ovo energy ltd
ovo energy ltd Company Information
Company Number
06890795
Website
www.ovoenergy.comRegistered Address
1 rivergate, temple quay, bristol, BS1 6ED
Industry
Other retail sale not in stores, stalls or markets
Telephone
01738456000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ovo finance ltd 100%
ovo energy ltd Estimated Valuation
Pomanda estimates the enterprise value of OVO ENERGY LTD at £2.1b based on a Turnover of £5b and 0.42x industry multiple (adjusted for size and gross margin).
ovo energy ltd Estimated Valuation
Pomanda estimates the enterprise value of OVO ENERGY LTD at £0 based on an EBITDA of £-1.6b and a 4.41x industry multiple (adjusted for size and gross margin).
ovo energy ltd Estimated Valuation
Pomanda estimates the enterprise value of OVO ENERGY LTD at £0 based on Net Assets of £-1.6b and 2.05x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ovo Energy Ltd Overview
Ovo Energy Ltd is a live company located in bristol, BS1 6ED with a Companies House number of 06890795. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in April 2009, it's largest shareholder is ovo finance ltd with a 100% stake. Ovo Energy Ltd is a established, mega sized company, Pomanda has estimated its turnover at £5b with rapid growth in recent years.
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Ovo Energy Ltd Health Check
Pomanda's financial health check has awarded Ovo Energy Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £5b, make it larger than the average company (£1.5m)
£5b - Ovo Energy Ltd
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 64%, show it is growing at a faster rate (4%)
64% - Ovo Energy Ltd
4% - Industry AVG
Production
with a gross margin of 7.7%, this company has a higher cost of product (31%)
7.7% - Ovo Energy Ltd
31% - Industry AVG
Profitability
an operating margin of -31.4% make it less profitable than the average company (5.8%)
-31.4% - Ovo Energy Ltd
5.8% - Industry AVG
Employees
with 3787 employees, this is above the industry average (15)
3787 - Ovo Energy Ltd
15 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has a higher pay structure (£35.2k)
£51.5k - Ovo Energy Ltd
£35.2k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£219.5k)
£1.3m - Ovo Energy Ltd
£219.5k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (36 days)
46 days - Ovo Energy Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is quicker than average (37 days)
30 days - Ovo Energy Ltd
37 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (69 days)
2 days - Ovo Energy Ltd
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (20 weeks)
4 weeks - Ovo Energy Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 154.6%, this is a higher level of debt than the average (65.4%)
154.6% - Ovo Energy Ltd
65.4% - Industry AVG
OVO ENERGY LTD financials
Ovo Energy Ltd's latest turnover from December 2022 is £5 billion and the company has net assets of -£1.6 billion. According to their latest financial statements, Ovo Energy Ltd has 3,787 employees and maintains cash reserves of £379 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,044,000,000 | 960,000,000 | 932,000,000 | 1,144,076,000 | 936,417,000 | 762,521,000 | 685,203,000 | 512,427,000 | 319,302,000 | 171,678,000 | 102,940,000 | 25,374,000 | 37,463,000 | 10,315,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,657,000,000 | 861,000,000 | 884,000,000 | 1,059,528,000 | 865,640,000 | 637,120,000 | 588,475,000 | 468,245,000 | 295,433,000 | 153,104,000 | 91,440,000 | 25,746,000 | 33,458,000 | 8,609,000 |
