BALCAS SPV NO.2 LIMITED - Profile & Financials

Accounts Submitted 2 Oct 2025

Confirmation Statement Submitted 27 May 2025

Net assets £2.06M £190.99K 2023 year on year

Total assets £3.98M £280.39K 2023 year on year

Total Liabilities £1.71M £263.69K 2023 year on year

Charges 1

1 satisfied

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Contact & Details

Contact

Update Details

Registered Address

Unit 32 Cromarty Firth Industrial Park Invergordon IV18 0LT Scotland

Credit Report

Discover BALCAS SPV NO.2 LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2021–2023)

Cash in Bank

£44.05k

Decreased by £90.17k (-67%)

Net Assets

£2.06M

Decreased by £190.99k (-8%)

Total Liabilities

£1.71M

Increased by £263.69k (+18%)

Turnover

N/A

Employees

N/A

Debt Ratio

43%

Increased by 4 (+10%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 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 46,499 Shares £46k Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
12 Jul 2013	ORDINARY	46,499	£46k	£1

Officers

4 active 11 resigned

Show resigned officers

						Status
Charlotte Phillips	Director	British	England	45	19 Jan 2024	Active
Joseph David Scott	Director	British	United Kingdom	37	19 Jan 2024	Active
Mike Glennon	Director	Irish	Ireland	62	29 Oct 2021	Active
Patrick John Glennon	Director	Irish	Ireland	65	29 Oct 2021	Active

Shareholders

Shareholders (2)


Gren Energy Limited	55.0%	25,575	Ordinary	27 May 2025
Balcas Limited	45.0%	20,925	Ordinary	27 May 2025

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Equitix Esi Biomass Ltd

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 50 To 75 Percent

See All Controllers

Group Structure

GREN BIOMASS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

GREN ENERGY LIMITED united kingdom

BALCAS SPV NO.2 LIMITED Current Company

Charges

1 satisfied

Documents

Company Filings

Date	Category	Description	Document
2 Oct 2025	Accounts	Annual accounts made up to 2024-12-26	View(10 pages)
27 May 2025	Confirmation Statement	Confirmation statement made on 2025-05-15 with updates	View(4 pages)
24 Sept 2024	Mortgage	Mortgage Satisfy Charge Full	View(1 page)
19 Sept 2024	Accounts	Annual accounts made up to 2023-12-28	View(11 pages)
15 May 2024	Confirmation Statement	Confirmation statement made on 2024-05-15 with no updates	View(3 pages)