ORBITAL MARINE POWER (ORKNEY) PLCActive
Key figures
ORBITAL MARINE POWER (ORKNEY) PLC does not disclose its turnover in its latest accounts; the profit for the year is as stated in the accounts.
Ratios
2023Balance sheet structure
Filed accounts2022–2023
| 2022 | 2023 | |
|---|---|---|
| Turnover | 1,171,992 | — |
| Profit for the year | -209,300 | -1,803,239 |
| Cash at bank and in hand | 921,285 | 33,558 |
| Total assets | 1,984,531 | 1,153,394 |
| Total liabilities | 6,651,255 | 6,872,744 |
| Net assets / total equity | 5,721,200 | 3,917,961 |
| Average number of employees | 0 | 0 |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2023Beyond the UK, tidal stream energy is gathering momentum globally and represents a ~100GW market. Orbital is at the forefront of targeting development rights for a leadership position in this market, with Europe and North America as the initial focus owing to their significant tidal resources and revenue support mechanisms. The ambition is to have achieved a pipeline of commercial scale by 2025.
As described in the company's latest filed accounts.
Summary: ORBITAL MARINE POWER (ORKNEY) PLC
Company
ORBITAL MARINE POWER (ORKNEY) PLC is a public limited company registered with Companies House under company number SC609187. It was incorporated on 26 Sep 2018. Its status is active. The registered office is in Kirkwall (KW15). Its nature of business (SIC 2007) is production of electricity (35110).
Accounts
The latest accounts in the database are for 2023 (period ending 31 Dec 2023); the company files full accounts. Loss for the year was £1,803,239. Net assets were £3,917,961, down 31.5% on the previous year. Cash at bank and in hand was £33,558. Total assets were £1,153,394 and total liabilities £6,872,744. The company had an average of 0 employees. Figures are available for 2 financial years (2022–2023).
Control and charges
One person with significant control is registered. 4 of 6 registered charges are outstanding.
Filing deadlines
The next accounts are due by 30 Jun 2027. The next confirmation statement is due by 9 Oct 2026.