CRYSTAL RIG IV LIMITED
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Cash
£10m
+346.4% vs 2024
Net assets
£55m
+11,829% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£857k
+79.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | — | — | — | — | |
| Operating profit | — | £480,000 | £1,094,000 | +127.9% | |
| Profit before tax | — | £478,000 | £857,000 | +79.3% | |
| Net profit | — | £433,000 | £857,000 | +97.9% | |
| Cash | — | £2,238,000 | £9,991,000 | +346.4% | |
| Total assets less current liabilities | £26,000 | £876,000 | £56,391,000 | +6,337.3% | |
| Net assets | £26,000 | £459,000 | £54,754,000 | +11,829% | |
| Equity | £26,000 | £459,000 | £54,754,000 | +11,829% | |
| Average employees | — | 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 —. 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 |
|---|---|---|---|---|
| Return on capital employed | — | 54.8% | 1.9% | |
| Gearing (liabilities / total assets) | — | 98.7% | 37.4% | |
| Current ratio | 0.01x | 0.36x | 0.41x | |
| Interest cover | — | — | 3.31x |
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 2 times since incorporation
- CRYSTAL RIG IV LIMITED 2014-09-12 → present
- MORINSCH WIND LIMITED 2013-07-01 → 2014-09-12
- RODGER LAW WINDFARM LIMITED 1996-07-17 → 2013-07-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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").”
Significant events
- “During the year, the Company undertook a corporate restructuring via numerous steps as part of a sales transaction. As part of this, on 25 March 2025 the Company issued 53,437,913 shares, via a debt-to-equity swap, at a nominal value of £1.”
- “Commercial operations was reached on 27 April 2026, subsequent to the year end.”
- “There is a contingent liability related to the grid connection of £336k (2024: £nil). If this grid connection is cancelled, the Company is liable to pay this liability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ACQUOKOH, Hannah Louisa | Secretary | 2019-09-27 | — | — |
| AABOE, Espen | Director | 2025-03-14 | Jan 1966 | Norwegian |
| BOMSTAD, Fredrik | Director | 2025-03-14 | Feb 1985 | Norwegian |
| FIELD, Andrew James Darragh | Director | 2025-03-14 | Jul 1980 | British |
| THOMPSEN, Isabelle Juillard | Director | 2025-03-14 | Apr 1972 | French,Norwegian |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRUNT, David Charles | Secretary | 2013-05-30 | 2019-09-27 |
| DOWLER, Jeremy | Secretary | 1996-07-17 | 2013-05-30 |
| ACQUOKOH, Hannah Louisa | Director | 2021-11-22 | 2025-03-14 |
| ACQUOKOH, Hannah Louisa | Director | 2020-02-29 | 2020-07-27 |
| BADE, Anders | Director | 2019-09-27 | 2020-08-13 |
| BECKS-PHELPS, Finley Sean | Director | 2020-02-29 | 2025-03-14 |
| BRUNT, David Charles | Director | 2013-05-30 | 2019-09-27 |
| DOWLER, Jeremy | Director | 1996-07-17 | 2013-05-30 |
| EMERY, Nicholas Andrew | Director | 2003-02-07 | 2013-05-30 |
| HOUSTON, John Joseph | Director | 2020-07-27 | 2021-11-22 |
| MINDELL, Belinda Rosemary | Director | 2013-05-30 | 2016-02-24 |
| SWALES, Gareth Mark | Director | 2016-02-24 | 2020-02-29 |
| WALLACE, John Cameron | Director | 1996-07-17 | 2003-02-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hvitsten Ii Jv Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-03-14 | Active |
| Fred. Olsen Renewables Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-03-12 | Ceased 2025-03-14 |
| Fred. Olsen Renewables Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-11-22 | Ceased 2025-03-12 |
| Fred. Olsen Renewables Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-11-22 |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-14 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-04-11 | SH01 | capital | Capital allotment shares | |
| 2025-03-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-28 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-03-28 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-03-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-27 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-03-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- 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.