INCE BIO POWER LIMITED
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Cash
£7.7m
+160.6% highest in 3 filed years
Net assets
-£250m
-18% lowest in 3 filed years
Employees
5
+150% highest in 3 filed years
Profit before tax
-£41m
-3.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £23,702,000 | £20,219,000 | £19,176,000 | -5.2% | |
| Operating profit | -£4,255,000 | -£2,448,000 | £3,356,000 | +237.1% | |
| Profit before tax | -£51,700,000 | -£39,167,000 | -£40,530,000 | -3.5% | |
| Net profit | -£51,700,000 | -£39,167,000 | -£38,095,000 | +2.7% | |
| Cash | £4,828,000 | £2,957,000 | £7,706,000 | +160.6% | |
| Total assets less current liabilities | £117,174,000 | £100,327,000 | £102,175,000 | +1.8% | |
| Net assets | -£172,261,000 | -£211,428,000 | -£249,523,000 | -18% | |
| Equity | — | — | -£249,523,000 | — | |
| Average employees | 3 | 2 | 5 | +150% | |
| Wages | — | — | — | — | |
| Directors' remuneration | £226,000 | £34,000 | £216,217 | +535.9% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -18.0% | -12.1% | 17.5% | |
| Net margin | — | -193.7% | -198.7% | |
| Return on capital employed | -3.6% | -2.4% | 3.3% | |
| Gearing (liabilities / total assets) | 245.4% | 284.5% | — | |
| Current ratio | 0.93x | 0.96x | 1.18x | |
| Interest cover | -0.09x | -0.07x | 0.08x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has prepared detailed cashflow forecasts to December 2027, demonstrating that it has the required funding to invest in its assets and meet its obligations as they fall due over the going concern period without requiring additional investment. In all but extremely unlikely scenarios, the forecasts indicate that the Company will meet its financial obligations for the period to December 2027. Directors expect the banking group to remain in compliance with its covenants for at least 12 months from the date of approval of these financial statements. Based on their assessment and the stress testing undertaken, the Directors have a reasonable expectation that the Company will continue in operational existence for the foreseeable future.”
Significant events
- “No significant events have occurred after the balance-sheet date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRETT, Helena | Director | 2026-01-21 | May 1979 | Irish |
| ROBERTS, Mark Stephen | Director | 2019-05-17 | Mar 1980 | British |
| WARNER, Angus James | Director | 2025-10-06 | Apr 1979 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATKINSON, Michael James | Director | 2015-10-05 | 2019-02-28 |
| BENNETT, Neil Mather Jackson | Director | 2025-03-08 | 2025-03-25 |
| BENNETT, Neil Mather Jackson | Director | 2017-09-26 | 2022-05-31 |
| BROOKING, Ian Charles | Director | 2015-01-13 | 2019-09-10 |
| HARNETT, Anthony | Director | 2019-09-26 | 2022-09-09 |
| JACKSON, Ian | Director | 2025-02-07 | 2026-01-15 |
| MATTHEWS, Paige Victoria | Director | 2024-03-18 | 2025-10-06 |
| MCPHERSON, Robert Hamish | Director | 2015-10-05 | 2017-09-26 |
| NAIRN, David Alexander | Director | 2015-01-13 | 2015-10-05 |
| PIKE, David | Director | 2015-01-13 | 2019-09-10 |
| RICHARDSON, Andrew | Director | 2019-09-26 | 2021-12-14 |
| RIDDELL, Carla Diane | Director | 2022-06-06 | 2024-03-18 |
| SAMWORTH, James Peter | Director | 2015-10-05 | 2018-05-31 |
| SOOD, Abhay Kiran Kumar | Director | 2022-09-09 | 2024-12-31 |
| WILLIAMS, Christopher Ian | Director | 2019-05-17 | 2021-05-01 |
| WRIGHT, Benedict William John Thorpe | Director | 2018-05-31 | 2019-09-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stanlow Bio Power Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 77 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-21 | AA | accounts | Accounts with accounts type full | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | AA | accounts | Accounts with accounts type full | |
| 2024-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-22 | AA | accounts | Accounts with accounts type full |
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.