RACE BANK WIND FARM LIMITED - Profile & Financials

Accounts Submitted

Confirmation Statement Submitted 2 Jun 2025

Net assets £189.61M £46.25M 2024 year on year

Total assets £1277.19M £70.53M 2024 year on year

Total Liabilities £1087.58M £24.28M 2024 year on year

Charges 1

1 outstanding

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Contact & Details

Contact

Update Details

Registered Address

5 Howick Place London SW1P 1WG England

Credit Report

Discover RACE BANK WIND FARM LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2014–2024)

Cash in Bank

£16.51M

Decreased by £1.36M (-8%)

Net Assets

£189.61M

Decreased by £46.25M (-20%)

Total Liabilities

£1087.58M

Decreased by £24.28M (-2%)

Turnover

£267.47M

Increased by £841.52k (+0%)

Employees

N/A

Debt Ratio

85%

Increased by 3 (+4%)

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

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

1 Allotment 3,000,000 Shares £90000000.00m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
14 Jan 2014	ORDINARY	3,000,000	£90000000.00m	£30.00m

Officers

7 active 43 resigned

Show resigned officers

						Status
Borge Rygh Sivertsen	Director	Norwegian	Norway	47	14 Jun 2024	Active
Christian James-milrose	Director	British	United Kingdom	37	2 Sept 2024	Active
Mark Andrew Hickson	Director	British	United Kingdom	44	7 May 2025	Active
Mel Adkins	Director	British	England	46	22 Aug 2025	Active
Morten Tonseth	Director	Norwegian	Norway	37	22 Aug 2025	Active
Samuel James Claxton	Director	British	England	37	17 Nov 2020	Active
Thomas Krogh Jensen	Director	Danish	Denmark	53	7 May 2025	Active

Shareholders

Shareholders (1)


Race Bank Wind Farm (holding) Limited	100.0%	164,832,410	Ordinary	13 Jun 2024

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Race Bank Wind Farm (holding) Limited

United Kingdom

Active

Notified 27 Jul 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

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Group Structure

RACE BANK WIND FARM (HOLDING) LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent

FIREBOLT RB HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

ORSTED RACE BANK (HOLDING) LIMITED united kingdom shares 75 to 100 percent as firm, voting rights 75 to 100 percent as firm, appoint/remove directors as firm

NBIM RENEWABLE INFRA UK LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

ORSTED POWER (UK) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

NORGES BANK norway

ØRSTED A/S denmark

RACE BANK WIND FARM LIMITED Current Company

Charges

1 outstanding

Documents

Company Filings

Date	Category	Description	Document
18 Nov 2025	Officers	Change to director Mr Mel Adkins on 2025-11-18	View(2 pages)
30 Aug 2025	Officers	Appointment of Morten Tonseth as director on 2025-08-22	View(2 pages)
30 Aug 2025	Officers	Appointment of Mel Adkins as director on 2025-08-22	View(2 pages)
29 Aug 2025	Officers	Termination of Berit Stokke as director on 2025-08-22	View(1 page)
29 Aug 2025	Officers	Termination of Harald Von Heyden as director on 2025-08-22	View(1 page)