Simple Power Finco Limited
11618140
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 01/10/2025
Due 15/10/2026
Industry
Officers
director · Since 20/08/2020
ASSET MANAGER
IRISH · NORTHERN IRELAND · Age 35
Also on 4 other boards
director · Since 25/02/2022
ASSET MANAGEMENT
BRITISH · UNITED KINGDOM · Age 53
Also on 17 other boards
Persons with Significant Control
Simple Power Holdco Limited
Greencoat Capital, 5 The Peak, Wilton Road, London, Greater London, SW1V 1AN
Reg: 11617457 · Companies House · Limited By Shares
Notified 11/10/2018
CompanyRankvs 28070+ SIC 64303 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
financial statements in the UK, which includes the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. Conclusions relating to going concern Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on t
Key FinancialsYear ending 31/12/2024
Net Worth
-£16.1M
Balance sheet strength
Cash
£85k
Cash in the bank
Profit Before Tax
-£1.6M
Bottom line earnings
Net Current Assets
-£3.5M
Working capital
Current Assets
£765k
Current Liabilities
£4.3M
Debtors
£680k
Admin Expenses
£67k
Profit After Tax
-£1.6M
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.18 |
Derived from filed accounts. Not audited figures.