ovo (s) electricity limited
ovo (s) electricity limited Company Information
Company Number
04094263
Website
https://www.ovoenergy.comRegistered Address
1 rivergate temple quay, bristol, BS1 6ED
Industry
Distribution of electricity
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ovo (s) energy services limited 100%
ovo (s) electricity limited Estimated Valuation
Pomanda estimates the enterprise value of OVO (S) ELECTRICITY LIMITED at £907.9m based on a Turnover of £530.6m and 1.71x industry multiple (adjusted for size and gross margin).
ovo (s) electricity limited Estimated Valuation
Pomanda estimates the enterprise value of OVO (S) ELECTRICITY LIMITED at £1.9b based on an EBITDA of £351.2m and a 5.43x industry multiple (adjusted for size and gross margin).
ovo (s) electricity limited Estimated Valuation
Pomanda estimates the enterprise value of OVO (S) ELECTRICITY LIMITED at £0 based on Net Assets of £0 and 2.74x industry multiple (adjusted for liquidity).
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Ovo (s) Electricity Limited Overview
Ovo (s) Electricity Limited is a live company located in bristol, BS1 6ED with a Companies House number of 04094263. It operates in the distribution of electricity sector, SIC Code 35130. Founded in October 2000, it's largest shareholder is ovo (s) energy services limited with a 100% stake. Ovo (s) Electricity Limited is a mature, mega sized company, Pomanda has estimated its turnover at £530.6m with declining growth in recent years.
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Ovo (s) Electricity Limited Health Check
Pomanda's financial health check has awarded Ovo (S) Electricity Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
2 Weak
Size
annual sales of £530.6m, make it larger than the average company (£14.5m)
£530.6m - Ovo (s) Electricity Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -38%, show it is growing at a slower rate (6.1%)
-38% - Ovo (s) Electricity Limited
6.1% - Industry AVG
Production
with a gross margin of 10.7%, this company has a higher cost of product (35.8%)
10.7% - Ovo (s) Electricity Limited
35.8% - Industry AVG
Profitability
an operating margin of 65.3% make it more profitable than the average company (28%)
65.3% - Ovo (s) Electricity Limited
28% - Industry AVG
Employees
with 611 employees, this is above the industry average (397)
611 - Ovo (s) Electricity Limited
397 - Industry AVG
Pay Structure
on an average salary of £44.2k, the company has a lower pay structure (£64.3k)
£44.2k - Ovo (s) Electricity Limited
£64.3k - Industry AVG
Efficiency
resulting in sales per employee of £868.4k, this is more efficient (£410.8k)
£868.4k - Ovo (s) Electricity Limited
£410.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ovo (s) Electricity Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ovo (s) Electricity Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ovo (s) Electricity Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ovo (s) Electricity Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Ovo (s) Electricity Limited
- - Industry AVG
OVO (S) ELECTRICITY LIMITED financials
Ovo (S) Electricity Limited's latest turnover from December 2022 is £530.6 million and the company has net assets of 0. According to their latest financial statements, Ovo (S) Electricity Limited has 611 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 530,600,000 | 2,300,400,000 | 1,565,000,000 | 2,252,400,000 | 2,223,900,000 | 0 | 0 | |||||||
| Other Income Or Grants | 0 | -10,800,000 | 1,200,000 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 474,100,000 | 1,957,300,000 | 1,350,300,000 | 1,979,200,000 | 1,975,700,000 | 0 | 0 | |||||||
| Gross Profit | 56,500,000 | 332,300,000 | 215,900,000 | 273,200,000 | 248,200,000 | 0 | 0 | |||||||
| Admin Expenses | -289,900,000 | 263,900,000 | 201,900,000 | 655,200,000 | 332,700,000 | 0 | 0 | |||||||
| Operating Profit | 346,400,000 | 68,400,000 | 14,000,000 | -382,000,000 | -84,500,000 | 0 | 0 | |||||||
| Interest Payable | 500,000 | 3,500,000 | 4,400,000 | 3,500,000 | 5,500,000 | 0 | 0 | |||||||
| Interest Receivable | 0 | 200,000 | 300,000 | 2,000,000 | 0 | 0 | ||||||||
| Pre-Tax Profit | 345,900,000 | 65,100,000 | 9,900,000 | -383,500,000 | -86,900,000 | 0 | 0 | |||||||
| Tax | -2,100,000 | 16,000,000 | -1,900,000 | 73,000,000 | 13,600,000 | 0 | 0 | |||||||
| Profit After Tax | 343,800,000 | 81,100,000 | 8,000,000 | -310,500,000 | -73,300,000 | 0 | 0 | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Retained Profit | 343,800,000 | 81,100,000 | 8,000,000 | -310,500,000 | -73,300,000 | 0 | 0 | |||||||
| Employee Costs | 27,000,000 | 124,500,000 | 96,100,000 | 166,500,000 | 166,400,000 | 0 | 0 | |||||||
| Number Of Employees | 611 | 2,690 | 2,962 | 4,099 | ||||||||||
