SOUTH AMERICAN ENERGY LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2025-12-14
Overdue
Watchouts
Cash
£19M
+103.5% vs 2023
Net assets
£1B
+118% vs 2023
Employees
4,653
-0.1% vs 2023
Profit before tax
£161M
-4.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2025-12-14.
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 | £644,051,149 | £1,469,722,758 | |
| Operating profit | £66,767,976 | £17,074,870 | |
| Profit before tax | £167,890,289 | £160,559,674 | |
| Net profit | £81,452,187 | £211,366,938 | |
| Cash | £9,146,775 | £18,613,788 | |
| Total assets less current liabilities | £1,063,861,379 | £2,084,664,937 | |
| Net assets | £488,232,765 | £1,064,150,482 | |
| Equity | £488,232,765 | £1,064,150,482 | |
| Average employees | 4,657 | 4,653 | |
| Wages | £73,452,187 | £118,411,416 |
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 | 10.4% | 1.2% | |
| Net margin | 12.6% | 14.4% | |
| Return on capital employed | 6.3% | 0.8% | |
| Gearing (liabilities / total assets) | 65.0% | 62.9% | |
| Current ratio | 0.66x | 0.89x | |
| Interest cover | 0.19x | 0.06x |
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
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“However, based on the analysis performed, the Members have a reasonable expectation that the Group and the Partnership will have adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of signing. Thus, they have adopted the going concern basis in preparing these financial statements.”
Group structure
- SOUTH AMERICAN ENERGY LLP · parent
- Empresa de Energía del Cono Sur S.A. (Edelcos) 99.99%
- Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) 51%
- Edenor Tech SAU 51%
Significant events
- “On 21 April 2025, the SE approved the terms of a third payment plan to regularise the outstanding debt related to energy purchases from September 2023 to March 2024.”
- “On 29 April 2025, through Resolution ENRE No. 304/2025, the Argentine electricity regulator (ENRE) approved the new regulatory and tariff framework for the 2025-2030 period.”
- “On 30 April 2025... the conversion of the outstanding debts under the second agreement with CAMMESA... was approved. This amendment results in an estimated gain of approximately US$10.1 million, which will be recognised as an exceptional item in the 2025 financial year.”
- “On 13 October 2025, the shareholders' meeting of Edelcos approved the distribution of dividends... The dividends... were fully paid between 15 and 17 October 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANZANO, Jose Luis | Llp Designated Member | 2020-12-01 | Mar 1956 | — |
| VILA, Daniel Eduardo | Llp Designated Member | 2021-02-08 | Jun 1953 | — |
| ANDINA PLC | Corporate Llp Designated Member | 2020-12-01 | — | — |
| EQUAL POWER DISTRIBUTION SCSP | Corporate Llp Designated Member | 2021-04-30 | — | — |
| GLOBAL INCOME FUND LIMITED | Corporate Llp Designated Member | 2021-04-30 | — | — |
| ROCHESTER HOLDINGS LLP | Corporate Llp Designated Member | 2021-02-08 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MALLO HUERGO, Ricardo Nicolas | Llp Designated Member | 2020-12-01 | 2021-02-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Andina Plc | Corporate entity | voting-rights-50-to-75-percent-limited-liability-partnership, right-to-share-surplus-assets-50-to-75-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership | 2020-12-01 | Ceased 2021-04-30 |
Filing timeline
Last 19 of 19 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | AA | accounts | Accounts with accounts type group | |
| 2024-12-10 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-15 | AA | accounts | Accounts with accounts type group | |
| 2024-09-10 | AA | accounts | Accounts with accounts type group | |
| 2024-06-04 | AA | accounts | Accounts with accounts type group | |
| 2023-12-04 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-08 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-24 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-24 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2021-12-24 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2021-12-24 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2021-12-24 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2021-12-24 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2021-12-24 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2021-09-17 | LLPSC08 | persons-with-significant-control | Notification of a person with significant control statement limited liability partnership | |
| 2021-09-16 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2021-01-20 | LLAD03 | address | Move registers to sail limited liability partnership with new address | |
| 2021-01-20 | LLAD02 | address | Change sail address limited liability partnership with new address | |
| 2020-12-01 | LLIN01 | incorporation | Incorporation limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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
+128.2%
£644,051,149 £1,469,722,758
-
Cash
+103.5%
£9,146,775 £18,613,788
-
Net assets
+118%
£488,232,765 £1,064,150,482
-
Employees
-0.1%
4,657 4,653
-
Operating profit
-74.4%
£66,767,976 £17,074,870
-
Profit before tax
-4.4%
£167,890,289 £160,559,674
-
Wages
+61.2%
£73,452,187 £118,411,416
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