ORBITAL MARINE POWER LIMITED

Active Kirkwall

Other business support service activities n.e.c.

37 employees website.com
Environment, agriculture and waste Other business support service activities n.e.c.
O

ORBITAL MARINE POWER LIMITED

Other business support service activities n.e.c.

Founded 7 Aug 2002 Active Kirkwall, United Kingdom 37 employees website.com
Environment, agriculture and waste Other business support service activities n.e.c.

Previous Company Names

SCOTRENEWABLES TIDAL POWER LIMITED 10 Nov 2010 — 15 Oct 2018
SCOTRENEWABLES (MARINE POWER) LTD. 1 Oct 2004 — 10 Nov 2010
SCOTTIDE LIMITED 7 Aug 2002 — 1 Oct 2004
Accounts Submitted 31 Dec 2025 Next due 30 Sept 2026 4 months remaining
Confirmation
Net assets £2M £78K 2024 year on year
Total assets £8M £872K 2024 year on year
Total Liabilities £6M £950K 2024 year on year
Charges 22
5 outstanding 17 satisfied

Contact & Details

Contact

Registered Address

Innovation Centre - Orkney Hatston Pier Road Crowness Business Park Kirkwall Orkney KW15 1ZL

Email

info@example.com

Website

www.example.com

Full company profile for ORBITAL MARINE POWER LIMITED (SC235066), an active environment, agriculture and waste company based in Kirkwall, United Kingdom. Incorporated 7 Aug 2002. Other business support service activities n.e.c.. View financials, directors, shareholders, and filings.

Business Summary

This company specializes in providing innovative solutions and services across multiple sectors.

Products & Services

consulting software analytics integration

Reports

Credit Report

In-depth credit score, financial analysis, risk assessment and company intelligence.

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Balance Sheet & P&L (2014–2024)

Cash in Bank

£278.12k

Increased by £87.41k (+46%)

Net Assets

£2.20M

Increased by £77.69k (+4%)

Total Liabilities

£5.98M

Decreased by £949.96k (-14%)

Turnover

£340.07k

Increased by £150.72k (+80%)

Employees

37

Decreased by 1 (-3%)

Debt Ratio

73%

Decreased by 4 (-5%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

Funding Rounds 3
Grants 1

Investors (3)

Investor NameInvestor SinceParticipating Rounds
Investor 2Jan 2019Debt Financing
Investor 5Dec 2020Crowdfunding
Investor 3Jul 2022Debt Financing

Share Capital

Share Capital

Share allotments and capital structure

13 Allotments 23,376,768 Shares £33.76m Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
23 Oct 20257,000,000£7.00m£1
23 Oct 20253,726,428£2.42m£0.65
23 Oct 20257,000,000£7.00m£1
23 Oct 20253,726,428£2.42m£0.65
27 Mar 2024300,555£879k£2.925

Officers

Officers

0 active 3 resigned
Status

No officers found

No officers found

Shareholders

Shareholders (15)

Matthew J. R. Mcgrath
41.1%
Scottish Enterprise (acting In Its Capacity As The Administrator For The Renewable Energy Investment
22.3%

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Matthew Mcgrath

British

Active
Notified 21 Sept 2018
Residence United States
DOB November 1977
Nature of Control
  • Ownership Of Shares 25 To 50 Percent,voting Rights 25 To 50 Percent

Scottish Enterprise

Ceased 14 Jan 2022

Ceased

Group Structure

Group Structure

ORBITAL MARINE POWER LIMITED Current Company

Charges

Charges

5 outstanding 17 satisfied

Properties

Properties

0 total

No related properties

Documents

Company Filings

DateCategoryDescriptionDocument
12 Feb 2026OfficersAppointment of Gerald Koch as director on 1 Jan 2026
12 Feb 2026OfficersAppointment of Ronald Bonnar as director on 12 Feb 2026
31 Dec 2025AccountsAnnual accounts made up to 31 Dec 2024
7 Nov 2025MortgageMortgage Satisfy Charge Full
7 Nov 2025MortgageMortgage Satisfy Charge Part
12 Feb 2026 Officers

Appointment of Gerald Koch as director on 1 Jan 2026

12 Feb 2026 Officers

Appointment of Ronald Bonnar as director on 12 Feb 2026

31 Dec 2025 Accounts

Annual accounts made up to 31 Dec 2024

7 Nov 2025 Mortgage

Mortgage Satisfy Charge Full

7 Nov 2025 Mortgage

Mortgage Satisfy Charge Part

Recent Activity

Latest Activity

Appointment of Gerald Koch as director on 1 Jan 2026

3 months ago on 12 Feb 2026

Appointment of Ronald Bonnar as director on 12 Feb 2026

3 months ago on 12 Feb 2026

Annual accounts made up to 31 Dec 2024

4 months ago on 31 Dec 2025

Mortgage Satisfy Charge Full

6 months ago on 7 Nov 2025

Mortgage Satisfy Charge Part

6 months ago on 7 Nov 2025