586,534 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£587,585,417 | -£438,352,356 | |
| Equity | -£587,585,417 | -£438,352,356 | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.7% | 4.7% | |
| Net margin | -30.9% | -26.4% | |
| Gearing (liabilities / total assets) | 114.3% | 111.9% | |
| Current ratio | 2.69x | 1.99x | |
| Interest cover | 0.10x | 0.20x |
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
- UK-adopted International Accounting Standards
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given that the majority of revenues and costs are based on fixed contracts, the directors' base case assessment, which is based on board-approved budgets, is that the group is expected to continue to generate operating cash flows sufficient to cover non-discretionary investing and financing cash flows, and as a result to maintain sufficient liquidity, over the forecast period.”
Group structure
- HORNSEA 1 HOLDINGS LIMITED · parent
- Hornsea I Limited 100%
Significant events
- “On 31 December 2024, the Orsted Group divested an indirect 12.45% ownership stake in the Hornsea 1 wind farm to Brookfield Renewable Partners.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDREW, Edmund George | Director | 2023-09-29 | Jan 1987 | British |
| BURGESS, Benjamin Michael | Director | 2026-04-23 | Jul 1982 | British |
| CLAXTON, Samuel James | Director | 2025-03-07 | Nov 1988 | British |
| DI SALLE, Filippo | Director | 2022-10-27 | Apr 1972 | Italian |
| JENSEN, Thomas Krogh | Director | 2025-05-27 | Nov 1972 | Danish |
| POWER, Fiona Catherine | Director | 2025-09-23 | Aug 1987 | British |
| RIDLEY, Matthew Derek George | Director | 2026-04-23 | Jan 1978 | British |
| SANCHO PERIS, Sara | Director | 2026-04-23 | Aug 1979 | Spanish |
| SWAIN, Martin James | Director | 2026-04-23 | Dec 1975 | British |
| YENDOLE, Hugh Alistair | Director | 2025-05-27 | Feb 1968 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AGRAWAL, Deepak Kumar | Director | 2018-11-26 | 2022-11-01 |
| DUNN, Ian Robert | Director | 2024-07-29 | 2026-04-23 |
| EINSET, Erik | Director | 2018-11-26 | 2022-10-27 |
| GEORGE, Philip Roger Perkins | Director | 2022-07-21 | 2022-10-27 |
| GRAY, Julian Charles | Director | 2022-07-21 | 2025-09-23 |
| HAWKES, Darren John | Director | 2017-12-20 | 2018-02-02 |
| HJELM, Jacob | Director | 2020-02-25 | 2024-10-31 |
| KONDASKAR, Shivani Ajitkumar | Director | 2023-09-29 | 2025-06-13 |
| LILLEY, Stephen Bernard | Director | 2022-08-25 | 2023-05-01 |
| LINDHARDT, Johan Hee | Director | 2018-09-03 | 2019-01-11 |
| LINDHARDT, Johan Hee | Director | 2018-03-05 | 2018-08-31 |
| MØRCH, Henriette Holm | Director | 2017-12-20 | 2020-02-25 |
| O'CONNELL, Vanessa | Director | 2020-02-25 | 2021-05-31 |
| O'CONNELL, Vanessa | Director | 2018-09-03 | 2020-02-25 |
| ORD, Jonathan Nicholas | Director | 2024-07-29 | 2025-09-03 |
| ORD, Jonathan Nicholas | Director | 2022-11-01 | 2024-07-29 |
| PARRA ESTESO, Ramon | Director | 2023-05-01 | 2026-04-23 |
| SAROBE SCHURER, Thomas Dennis Elliot | Director | 2022-07-21 | 2022-08-25 |
| SYKES, Benjamin John | Director | 2017-12-20 | 2020-02-27 |
| VASUDEV, Partha | Director | 2024-03-01 | 2024-03-01 |
| WAKEFIELD, Nathan John | Director | 2022-10-27 | 2023-09-15 |
| WESTWOOD, Benjamin | Director | 2020-02-25 | 2025-03-17 |
| WESTWOOD, Benjamin | Director | 2019-02-22 | 2020-02-25 |
| YATES, Hamish Donald Stewart | Director | 2021-05-31 | 2023-09-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jupiter Offshore Wind Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-11-26 | Active |
| Ørsted Wind Power A/S | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-12-20 | Ceased 2018-11-26 |
| Hornsea 1 Psc Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-12-20 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2025-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-18 | CH01 | officers | Change person director company with change date | |
| 2025-05-30 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-05-29 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-13 | CH01 | officers | Change person director company with change date | |
| 2025-04-02 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 0
- Officers appointed
- 7
- Officers resigned
- 5
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-1.6%
£573,678,742 £564,612,834
-
Cash
-9%
£34,694,237 £31,586,534
-
Net assets
+25.4%
-£587,585,417 -£438,352,356
-
Employees
—
Not reported
-
Operating profit
+74.6%
£15,318,548 £26,753,697
-
Profit before tax
+19.3%
-£126,558,782 -£102,159,332
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