INCH CAPE OFFSHORE LIMITED
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Cash
£111M
+87.7% vs 2024
Net assets
£25M
+40.2% vs 2024
Employees
0
Average over period
Profit before tax
-£1.3M
+26.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£1,410,000 | -£421,000 | +70.1% | |
| Profit before tax | -£1,763,000 | -£1,297,000 | +26.4% | |
| Net profit | -£1,763,000 | -£1,297,000 | +26.4% | |
| Cash | £59,109,000 | £110,946,000 | +87.7% | |
| Total assets less current liabilities | £37,100,000 | £2,055,927,000 | +5,441.6% | |
| Net assets | £18,024,000 | £25,262,000 | +40.2% | |
| Equity | £18,024,000 | £25,262,000 | +40.2% | |
| 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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Return on capital employed | -3.8% | -0.0% | |
| Gearing (liabilities / total assets) | 97.8% | 98.9% | |
| Current ratio | 0.27x | 1.12x | |
| Interest cover | -0.76x | -0.14x |
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
- INCH CAPE OFFSHORE LIMITED 2011-08-10 → present
- SEAENERGY RENEWABLES INCH CAPE LIMITED 2010-02-17 → 2011-08-10
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the Directors believe to be appropriate. For the period of at least twelve months from the date of signing the financial statements, the Company is expected to fund cash outflows arising from the capital expenditure it is expected to incur to construct the Inch Cape windfarm.”
Significant events
- “On 24 January 2025, Inch Cape reached financial close and moved into its full construction phase. Terms for the project financing, including transmission asset costs, were reached with lenders comprising 22 commercial banks committing over £2.7bn to construct the project.”
- “Subsequent to year end, the Company issued £264,711k of new equity through the issue of 264,711k ordinary shares of £1 per share. This funding had been contractually committed by Inch Cape Offshore Holdings 2 Limited at financial close.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 45 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Owain | Secretary | 2024-07-10 | — | — |
| ARENSBACH, Thomas | Director | 2025-11-24 | Apr 1966 | Danish |
| CONNOLLY, Gary Patrick | Director | 2025-01-30 | Apr 1970 | Irish |
| HOU, Bin | Director | 2026-03-24 | May 1975 | Chinese |
| KEANE, Patrick Timothy | Director | 2026-03-16 | Oct 1970 | Irish |
| KINSMAN, Caitriona Maria | Director | 2020-11-05 | Dec 1970 | Irish |
| LENNON, Paul | Director | 2022-07-15 | Feb 1979 | Irish |
| MCINTOSH, Greig William | Director | 2026-01-09 | Sep 1978 | British |
| YUE, Zhilong | Director | 2025-11-24 | Aug 1987 | Chinese |
Show 45 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLALI, Jade | Secretary | 2020-11-05 | 2023-03-21 |
| GODDARD, James Paul Alexander | Secretary | 2023-03-21 | 2024-07-10 |
| MCMURRAY, Robert Dow | Secretary | 2018-06-11 | 2020-11-05 |
| MERSON, Philip | Secretary | 2010-02-17 | 2011-06-28 |
| BURNESS LLP | Corporate Secretary | 2010-02-17 | 2010-02-17 |
| BONNAR, Ronald | Director | 2010-02-17 | 2016-09-30 |
| BREWSTER, Joseph Stephen | Director | 2022-06-23 | 2023-04-24 |
| CASANUEVA, Juan | Director | 2013-02-26 | 2014-08-06 |
| CATALAN, Jose Luise Bernal | Director | 2011-06-28 | 2013-02-12 |
| COLLAR, Antonio Perez | Director | 2014-05-08 | 2015-07-20 |
| DONALDSON, Andrew Raymond | Director | 2016-10-03 | 2018-08-02 |
| FINCH, Daniel Henry | Director | 2011-06-28 | 2016-01-29 |
