MAPLE POWER LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-15 (in 5mo)
Last made up 2025-10-01
Watchouts
Cash
£11M
-28.4% vs 2023
Net assets
£27M
-6.5% vs 2023
Employees
30
+25% vs 2023
Profit before tax
-£2M
+83.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 2 times since incorporation
- MAPLE POWER LTD 2018-12-20 → present
- RED MAPLE RENEWABLES LTD 2018-10-31 → 2018-12-20
- SNRDCO 3293 LIMITED 2018-07-09 → 2018-10-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £4,475,205 | £1,473,994 | |
| Operating profit | -£10,625,360 | -£2,796,887 | |
| Profit before tax | -£9,947,446 | -£1,638,451 | |
| Net profit | -£9,947,446 | -£1,638,451 | |
| Cash | £15,053,759 | £10,783,302 | |
| Total assets less current liabilities | £29,182,312 | £27,275,541 | |
| Net assets | £29,182,312 | £27,275,541 | |
| Equity | £29,182,312 | £27,275,541 | |
| Average employees | 24 | 30 | |
| Wages | £5,272,833 | £529,194 |
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 | -237.4% | -189.7% | |
| Net margin | -222.3% | -111.2% | |
| Return on capital employed | -36.4% | -10.3% | |
| Current ratio | 7.13x | 15.73x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future through sufficient cash reserves, approved budgeted expenses and revenue from service agreements. Written confirmation has been provided from the shareholders confirming that financial support will be provided to the Company that will not be withdrawn during a period of 12 months from the date of authorisation of the financial statements. The financial statements hence have been prepared on the going concern basis.”
Group structure
- MAPLE POWER LTD · parent
- Maple Power SAS 1%
Significant events
- “On 5 April 2024 the shareholders entered into an amended and restated shareholder agreement, and all employees were transferred out of the Company.”
- “An interim dividend of £268,320 was paid during the year (2023: £none).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUGLASS, Andrew Clive | Director | 2024-04-10 | Mar 1966 | British |
| FROEHLICH, Jochen | Director | 2025-06-18 | Oct 1970 | Swiss |
| HENDRY, Steen | Director | 2024-03-11 | Jan 1988 | Canadian |
| STEVEN, Jack Christopher | Director | 2025-06-18 | Jul 1986 | British |
| SWARTZ, Kyle Stephen | Director | 2025-11-30 | Mar 1995 | South African |
| WALLEY, George | Director | 2024-04-10 | Jul 1986 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2018-07-09 | 2018-10-31 |
| AKMAN, Matthew Allan | Director | 2021-02-16 | 2022-11-15 |
| BOUTROS, Karen | Director | 2023-08-31 | 2025-06-18 |
| CASS, Edwin | Director | 2019-06-03 | 2019-06-26 |
| CONWAY, Amrit | Director | 2024-04-10 | 2025-06-18 |
| COX, Peter Charles | Director | 2018-07-09 | 2018-10-31 |
| GORDON, Jamie Robert Macdonald | Director | 2022-09-07 | 2022-09-15 |
| HANAFIN, Vincent Mark | Director | 2021-06-16 | 2024-04-10 |
| HEEG, Juergen | Director | 2019-06-26 | 2021-06-16 |
| HOGG, Bruce | Director | 2019-06-03 | 2019-06-26 |
| KELLN, Leigh Dawn | Director | 2019-06-03 | 2023-08-31 |
| LPUTIAN, Gohar | Director | 2020-04-20 | 2024-04-10 |
| MCFEELY, Ian Robert | Director | 2018-10-31 | 2019-06-03 |
| NARULA, Veenu Bhupindra | Director | 2019-06-03 | 2021-02-16 |
| RILEA, Lawrence Troy | Director | 2023-08-31 | 2024-03-11 |
| RILEA, Lawrence Troy | Director | 2018-10-31 | 2019-06-03 |
| ROGERS, William Bowen Shepheard | Director | 2019-06-26 | 2024-04-10 |
| SWARTZ, Phillip Samuel | Director | 2022-11-15 | 2024-04-10 |
| VIGANO, Geraldo Alessandro | Director | 2024-04-10 | 2025-11-30 |
| VIGANO, Geraldo Alessandro | Director | 2022-09-09 | 2022-09-15 |
| DENTONS DIRECTORS LIMITED | Corporate Director | 2018-07-09 | 2018-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cpp Investment Board Europe Inc. | Corporate entity | Shares 25–50% | 2019-05-31 | Active |
| Enbridge Inc. | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-10-31 | Active |
| Dentons Nominees Uk And Middle East Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-07-09 | Ceased 2018-10-31 |
Filing timeline
Last 20 of 118 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-03-17 | SH01 | capital | Capital allotment shares | |
| 2026-03-17 | SH01 | capital | Capital allotment shares | |
| 2025-12-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-30 | AA | accounts | Accounts with accounts type full | |
| 2025-10-14 | CS01 | confirmation-statement | Confirmation statement | |
| 2025-10-14 | CH01 | officers | Change person director company with change date | |
| 2025-10-14 | CH01 | officers | Change person director company with change date | |
| 2025-10-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-09 | SH01 | capital | Capital allotment shares | |
| 2025-05-06 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-04-30 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-04-29 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 3
- Officers appointed
- 3
- Officers resigned
- 3
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
-67.1%
£4,475,205 £1,473,994
-
Cash
-28.4%
£15,053,759 £10,783,302
-
Net assets
-6.5%
£29,182,312 £27,275,541
-
Employees
+25%
24 30
-
Operating profit
+73.7%
-£10,625,360 -£2,796,887
-
Profit before tax
+83.5%
-£9,947,446 -£1,638,451
-
Wages
-90%
£5,272,833 £529,194
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