Orbital Marine Power

Other business support service activities n.e.c. · Kirkwall, Orkney

Orbital Marine Power

Orbital Marine Power Limited

Photo: S.clarkorbital · CC BY-SA 4.0
Losses 3 years runningCash down 93%ActiveLatest figures: 2023Filed as a small companyCompany only24 years on the register

Private limited company registered in Kirkwall, classed under “Other business support service activities n.e.c.”.

Headline figures

FY to Dec 2023 · Company only

Turnover

For subscribers

Profit after tax

−£4.43m

Net assets

For subscribers

Cash

For subscribers

Employees

For subscribers

Retained reserves

For subscribers

What the numbers say

4 findings from the figures, in plain English

Written by rules from the figures on this page. Not a forecast or a credit opinion.

History

Pro
£202120222023
Profit after tax−£4.43m
Turnover
Net assets
Cash
Employees
Retained reserves

Every figure for all 3 years

“—” means we did not find the figure in a source; it is never filled with an estimate.

Balance sheet and ratios

From the filed balance sheets · £

Balance sheet202120222023
Fixed assets
Current assets
of which debtors
of which cash
Creditors due within a year
Net current assets
Net assets
Ratios
Return on equityProfit after tax as a share of net assets
Current ratioCurrent assets for every £1 owed within a year
Cash ratioCash for every £1 owed within a year
Creditors to assetsEverything owed to creditors as a share of fixed plus current assets

7 balance-sheet lines and 4 ratios, every year

A ratio appears only for years where every line it needs was filed. Lines are as tagged in the accounts; nothing is added up or estimated.

Timeline

Checked 2026-10-29

  1. Directors
    Termination of appointment of Andrew Heggie Scott as a director on 29 September 2026
  2. Directors
    Appointment of Mr Ian David Douglas as a director on 1 September 2026
  3. Accounts
    Accounts for a small company made up to 31 December 2025
  4. Charges
    Satisfaction of charge SC2350660012 in full
  5. Charges
    Satisfaction of charge SC2350660016 in full
  6. Charges
    Satisfaction of charge SC2350660017 in full
  7. Charges
    Satisfaction of charge SC2350660015 in full
  8. Charges
    Satisfaction of charge SC2350660011 in full
  9. Ownership
    Notification of Scottish Enterprise as a person with significant control on 23 October 2025
  10. Ownership
    Cessation of Matthew Mcgrath as a person with significant control on 23 October 2025
  11. Directors
    Appointment of Gerald Koch as a director on 1 January 2026
  12. Directors
    Appointment of Ronald Bonnar as a director on 12 February 2026
  13. 26 earlier
    1. Accounts
      Accounts for a small company made up to 31 December 2024
    2. Charges
      Satisfaction of charge SC2350660015 in part
    3. Charges
      Satisfaction of charge SC2350660019 in full
    4. Charges
      Satisfaction of charge SC2350660011 in part
    5. Charges
      Satisfaction of charge SC2350660020 in full
    6. Charges
      Satisfaction of charge SC2350660021 in full
    7. Charges
      Satisfaction of charge SC2350660016 in part
    8. Charges
      Satisfaction of charge SC2350660013 in full
    9. Charges
      Satisfaction of charge SC2350660018 in full
    10. Charges
      Satisfaction of charge SC2350660006 in full
    11. Charges
      Satisfaction of charge SC2350660014 in full
    12. Charges
      Satisfaction of charge SC2350660007 in full
    13. Charges
      Satisfaction of charge SC2350660022 in full
    14. Charges
      Satisfaction of charge SC2350660017 in part
    15. Shares
      Particulars of variation of rights attached to shares (and 1 more like it since 5 November 2025)
    16. Shares
      Change of share class name or designation
    17. Filing
      Memorandum and Articles of Association (and 1 more like it since 7 October 2024)
    18. Filing
      Resolutions (and 4 more like it since 19 November 2021)
    19. Name
      Replacement filing of SH01 - 23/10/25 Statement of Capital gbp 183856.04
    20. Filing
      Replacement filing of SH01 - 23/10/25 Statement of Capital gbp 76591.77 (and 1 more like it since 23 October 2025)
    21. Directors
      Termination of appointment of Matthew Mcgrath as a director on 23 October 2025
    22. Directors
      Appointment of Mr Christopher David Milne as a director on 23 October 2025
    23. Shares
      Statement of capital following an allotment of shares on 23 October 2025 · GBP 183,856.04 (and 3 more like it since 14 January 2022)
    24. Directors
      Appointment of Justin James Rounce as a director on 3 October 2024
    25. Directors
      Termination of appointment of Paul Richard Smith as a director on 1 October 2024
    26. Accounts
      Full accounts made up to 31 December 2023

From the Companies House filing history. Routine confirmation statements are left out, and a run of the same filing is shown once.

Questions people ask

›What does Orbital Marine Power do?

Private limited company registered in Kirkwall, classed under “Other business support service activities n.e.c.”. In its own words: “Orbital Marine Power is an innovative Scottish engineering company focused on the development of a low-cost, predictable, scalable floating tidal technology.”

›How much turnover does Orbital Marine Power make?

Answered in the full report

›Is Orbital Marine Power profitable?

No: it made a loss after tax of £4.43m in the year to 31 December 2023, its latest filed accounts.

›How many people work at Orbital Marine Power?

Answered in the full report

›Who runs and owns Orbital Marine Power?

Its directors are Brodies Secretarial Services Limited, Ronald Bonnar, Luana De Brito Costa Duff, Ian David Douglas, Sian Lee George and 4 more. Its owners are shown to subscribers.

›Where is Orbital Marine Power based?

Its registered office is Innovation Centre - Orkney Hatston Pier Road, Crowness Business Park, Kirkwall, Orkney, KW15 1ZL, in Kirkwall, Orkney.

›When was Orbital Marine Power founded?

Orbital Marine Power Limited was incorporated on 7 August 2002.

›Is Orbital Marine Power still trading?

The register lists Orbital Marine Power Limited as active.