Company Overview
Race Bank Wind Farm Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 16 January 2004, so this is a well established company. Race Bank Wind Farm Limited has been in business for 20 years and 4 months. The accounts status is full and the accounts are next due on Monday 30 September 2024.
Registered Address

5 Howick Place, London, SW1P 1WG
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Companies House Data
Company NameRACE BANK WIND FARM LIMITED
Company Number05017828
Registered Office Address5 Howick Place
 SW1P 1WG
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date16/01/2004
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2024
Accounts Last Made Up Date31/12/2022
Accounts Account CategoryFULL
Returns Next Due Date29/06/2017
Returns Last Made Up Date01/06/2016
Previous Company NameChanged Date
DONG ENERGY RB (UK) LIMITED15 Aug 2016
CENTRICA (RBW) LIMITED07 Jan 2014
Directors & Members
Show Resigned
Samuel Claxton - Director
(British, 36 years old, born November 1988)
Head Of Portfolio - Appointed 17 November 2020
 Active
Philip De Villiers - Director
(British, 49 years old, born July 1975)
Asset Manager - Appointed 01 June 2017
 Active
Jonathan Duffy - Director
(Irish, 47 years old, born May 1977)
Managing Director - Appointed 16 May 2019
 Active
Jacob Hjelm - Director
(Danish, 49 years old, born August 1975)
Company Director - Appointed 15 May 2020
 Active
David Murray - Director
(Irish, 41 years old, born February 1983)
Accountant - Appointed 16 August 2018
 Active
Felix Prechtel - Director
(German, 44 years old, born May 1980)
Company Director - Appointed 13 September 2023
 Active
Adam Schwarz - Director
(British,Australian, 51 years old, born July 1973)
Engineer - Appointed 11 August 2020
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Samuel Claxton
GUNFLEET SANDS HOLDING LTD
GUNFLEET SANDS II LIMITED
GUNFLEET SANDS LIMITED
LINCS WIND FARM (HOLDING) LIMITED
LINCS WIND FARM LIMITED
LONDON ARRAY LIMITED
ORSTED GUNFLEET SANDS DEMO LTD
ORSTED LINCS (UK) LTD
ORSTED LONDON ARRAY II LIMITED
ORSTED LONDON ARRAY LIMITED
ORSTED POWER (PARTICIPATION) LTD
ORSTED RACE BANK (HOLDING) LIMITED
ORSTED SCOTLAND RENEWABLES HOLDCO 1 LIMITED
ORSTED SCOTLAND RENEWABLES HOLDCO 2 LIMITED
ORSTED WESTERMOST ROUGH LIMITED
RACE BANK WIND FARM (HOLDING) LIMITED
RADIUS FREEHOLD LIMITED
WESTERMOST ROUGH (HOLDING) LIMITED
WESTERMOST ROUGH LIMITED
Philip De Villiers
GUNFLEET SANDS HOLDING LTD
GUNFLEET SANDS II LIMITED
GUNFLEET SANDS LIMITED
LINCS RENEWABLE ENERGY HOLDINGS LIMITED
LINCS WIND FARM (HOLDING) LIMITED
LONDON ARRAY LIMITED
ORSTED GUNFLEET SANDS DEMO LTD
ORSTED LINCS (UK) LTD
ORSTED LONDON ARRAY II LIMITED
ORSTED LONDON ARRAY LIMITED
ORSTED RACE BANK (HOLDING) LIMITED
ORSTED WESTERMOST ROUGH LIMITED
RACE BANK WIND FARM (HOLDING) LIMITED
WESTERMOST ROUGH (HOLDING) LIMITED
WESTERMOST ROUGH LIMITED
Jonathan Duffy
CLYDE SPV LIMITED
FIREBOLT RB HOLDINGS LIMITED
GALLOPER HOLDCO LIMITED
GALLOPER WIND FARM HOLDING COMPANY LIMITED
GALLOPER WIND FARM LIMITED
LINCS WIND FARM (HOLDING) LIMITED
LINCS WIND FARM LIMITED
NEW GREEN INTERIM HOLDCO LIMITED
OSW CO HOLDINGS 1 LIMITED
OSW CO HOLDINGS 2 LIMITED
OSW LP HOLDCO LIMITED
RACE BANK WIND FARM (HOLDING) LIMITED
RAMPION HOLDCO LIMITED
RAMPION INVESTCO LIMITED
RAMPION OFFSHORE WIND LIMITED
UK GREEN INVESTMENT GALLOPER LIMITED
UK GREEN INVESTMENT LYLE LIMITED
UK GREEN INVESTMENT RAMPION LIMITED
WMR HOLDCO LIMITED
WMR JV HOLDCO LIMITED
WMR JV INVESTCO LIMITED
Jacob Hjelm
HORNSEA 1 HOLDINGS LIMITED
HORNSEA 1 LIMITED
David Murray
BARROW OFFSHORE WIND LIMITED
BURBO EXTENSION HOLDING LTD
BURBO EXTENSION LTD
GUNFLEET SANDS HOLDING LTD
GUNFLEET SANDS II LIMITED
