L&Q ENERGY LIMITED

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the company's budgets for 2025/26, the directors are of the opinion that, taking account of severe but plausible downsides, the company has sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.”

Significant events

• “L&Q Energy Ltd has strengthened its technical and design resources with the addition of strong new internal appointments enabling continued control of ongoing network build out at Barking.”
• “L&Q Energy Ltd has also developed working partnerships with contractors Fairheat and Silver EMS who have helped extend L&Q Energy's progression of ESCo activities, including witnessing, acceptance testing and adding broader experience to our technical services.”
• “New commercial recruitment has enabled a more dedicated focus on financial modelling which will strengthen L&Q Energy commercial performance, understanding the implications of various development changes and impacts.”
• “L&Q Energy Ltd has again experienced construction delays with plots at Barking which continue to present challenges resulting in knock-on impacts to expected volumes of handovers which has in turn impacted income streams.”
• “Changes to the regulatory regimes governing energy efficiency and low carbon generation has impacted the original Barking Riverside (BRL) Energy Strategy based on Combined Heat Power and gas boiler generation.”
• “Beam Park 2b, a new scheme being added to the L&Q Energy portfolio, is also affected by the changes in the regulatory regimes governing energy efficiency and low carbon generation for future phases to be delivered under the scheme.”
• “L&Q Energy continue to experience delays in handover of the energy assets at other sites but have resolved the issues with Addiscombe and the Hyde in FY24, L&Q Energy Ltd was also able to resolve adoption problems with the Bream Street, Beam Park and Wheatstone sites during FY23.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +44.6%

  £1,772,000 → £2,563,000

• Cash

  +4.9%

  £2,366,000 → £2,481,000

• Net assets

  +0.2%

  £4,656,000 → £4,663,000

• Employees

  —

  Not reported

• Operating profit

  +100.9%

  -£347,000 → £3,000

• Profit before tax

  +102%

  -£344,000 → £7,000

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