| Gross Profit | 387,000,000 | 99,000,000 | 48,000,000 | 84,548,000 | 70,777,000 | 125,401,000 | 96,728,000 | 44,182,000 | 23,869,000 | 18,574,000 | 11,500,000 | -372,000 | 4,005,000 | 1,706,000 |
| Admin Expenses | 1,969,000,000 | -268,000,000 | 286,000,000 | 141,594,000 | 124,230,000 | 119,561,000 | 113,528,000 | 78,954,000 | 56,959,000 | 18,670,000 | 13,527,000 | 4,815,000 | 5,202,000 | 2,243,000 |
| Operating Profit | -1,582,000,000 | 367,000,000 | -238,000,000 | -57,046,000 | -53,453,000 | 5,840,000 | -16,800,000 | -34,772,000 | -33,090,000 | -96,000 | -2,027,000 | -5,187,000 | -1,197,000 | -537,000 |
| Interest Payable | 75,000,000 | 55,000,000 | 55,000,000 | 2,747,000 | 1,502,000 | 1,543,000 | 2,079,000 | 0 | 3,453,000 | 25,000 | 263,000 | 46,000 | 49,000 | 89,000 |
| Interest Receivable | 13,000,000 | 4,000,000 | 1,000,000 | 357,000 | 243,000 | 213,000 | 120,000 | 631,000 | 812,000 | 40,000 | 2,000 | 2,000 | 6,000 | 56,000 |
| Pre-Tax Profit | -1,644,000,000 | 316,000,000 | -292,000,000 | -59,436,000 | -54,712,000 | 4,510,000 | -18,759,000 | -34,091,000 | -35,731,000 | -81,000 | -2,288,000 | -5,231,000 | -1,240,000 | -570,000 |
| Tax | 371,000,000 | -37,000,000 | 37,000,000 | -4,423,000 | 9,080,000 | -1,274,000 | 1,876,000 | 3,966,000 | 7,308,000 | -179,000 | 216,000 | 1,516,000 | 0 | 0 |
| Profit After Tax | -1,273,000,000 | 279,000,000 | -255,000,000 | -63,859,000 | -45,632,000 | 3,236,000 | -16,883,000 | -30,125,000 | -28,423,000 | -260,000 | -2,072,000 | -3,715,000 | -1,240,000 | -570,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,000 |
| Retained Profit | -1,273,000,000 | 279,000,000 | -255,000,000 | -63,859,000 | -45,632,000 | 3,236,000 | -16,883,000 | -30,125,000 | -28,423,000 | -260,000 | -2,072,000 | -3,715,000 | -1,240,000 | -740,000 |
| Employee Costs | 195,000,000 | 67,000,000 | 49,000,000 | 43,712,000 | 47,304,000 | 43,075,000 | 37,486,000 | 28,114,000 | 18,619,000 | 9,374,000 | 5,669,000 | 1,673,000 | 1,728,000 | 501,000 |
| Number Of Employees | 3,787 | 1,214 | 1,082 | 1,031 | 1,112 | 1,099 | 1,092 | 982 | 452 | 247 | 161 | 100 | 50 | 44 |
| EBITDA* | -1,554,000,000 | 376,000,000 | -229,000,000 | -47,755,000 | -48,107,000 | 15,885,000 | -6,755,000 | -28,990,000 | -30,550,000 | 978,000 | -1,308,000 | -4,955,000 | -909,000 | -476,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 46,000,000 | 16,000,000 | 17,000,000 | 32,515,000 | 23,611,000 | 16,047,000 | 18,554,000 | 16,934,000 | 13,970,000 | 2,331,000 | 2,198,000 | 255,000 | 265,000 | 63,000 |
| Intangible Assets | 69,000,000 | 20,000,000 | 16,000,000 | 20,507,000 | 3,633,000 | 6,811,000 | 8,269,000 | 8,063,000 | 5,552,000 | 1,854,000 | 1,252,000 | 945,000 | 570,000 | 218,000 |
| Investments & Other | 428,000,000 | 428,000,000 | 428,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 554,000,000 | 67,000,000 | 0 | 14,301,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,097,000,000 | 531,000,000 | 461,000,000 | 53,022,000 | 27,244,000 | 22,858,000 | 26,823,000 | 24,997,000 | 19,522,000 | 4,185,000 | 3,450,000 | 1,200,000 | 835,000 | 281,000 |
| Stock & work in progress | 34,000,000 | 0 | 0 | 1,178,000 | 0 | 0 | 0 | 78,000 | 1,102,000 | 0 | 823,000 | 1,046,000 | 869,000 | 519,000 |
| Trade Debtors | 642,000,000 | 80,000,000 | 36,000,000 | 51,262,000 | 33,243,000 | 38,676,000 | 36,254,000 | 24,045,000 | 17,859,000 | 5,242,000 | 7,920,000 | 563,000 | 1,361,000 | 369,000 |
| Group Debtors | 378,000,000 | 128,000,000 | 658,000,000 | 75,110,000 | 34,328,000 | 32,275,000 | 10,863,000 | 3,987,000 | 12,686,000 | 2,873,000 | 0 | 0 | 16,026,000 | 2,979,000 |
| Misc Debtors | 394,000,000 | 622,000,000 | 104,000,000 | 24,782,000 | 16,232,000 | 15,956,000 | 6,697,000 | 7,270,000 | 12,315,000 | 10,751,000 | 6,234,000 | 4,083,000 | 3,538,000 | 1,787,000 |
