WINDWARD ENERGY LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-13 (in 1mo)
Last made up 2025-05-30
Watchouts
Cash
£345K
-67.8% vs 2024
Net assets
£117M
+82.4% vs 2024
Employees
99
+12.5% vs 2024
Profit before tax
£53M
+764.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
7 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 3 times since incorporation
- WINDWARD ENERGY LIMITED 2024-03-01 → present
- WINDWARD ENTERPRISES LIMITED 2018-08-28 → 2024-03-01
- WINDWARD GLOBAL (NOMINEE 1) LIMITED 2018-07-12 → 2018-08-28
- DMWSL 889 LIMITED 2018-05-31 → 2018-07-12
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 | £13,016,039 | £13,170,423 | |
| Operating profit | -£6,541,654 | -£6,208,640 | |
| Profit before tax | £6,105,868 | £52,766,796 | |
| Net profit | £5,988,835 | £53,041,223 | |
| Cash | £1,070,382 | £344,946 | |
| Total assets less current liabilities | £117,930,519 | £117,373,404 | |
| Net assets | £64,332,181 | £117,373,404 | |
| Equity | £64,332,181 | £117,373,404 | |
| Average employees | 88 | 99 | |
| Wages | £7,211,846 | £7,843,190 |
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 |
|---|---|---|---|
| Operating margin | -50.3% | -47.1% | |
| Net margin | 46.0% | 402.7% | |
| Return on capital employed | -5.5% | -5.3% | |
| Current ratio | 0.63x | 0.50x | |
| Interest cover | -0.37x | -0.18x |
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
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic They have also concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period")”
Group structure
- WINDWARD ENERGY LIMITED · parent
- Haldane Energy Limited 100%
- Arkaig Hydrogen Plant Limited 100%
- Morar Hydrogen Plant Limited 100%
- Shiel Hydrogen Plant Limited 100%
- Haldane Energy Project 1 Limited 100%
- Haldane Energy Project 2 Limited 100%
- Haldane Energy Project 3 Limited 100%
- Haldane Energy Project 4 Limited 100%
- Haldane Energy Project 5 Limited 100%
- Haldane Energy Project 6 Limited 100%
- Haldane Energy Project 7 Limited 100%
- Bute Energy Limited 100%
- Bute Energy (Cambria) Limited 100%
- Blaencothi Energy Park Limited 100%
- Bryngwyn Energy Park Limited 100%
- Maesnant Energy Park Limited 100%
- Moelfre Energy Park Limited 100%
- Llyn Lort II Energy Park Limited 100%
- Lower Frankton BESS Limited 100%
- Carmarthen BESS Limited 100%
- Cilfynydd BESS Limited 100%
- Rhigos BESS Limited 100%
- Gwyddelwern BESS Limited 100%
- TW BESS Limited 100%
- Bryn Rhudd Energy Park Limited 100%
- Esgair Galed Energy Park Limited 100%
- Garreg Fawr Energy Park Limited 100%
- Lan Fawr Energy Park Limited 100%
- Nant Ceiment Energy Park Limited 100%
- Orddu Energy Park Limited 100%
- Bute Energy Development Holdings Limited 100%
Significant events
- “On 7 April 2025, two additional £1 ordinary shares were issued by BEL and allotted to the existing shareholder (Windward Energy Limited - "WEL") for a cash consideration of £2.”
- “On 2 June 2025, a restructuring of the lending and equity arrangements with the existing strategic investor of BEL and its subsidiaries ("BEL Group") was implemented.”
- “As part of this, one additional £1 ordinary share was issued and allotted to the strategic investor for a cash consideration of £40m This gave the strategic investor a 20% interest in BEL Group.”
- “The strategic investor also made available an Enterprise Loan facility of £500m to BEL At the same time the existing Development Loan to Bute Energy Development Holdings Limited ("BEDHL") (a wholly owned subsidiary of BEL), with a £194m facility was reduced to a £68m facility Approximately £125m of the Development Loan balance was transferred to the Enterprise Loan and the interest rate on the existing Development Loan facility was also reduced from 14% to 12.5% All events took place on 2 June 2025.”
- “On 2 June 2025 Bute Energy (Cambria) Limited ("BECL"), a wholly owned subsidiary of the BEL, transferred six subsidiaries (see list below) to BEDHL for a combined cash consideration of £17 5m.”
- “On 2nd June 2025, BEL repaid its shareholder loan due to the company This loan balance was £9,186,420 at the balance sheet date.”
- “The Company received a dividend of £11 5m from BEL.”
- “On 7 April 2025, BEL incorporated Bute Energy Construction Holdings Limited, subscribing for and being allotted the entire issued ordinary share capital of Bute Energy Construction Holdings Limited, for a total consideration of £1.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 2022-06-08 | — | — |
| GEORGE, Stuart Allan | Director | 2018-07-12 | Dec 1987 | British |
| MILLICAN, Oliver James | Director | 2018-07-12 | Aug 1981 | British |
| STEELE, Lawson Douglas | Director | 2018-07-12 | Dec 1985 | British |
| WATSON, Thomas Anthony | Director | 2024-09-17 | Jan 1967 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DM COMPANY SERVICES (LONDON) LIMITED | Corporate Secretary | 2018-05-31 | 2018-07-12 |
| BARRON, Paul Thomas | Director | 2018-05-31 | 2018-07-12 |
| BELL, Carol, Dr | Director | 2024-04-23 | 2025-06-17 |
| BENTHAM, Jeremy Birkett | Director | 2024-04-23 | 2025-05-30 |
| CHOWN, Martin John | Director | 2024-04-23 | 2025-06-09 |
| COOPER, Paul | Director | 2019-05-02 | 2019-09-02 |
| GARDNER, David | Director | 2024-04-23 | 2025-05-02 |
| GILCHRIST, Ewan Caldwell | Director | 2018-07-12 | 2018-07-12 |
| HAMILL, Gareth Lee | Director | 2025-02-26 | 2025-06-13 |
| SAMUEL, Marcus Andrew | Director | 2024-04-23 | 2025-06-09 |
| SCRIMSHAW, Stephen | Director | 2024-04-23 | 2026-04-30 |
| TALBOT, Philip | Director | 2023-01-16 | 2025-02-26 |
| WOODS, Barry | Director | 2018-07-12 | 2019-03-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Oliver Millican | Individual | Shares 25–50%, Voting 75–100%, Appoints directors | 2018-09-12 | Ceased 2019-12-09 |
| Windward Global Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-07-12 | Active |
| Dm Company Services (London) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-31 | Ceased 2018-07-12 |
Filing timeline
Last 20 of 95 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-28 RESOLUTIONS Resolution
- 2025-04-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-03 | AA | accounts | Accounts with accounts type group | |
| 2025-10-08 | AAMD | accounts | Accounts amended with accounts type total exemption full | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-28 | MA | incorporation | Memorandum articles | |
| 2025-04-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-07-31 | CH01 | officers | Change person director company with change date | |
| 2024-07-31 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 7
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
+1.2%
£13,016,039 £13,170,423
-
Cash
-67.8%
£1,070,382 £344,946
-
Net assets
+82.4%
£64,332,181 £117,373,404
-
Employees
+12.5%
88 99
-
Operating profit
+5.1%
-£6,541,654 -£6,208,640
-
Profit before tax
+764.2%
£6,105,868 £52,766,796
-
Wages
+8.8%
£7,211,846 £7,843,190
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