| EBITDA* | 351,200,000 | 92,700,000 | 30,000,000 | -339,500,000 | -83,100,000 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 12,500,000 | 15,500,000 | 25,100,000 | 485,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 54,500,000 | 63,400,000 | 64,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 138,900,000 | 103,800,000 | 115,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 205,900,000 | 182,700,000 | 205,100,000 | 485,100,000 | 0 | 51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 20,800,000 | 8,200,000 | 200,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 377,200,000 | 511,600,000 | 337,700,000 | 171,700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 30,300,000 | 1,800,000 | 0 | 103,786 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 132,900,000 | 160,500,000 | 415,800,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 2,900,000 | 92,700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 530,900,000 | 710,600,000 | 758,400,000 | 685,300,000 | 100,000 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 0 | 736,800,000 | 893,300,000 | 963,500,000 | 1,170,400,000 | 100,000 | 52 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 14,000,000 | 39,400,000 | 20,600,000 | 10,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 622,200,000 | 725,700,000 | 736,700,000 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 7,900,000 | 0 | 0 | 263,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 5,100,000 | 5,100,000 | 4,700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 367,000,000 | 466,200,000 | 552,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 1,016,200,000 | 1,236,400,000 | 1,314,500,000 | 1,039,600,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 1,200,000 | 21,100,000 | 0 | 0 | 51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 14,000,000 | 19,400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 50,400,000 | 68,700,000 | 61,900,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 64,400,000 | 89,300,000 | 83,000,000 | 201,600,000 | 0 | 51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 0 | 1,080,600,000 | 1,325,700,000 | 1,397,500,000 | 1,241,200,000 | 100,000 | 51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 0 | -343,800,000 | -432,400,000 | -434,000,000 | -70,800,000 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 0 | -343,800,000 | -432,400,000 | -434,000,000 | -70,800,000 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 346,400,000 | 68,400,000 | 14,000,000 | -382,000,000 | -84,500,000 | 0 | 0 | |||||||
| Depreciation | 1,200,000 | 5,600,000 | 2,800,000 | 5,700,000 | 1,400,000 | 0 | 0 | |||||||
| Amortisation | 3,600,000 | 18,700,000 | 13,200,000 | 36,800,000 | 0 | 0 | ||||||||
| Tax | -2,100,000 | 16,000,000 | -1,900,000 | 73,000,000 | 13,600,000 | 0 | 0 | |||||||
| Stock | -20,800,000 | 12,600,000 | 8,000,000 | 0 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -649,000,000 | -157,200,000 | 634,500,000 | 699,100,000 | 171,596,214 | 103,785 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -14,000,000 | -25,400,000 | 29,300,000 | 10,500,000 | 10,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -367,000,000 | -99,200,000 | 466,200,000 | 552,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -50,400,000 | -18,300,000 | 68,700,000 | 61,900,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 587,500,000 | 110,400,000 | -50,200,000 | -340,700,000 | -103,785 | -1 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -51 | 51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -622,200,000 | -103,500,000 | 725,700,000 | 736,700,000 | -100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -7,900,000 | 7,900,000 | -263,200,000 | -263,200,000 | 263,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -1,200,000 | 1,200,000 | 21,100,000 | 0 | -51 | 51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -19,100,000 | -5,400,000 | 24,500,000 | 4,700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -500,000 | -3,300,000 | -4,100,000 | -1,500,000 | 0 | 0 | ||||||||
| cash flow from financing | -649,700,000 | -98,000,000 | 114,500,000 | 445,100,000 | 99,948 | 52 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | -92,700,000 | -89,800,000 | 92,700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -92,700,000 | -89,800,000 | 92,700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ovo (s) electricity limited Credit Report and Business Information
Ovo (s) Electricity Limited Competitor Analysis
Perform a competitor analysis for ovo (s) electricity limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ovo (s) electricity limited Ownership
OVO (S) ELECTRICITY LIMITED group structure
Ovo (S) Electricity Limited has no subsidiary companies.
Ultimate parent company
2 parents
OVO (S) ELECTRICITY LIMITED
04094263
ovo (s) electricity limited directors
Ovo (S) Electricity Limited currently has 2 directors. The longest serving directors include Mr Vincent Casey (Jan 2020) and Mr David Buttress (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vincent Casey | England | 41 years | Jan 2020 | - | Director |
| Mr David Buttress | 48 years | May 2024 | - | Director |
P&L
December 2022turnover
530.6m
-77%
operating profit
346.4m
+406%
gross margin
10.7%
-26.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
0
-1%
total assets
0
-1%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ovo (s) electricity limited company details
company number
04094263
Type
Private limited with Share Capital
industry
35130 - Distribution of electricity
incorporation date
October 2000
age
24
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
sse electricity limited (January 2020)
south wales electricity limited (February 2018)
See moreincorporated
UK
address
1 rivergate temple quay, bristol, BS1 6ED
last accounts submitted
December 2022
ovo (s) electricity limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to ovo (s) electricity limited. Currently there are 3 open charges and 0 have been satisfied in the past.
ovo (s) electricity limited Companies House Filings - See Documents
| date | description | view/download |
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