VESTAS OFFSHORE WIND BLADES UK LTD
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Cash
—
Latest balance sheet
Net assets
£40M
+11.1% vs 2023
Employees
615
-2.4% vs 2023
Profit before tax
£4.9M
+2,080.5% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £45,443,000 | £85,550,000 | +88.3% | |
| Operating profit | £3,696,000 | £6,046,000 | +63.6% | |
| Profit before tax | £226,000 | £4,928,000 | +2,080.5% | |
| Net profit | £289,000 | £4,003,000 | +1,285.1% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £36,014,000 | £40,017,000 | +11.1% | |
| Net assets | £36,014,000 | £40,017,000 | +11.1% | |
| Equity | £36,014,000 | £40,017,000 | +11.1% | |
| Average employees | 630 | 615 | -2.4% | |
| Wages | £24,436,000 | £22,493,000 | -8% | |
| Directors' remuneration | — | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 8.1% | 7.1% | |
| Net margin | 0.6% | 4.7% | |
| Return on capital employed | 10.3% | 15.1% | |
| Current ratio | 1.25x | 1.18x | |
| Interest cover | 1.07x | 5.41x |
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 2 times since incorporation
- VESTAS OFFSHORE WIND BLADES UK LTD 2021-02-27 → present
- MHI VESTAS OFFSHORE WIND BLADES UK LTD 2014-11-18 → 2021-02-27
- RSCO 789 LTD 2014-08-11 → 2014-11-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“From early 2025, management has decided to repurpose the Isle of Wight facility. The company will discontinue the current manufacturing lines and change to manufacturing onshore blades for the V136 turbine. 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. The directors have received confirmation that Vestas Wind Systems A/S intend to support the Company for at least one year after these financial statements are signed.”
Significant events
- “From early 2025, management has decided to repurpose the Isle of Wight facility. The company will discontinue the current manufacturing lines and change to manufacturing onshore blades for the V136 turbine.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COELHO, Renato | Director | 2026-03-09 | Aug 1980 | Portuguese |
| KASER, Kenneth Lee | Director | 2024-11-28 | Jul 1968 | American |
| TERNDRUP, Annette Høi Butt | Director | 2025-11-20 | Dec 1969 | Danish |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSEN, Flemming Obenhausen | Director | 2014-08-11 | 2021-02-24 |
| ARAI, Takao | Director | 2014-08-11 | 2017-08-18 |
| ARENDT, Thomas Gunner | Director | 2023-05-17 | 2025-11-20 |
| BERGMAN, Emma Elaine | Director | 2022-02-01 | 2026-03-09 |
| BORIN, Robert Christian Gustaf | Director | 2017-08-18 | 2021-02-24 |
| HENRIKSEN, Johnny Høy | Director | 2024-07-08 | 2024-11-28 |
| HONDA, Tatsuichiro | Director | 2017-08-18 | 2021-02-24 |
| LARSEN, Torben Hvid | Director | 2014-12-04 | 2017-08-18 |
| MOLLER, Steen | Director | 2021-02-23 | 2023-05-17 |
| NIELSEN, Tommy Rahbek | Director | 2021-02-23 | 2024-07-08 |
| OUGAARD, Flemming | Director | 2014-08-11 | 2014-12-04 |
| SMITH, Hans Martin | Director | 2021-02-23 | 2022-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitsubishi Heavy Industries, Ltd. | Corporate entity | Significant influence | 2016-05-24 | Ceased 2020-12-14 |
| Vestas Wind Systems A/S | Corporate entity | Significant influence | 2016-05-24 | Active |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-28 | AA | accounts | Accounts with accounts type full | |
| 2025-11-20 | CH01 | officers | Change person director company with change date | |
| 2025-11-20 | CH01 | officers | Change person director company with change date | |
| 2025-11-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | AA | accounts | Accounts with accounts type full | |
| 2024-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-07 | AD02 | address | Change sail address company with old address new address | |
| 2023-02-07 | AD02 | address | Change sail address company with old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.