VESTAS-CELTIC WIND TECHNOLOGY LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-27 (in 10mo)
Last made up 2026-03-13
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£45M
+25.9% vs 2023
Employees
414
+24.7% vs 2023
Profit before tax
£13M
+102.9% vs 2023
Name history
Renamed 1 time since incorporation
- VESTAS-CELTIC WIND TECHNOLOGY LTD. 2001-06-29 → present
- LODGECROWN LIMITED 2001-03-13 → 2001-06-29
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £429,261,000 | £339,719,000 | |
| Operating profit | £3,538,000 | £5,358,000 | |
| Profit before tax | £6,270,000 | £12,720,000 | |
| Net profit | £4,876,000 | £9,345,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £36,085,000 | £45,430,000 | |
| Net assets | £36,085,000 | £45,430,000 | |
| Equity | £36,085,000 | £45,430,000 | |
| Average employees | 332 | 414 | |
| Wages | £21,621,000 | £26,054,000 |
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 | 0.8% | 1.6% | |
| Net margin | 1.1% | 2.8% | |
| Return on capital employed | 9.8% | 11.8% | |
| Gearing (liabilities / total assets) | 88.9% | 90.1% | |
| Current ratio | 1.12x | 1.11x | |
| Interest cover | 8.98x | 19.84x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future: The Company therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- VESTAS-CELTIC WIND TECHNOLOGY LTD. · parent
- NEG Micon UK Ltd 1%
Significant events
- “In December 2024, the release of the Clean Power 2030 action plan announced a target of 43-50 GW offshore capacity and 27-29 GW onshore capacity by 2030 as part of reaching the target of 95% clean energy power generation share by 2030 in the UK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COELHO, Renato | Director | 2026-03-25 | Aug 1980 | Portuguese |
| DE BAAR, Cornelis Anthonius Matheus, Mr. | Director | 2018-02-06 | Aug 1962 | Dutch |
| KACHMARCHUK, Taras | Director | 2026-04-01 | Mar 1988 | German,Ukrainian |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LYNDON, Richard John | Secretary | 2007-03-30 | 2009-12-18 |
| THOMSEN, Henrik Nejsborg | Secretary | 2001-03-28 | 2004-10-15 |
| BRIAN REID LTD. | Corporate Nominee Secretary | 2001-03-13 | 2001-03-28 |
| MASONS SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2004-10-15 | 2005-03-09 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2005-03-09 | 2007-03-30 |
| BERGMAN, Emma Elaine | Director | 2022-02-01 | 2026-03-25 |
| CHILDS, John | Director | 2009-06-29 | 2010-06-15 |
| FILTENBORG, Mogens | Director | 2001-03-28 | 2005-06-01 |
| HINRICHS, Guido, Mr. | Director | 2018-02-06 | 2022-02-01 |
| IVERSEN, Brian | Director | 2010-03-08 | 2013-09-17 |
| JENSEN, Jens Anders | Director | 2001-03-28 | 2005-06-01 |
| KARST, Thomas | Director | 2005-12-13 | 2007-09-20 |
| KLITGAARD, Martin | Director | 2013-09-17 | 2014-11-04 |
| KRABBENHOFT, Hans Jorgen | Director | 2007-09-20 | 2010-03-08 |
| MADSEN, Soren | Director | 2007-09-20 | 2009-06-25 |
| MCLELLAN, Peter Charters | Director | 2004-07-01 | 2005-12-31 |
| MORTENSEN, Klaus Steen | Director | 2007-01-10 | 2018-02-06 |
| PEDERSEN, Svend Aage | Director | 2010-07-05 | 2018-02-06 |
| PEDERSEN, Tom Krojgaard | Director | 2001-03-28 | 2007-01-10 |
| POULSEN, Johannes | Director | 2001-03-28 | 2002-05-16 |
| SAMUELSSON, Malin, Ms. | Director | 2014-11-04 | 2018-02-06 |
| SCHOU, Erik Romvig | Director | 2004-10-15 | 2007-09-20 |
| SIGAARD, Svend | Director | 2001-03-28 | 2005-05-02 |
| SMITH, Hans Martin, Mr. | Director | 2018-02-06 | 2022-02-01 |
| VEDEL, Soren | Director | 2002-05-16 | 2006-04-18 |
| WALSH, Kieran Patrick | Director | 2022-02-01 | 2026-04-01 |
| STEPHEN MABBOTT LTD. | Corporate Nominee Director | 2001-03-13 | 2001-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vestas Northern Europe A/S | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 182 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-28 | AA | accounts | Accounts with accounts type full | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-29 | AA | accounts | Accounts with accounts type full | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-24 | AA | accounts | Accounts with accounts type full | |
| 2022-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-01 | CH01 | officers | Change person director company with change date | |
| 2022-02-01 | CH01 | officers | Change person director company with change date | |
| 2022-02-01 | CH01 | officers | Change person director company with change date | |
| 2022-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
-20.9%
£429,261,000 £339,719,000
-
Cash
—
Not reported
-
Net assets
+25.9%
£36,085,000 £45,430,000
-
Employees
+24.7%
332 414
-
Operating profit
+51.4%
£3,538,000 £5,358,000
-
Profit before tax
+102.9%
£6,270,000 £12,720,000
-
Wages
+20.5%
£21,621,000 £26,054,000
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