Tesnik Holdings Limited
Activities of other holding companies n.e.c. · London
ActiveUnited KingdomIncorporated 2016Private Limited Company
Financial position
Accounts to 2025-12-31 · USD · Group accounts
Net assets
USD 862,544,000
Cash
USD 31,457,000
Turnover
—
Profit / loss
—
Current assets
USD 373,629,000
Creditors < 1 year
USD 567,588,000
Equity
USD 862,544,000
Average employees
Not available
Balance-sheet trend
USD · consolidatedFinancial 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 | 2025-12-31Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | USD 862,544,000 | USD 578,897,000 |
| Equity | USD 862,544,000 | USD 578,897,000 |
| Share capital | USD 75,000,000 | USD 75,000,000 |
| Retained earnings | −USD 10,029,000 | −USD 87,204,000 |
| Assets | ||
| Fixed assets | USD 1,858,216,000 | USD 1,895,994,000 |
| Property, plant & equipment | USD 1,805,903,000 | USD 1,825,850,000 |
| Investments | USD 85,000 | USD 133,000 |
| Current assets | USD 373,629,000 | USD 375,320,000 |
| Cash at bank | USD 31,457,000 | USD 26,023,000 |
| Debtors | USD 321,059,000 | USD 325,377,000 |
| Stock | USD 6,622,000 | — |
| Liabilities | ||
| Creditors | USD 1,369,301,000 | USD 1,692,417,000 |
| Creditors within one year | USD 567,588,000 | USD 961,902,000 |
| Creditors after one year | USD 801,713,000 | USD 730,515,000 |
| Provisions | USD 40,638,000 | USD 3,288,000 |
| Cash flow | ||
| Cash from operations | USD 151,597,000 | USD 243,054,000 |
| Capital expenditure | USD 102,315,000 | USD 185,655,000 |
| People & pay | ||
| Staff costs | USD 56,613,000 | USD 59,945,000 |
| Wages & salaries | USD 44,823,000 | USD 48,775,000 |
| Social security costs | USD 8,253,000 | USD 7,819,000 |
| Pension costs | USD 3,537,000 | USD 3,351,000 |
| Directors' remuneration | USD 296,000 | USD 289,000 |
| 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.
- Audit opinion
- Clean (unmodified)
- Ultimate controlling party
- L. Pablo Pagano
- Accounts
- Full accounts · IFRS
- Approved
- 2026-09-03, signed by C Bottomley
Related parties (5)
- Class “C” shareholders of DESA subsidiaries · Shareholders · Group liabilities · $7k
- DESA · Related party · Company liabilities · $650k
- Tesnik Dos · Related party · Company liabilities · $335k
- DESA · Related party · Company liabilities · $650k
- Tesnik Dos · Related party · Company liabilities · $179k
Borrowings (2)
- Debt incurred before January 31, 2016 by all Distribution Companies — CAMMESA restructuring · annual ten per cent (10%) fixed nominal rate · ninety-three (93) consecutive, equal monthly installments; first installment due in January 2018
- Debt incurred in years 2020 and 2021 — EDESA / CAMMESA · $1,589k · a rate equal to 50% of the MEM prevailing rate · 89 monthly installments, the first due on 25 January 2023
Share classes (3)
- 1,184,210 Ordinary Shares of $10 each
- 2,987,271 A Shares of $10 each
- 3,328,519 B Shares of $10 each
Events after the year end (1)
- The Company reported that no subsequent events requiring recording or disclosure had occurred other than the events mentioned in Notes 23, 34 and 35.
Contingent liabilities (1)
- Certain proceedings related to employee, civil, commercial and other actions were considered contingent obligations, amounting to $836k at 31 December 2025; the Group did not recognize these contingent liabilities because it considered there was no likelihood of cash outflow.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesShow 2 satisfied / released
Fixed · created 2017-07-20 · satisfied 2025-09-03
—
SatisfiedFixed · created 2016-05-27 · satisfied 2017-07-28
—
Satisfied