CLEAN ENERGY HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The group made a profit of $2,754,126 for the year ended 31 March 2025 (2024:loss of $2,418,945) and as at that date its current liabilities exceeded its current assets by $24,750,053 (2023: $19,558,048). The Directors are implementing a number of measure to return the Group to a profitable position and ensure that funds will be available for its operations as detailed below: In 2024, the CE Power Solutions Limited, it's subsidiary signed Power Purchase Agreement with Terra Aua Environmental Consultancy Limited and Prima Corpration Limited to supply 5.2 MW and 3.75 MW. The Directors are convinced that the Group is adequately positioned to continue in operations in the year ahead and consequently. prepared these financial statements on a going concern basis. This basis presumes that the steps taken by the Directors as listed above will yield positive result and the Group will be able to realise its assets and settle its liabilities in the ordinary course of business. The group has obtained a letter of support from its parent indicating that it will continue to provide financial support required for the groups operations.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Consolidated group

Auditor

Kingsley Brackmann Partnership

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The group made a profit of $2,754,126 for the year ended 31 March 2025 (2024:loss of $2,418,945) and as at that date its current liabilities exceeded its current assets by $24,750,053 (2023: $19,558,048). The Directors are implementing a number of measure to return the Group to a profitable position and ensure that funds will be available for its operations as detailed below: In 2024, the CE Power Solutions Limited, it's subsidiary signed Power Purchase Agreement with Terra Aua Environmental Consultancy Limited and Prima Corpration Limited to supply 5.2 MW and 3.75 MW. The Directors are convinced that the Group is adequately positioned to continue in operations in the year ahead and consequently. prepared these financial statements on a going concern basis. This basis presumes that the steps taken by the Directors as listed above will yield positive result and the Group will be able to realise its assets and settle its liabilities in the ordinary course of business. The group has obtained a letter of support from its parent indicating that it will continue to provide financial support required for the groups operations.”

Group structure

1. CLEAN ENERGY HOLDINGS LIMITED · parent
   1. CE Power Solutions Limited 100% · Nigeria · Energy supply
   2. CE Power and Gas Limited 0% · Nigeria · Energy supply
   3. Tower Power Utility Limited 0% · Nigeria · Energy supply
   4. Power & Gas Clean Energy Services Limited 0% · Nigeria · Energy supply
   5. Coronation Utility Iganmu Limited 0% · Nigeria · Energy supply

Significant events

• “During the financial year ended 31 March 2025, the Group de-recognized it's subsidiaries C E Power and Gas Limited and its sibsidiaries (Tower Power Utility Limited, Power & Gas Clean Energy Services Limited & Coronation Utility Iganmu Limited) - from its consolidated financial statements. These entities were previously consolidated and were involved in power supply.”

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

Filings

11

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

  -14.1%

  £5,472,361 → £4,699,585

• Cash

  +39.1%

  £233,247 → £324,523

• Net assets

  -61.8%

  -£6,269,792 → -£10,146,463

• Employees

  +1.2%

  81 → 82

• Operating profit

  -59%

  £7,465,865 → £3,064,203

• Profit before tax

  +104.8%

  -£1,588,463 → £76,647

• Wages

  -33.6%

  £557,089 → £369,745

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