HORNSEA 1 HOLDINGS LIMITED
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Cash
£9.6M
-69.5% lowest in 3 filed years
Net assets
-£364M
+17% highest in 3 filed years
Employees
0
Average over period
Profit before tax
-£36M
+65.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials 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 | £573,678,742 | £564,612,834 | £605,357,671 | +7.2% | |
| Operating profit | £15,318,548 | £26,753,697 | £80,320,946 | +200.2% | |
| Profit before tax | -£126,558,782 | -£102,159,332 | -£35,634,369 | +65.1% | |
| Net profit | -£177,386,902 | -£149,233,061 | -£74,705,798 | +49.9% | |
| Cash | £34,694,237 | £31,586,534 | £9,642,710 | -69.5% | |
| Total assets less current liabilities | — | £3,610,373,137 | £3,233,544,315 | -10.4% | |
| Net assets | -£587,585,417 | -£438,352,356 | -£363,646,558 | +17% | |
| Equity | -£587,585,417 | -£438,352,356 | -£363,646,558 | +17% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £0 | — |
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 | 2.7% | 4.7% | 13.3% | |
| Net margin | -30.9% | -26.4% | -12.3% | |
| Return on capital employed | — | 0.7% | 2.5% | |
| Gearing (liabilities / total assets) | 114.3% | 111.9% | 111.0% | |
| Current ratio | 2.69x | 1.99x | 1.87x | |
| Interest cover | 0.10x | 0.20x | 0.66x |
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 the group and the company has 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
- HORNSEA 1 HOLDINGS LIMITED · parent
- Hornsea 1 Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDREW, Edmund George | Director | 2023-09-29 | Jan 1987 | British |
| BURGESS, Benjamin Michael | Director | 2026-04-23 | Jul 1982 | British |
| CLAXTON, Samuel James | Director | 2025-03-07 | Nov 1988 | British |
| DI SALLE, Filippo | Director | 2022-10-27 | Apr 1972 | Italian |
| JENSEN, Thomas Krogh | Director | 2025-05-27 | Nov 1972 | Danish |
| POWER, Fiona Catherine | Director | 2025-09-23 | Aug 1987 | British |
| RIDLEY, Matthew Derek George | Director | 2026-04-23 | Jan 1978 | British |
| SANCHO PERIS, Sara | Director | 2026-04-23 | Aug 1979 | Spanish |
| SWAIN, Martin James | Director | 2026-04-23 | Dec 1975 | British |
| YENDOLE, Hugh Alistair | Director | 2025-05-27 | Feb 1968 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AGRAWAL, Deepak Kumar | Director | 2018-11-26 | 2022-11-01 |
| DUNN, Ian Robert | Director | 2024-07-29 | 2026-04-23 |
| EINSET, Erik | Director | 2018-11-26 | 2022-10-27 |
| GEORGE, Philip Roger Perkins | Director | 2022-07-21 | 2022-10-27 |
| GRAY, Julian Charles | Director | 2022-07-21 | 2025-09-23 |
| HAWKES, Darren John | Director | 2017-12-20 | 2018-02-02 |
| HJELM, Jacob | Director | 2020-02-25 | 2024-10-31 |
| KONDASKAR, Shivani Ajitkumar | Director | 2023-09-29 | 2025-06-13 |
| LILLEY, Stephen Bernard | Director | 2022-08-25 | 2023-05-01 |
| LINDHARDT, Johan Hee | Director | 2018-09-03 | 2019-01-11 |
| LINDHARDT, Johan Hee | Director | 2018-03-05 | 2018-08-31 |
| MØRCH, Henriette Holm | Director | 2017-12-20 | 2020-02-25 |
| O'CONNELL, Vanessa | Director | 2020-02-25 | 2021-05-31 |
| O'CONNELL, Vanessa | Director | 2018-09-03 | 2020-02-25 |
| ORD, Jonathan Nicholas | Director | 2024-07-29 | 2025-09-03 |
| ORD, Jonathan Nicholas | Director | 2022-11-01 | 2024-07-29 |
| PARRA ESTESO, Ramon | Director | 2023-05-01 | 2026-04-23 |
| SAROBE SCHURER, Thomas Dennis Elliot | Director | 2022-07-21 | 2022-08-25 |
| SYKES, Benjamin John | Director | 2017-12-20 | 2020-02-27 |
| VASUDEV, Partha | Director | 2024-03-01 | 2024-03-01 |
| WAKEFIELD, Nathan John | Director | 2022-10-27 | 2023-09-15 |
| WESTWOOD, Benjamin | Director | 2020-02-25 | 2025-03-17 |
| WESTWOOD, Benjamin | Director | 2019-02-22 | 2020-02-25 |
| YATES, Hamish Donald Stewart | Director | 2021-05-31 | 2023-09-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jupiter Offshore Wind Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-11-26 | Active |
| Ørsted Wind Power A/S | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-12-20 | Ceased 2018-11-26 |
| Hornsea 1 Psc Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-12-20 | Active |
Filing timeline
Last 20 of 104 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-23 | AA | accounts | Accounts with accounts type group | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-08-01 | CH01 | officers | Change person director company with change date | |
| 2025-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-18 | CH01 | officers | Change person director company with change date | |
| 2025-05-30 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-05-29 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-13 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 4
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.