PEN Y CYMOEDD WIND FARM LIMITED
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Cash
£13m
+94.1% vs 2023
Net assets
£109m
-14.6% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
£36m
-19.9% lowest in 3 filed years
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £140,115,000 | £91,923,000 | £80,397,000 | -12.5% | |
| Operating profit | £94,745,000 | £50,190,000 | £41,257,000 | -17.8% | |
| Profit before tax | £87,424,000 | £44,330,000 | £35,517,000 | -19.9% | |
| Net profit | £70,485,000 | £33,420,000 | £26,322,000 | -21.2% | |
| Cash | £20,545,000 | £6,497,000 | £12,609,000 | +94.1% | |
| Total assets less current liabilities | £253,012,000 | £329,147,000 | £308,282,000 | -6.3% | |
| Net assets | £129,712,000 | £128,132,000 | £109,454,000 | -14.6% | |
| Equity | £129,712,000 | £128,132,000 | £109,454,000 | -14.6% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £13,000 | £21,000 | £18,000 | -14.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 67.6% | 54.6% | 51.3% | |
| Net margin | 50.3% | 36.4% | 32.7% | |
| Return on capital employed | 37.4% | 15.2% | 13.4% | |
| Gearing (liabilities / total assets) | 66.6% | 63.4% | — | |
| Current ratio | 0.41x | 1.57x | 1.59x | |
| Interest cover | 11.40x | 6.81x | 5.63x |
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.
Name history
Renamed 3 times since incorporation
- PEN Y CYMOEDD WIND FARM LIMITED 2008-06-05 → present
- NUON UK PROJECTS (SR03) LIMITED 2003-09-15 → 2008-06-05
- ECOWIND PROJECTS (SR03) LIMITED 2002-09-03 → 2003-09-15
- M & N WIND PROJECTS (SR03) LIMITED 1998-01-19 → 2002-09-03
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the future cashflows, the written confirmation obtained from Vattenfall AB and the resources available to the Company, the directors believe the Company has sufficient liquidity to manage through a range of different scenarios until at least 31 December 2027. Given Vattenfall's strong liquidity position, the directors adopt the going concern basis in preparing the financial statements.”
Significant events
- “In May 2025, the Company declared and paid a dividend of £10,000 thousand to its immediate parent undertaking, Vattenfall Wind Power Ltd.”
- “Under the current circumstances, where markets are disturbed by unrest in the Middle East, resulting in energy supply uncertainty, the Company benefits from higher prices. In times of uncertainty, conscious steer is given by the management to maintain sufficient funds to operate the Company. At present, the directors believe that the Company is well placed to continue without significant adverse operational or financial impact.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GATES, John Paul | Director | 2024-10-01 | Oct 1967 | British |
| VAN BAVEL, Ruben Roeland | Director | 2023-03-15 | Nov 1986 | Dutch |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYLIS, Robert John | Secretary | 2001-06-26 | 2012-08-29 |
| ELLIOTT, Graham Thomas | Secretary | 2014-01-01 | 2014-11-01 |
| HASHIMOTO, Takekazu | Secretary | 1998-02-25 | 2001-06-26 |
| VAN MANSFELD, Jonas | Secretary | 2016-07-11 | 2025-09-17 |
| WOODMAN, Fiona Mary | Secretary | 1998-01-19 | 1998-02-25 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1998-01-19 | 1998-01-19 |
| BAYLIS, Robert John | Director | 2008-08-04 | 2009-11-17 |
| BOERSMA, Taeke Remco | Director | 2004-07-30 | 2005-05-31 |
| DAHL, Anders | Director | 2009-11-17 | 2013-04-15 |
| DE RONDE, Herman Coenraad | Director | 2004-07-30 | 2004-12-20 |
| ELMAS, Alper | Director | 2017-07-01 | 2022-11-04 |
| GROEBLER, Gunnar | Director | 2014-01-01 | 2016-11-28 |
| GROEN, Johannes | Director | 2003-08-26 | 2004-07-30 |
| GUY, Piers Basil | Director | 2014-01-01 | 2017-09-30 |
| JOST, Herbert | Director | 2004-12-20 | 2008-12-01 |
| KAMERBEEK, Arnoud Bastiaan | Director | 2008-12-01 | 2009-11-17 |
| KATAYAMA, Masahiko | Director | 2002-11-26 | 2003-08-26 |
| KLEEREBEZEM, Jaap | Director | 2022-03-08 | 2024-10-01 |
| LEIJTE, Serge | Director | 2003-08-26 | 2004-07-30 |
| MENDEZ REBOLLO, Alberto | Director | 2013-04-16 | 2014-01-28 |
| MINORIKAWA, Hideo | Director | 2000-09-08 | 2002-03-01 |
| MIRSCH, Ingrid Ulrika | Director | 2014-02-01 | 2015-10-11 |
| NIELSON, Ole Bigum | Director | 2016-04-06 | 2017-04-30 |
| NILSSON, Sandra Grauers | Director | 2016-04-06 | 2018-03-23 |
| O'SULLIVAN, Jonathan David Chin | Director | 2018-03-23 | 2021-09-03 |
| OSONE, Hiroyuki | Director | 2002-11-26 | 2003-08-26 |
| ROZENDAL, Henk Erik | Director | 2014-01-01 | 2016-04-06 |
| SATO, Morio | Director | 1998-02-23 | 2000-09-08 |
| SOMERO SORENSEN, Eva | Director | 2009-11-17 | 2010-04-29 |
| SVED, Stefan | Director | 2010-04-29 | 2013-04-15 |
| TORNBERG, Peter | Director | 2016-04-06 | 2016-04-06 |
| UENO, Hiroshi | Director | 2002-03-01 | 2003-02-28 |
| WESSLAU, Peter Johan | Director | 2009-11-17 | 2014-01-28 |
| WOLTMANN, Hans Werner | Director | 2016-04-06 | 2017-07-01 |
| WOODMAN, Bruce Vaughan | Director | 1998-01-19 | 2002-11-26 |
| ZURAWSKI, Robert | Director | 2022-11-04 | 2023-03-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vattenfall Wind Power Ltd | Corporate entity | Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 161 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2025-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-22 | AA | accounts | Accounts with accounts type full | |
| 2023-10-30 | AA | accounts | Accounts with accounts type full | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-21 | SH20 | capital | Legacy | |
| 2023-04-21 | CAP-SS | insolvency | Legacy | |
| 2023-03-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-22 | CAP-SS | insolvency | Legacy | |
| 2022-12-12 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-17 | AA | accounts | Accounts with accounts type full | |
| 2022-03-16 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.