South Shields Energy Storage Ltd
10272711
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Previously known as
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 18/07/2025
Due 01/08/2026
Industry
Officers
director · Since 29/01/2021
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 53
Also on 35 other boards
director · Since 29/01/2021
CHARTERED ACCOUNTANT
BRITISH · ENGLAND · Age 52
Also on 65 other boards
director · Since 10/06/2022
DIRECTOR
IRISH · ENGLAND · Age 53
Also on 18 other boards
Former
director · Resigned 23/09/2016
secretary · Resigned 19/06/2017
director · Resigned 19/06/2017
director · Resigned 19/06/2017
director · Resigned 19/06/2017
director · Resigned 23/08/2017
director · Resigned 23/08/2017
director · Resigned 29/01/2021
corporate director · Resigned 29/01/2021
director · Resigned 30/06/2023
director · Resigned 15/03/2024
Persons with Significant Control
Grid Holdco 1 Limited
18 Floor The Scalpel,, 52 Lime Street, London, EC3M 7AF
Reg: 16461016 · Companies House · Private Limited Company
Notified 22/08/2025
Former PSCs
Res Uk & Ireland Limited
Ceased 19/06/2017
Port Of Tyne Holdco Limited
Ceased 29/01/2021
Gresham House Energy Storage Holdings Ltd
Ceased 22/08/2025
Change History
Active
Private Limited Company
C/O GRESHAM HOUSE ASSET MANAGEMENT LIMITED
LONDON
CompanyRankvs 4060+ SIC 35120 peers20
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
or ∙ the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Page 3 Port of Tyne Energy Storage Ltd INDEPENDENT AUDITORS' REPORT
Key FinancialsYear ending 31/03/2020
Turnover
£6.5M
Annual revenue
Net Worth
-£154k
Balance sheet strength
Cash
£1.1M
Cash in the bank
Profit Before Tax
£242k
Bottom line earnings
Net Current Assets
-£14.4M
Working capital
Current Assets
£2.5M
Current Liabilities
£16.9M
Fixed Assets
£14.3M
Debtors
£1.4M
Cost of Sales
£623k
Gross Profit
£5.9M
Admin Expenses
£4.4M
Operating Profit
£1.5M
Profit After Tax
£172k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2020 | 0.15 |
Derived from filed accounts. Not audited figures.