GUNFLEET SANDS LIMITED
LONDON ARRAY LIMITED
ORSTED BURBO (UK) LIMITED
ORSTED BURBO EXTENSION HOLDING LTD
ORSTED GUNFLEET SANDS DEMO LTD
ORSTED LONDON ARRAY II LIMITED
ORSTED LONDON ARRAY LIMITED
ORSTED POWER (GUNFLEET SANDS) LTD
ORSTED POWER (PARTICIPATION) LTD
ORSTED WEST OF DUDDON SANDS (UK) LIMITED
RACE BANK WIND FARM (HOLDING) LIMITED
WALNEY (UK) OFFSHORE WINDFARMS LIMITED
Felix Prechtel
No companies found
Adam Schwarz
NORGH HOLDING COMPANY LIMITED
RACE BANK WIND FARM (HOLDING) LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2016 31-Dec-2015
Balance Sheet
Fixed Assets 874,930,738 874,930,738 127,694,625
Current Assets 100,410,693 100,410,693 1,903,103
Creditors Due Within One Year 276,286,496 276,286,496 431,690
Working Cap -175,875,803 -175,875,803 1,471,413
Total Assets Less Current Liabilities 699,054,935 699,054,935 129,166,038
Long-term Liabilities 644,058,838 644,058,838 76,439,392
Net Assets 54,996,097 54,996,097 52,726,646
Share Capital & Reserves
Share Cap 32,245,932 32,245,932 32,245,932
Profit & Loss Reserves -7,735,664 -7,735,664 -6,519,286
Other Reserves 30,485,829 30,485,829 27,000,000
Shareholders Funds 54,996,097 54,996,097 52,726,646
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2016 31-Dec-2015
Tangible Fixed Assets - - -
Fixed Assets 89.7% 89.7% 98.5%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 0.0% 0.0% 0.0%
Cash Bank In Hand 9.5% 9.5% 0.0%
Current Assets 10.3% 10.3% 1.5%
Creditors Due Within One Year 28.3% 28.3% 0.3%
Net Current Assets Liabilities -18.0% -18.0% 1.1%
Creditors Due After One Year 66.0% 66.0% 59.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 5.6% 5.6% 40.7%
Called Up Share Capital 3.3% 3.3% 24.9%
Share Capital Allotted Called Up Paid 3.3% 3.3% 24.9%
Profit Loss Account Reserve -0.8% -0.8% -5.0%
Shareholder Funds 5.6% 5.6% 40.7%
Capital Employed - - -
Total Assets Less Current Liabilities 71.7% 71.7% 99.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2016 31-Dec-2015
Liquidity Ratio 0.4 0.4 4.4
Solvency Ratio 1.1 1.1 1.7
Reserves to Assets 0.0 0.0 -0.1
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2016 31-Dec-2015
Assets 975,341,431 975,341,431 129,597,728
Debt 920,345,334 920,345,334 76,871,082
Net Assets/Debt 54,996,097 54,996,097 52,726,646

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Statement of capital on 18 December 2023
Solvency Statement dated 12/12/23
Statement by Directors
Resolutions
Director's details changed for Jacob Hjelm on 16 November 2023
Termination of appointment of Christoph Friedrich Mertens as a director on 13 September 2023
Appointment of Dr Felix Hellmut Nicolai Prechtel as a director on 13 September 2023
Confirmation statement made on 1 June 2023 with no updates
Register(s) moved to registered office address 5 Howick Place London SW1P 1WG
Director's details changed for Mr David Murray on 1 August 2022
Confirmation statement made on 1 June 2022 with no updates
Confirmation statement made on 1 June 2021 with no updates
Termination of appointment of Erin Kate Eisenberg as a director on 23 February 2021
Appointment of Mr Samuel James Claxton as a director on 17 November 2020
Termination of appointment of Mairi Susan Dudley as a director on 6 November 2020
Resolutions
Appointment of Adam Paul Schwarz as a director on 11 August 2020
Termination of appointment of Anthony James Wort as a director on 11 August 2020
Register inspection address has been changed from Watson, Farley & Williams Llp 15, Appold Street London EC2A 2HB England to 9th Floor, 107 Cheapside London EC2V 6DN
Confirmation statement made on 1 June 2020 with no updates
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