SPRUCE BIOENERGY 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

Consolidated group

Auditor

Azets Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for at least 12 months from the signing date of these accounts. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. SPRUCE BIOENERGY LIMITED · parent
   1. Cramlington Renewable Energy Developments Limited 100% · UK
   2. Cramlington LHP Limited 100% · UK

Significant events

• “An unplanned shutdown occurred on 14 February 2024 due to issues with the ID fan impeller and the flue gas treatment (FGT) system. The plant was offline for large periods during this time until repairs were completed and the plant was brought back online on 29 June 2024. This had a negative impact on performance in 2024, however, this was offset by the insurance settlement agreement mentioned above.”
• “On 18 September 2024 the Group acquired 100% shareholding in Cramlington LHP Limited (Company No. 09769660) and subsequently placed it into voluntary liquidation as per the FRP Advisory letter dated 10 October 2024. The acquisition formed part the Group's strategic objective to acquire the rights to the entirety of the existing and any future offtaker revenues. The shareholders injected £2,915,000 into the Group in relation to the acquisition and this has been reflected in an increase in the loan balance. This amount was also used when recognising the investment in the subsidiary. The investment was subsequently impaired to nil in line with the voluntary liquidation.”
• “After the reporting period, the plant underwent a planned outage comprising a major overhaul of the turbine and the replacement of the LP Rotor. The plant was shutdown on 18 April 2025 and returned to full service occurred on 11 July 2025.”

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

  -9.7%

  £47,241,000 → £42,682,000

• Cash

  +49.1%

  £8,824,000 → £13,154,000

• Net assets

  -19.5%

  £21,139,000 → £17,025,000

• Employees

  —

  Not reported

• Operating profit

  +0.5%

  £14,628,000 → £14,705,000

• Profit before tax

  0%

  £12,729,000 → £12,730,000

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