PETN FINANCES LTD
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Cash
£4M
+28.8% vs 2023
Net assets
£16M
-0.2% vs 2023
Employees
—
Average over period
Profit before tax
-£3K
-112.7% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £357,519 | £316,351 | |
| Operating profit | -£23,298 | -£39,180 | |
| Profit before tax | £25,271 | -£3,213 | |
| Net profit | £25,271 | -£3,213 | |
| Cash | £2,947,006 | £3,795,858 | |
| Total assets less current liabilities | £33,801,417 | £27,283,704 | |
| Net assets | £15,663,309 | £15,630,095 | |
| Equity | £15,663,309 | £15,630,095 | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -6.5% | -12.4% | |
| Net margin | 7.1% | -1.0% | |
| Return on capital employed | -0.1% | -0.1% | |
| Gearing (liabilities / total assets) | 53.8% | 43.1% | |
| Current ratio | 46.36x | 26.91x | |
| Interest cover | -0.05x | -0.12x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified. The financial statements have therefore been prepared on the going concern basis as the directors have every reason to believe that the company has adequate resources in place to continue in operation for the foreseeable future.”
Group structure
- PETN FINANCES LTD · parent
- Parc Eolien Taiba N'Diaye S.A.U 100%
Significant events
- “On 15 March 2023 a change in the ownership occurred following the sale of Lekela Power B.V. by Actis and Mainstream.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALTPETER, Joachim | Director | 2024-09-13 | Feb 1962 | German |
| MULLA, Ahmed | Director | 2024-09-25 | Feb 1984 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANTONOPOULOS, Christos | Director | 2021-10-27 | 2024-09-13 |
| BOCA, Jennifer | Director | 2021-10-27 | 2023-11-02 |
| FLORIS, Romina | Director | 2021-10-27 | 2024-09-13 |
| FORD, Christopher John | Director | 2021-10-27 | 2023-11-02 |
| GALALELDIN, Mohamed | Director | 2024-09-25 | 2025-04-04 |
| PARSONS, Michael Gary | Director | 2021-10-27 | 2023-10-17 |
| VINCENT, Gilles | Director | 2024-09-13 | 2025-03-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-06-27 | AA | accounts | Accounts with accounts type full | |
| 2025-05-15 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-05-15 | OSTM03 | officers | Termination person authorised overseas company | |
| 2025-04-22 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-04-17 | OSTM03 | officers | Termination person authorised overseas company | |
| 2025-02-12 | OSTM03 | officers | Termination person authorised overseas company | |
| 2025-02-12 | OSTM03 | officers | Termination person authorised overseas company | |
| 2025-02-06 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-01-20 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2025-01-20 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-01-20 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-01-20 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-01-20 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-01-20 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-01-04 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-12-12 | OSTM03 | officers | Termination person authorised overseas company | |
| 2023-12-12 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-12-12 | OSTM03 | officers | Termination person authorised overseas company | |
| 2023-12-12 | OSTM03 | officers | Termination person authorised overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-11.5%
£357,519 £316,351
-
Cash
+28.8%
£2,947,006 £3,795,858
-
Net assets
-0.2%
£15,663,309 £15,630,095
-
Employees
—
Not reported
-
Operating profit
-68.2%
-£23,298 -£39,180
-
Profit before tax
-112.7%
£25,271 -£3,213
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