XLINKS LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-12-04 (in 7mo)
Last made up 2025-11-20
Watchouts
Cash
£353K
+290.9% vs 2022
Net assets
£14M
-1.1% vs 2022
Employees
21
+162.5% highest in 4 filed years
Profit before tax
—
Period ending 2023-08-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 2.4 (going concern) on page 20 of the financial statements which explains that the Group's and the Company's ability to continue as a going concern is dependent on the Company's ability to raise finance through completing the rights issue and maintaining sufficient liquidity from progress in project development or implementing cost-saving measures. These events and conditions, along with the other matters explained in note 2.4 of the financial statements, constitute a material uncertainty that may cast significant doubt on the Group and the Company's ability to continue as a going concern.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Cash
4-year trend · vs Technology median
Accounts
4-year trend · latest reflected 2023-08-31
Latest accounts filed cover 2024-08-31; financial figures currently reflect up to 2023-08-31.
| Metric | Trend | 2020-03-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | — | — | — | — | |
| Cash | — | — | £90,320 | £353,039 | |
| Total assets less current liabilities | £736,536 | £2,879,793 | £14,407,702 | £14,253,209 | |
| Net assets | — | — | — | — | |
| Equity | £736,536 | £2,879,793 | £14,407,702 | £14,253,209 | |
| Average employees | 0 | 2 | 8 | 21 | |
| Wages | — | — | — | — |
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
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.4 (going concern) on page 20 of the financial statements which explains that the Group's and the Company's ability to continue as a going concern is dependent on the Company's ability to raise finance through completing the rights issue and maintaining sufficient liquidity from progress in project development or implementing cost-saving measures. These events and conditions, along with the other matters explained in note 2.4 of the financial statements, constitute a material uncertainty that may cast significant doubt on the Group and the Company's ability to continue as a going concern.”
Group structure
- XLINKS LIMITED · parent
- Xlinks First Limited 55.05%
- Xlinks 1 Auxiliary Equipment Limited 100%
- Xlinks Morocco SA 99.99%
- Morocco-UK Green Electricity Export SA 99.87%
- Xlinks 1 Limited 100%
- Xlinks Morocco Development SA 99.99%
- Xlinks Germany Gmbh 58.5%
- Xlinks Third Limited 100%
- Elemental Power SAS 99.99%
Significant events
- “In June 2025, the UK Department for Energy Security and Net Zero ("DESNZ") decided not to advance a Contract for Difference ("CfD") scheme for the Group's first project, the Morocco-UK Power Project...This event is considered to be a non-adjusting event.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUDD, Mark Andrew | Director | 2022-06-24 | Sep 1975 | British |
| DAVIS, Ian Edward Lamert, Sir | Director | 2021-12-13 | Mar 1951 | British |
| MORRISH, Simon Hobart Charles | Director | 2020-02-18 | Oct 1974 | British |
| PADMANATHAN, Suntharesan | Director | 2020-02-18 | Apr 1958 | Sri Lankan |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WRIGHT, Rebecca | Secretary | 2023-11-09 | 2025-04-04 |
| ALVAREZ DOMINGUEZ, Jaime | Director | 2020-02-24 | 2023-01-19 |
| DUDENHAUSEN, Roman Albert, Dr. | Director | 2024-07-05 | 2026-03-03 |
| GUNDRY, Rachel Catherine | Director | 2019-03-19 | 2022-09-20 |
| LEWIS, Dave, Sir | Director | 2021-11-22 | 2025-11-28 |
| SERFATY, Fabienne Anne Caroline | Director | 2022-11-21 | 2025-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Solar Ventus Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2022-01-19 | Active |
| Mr Mark Andrew Budd | Individual | Shares 25–50% | 2021-01-26 | Ceased 2021-06-02 |
| Pat Morrish | Individual | Shares 25–50% | 2020-01-27 | Ceased 2021-06-02 |
| Suntharesan Padmanathan | Individual | Shares 25–50% | 2020-01-27 | Ceased 2021-01-26 |
| Mrs Rachel Catherine Gundry | Individual | Shares 75–100%, Voting 75–100% | 2019-03-19 | Ceased 2020-05-26 |
Filing timeline
Last 20 of 63 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-09 MA Memorandum articles
- 2024-11-28 RESOLUTIONS Resolution
- 2024-11-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | AA | accounts | Accounts with accounts type group | |
| 2025-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-09 | MA | incorporation | Memorandum articles | |
| 2025-06-03 | SH01 | capital | Capital allotment shares | |
| 2025-04-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-11-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-28 | MA | incorporation | Memorandum articles | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-02 | AUD | auditors | Auditors resignation company | |
| 2024-05-30 | AA | accounts | Accounts with accounts type small | |
| 2023-11-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-18 | SH01 | capital | Capital allotment shares | |
| 2023-05-16 | AA | accounts | Accounts with accounts type micro entity | |
| 2023-03-07 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- Officers appointed
- 0
- 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
FY2022 → FY2023 · period ending 2023-08-31 vs 2022-08-31
-
Turnover
—
Not reported
-
Cash
+290.9%
£90,320 £353,039
-
Net assets
—
Not reported
-
Employees
+162.5%
8 21
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers