GORE STREET ENERGY STORAGE FUND PLC

• ◆

  5 officer resignations in last 12 months

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

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the going concern basis of accounting the Directors have had regard to the guidance issued by the Financial Reporting Council... They consider that the Group will be able to continue in operation over at least 12 months until the 30 September 2026.”

Group structure

1. GORE STREET ENERGY STORAGE FUND PLC · parent
   1. GSES1 Limited 100% · England & Wales
   2. GSE Albion Limited 99.998% · England & Wales
   3. Kilmarnock Battery Storage Limited 49% · Republic of Ireland
   4. Porterstown Battery Storage Limited 49% · Republic of Ireland
   5. GSE IRE Limited 49% · England & Wales

Significant events

• “The energised portfolio increased to 753.4 MW / 924 MWh (FY23/24: 421.4 MW / 392.1 MWh).”
• “The portfolio generated £35,380,000 of revenue during the financial year. This amounted to £21,000,000 in operational EBITDA.”
• “The Board of Directors approved a dividend of 1.0 pence per ordinary share for the March-end 2025 quarter.”
• “At March-end 2025, the Company and its investments had £30,500,000 of available cash, and a debt headroom of £56,300,000, with total debt drawn at £112,600,000.”
• “The Company entered into an agreement for the sale of the Investment Tax Credits associated with both US assets, valued at £84,000,000.”

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

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  -48.8%

  £32,309,146 → £16,540,668

• Cash

  -84.2%

  £60,667,572 → £9,595,425

• Net assets

  -4%

  £540,696,493 → £519,294,223

• Employees

  —

  Not reported

• Operating profit

  -61.6%

  £24,383,240 → £9,362,122

• Profit before tax

  -61.6%

  £24,383,240 → £9,362,122

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