NEXTPOWER RUTHERGLEN LIMITED
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Cash
£166k
highest in 4 filed years
Net assets
-£457k
lowest in 5 filed years
Employees
—
Average over period
Profit before tax
-£247k
Period ending 2025-12-31
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
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | -£62,974 | -£77,901 | -£96,561 | — | |
| Profit before tax | — | — | -£357,887 | £504,309 | -£247,249 | — | |
| Net profit | -£27,735 | -£53,367 | -£357,887 | £504,309 | -£247,249 | — | |
| Cash | £3,698 | — | £286 | £286 | £165,876 | — | |
| Total assets less current liabilities | £333,140 | -£48,979 | -£111,953 | -£209,977 | -£457,226 | — | |
| Net assets | -£26,860 | -£48,979 | -£111,953 | -£209,977 | -£457,226 | — | |
| Equity | -£26,860 | -£48,979 | -£111,953 | -£209,977 | -£457,226 | — | |
| Average employees | 0 | 0 | 0 | 0 | — | — | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | £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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 9 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | 102.1% | 102.7% | 103.5% | 107.3% | 112.1% | |
| Current ratio | — | — | 0.08x | 0.05x | 0.05x | |
| Interest cover | — | — | -0.21x | -0.85x | -0.64x |
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 1 time since incorporation
- NEXTPOWER RUTHERGLEN LIMITED 2025-06-05 → present
- GLASGOW POWER LIMITED 2021-09-16 → 2025-06-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- KPMG Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements (the "going concern period").”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAGGAN SECRETARIES LIMITED | Corporate Secretary | 2024-11-13 | — | — |
| CORAZZA, Enrico | Director | 2024-11-13 | Mar 1978 | Italian |
| TENDERINI, Filippo | Director | 2026-03-01 | Mar 1968 | Italian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUXTON, Aubrey James Francis | Director | 2024-07-12 | 2024-11-13 |
| DIX, James Scott | Director | 2022-03-22 | 2024-07-31 |
| HANGLIN, Giles Spencer Ian | Director | 2021-12-01 | 2024-03-28 |
| PLUMB, Ian Colin | Director | 2021-09-16 | 2022-12-12 |
| STANTON, Richard Barrington | Director | 2021-09-16 | 2024-11-13 |
| STANTON, William Robert | Director | 2021-09-16 | 2024-11-13 |
| VAUGHAN, Sulwen | Director | 2024-11-13 | 2026-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nextpower Uk Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-11-13 | Active |
| Cambridge Power Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-12 | Ceased 2024-11-13 |
| William Robert Stanton | Individual | Shares 25–50%, Voting 25–50% | 2021-09-16 | Ceased 2022-12-12 |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-05 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-05 | AA | accounts | Accounts with accounts type full | |
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-16 | CH01 | officers | Change person director company with change date | |
| 2026-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-05 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-02-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-02-12 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-02 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-07-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.