Offshore Renewable Energy Catapult

Offshore Renewable Energy Catapult

#04659351 Active
B2bServices

Established in 2013, the Offshore Renewable Energy Catapult is the UK's leading innovation centre focused on offshore renewable energy, driving innovation and supporting the growth of UK companies in this sector.

Founded: 07/02/2003
Industries: Other professional, scientific and technical activities n.e.c.
Location: Fife

Products

  • Innovation Projects
  • Research And Analysis Papers
  • Test Facilities For Offshore Renewable Energy Technologies

Services

  • Innovation
  • Research
  • Supply Chain Growth
  • Testing & Validation

Financial Snapshot

Last accounts made up to 31 March 2024
Next accounts due 31 December 2025 (7 months)
Cash in Bank £18.67m
↑ 34%
Turnover £40.95m
↓ -2%
EBITDA £8.39m
↓ -21%
Gross Profit £25.34m
↓ -2%
Total Liabilities £27.46m
↓ -1%
Employees 325
↑ 8%

Directors

Role:
Chief Executive
Appointed:
31/12/2024
Nationality:
British
Age:
48 years
Role:
Head Of Renewables
Appointed:
01/08/2024
Nationality:
Danish
Age:
39 years
Role:
Director
Appointed:
01/03/2022
Nationality:
British
Age:
52 years
Role:
Finance Director
Appointed:
24/06/2021
Nationality:
British
Age:
56 years
Role:
Director
Appointed:
01/06/2021
Nationality:
British
Age:
60 years
Role:
Non Executive Director
Appointed:
10/12/2020
Nationality:
British
Age:
60 years
Role:
Chartered Accountant
Appointed:
09/01/2020
Nationality:
British
Age:
50 years
Role:
Non-executive Director
Appointed:
01/01/2019
Nationality:
British
Age:
61 years
Role:
Non-executive Director
Appointed:
01/07/2018
Nationality:
Dutch
Age:
65 years

People with Significant Control

No active PSCs found
Mar 2024Mar 2023Mar 2022
Income Statement
Turnover
Export Revenue
Sales
Other Operating Income
Other Operating Items
Cost of Sales
Raw Materials & Consumables
Gross Profit
Admin Expenses
Other Operating Charges
Depreciation
R&D Expenses
Operating Profit
EBITDA
Financial Revenue
Financial Expenses
Financial Profit/Loss
Interest Paid
Extraordinary Revenue
Extraordinary Expenses
Net Extraordinary Items
Pre-Tax Profit
Tax
Profit After Tax
Retained Profit
Balance Sheet
Non-Current Assets
Intangible Assets
Tangible Fixed Assets
Other Non-Current Assets
Current Assets
Stock
Debtors
Cash in Hand
Other Current Assets
Called Up Share Capital
P&L Account Reserve
Shareholder Funds
Other Shareholder Funds
Provisions
Long Term Debt
Creditors (> 1 year)
Other Non-Current Liabilities
Short Term Debt
Creditors
Creditors (< 1 year)
Other Current Liabilities
Key Metrics
Net Assets
Net Current Assets
Total Assets Less Current Liabilities
Working Capital
Enterprise Value
Added Value
Cashflow Before D&A
Other Information
Staff Costs
Number of Employees
0 shareholders available
Shareholder 1
Shares:
Percentage:
Filing Date:
Shareholder 2
Shares:
Percentage:
Filing Date:
Shareholder 3
Shares:
Percentage:
Filing Date:

Charges

2 charges registered
Barclays Bank PLC Outstanding
Created 03/11/2015
#046593510002
One Northeast Outstanding
Created 08/04/2011

The l/h property known as site nos NE842/5, 6D, 7, 8, and 18 blade test facility and dry docks which...

Properties

3 properties
Regions
1
Freehold
0
Leasehold
3
NORTH

4 Ballast Hill, Blyth (NE24 2AU)

Leasehold NE24 2AU
Added 17/10/2011 NORTHUMBERLAND
NORTH

Offshore House, Blyth Harbour, Blyth

Leasehold
Added 22/12/2011 NORTHUMBERLAND
NORTH

Land at Blyth Harbour, Blyth

Leasehold
Added 20/05/2011 NORTHUMBERLAND
0 issuances recorded

Total Amount Raised (Valid Issuances)

Shares Issued (Valid Issuances)

Date CLASS
Shares Issued:
Price Per Share:
Amount Raised:
Filing:
Date CLASS
Shares Issued:
Price Per Share:
Amount Raised:
Filing:

Grants

Total grant funding received: £23,458,962.76

Department for Business, Energy and Industrial Strategy
£20,735,000.00

Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=160079

Date Awarded:
01/04/2022
Programme:
UKRI - Innovate UK - Scheme 22/23
Department for Business, Energy and Industrial Strategy
£209,091.18

Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=900228

Date Awarded:
01/04/2022
Programme:
UKRI - Innovate UK - Scheme 22/23
Department for Business, Energy and Industrial Strategy
£179,739.75

Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10004725

Date Awarded:
01/04/2022
Programme:
UKRI - Innovate UK - Scheme 22/23
Department for Business, Energy and Industrial Strategy
£123,111.30

Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10012626

Date Awarded:
01/04/2022
Programme:
UKRI - ISCF - Scheme 22/23
Department for Business, Energy and Industrial Strategy
£95,798.44

Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=10040815

Date Awarded:
01/04/2022
Programme:
UKRI - Innovate UK - Scheme 22/23

Group Structure

Government Council Contracts Beta

No council contracts found

Company Filings

03/04/2025 Officers

Termination Director Company With Name Termination Date

13/02/2025 Confirmation Statement

Confirmation Statement With No Updates

08/01/2025 Officers

Appoint Person Director Company With Name Date

01/08/2024 Officers

Appoint Person Director Company With Name Date

10/07/2024 Officers

Termination Director Company With Name Termination Date

03/07/2024 Accounts

Accounts With Accounts Type Group

03/06/2024 Officers

Termination Director Company With Name Termination Date