NUCLEAR LIABILITIES FUND LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. NUCLEAR LIABILITIES FUND LIMITED 2005-01-18 → present
2. NUCLEAR GENERATION DECOMMISSIONING FUND LIMITED 1996-03-28 → 2005-01-18

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

S&W Partners Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the liability cashflows used in the Annual Funding Review, the expected outflows to cover the decommissioning liabilities over the next three years amount to c.£2.8bn. Nuclear Liabilities Fund Limited is well placed to meet these costs over the next three years as it has considerable cash resources available to it. The UK Government will be responsible for meeting these costs and liabilities to the extent that the fund does not have sufficient assets available to it. The directors are satisfied that it is appropriate to prepare the annual report and accounts on a going concern basis.”

Group structure

1. NUCLEAR LIABILITIES FUND LIMITED · parent
   1. ICG Strategic Equity Side Car II LP 98.49% · Cayman Islands · invests in long-term private equity funds through a portfolio of direct or indirect investments in various sectors such as healthcare, retail, consumer products, energy, information technology and financial services.
   2. Equitix MA 1 LP 99% · England and Wales · invests principally in the equity and shareholder loans in Public Private Partnership projects and social infrastructure projects including, but not limited to: hospitals and health projects, schools and education projects, rail projects, utility related infrastructure and highways' projects.
   3. LCM Partners SOLO VII SLP 99.01% · Luxembourg · invests in high-quality, asset-backed diverse range of attractive segments within secured loans, asset finance and leasing products which fall outside the remit of banks and other traditional lenders.
   4. Adams Street UK Mid-Market Solutions LP 99.99% · Scotland · invests in high growth equity investments primarily in the UK mid market private companies via primaries, secondaries and co-investments.
   5. AEW UK Urban Real Estate Fund LP 70.29% · England and Wales · invests in multi sector portfolio of commercial property assets throughout the United Kingdom.
   6. Adams Street UK Mid-Market Solutions II LP 99.99% · Scotland · invests in high growth equity investments primarily in the UK and Europe mid market private companies via primaries, secondaries and co-investments.
   7. HarbourVest 2017 Global AIF LP 50.58% · Scotland · invests in high quality private equity funds including venture capital and leveraged buyout funds across geographies with an emphasis on North America and Europe.

Significant events

• “Hunterston B is the first AGR station to be declared 'fuel free'. The power station was defueled on time and on budget in April 2025.”

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

Filings

6

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

  -0.8%

  £16,956,328,542 → £16,828,284,523

• Net assets

  0%

  £100 → £100

• Employees

  —

  Not reported

• Operating profit

  +2.5%

  £936,657,320 → £960,497,849

• Profit before tax

  +2.6%

  £935,770,774 → £959,918,641

• Wages

  +2.2%

  £574,108 → £586,799

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