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Company No. 10870671 · Incorporated 18 Jul 2017

UK Battery Storage Ltd

Registered name: UK BATTERY STORAGE LTD

Part of Gresham House Energy Storage Fund PLC group

UK Battery Storage Ltd made a £11.4m loss in the year to 31 Dec 2023 (revenue not disclosed).

UK Battery Storage Ltd reported a loss of £11.4m in the year to 31 Dec 2023; its revenue was not disclosed. It had 3 employees. The company is classified under “production of electricity” and is based in London; we hold 2 years of its filed accounts.

Profit onlySection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity
Status
Active
Location
London, London
Age
9 yrs · since 2017
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2023

Key figures

Small teamCash flow filed
Revenue
—
Not disclosed in filing
Profit
−£11.4m
Growth —
Profit margin
—
 
Employees
3
Change —
Profit / employee
−£3.8m
 
Profitable streak
0yrs
Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 2023
DisclosureProfit onlyProfit only
Profit & loss
Revenue (turnover)——
Profit before tax−£6.1m−£11.4m
Profit after tax−£6.1m−£11.4m
Profit (best available)−£6.1m−£11.4m
Employees (average)43
Ratios
Profit margin——
Profit per employee−£1.5m−£3.8m
Balance sheet — indirect signals, not revenue
Cash at bank£42.3k£45.2k
Net assets−£6.1m−£17.6m
Fixed assets£21.2m£94.6m
Current assets£103m£52.8m
Debtors£103m£1.3m
Deferred income£3.3m£14.7m
Cash from operations£3.4m£2m
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024
Derived from the latest filing

How the business works

Profit margin
—
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
−£3.8m
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
—
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
—
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
—
Now −£17.6m
Cash at bank
—
Now £45.2k
Headcount
—
Now 3
Deferred income
—
Now £14.7m
Fixed assets
—
Now £94.6m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Gresham House Energy Storage Fund PLCultimate parent75–100%
  2. Gresham House Energy Storage Holdings Limited75–100%
  3. Grid Holdco 1 Limited75–100%
  4. UK Battery Storage Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (23)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£11.4m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.