| Cash | 379,000,000 | 40,000,000 | 35,000,000 | 19,825,000 | 76,918,000 | 50,526,000 | 25,944,000 | 45,669,000 | 29,618,000 | 8,393,000 | 2,022,000 | 884,000 | 784,000 | 306,000 |
| misc current assets | 0 | 0 | 0 | 0 | 962,000 | 0 | 0 | 0 | 0 | 0 | 317,000 | 1,925,000 | 470,000 | 0 |
| total current assets | 1,827,000,000 | 870,000,000 | 833,000,000 | 174,291,000 | 161,683,000 | 137,433,000 | 79,758,000 | 81,049,000 | 73,580,000 | 27,259,000 | 17,316,000 | 8,501,000 | 23,048,000 | 5,960,000 |
| total assets | 2,924,000,000 | 1,401,000,000 | 1,294,000,000 | 227,313,000 | 188,927,000 | 160,291,000 | 106,581,000 | 106,046,000 | 93,102,000 | 31,444,000 | 20,766,000 | 9,701,000 | 23,883,000 | 6,241,000 |
| 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 | 383,000,000 | 259,000,000 | 179,000,000 | 99,216,000 | 2,295,000 | 53,225,000 | 30,584,000 | 29,216,000 | 11,810,000 | 2,791,000 | 569,000 | 3,289,000 | 394,000 | 528,000 |
| Group/Directors Accounts | 1,361,000,000 | 604,000,000 | 1,047,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 1,054,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 9,000,000 | 3,000,000 | 2,000,000 | 607,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,618,000,000 | 561,000,000 | 490,000,000 | 299,414,000 | 310,605,000 | 185,609,000 | 158,397,000 | 142,865,000 | 117,540,000 | 36,627,000 | 27,912,000 | 12,056,000 | 25,419,000 | 6,403,000 |
| total current liabilities | 4,425,000,000 | 1,427,000,000 | 1,718,000,000 | 399,237,000 | 312,900,000 | 238,834,000 | 188,981,000 | 172,081,000 | 129,350,000 | 39,418,000 | 28,481,000 | 15,345,000 | 25,813,000 | 6,931,000 |
| loans | 18,000,000 | 39,000,000 | 0 | 31,386,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 34,000,000 | 13,000,000 | 16,000,000 | 15,693,000 | 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 | 43,000,000 | 86,000,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 95,000,000 | 138,000,000 | 19,000,000 | 15,693,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,520,000,000 | 1,565,000,000 | 1,737,000,000 | 414,930,000 | 312,900,000 | 238,834,000 | 188,981,000 | 172,081,000 | 129,350,000 | 39,418,000 | 28,481,000 | 15,345,000 | 25,813,000 | 6,931,000 |
| net assets | -1,596,000,000 | -164,000,000 | -443,000,000 | -187,617,000 | -123,973,000 | -78,543,000 | -82,400,000 | -66,035,000 | -36,248,000 | -7,974,000 | -7,715,000 | -5,644,000 | -1,930,000 | -690,000 |
| total shareholders funds | -1,596,000,000 | -164,000,000 | -443,000,000 | -187,617,000 | -123,973,000 | -78,543,000 | -82,400,000 | -66,035,000 | -36,248,000 | -7,974,000 | -7,715,000 | -5,644,000 | -1,930,000 | -690,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,582,000,000 | 367,000,000 | -238,000,000 | -57,046,000 | -53,453,000 | 5,840,000 | -16,800,000 | -34,772,000 | -33,090,000 | -96,000 | -2,027,000 | -5,187,000 | -1,197,000 | -537,000 |
| Depreciation | 3,000,000 | 4,000,000 | 4,000,000 | 3,126,000 | 1,641,000 | 2,780,000 | 2,780,000 | 2,424,000 | 829,000 | 392,000 | 218,000 | 68,000 | 110,000 | 31,000 |
| Amortisation | 25,000,000 | 5,000,000 | 5,000,000 | 6,165,000 | 3,705,000 | 7,265,000 | 7,265,000 | 3,358,000 | 1,711,000 | 682,000 | 501,000 | 164,000 | 178,000 | 30,000 |
| Tax | 371,000,000 | -37,000,000 | 37,000,000 | -4,423,000 | 9,080,000 | -1,274,000 | 1,876,000 | 3,966,000 | 7,308,000 | -179,000 | 216,000 | 1,516,000 | 0 | 0 |
| Stock | 34,000,000 | 0 | -1,178,000 | 1,178,000 | 0 | 0 | -78,000 | -1,024,000 | 1,102,000 | -823,000 | -223,000 | 527,000 | 350,000 | 519,000 |
