KINLOCHLEVEN POWER LTD

1. KINLOCHLEVEN POWER LTD 2020-10-16 → present
2. SIMEC KINLOCHLEVEN POWER LTD 2016-12-19 → 2020-10-16

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

Morris & Young, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed the financial position of the company, including its operational performance, funding arrangements, and future cash flow projections. Based on this assessment, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and have therefore adopted the going concern basis in preparing the financial statements. ... No material uncertainties have been identified that would cast significant significant doubt on the company's ability to continue as a going concern.”

Significant events

• “a strategic review of the O&M and asset management responsibilities of the Company has been undertaken with the objective to optimise the efficiency, reliability, availability and longevity of the assets. This has led to the adoption of updated asset management and O&M plans and the decision to enter a series of new contractual arrangements to manage and maintain the assets which will come into force during 2025.”

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

Filings

2

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

  -17.6%

  £47,389,062 → £39,029,869

• Cash

  -35.9%

  £14,267,159 → £9,148,340

• Net assets

  -43.3%

  £25,525,365 → £14,471,430

• Employees

  0%

  2 → 2

• Operating profit

  -12.5%

  £31,130,136 → £27,248,937

• Profit before tax

  -14.8%

  £24,273,426 → £20,673,933

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers