ORBITAL MARINE POWER LIMITED
Company number SC235066 · Monitor this company
Executive summary
Orbital Marine Power Limited is an innovative tidal energy technology company with promising long-term market potential but fundamentally unsound current finances for credit purposes. The company carries negative shareholders' funds of £37.9M, has seen cash decline 95% over two years to just £191K, and has an explicit going concern uncertainty from its auditors requiring additional funding within 12 months. While the business has secured valuable CfD contracts and government support, it remains pre-profit and entirely dependent on external capital to continue operations. Standard commercial credit facilities should be declined; any exposure would require government guarantees, strong security, and acceptance of venture-level risk.
Shareholders' funds
-£37,932,531
Balance sheet as at 2023-12-31
What it does
Pioneering technology
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2002-08-07
- Employees
- 38 (2023 accounts · was 36 in 2022)
- Registered office
- Innovation Centre - Orkney Hatston Pier Road, Crowness Business Park, Kirkwall, Orkney, KW15 1ZL
- Postcode
- KW15 1ZL
- Capital
- 146 GBP
- Accounts category
- Small
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-08-07
- Next due by
- 2027-08-21
Nature of business (SIC)
- 82990 Other business support service activities not elsewhere classified
Officers 9 current · 21 resigned
Group structure 6 subsidiaries
From persons-with-significant-control filings on the public register.
Data protection registration
Registered with the ICO as a data protection fee payer — ZA246554 (Tier 1), registered since 2017.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Contact details
- Website
- orbitalmarine.com
Orbital Marine Power is an innovative Scottish engineering company focused on the development of a low-cost, predictable, scalable floating tidal technology.
Previous company names
| Name | Date changed |
|---|---|
| SCOTRENEWABLES TIDAL POWER LIMITED | 2018-10-15 |
| SCOTRENEWABLES (MARINE POWER) LTD. | 2010-11-10 |
| SCOTTIDE LIMITED | 2004-10-01 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| C/O MR BARRY JOHNSTON, HILLSIDE OFFICE STROMNESS, ORKNEY, KW16 3HS, SCOTLAND | 2014-09-22 |
| KYUSHU, HILLSIDE ROAD, STROMNESS, ORKNEY, KW16 3HS | 2009-11-24 |
| ENFIELD, HILLSIDE ROAD, STROMNESS, ORKNEY KW16 3HS | 2006-02-21 |
Among its peers
The largest employer
of 35 similar companies in KW, with 38 staff. Among the oldest 25% of its local peers.
Competitors Thurso
This company ranks 46 among other business support service activities not elsewhere classified in Thurso.
The class of 2002
28%
of the 9,105 companies in this sector incorporated in 2002 are still active today; 70% have since been dissolved.
A fact about the year, not a forecast for this company.