| Debtors | 1,071,000,000 | 99,000,000 | 632,545,000 | 81,652,000 | -3,104,000 | 33,093,000 | 18,512,000 | -7,558,000 | 23,994,000 | 4,712,000 | 9,508,000 | -489,000 | 15,790,000 | 5,135,000 |
| Creditors | 124,000,000 | 80,000,000 | 79,784,000 | 96,921,000 | -50,930,000 | 22,641,000 | 1,368,000 | 17,406,000 | 9,019,000 | 2,222,000 | -2,720,000 | 2,761,000 | -134,000 | 528,000 |
| Accruals and Deferred Income | 1,057,000,000 | 71,000,000 | 190,586,000 | -11,191,000 | 124,996,000 | 27,212,000 | 15,532,000 | 25,325,000 | 80,913,000 | 8,715,000 | 15,856,000 | 5,653,000 | 19,016,000 | 6,403,000 |
| Deferred Taxes & Provisions | -43,000,000 | 83,000,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,150,000,000 | 474,000,000 | -549,997,000 | -49,278,000 | 38,143,000 | 31,371,000 | -6,413,000 | 26,289,000 | 41,594,000 | 7,847,000 | 2,759,000 | 4,937,000 | 1,833,000 | 801,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 428,000,000 | 0 | 0 | 0 | 0 | 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 | 757,000,000 | -443,000,000 | 1,047,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 1,054,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -21,000,000 | 39,000,000 | -31,386,000 | 31,386,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 27,000,000 | -2,000,000 | 1,700,000 | 16,300,000 | 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 | -62,000,000 | -51,000,000 | -54,000,000 | -2,390,000 | -1,259,000 | -1,330,000 | -1,959,000 | 631,000 | -2,641,000 | 15,000 | -261,000 | -44,000 | -43,000 | -33,000 |
| cash flow from financing | 1,596,000,000 | -457,000,000 | 962,931,000 | 45,511,000 | -1,057,000 | -709,000 | -1,441,000 | 969,000 | -2,492,000 | 16,000 | -260,000 | -1,283,000 | -43,000 | 17,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 339,000,000 | 5,000,000 | 15,175,000 | -57,093,000 | 26,392,000 | 24,582,000 | -19,725,000 | 16,051,000 | 21,225,000 | 6,371,000 | 1,138,000 | 578,000 | 478,000 | 306,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 339,000,000 | 5,000,000 | 15,175,000 | -57,093,000 | 26,392,000 | 24,582,000 | -19,725,000 | 16,051,000 | 21,225,000 | 6,371,000 | 1,138,000 | 578,000 | 478,000 | 306,000 |
ovo energy ltd Credit Report and Business Information
Ovo Energy Ltd Competitor Analysis
Perform a competitor analysis for ovo energy ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ovo energy ltd Ownership
OVO ENERGY LTD group structure
Ovo Energy Ltd has 7 subsidiary companies.
Ultimate parent company
2 parents
OVO ENERGY LTD
06890795
7 subsidiaries
ovo energy ltd directors
Ovo Energy Ltd currently has 2 directors. The longest serving directors include Mr Vincent Casey (Jun 2018) and Mr David Buttress (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vincent Casey | 41 years | Jun 2018 | - | Director | |
| Mr David Buttress | 48 years | May 2024 | - | Director |
P&L
December 2022turnover
5b
+425%
operating profit
-1.6b
-531%
gross margin
7.7%
-25.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-1.6b
+8.73%
total assets
2.9b
+1.09%
cash
379m
+8.48%
net assets
Total assets minus all liabilities
Similar Companies
ovo energy ltd company details
company number
06890795
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
April 2009
age
15
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
1 rivergate, temple quay, bristol, BS1 6ED
last accounts submitted
December 2022
ovo energy ltd 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 18 charges/mortgages relating to ovo energy ltd. Currently there are 10 open charges and 8 have been satisfied in the past.
ovo energy ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
