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Race Bank Wind Farm (Holding) Limited

Production of electricity · London

ActiveUnited KingdomIncorporated 2016Private Limited Company
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Financial position

Accounts to 2025-12-31 · GBP · Group accounts

Net assets
—
Cash
£16,399,691
Turnover
£277,244,373
Profit / loss
£54,853,326
Current assets
£66,385,195
Creditors < 1 year
£21,962,833
Equity
£183,827,948
Average employees
Not available

Balance-sheet trend

GBP · consolidated

Financial statements

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures2025-12-31Group · AI-read2024-12-31Group · AI-read
Balance sheet
Equity£183,827,948£189,334,860
Share capital£24£24
Retained earnings−£183,827,924−£189,334,836
Assets
Fixed assets£1,140,318,385£1,210,327,220
Property, plant & equipment£1,140,318,385£1,210,327,220
Current assets£66,385,195£66,866,184
Cash at bank£16,399,691£16,514,796
Debtors£48,308,426£48,441,779
Liabilities
Creditors£1,022,875,632£1,087,858,544
Creditors within one year£21,962,833£31,051,125
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£62,017,573£58,096,588
Other operating income—£2,376,181
Operating profit£115,340,623£108,948,418
Interest receivable£1,174,153£1,515,483
Interest payable£44,695,906£46,907,568
Profit before tax£71,818,870£63,556,333
Tax£16,965,544£16,099,389
Profit / loss£54,853,326£47,456,944
Dividends£60,360,238£93,717,812
Cash flow
Cash from operations£170,457,035£181,005,765
Energy & carbon
Energy use3,561,806 kWh3,443,308 kWh
Greenhouse gas emissions689 t CO₂e758 t CO₂e
Source evidenceView 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 Race Bank Wind Farm (Holding) Limited (‘the company’) through its subsidiary Race Bank Wind Farm Limited (together ‘the group’) 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
generation of electricity · offshore wind technology · offshore wind farm · power sales · electricity (AI keywords)
The year
During the year the group continued electricity generation from its offshore site. Commercial generation is expected to continue until the end of the expected economic life of the wind farm, after which the wind farm assets will be decommissioned.
Outlook
Commercial generation is expected to continue until the end of the expected economic life of the wind farm, after which the wind farm assets will be decommissioned.
Auditor
PricewaterhouseCoopers LLP · senior statutory auditor Alexander Smith
Audit opinion
Clean (unmodified)
Immediate parent
Orsted Race Bank (Holding) Limited · England and Wales
Accounts
Full accounts
Approved
2026-06-26, signed by Samuel James Claxton
Related parties (12)
  • Race Bank Wind Farm Limited · subsidiary · Dividends received · (60,360,238)
  • Firebolt RB Holdings Limited · investor holding company · Dividends paid · 30,180,119
  • Orsted Race Bank (Holding) Limited · investor holding company · Dividends paid · 30,180,119
  • Other Orsted Group companies · related group companies · Trade and other receivables outstanding · 20
  • Firebolt RB Holdings Limited · investor holding company · Trade and other payables outstanding · (132,483)
  • Orsted Race Bank (Holding) Limited · investor holding company · Trade and other payables outstanding · (132,483)
  • Other Orsted Group companies · related group companies · Trade and other payables outstanding · (12,000)
  • Firebolt RB Holdings Limited · investor holding company · Dividends paid · 46,858,906
  • Orsted Race Bank (Holding) Limited · investor holding company · Dividends paid · 46,858,906
  • Race Bank Wind Farm Limited · subsidiary · Dividends treated as return of invested capital · (93,717,812)
  • Firebolt RB Holdings Limited · investor holding company · Trade and other payables outstanding · (132,483)
  • Orsted Race Bank (Holding) Limited · investor holding company · Trade and other payables outstanding · (132,483)
Directors' report (1)
  • Samuel James Claxton
Share classes (2)
  • 2,362,386,200 Ordinary shares of £0.000000010 each
  • 2,362,386,200 Ordinary shares of £0.000000010 each
Principal risks (4)
  • technical failures
  • regulatory changes
  • fluctuating market prices
  • non-compliance with statutory Health, Safety, and Environment (HSE) obligations
Events after the year end (2)
  • After the balance sheet date, an interim dividend of £33,281,132 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 charges
The Bank Of Tokyo-Mitsubishi Ufj, Ltd. As Security Trustee (The Security Trustee)
All Assets · created 2016-12-21
—
Outstanding