GLOBELEQ TANZANIA 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

Standalone (parent only)

Audit opinion

Unaudited (audit-exempt)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period of at least 12 months from the date of approval of these financial statements. Taking into account continuing support from the Group, the directors are comfortable with the financial statements being prepared on a going concern basis.”

Group structure

1. GLOBELEQ TANZANIA LIMITED · parent
   1. Songas Limited 14.8% · Tanzania · Gas fired power station

Significant events

• “During the 2024 financial year, the Group negotiated with TANESCO and a Government Negotiating Team (GNT) to extend the 20-year Songas Power Purchase Agreement which expired at the end of July 2024. TANESCO, the GNT and Songas agreed a three-month extension of the PPA in late July 2024 to allow negotiations to continue but, despite the extension, no agreement was reached. As a result, the Songas Ubungo plant in Dar Es Salaam shut down on 31 October 2024 and has not produced power since.”
• “After the reporting date, the Group's shares in Songas Limited are being actively marketed as part of an active programme to locate a suitable buyer and attempt to complete a sale.”

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +2.8%

  £67,885,935 → £69,815,548

• Employees

  —

  Not reported

• Operating profit

  -35.7%

  £2,932,778 → £1,887,221

• Profit before tax

  -33.1%

  £3,049,073 → £2,038,981

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