HORIZON ENERGY VENTURES LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. Salisbury Debtco Limited, an immediate parent, has confirmed it can and will provide financial support to the Company in meeting its liabilities for the period from the approval of these financial statements to 31 December 2026. The Directors have therefore considered the going concern assessment undertaken at the Salisbury Debtco Limited level, the conclusion of which is that even under a severe but plausible downside scenario there is headroom in relation to both liquidity and covenants. After making enquiries including reviewing the parent's forecast cashflows, they are satisfied the parent has sufficient resources to do so. Accordingly, the Directors of the Company believe that it is appropriate to adopt the going concern basis in preparing the financial statements.”

Group structure

1. HORIZON ENERGY VENTURES LIMITED · parent
   1. Heat RHIght Limited 100% · UK · provide financed energy technology solutions

Significant events

• “In the post balance sheet period, the Group has been sold to Cyrus Bidco Limited, ultimately owned by funds controlled by KKR. This transaction completed on 7 February 2025 and was for 100% of the share capital and shareholder loan notes in the Group.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +176.3%

  £28,899 → £79,851

• Cash

  +0.7%

  £134,778 → £135,732

• Net assets

  -109.7%

  -£1,650,658 → -£3,461,090

• Employees

  —

  Not reported

• Operating profit

  -67%

  -£898,916 → -£1,500,940

• Profit before tax

  -74.7%

  -£1,037,806 → -£1,813,032

• Wages

  +345.5%

  £151,530 → £675,096

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