RACE BANK WIND FARM (HOLDING) LIMITED
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Cash
£16m
-0.7% lowest in 3 filed years
Net assets
-£184m
+2.9% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£72m
+13% highest in 3 filed years
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 | £266,632,240 | £267,473,763 | £277,244,373 | +3.7% | |
| Operating profit | £107,446,458 | £108,948,418 | £115,340,623 | +5.9% | |
| Profit before tax | £59,958,705 | £63,556,333 | £71,818,870 | +13% | |
| Net profit | £44,072,786 | £47,456,944 | £54,853,326 | +15.6% | |
| Cash | £17,876,453 | £16,514,796 | £16,399,691 | -0.7% | |
| Total assets less current liabilities | £1,323,450,607 | £1,246,142,279 | £1,184,740,747 | -4.9% | |
| Net assets | -£235,595,728 | -£189,334,860 | -£183,827,948 | +2.9% | |
| Equity | -£235,595,728 | -£189,334,860 | -£183,827,948 | +2.9% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 40.3% | 40.7% | 41.6% | |
| Net margin | 16.5% | 17.7% | 19.8% | |
| Return on capital employed | 8.1% | 8.7% | 9.7% | |
| Gearing (liabilities / total assets) | 117.5% | 114.8% | 115.2% | |
| Current ratio | 2.78x | 2.15x | 3.02x | |
| Interest cover | 2.20x | 2.32x | 2.58x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the directors' assessment described above the directors are of the opinion that both the group and the company have adequate resources to continue in operational existence for a period of at least 12 months from the date of signing the financial statements for the year ended 31 December 2025 and therefore the going concern basis has been adopted in preparing the financial statements.”
Group structure
- RACE BANK WIND FARM (HOLDING) LIMITED · parent
- Race Bank Wind Farm Limited 100%
Significant events
- “After the balance sheet date, an interim dividend of £33,281,132 was paid.”
- “After the balance sheet date, principal loan repayments of £36,926,415 were paid.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADKINS, Mel | Director | 2025-08-22 | Mar 1979 | British |
| CLAXTON, Samuel James | Director | 2020-11-17 | Nov 1988 | British |
| HICKSON, Mark Andrew | Director | 2025-05-07 | Nov 1981 | British |
| JAMES-MILROSE, Christian | Director | 2024-09-02 | Nov 1988 | British |
| JENSEN, Thomas Krogh | Director | 2025-05-07 | Nov 1972 | Danish |
| SIVERTSEN, Borge Rygh | Director | 2024-06-14 | Jun 1978 | Norwegian |
| TONSETH, Morten | Director | 2025-08-22 | Jun 1988 | Norwegian |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARCHER, Christopher Michael | Director | 2016-12-21 | 2018-01-05 |
| CHESHIRE, Brent | Director | 2016-07-11 | 2017-06-01 |
| DE VILLIERS, Philip Henry | Director | 2017-06-01 | 2025-05-07 |
| DOOLEY, Mark Jonathan | Director | 2016-12-21 | 2017-03-29 |
| DUDLEY, Mairi Susan | Director | 2018-08-16 | 2020-11-06 |
| DUFFY, Jonathan Brazier | Director | 2019-05-16 | 2024-06-14 |
| EISENBERG, Erin Kate | Director | 2017-11-30 | 2021-02-23 |
| HAWKES, Darren John | Director | 2016-12-21 | 2018-02-28 |
| HJELM, Jacob | Director | 2020-05-15 | 2024-10-31 |
| LAMB, Anthony James | Director | 2016-12-21 | 2017-11-30 |
| MERTENS, Christoph Friedrich | Director | 2017-03-29 | 2023-09-13 |
| MURRAY, David | Director | 2018-08-16 | 2024-12-17 |
| PORTER, Matthew | Director | 2018-08-31 | 2018-11-13 |
| PRECHTEL, Felix Hellmut Nicolai, Dr | Director | 2023-09-13 | 2024-06-14 |
| ROOKE, Gavin | Director | 2016-07-11 | 2016-12-21 |
| SCHWARZ, Adam Paul | Director | 2020-08-11 | 2024-06-14 |
| SKINNER, Julian Norman Thomas | Director | 2024-06-14 | 2024-09-02 |
| STOKKE, Berit | Director | 2024-06-14 | 2025-08-22 |
| STUART, John Lawson | Director | 2018-01-05 | 2018-08-31 |
| SUDDABY, Tom | Director | 2016-12-21 | 2018-08-14 |
| SYKES, Benjamin John | Director | 2016-07-11 | 2020-03-23 |
| TILSTONE, David Paul | Director | 2016-12-21 | 2019-05-13 |
| VON HEYDEN, Harald | Director | 2024-06-14 | 2025-08-22 |
| WORT, Anthony James | Director | 2018-11-13 | 2020-08-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Firebolt Rb Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-12-21 | Active |
| Orsted Race Bank (Holding) Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-07-11 | Active |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type group | |
| 2026-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-18 | CH01 | officers | Change person director company with change date | |
| 2025-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-14 | CH01 | officers | Change person director company with change date | |
| 2025-07-14 | CH01 | officers | Change person director company with change date | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-17 | CH01 | officers | Change person director company with change date | |
| 2025-06-02 | CH01 | officers | Change person director company with change date | |
| 2025-05-16 | AA | accounts | Accounts with accounts type group | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.