BLUE WATER ENERGY LLP

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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)

Auditor

PricewaterhouseCoopers CI LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the LLP's detailed financial forecasts, the members have a reasonable expectation that the LLP has adequate resources to continue in operation for the foreseeable future. These projections consider expected turnover, cost management strategies, and have been stress-tested against various scenarios. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “On 28 March 2025, the LLP entered into a convertible loan agreement of $1,800,000 with NIMR Investment Co. Limited and received $1,800,000 on 3 April 2025 (the "funding date"). The loan is non-interest bearing and is repayable or convertible within 12 months of the funding date.”
• “During the year, the LLP made charitable contributions of £100,000 (2024: £100,000).”

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

Filings

5

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

  -10.4%

  £14,862,670 → £13,311,102

• Cash

  +12%

  £3,086,985 → £3,456,496

• Net assets

  +4%

  £7,591,878 → £7,895,464

• Employees

  -29.6%

  27 → 19

• Operating profit

  -17.2%

  £6,665,483 → £5,518,661

• Wages

  -24.8%

  £4,008,483 → £3,015,743

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