| FINCH, Daniel Henry | Director | 2010-02-17 | 2011-06-28 |
| FINNON, David Anthony | Director | 2024-04-22 | 2025-11-24 |
| GOMEZ-ACEBO, Pablo Muntanola | Director | 2015-07-21 | 2016-05-20 |
| GRAY, Gary George | Director | 2010-02-17 | 2010-02-17 |
| HORNE, Brian | Director | 2023-03-09 | 2023-05-17 |
| KEANE, Patrick Timothy | Director | 2022-09-09 | 2024-02-29 |
| LI, Xinlu | Director | 2018-05-14 | 2022-03-24 |
| LIQING, Pan | Director | 2022-08-22 | 2022-10-06 |
| MADGWICK, Jonathan Guy | Director | 2018-11-08 | 2023-02-28 |
| MARTINEZ, Agustin Huerta | Director | 2014-08-07 | 2016-05-20 |
| MCMANUS, Ciaran Thomas | Director | 2025-05-16 | 2026-03-16 |
| NOGUEIRA DE SOUSA COSTEIRA, Joao Paulo | Director | 2014-02-19 | 2016-01-29 |
| O'CONNOR, John | Director | 2024-02-29 | 2025-05-16 |
| O'CONNOR, John | Director | 2020-11-05 | 2022-09-09 |
| PAN, Liqing | Director | 2017-04-11 | 2020-11-05 |
| ROBINSON, Simon Andrew | Director | 2022-03-24 | 2022-05-11 |
| RODRIGUEZ GUTIERREZ, Maria Lourdes | Director | 2016-05-10 | 2016-05-10 |
| SANCHEZ, Bautista Rodriguez | Director | 2011-06-28 | 2016-01-29 |
| SANCHEZ, Victor Peon | Director | 2014-08-07 | 2016-05-10 |
| SANTACLARA, Julio Cortezon | Director | 2011-06-28 | 2014-08-06 |
| SCALONE, Carmelo | Director | 2011-06-28 | 2013-12-20 |
| SMITH, Paul Gerard | Director | 2020-11-05 | 2022-07-15 |
| STAADECKER, Joel Bonnar | Director | 2010-02-17 | 2011-06-28 |
| VIGARIO, Gregorio Garcia | Director | 2011-06-28 | 2014-05-08 |
| WARDHAUGH, Frazer Hamilton | Director | 2023-10-03 | 2025-11-24 |
| WEIFEI, Shi | Director | 2025-01-30 | 2026-01-09 |
| WEIFEI, Shi | Director | 2023-05-17 | 2023-10-03 |
| XIAOMENG, Chen | Director | 2022-10-06 | 2026-03-24 |
| YORSTON, John Mackay | Director | 2023-06-27 | 2024-04-22 |
| ZHANG, Hehua | Director | 2016-05-20 | 2018-05-14 |
| ZHANG, Kaihong | Director | 2016-05-20 | 2022-08-22 |
| ZHAO, Fengbo | Director | 2016-05-20 | 2017-04-11 |
| BURNESS (DIRECTORS) LIMITED | Corporate Director | 2010-02-17 | 2010-02-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inch Cape Offshore Holdings 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-30 | Active |
| Inch Cape Offshore Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-03 | Ceased 2024-08-30 |
| Red Rock Power Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-11-05 |
Filing timeline
Last 20 of 185 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-22 RESOLUTIONS Resolution
- 2026-03-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-22 | RP01SH01 | miscellaneous | Legacy | |
| 2026-06-22 | RP01SH01 | miscellaneous | Legacy | |
| 2026-06-22 | RP01SH01 | miscellaneous | Legacy | |
| 2026-06-20 | AA | accounts | Accounts with accounts type full | |
| 2026-06-03 | SH01 | capital | Capital allotment shares | |
| 2026-06-03 | SH01 | capital | Capital allotment shares | |
| 2026-06-03 | SH01 | capital | Capital allotment shares | |
| 2026-05-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-22 | RP01SH01 | miscellaneous | Legacy | |
| 2026-05-22 | RP01SH01 | miscellaneous | Legacy | |
| 2026-05-15 | SH01 | capital | Capital allotment shares | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-04 | SH01 | capital | Capital allotment shares | |
| 2026-03-04 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 5
- Officers appointed
- 5
- Officers resigned
- 5
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.