UK Companies House feature
NEUCONNECT BRITAIN LTD
Profile
- Company number
- 11138769
- Status
- Active
- Incorporation
- 2018-01-08
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 35120
- Hubs
- UK Energy & Climate
Accounts
Pending extraction
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- UK-adopted IASs
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is financed through a mixture of shareholder loans and Senior Debt borrowings. Details of all loans and borrowings are set out in note 16 of these financial statements. Despite incurring material development costs leading up to financial close in July 2022, the Company is operating in accordance with its financial model. The Company has long term committed debt facilities and shareholder equity commitments sufficient to fund the construction of the asset with an appropriate level of contingency. The Directors have therefore concluded that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “The principal activity of the Company is the construction and subsequent operation of a 725km, 1.4GW subsea electricity interconnector between the United Kingdom and Germany. Once in its operational phase, anticipated in 2028, revenues will be forthcoming under existing regulatory regimes in both the United Kingdom and Germany.”
- “Following financial close, the Company commenced construction activities and at the balance sheet date it had incurred £327.2m of construction costs, representing 36.3% of anticipated total spend, and increase of £82.0m (6.6%) on 2023 levels.”
- “During the year, the design of both converter stations has made significant progress and is nearing completion, pending some additional input awaited from both Transmission System Operators (TSOs). Preparatory works for both sites were finalised, which allowed for the start of foundation works (piling) in the UK (May) and in Germany (September).”
- “The manufacturing of the cable has also progressed in both the Arco Felice (Italy) and Osaka (Japan) factories.”
- “During 2024, a first marine campaign allowed the installation of 56 km of cable in the UK near-shore. This is a first important and symbolic milestone, delivered on schedule. Marine works were paused during the winter as planned and will resume as per the schedule in the summer of 2025.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
9 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREVOZ, Arnaud Bernard Andre | Secretary | 2022-03-17 | — | — |
| AJISAWA, Shingo | Director | 2022-09-12 | Apr 1973 | Japanese |
| BRAMAUD-GRATTAU, Olivier | Director | 2018-01-08 | Oct 1972 | French |
| DANIS, Tim | Director | 2025-04-14 | Aug 1986 | German |
| FIDLER, Eduard Benjamin | Director | 2023-02-14 | Feb 1977 | Canadian |
| ONARU, Tetsuo | Director | 2025-07-29 | Jun 1972 | Japanese |
| PRESCOT, Julia Elizabeth | Director | 2018-01-08 | Feb 1959 | British |
| SELWAN, Fadi | Director | 2023-01-26 | Jan 1965 | French |
| WEHRMANN, Stephan Walter | Director | 2021-03-01 | Aug 1973 | German |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INGLIS, David Alexander | Secretary | 2018-01-08 | 2019-09-30 |
| VANHOVE, Christophe | Secretary | 2019-10-01 | 2022-03-17 |
| BRETT, Mathew Anthony | Director | 2018-03-26 | 2022-08-23 |
| DANIS, Tim | Director | 2018-03-26 | 2024-11-08 |
| HOLZER, Christoph | Director | 2024-11-19 | 2025-04-01 |
| HOLZER, Christoph | Director | 2018-03-26 | 2022-12-12 |
| LAGUMINA, Sandrine Viviane Francesca | Director | 2018-01-08 | 2020-09-01 |
| MUZUMDAR, Matthieu Girish | Director | 2018-08-28 | 2022-12-07 |
| NAKAJIMA (M), Hiroshi | Director | 2018-03-26 | 2018-07-13 |
| PLOQUIN, Xavier | Director | 2020-09-01 | 2021-02-22 |
| SUGIMOTO, Takayuki | Director | 2021-10-01 | 2023-04-28 |
| TOUATI, Julien Maxime | Director | 2018-01-08 | 2018-08-28 |
| YAMABAYASHI, Yoshihiro | Director | 2018-07-13 | 2021-10-01 |
| YAMADA, Masahide | Director | 2023-04-28 | 2025-07-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-12-18 | CH01 | officers | change person director company with change date |
| 2025-07-31 | AP01 | officers | appoint person director company with name date |
| 2025-07-31 | TM01 | officers | termination director company with name termination date |
| 2025-06-18 | AA | accounts | accounts with accounts type full |
| 2025-04-17 | AP01 | officers | appoint person director company with name date |
| 2025-04-14 | TM01 | officers | termination director company with name termination date |
| 2025-01-23 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-11-25 | AP01 | officers | appoint person director company with name date |
| 2024-11-21 | TM01 | officers | termination director company with name termination date |
| 2024-09-06 | SH01 | capital | capital allotment shares |
| 2024-06-10 | SH01 | capital | capital allotment shares |
| 2024-06-07 | AA | accounts | accounts with accounts type full |
| 2024-03-13 | SH01 | capital | capital allotment shares |
| 2024-01-17 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-12-21 | SH01 | capital | capital allotment shares |
| 2023-10-13 | SH01 | capital | capital allotment shares |
| 2023-09-27 | AA | accounts | accounts with accounts type full |
| 2023-07-27 | SH01 | capital | capital allotment shares |
| 2023-05-24 | CH01 | officers | change person director company with change date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory