Race Bank Wind Farm Limited
Production of electricity · London
ActiveUnited KingdomIncorporated 2004Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
—
Cash
£16,394,647
Turnover
£277,244,373
Profit / loss
£54,865,673
Current assets
£66,380,131
Creditors < 1 year
£21,673,367
Equity
−£184,112,350
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Equity | −£184,112,350 | −£189,606,915 |
| Share capital | −£164,832,410 | −£164,832,410 |
| Retained earnings | −£19,279,940 | −£24,774,505 |
| Assets | ||
| Property, plant & equipment | £1,140,318,385 | £1,210,327,220 |
| Current assets | £66,380,131 | £66,861,293 |
| Cash at bank | £16,394,647 | £16,509,905 |
| Debtors | £48,308,406 | £48,441,779 |
| Liabilities | ||
| Creditors | £1,022,586,166 | £1,087,581,598 |
| Creditors within one year | £21,673,367 | £30,774,179 |
| Creditors after one year | £1,000,912,799 | £1,056,807,419 |
| Profit & loss | ||
| Turnover | £277,244,373 | £267,473,763 |
| Cost of sales | £99,886,177 | £98,611,260 |
| Gross profit | £177,358,196 | £168,862,503 |
| Administrative expenses | £62,005,073 | £58,084,988 |
| Other operating income | — | £2,376,181 |
| Operating profit | £115,353,123 | £108,960,018 |
| Interest receivable | £1,173,960 | £1,515,097 |
| Interest payable | £44,695,866 | £46,907,457 |
| Profit before tax | £71,831,217 | £63,567,658 |
| Tax | £16,965,544 | £16,099,389 |
| Profit / loss | £54,865,673 | £47,468,269 |
| Dividends | £60,360,238 | £93,717,812 |
| Operating costs | ||
| Audit fees | £27,700 | £26,600 |
| Cash flow | ||
| Cash from operations | £170,457,035 | £181,009,366 |
| Energy & carbon | ||
| Energy use | 3,561,806 kWh | 3,443,308 kWh |
| Greenhouse gas emissions | 689 t CO₂e | 758 t CO₂e |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activity of the company is the generation of electricity in the UK through the use of offshore wind technology from its site located 27 km north of Blakeney Point off the coast of Norfolk, and 28 km east of Chapel St Leonards off the Lincolnshire coast in the North Sea.
- What it does
- electricity generation · offshore wind · wind farm · power sales (AI keywords)
- The year
- During the year the company continued electricity generation from its offshore site. Commercial generation is expected to continue for the foreseeable future.
- Outlook
- Commercial generation is expected to continue for the foreseeable future.
- Auditor
- PricewaterhouseCoopers LLP · senior statutory auditor Alexander Smith
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Race Bank Wind Farm (Holding) Limited · England and Wales
- Ultimate parent
- Race Bank Wind Farm (Holding) Limited · England and Wales
- Accounts
- Full accounts · IFRS
- Approved
- 2026-06-26, signed by Samuel James Claxton
Turnover by segment (3)
- Sale of electricity and associated benefits: 277,144,373 (2025-12-31)
- Sale of electricity and associated benefits: 267,473,763 (2024-12-31)
- Other revenue: 100,000 (2025-12-31)
Related parties (12)
- Firebolt RB Holdings Limited · Investor holding company · Sale of electricity and associated benefits · 133,358,678
- Orsted Race Bank (Holding) Limited · Investor holding company · Sale of electricity and associated benefits · 133,358,678
- Other Orsted Group companies · Purchase and receipt of services · (56,788,530)
- Firebolt RB Holdings Limited · Investor holding company · Finance expense · (21,492,466)
- Orsted Race Bank (Holding) Limited · Investor holding company · Finance expense · (21,492,466)
- Other Orsted Group companies · Finance expense · (109,405)
- Race Bank Wind Farm (Holding) Limited · Parent company · Dividends paid · (93,717,812)
- Firebolt RB Holdings Limited · Investor holding company · Borrowings (repayments) · (22,051,250)
- Firebolt RB Holdings Limited · Investor holding company · Trade and other receivables balance · 22,770,069
- Firebolt RB Holdings Limited · Investor holding company · Trade and other payables balance · (4,582,696)
- Firebolt RB Holdings Limited · Investor holding company · Borrowings balance · (416,502,621)
- Orsted Race Bank (Holding) Limited · Investor holding company · Borrowings balance · (416,502,621)
Share classes (1)
- 164,832,410 Ordinary shares of £1 each of £1
Principal risks (5)
- technical failures
- regulatory changes
- fluctuating market prices
- non-compliance with statutory Health, Safety, and Environment (HSE) obligations
- fluctuations in wind content
Events after the year end (2)
- After the balance sheet date, an interim dividend of £33,331,131 was paid.
- After the balance sheet date, principal loan repayments of £36,926,415 were paid.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2016-12-21
—
Outstanding