ROLLS-ROYCE SMR LIMITED

• ◆

  Outstanding charges registered

  One or more mortgages or charges remain undischarged on the Companies House register.

• ⚠

  Material uncertainty over going concern

  However, as funding has not been formally secured as at the date of approval of these financial statements, there is a material uncertainty related to events and conditions that may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  6 officer resignations in last 12 months

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

1. ROLLS-ROYCE SMR LIMITED 2021-08-02 → present
2. LC NUCLEAR LIMITED 2020-11-24 → 2021-08-02

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, as funding has not been formally secured as at the date of approval of these financial statements, there is a material uncertainty related to events and conditions that may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. ROLLS-ROYCE SMR LIMITED · parent
   1. Rolls-Royce SMR (North America) LLC · Delaware, United States of America · dormant

Significant events

• “On 29 October 2024 it was announced that ČEZ Group (CEZ) made an equity investment into the Company to join their global capabilities in order to deploy SMR technology in the Czech Republic.”
• “On 7 January 2025 the Company issued 56,727 ordinary shares for a cash consideration of £80,000,000.”
• “On 8 January 2025 the Company issued 3,546 ordinary shares for a cash consideration of £5,000,000.”
• “On 4 March 2025 CEZ became a shareholder in the Company. Following further investment from CEZ of £100,037,034 on this date in exchange for 107,943 ordinary shares, the immediate parent company, Rolls-Royce plc, relinquished control of the Company.”
• “On 2 June 2025 the Company issued 3,545 ordinary shares for a consideration of £5,000,000.”
• “On 10 June 2025 the Company was selected as the preferred bidder to partner with Great British Energy-Nuclear (GBN) to develop small modular reactors, subject to final government approvals and contract signature.”
• “On 7 July 2025 the Company issued 106,364 ordinary shares for a cash consideration of £150,000,000.”

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

Filings

19

last 12 months

Capital events

3

last 24 months

Officers appointed

5

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +44.7%

  £8,616,000 → £12,467,000

• Net assets

  -77.8%

  £81,210,000 → £18,044,000

• Employees

  +21%

  590 → 714

• Operating profit

  -45.8%

  -£82,512,000 → -£120,270,000

• Profit before tax

  -47.4%

  -£78,078,000 → -£115,095,000

• Wages

  +26.1%

  £47,536,000 → £59,943,000

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