CELTIC RENEWABLES LIMITED

1. CELTIC RENEWABLES LIMITED 2011-06-30 → present
2. ANDSTRAT (NO.353) LIMITED 2011-03-02 → 2011-06-30

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 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group incurred a loss of £13,325,678 for the year ended 31 December 2024 and at that date had net liabilities of £23,892,718. ... The directors recognise that the nature and value of the planned funding represents a material uncertainty, that may cast significant doubt on the Group's ability to continue as a going concern, they are confident of success and, accordingly, have prepared the financial statements for the year ended 31 December 2024 on a going concern basis.”

Group structure

1. CELTIC RENEWABLES LIMITED · parent
   1. Celtic Renewables Grangemouth Limited 100% · UK · operating a demonstrator manufacturing plant for the ABE fermentation technology

Significant events

• “During 2024 the Group secured £5m of funding in the form of convertible loan agreements to fund the implementation of its business strategy and £2m of funding in the form of additional senior debt from Scottish Enterprise.”
• “Production has commenced at the Subsidiary company's plant and shipments of products have been invoiced to customers.”
• “The Group recently agreed a "Bridge Funding Round" to fund the implementation of its business plan during 2025, pending launch of a "Growth Raise Funding Round."”
• “The Group has launched its "Growth Raise Funding Round".”

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

Filings

7

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

  -91.7%

  £1,851,507 → £153,306

• Net assets

  -124.4%

  -£10,645,054 → -£23,892,718

• Employees

  +10.6%

  47 → 52

• Operating profit

  -12.2%

  -£9,488,351 → -£10,645,795

• Profit before tax

  -21.1%

  -£11,533,459 → -£13,963,534

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