HC ESS3 LIMITED
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Cash
£407k
+96% highest in 3 filed years
Net assets
-£9.6m
-17.4% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£1.4m
+28.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
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 | £1,346,576 | £1,339,116 | £1,655,809 | +23.6% | |
| Operating profit | -£465,296 | -£635,592 | -£611,366 | +3.8% | |
| Profit before tax | -£1,698,990 | -£1,990,390 | -£1,429,108 | +28.2% | |
| Net profit | -£1,698,990 | -£1,990,390 | -£1,429,108 | +28.2% | |
| Cash | £353,702 | £207,585 | £406,872 | +96% | |
| Total assets less current liabilities | -£6,217,462 | -£8,207,852 | -£9,636,960 | -17.4% | |
| Net assets | -£6,217,462 | -£8,207,852 | -£9,636,960 | -17.4% | |
| Equity | -£6,217,462 | -£8,207,852 | -£9,636,960 | -17.4% | |
| Average employees | 3 | 2 | — | — | |
| 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 | -34.6% | -47.5% | -36.9% | |
| Net margin | -126.2% | -148.6% | -86.3% | |
| Gearing (liabilities / total assets) | 160.9% | 192.9% | — | |
| Current ratio | 0.06x | 0.09x | 0.05x | |
| Interest cover | -0.38x | -0.51x | -0.75x |
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
- FRS 102
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has net liabilities of £9.6m and net current liabilities of £17.0m. Forecasts show ability to operate for at least 12 months. Directors understand loan from parent (repayable on demand) will not be called unless company has ability to repay. Directors consider it appropriate to prepare on a going concern basis.”
Significant events
- “During the year, the group structure was revised and Grid Holdco 1 Limited became the company's immediate parent undertaking. In the prior year, the immediate parent undertaking was Gresham House Energy Storage Holdings Limited. The ultimate parent undertaking and controlling party is Gresham House Energy Storage Fund Plc.”
- “The company is party to an operations and maintenance contract for a minimum term of 3 years from 1 February 2024. It is committed to future payments of £97,500 (2024: £187,500) under the terms of this contract.”
- “The company entered into a contract for the supply of battery energy storage assets. The total contracted value of the agreement is approximately £2.6m, to be settled in staged payments over the contract term.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BECK, Stephen James | Director | 2019-12-12 | Dec 1973 | British |
| GUEST, Benjamin James Ernest | Director | 2017-04-04 | Mar 1973 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AYDINOGLU, Bozkurt | Director | 2017-04-04 | 2023-06-30 |
| OWEN, Gareth Edward | Director | 2017-04-04 | 2024-03-15 |
| THOMAS, Marc Jason, Dr | Director | 2017-08-17 | 2020-01-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Grid Holdco 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100% (as trust), Appoints directors (as firm) | 2025-08-22 | Active |
| Gresham House Energy Storage Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-10-09 | Ceased 2025-08-22 |
| Gresham House Energy Storage Fund Plc | Corporate entity | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2018-11-13 | Ceased 2020-10-09 |
| Hc Ess 1 Llp | Corporate entity | Shares 50–75%, Voting 50–75% | 2017-04-04 | Ceased 2018-11-13 |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-10-06 MA Memorandum articles
- 2021-10-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-04 | AA | accounts | Accounts with accounts type full | |
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-03 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-25 | AA | accounts | Accounts with accounts type small | |
| 2024-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-26 | AA | accounts | Accounts with accounts type group | |
| 2022-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-07 | CH01 | officers | Change person director company with change date | |
| 2021-10-06 | MA | incorporation | Memorandum articles | |
| 2021-10-06 | RESOLUTIONS | resolution | Resolution | |
| 2021-07-19 | AA | accounts | Accounts with accounts type group | |
| 2021-05-13 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.