spirit energy limited
spirit energy limited Company Information
Company Number
10854461
Next Accounts
Sep 2025
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Shareholders
gb gas holdings limited
swm bayerische e & p gasbeteiligungsgesellschaft mbh
View AllGroup Structure
View All
Contact
Registered Address
millstream maidenhead road, windsor, berkshire, SL4 5GD
Website
www.spirit-energy.comspirit energy limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT ENERGY LIMITED at £6.3b based on a Turnover of £947m and 6.6x industry multiple (adjusted for size and gross margin).
spirit energy limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT ENERGY LIMITED at £42.1b based on an EBITDA of £1.6b and a 25.63x industry multiple (adjusted for size and gross margin).
spirit energy limited Estimated Valuation
Pomanda estimates the enterprise value of SPIRIT ENERGY LIMITED at £1.5b based on Net Assets of £1.1b and 1.31x industry multiple (adjusted for liquidity).
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Spirit Energy Limited Overview
Spirit Energy Limited is a live company located in berkshire, SL4 5GD with a Companies House number of 10854461. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in July 2017, it's largest shareholder is gb gas holdings limited with a 69% stake. Spirit Energy Limited is a young, mega sized company, Pomanda has estimated its turnover at £947m with rapid growth in recent years.
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Spirit Energy Limited Health Check
Pomanda's financial health check has awarded Spirit Energy Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £947m, make it larger than the average company (£19m)
£947m - Spirit Energy Limited
£19m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (10.6%)
31% - Spirit Energy Limited
10.6% - Industry AVG
Production
with a gross margin of 154.8%, this company has a lower cost of product (36.3%)
154.8% - Spirit Energy Limited
36.3% - Industry AVG
Profitability
an operating margin of 144.7% make it more profitable than the average company (4.6%)
144.7% - Spirit Energy Limited
4.6% - Industry AVG
Employees
with 473 employees, this is above the industry average (105)
473 - Spirit Energy Limited
105 - Industry AVG
Pay Structure
on an average salary of £139.5k, the company has a higher pay structure (£44.7k)
£139.5k - Spirit Energy Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£191.8k)
£2m - Spirit Energy Limited
£191.8k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (45 days)
1 days - Spirit Energy Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after -11 days, this is quicker than average (44 days)
-11 days - Spirit Energy Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to -26 days, this is less than average (40 days)
-26 days - Spirit Energy Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 96 weeks, this is more cash available to meet short term requirements (14 weeks)
96 weeks - Spirit Energy Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.4%, this is a similar level of debt than the average (69.5%)
66.4% - Spirit Energy Limited
69.5% - Industry AVG
SPIRIT ENERGY LIMITED financials
Spirit Energy Limited's latest turnover from December 2023 is £947 million and the company has net assets of £1.1 billion. According to their latest financial statements, Spirit Energy Limited has 473 employees and maintains cash reserves of £1.4 billion as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 947,000,000 | 2,250,000,000 | 1,308,000,000 | 426,000,000 | 1,431,000,000 | 1,978,000,000 | 1,397,000,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | -519,000,000 | 1,480,000,000 | 2,315,000,000 | 559,000,000 | 850,000,000 | 1,355,000,000 | 1,078,000,000 |
| Gross Profit | 1,466,000,000 | 770,000,000 | -1,007,000,000 | -133,000,000 | 581,000,000 | 623,000,000 | 319,000,000 |
| Admin Expenses | 96,000,000 | 159,000,000 | -440,000,000 | 629,000,000 | 696,000,000 | 111,000,000 | 563,000,000 |
| Operating Profit | 1,370,000,000 | 611,000,000 | -567,000,000 | -762,000,000 | -115,000,000 | 512,000,000 | -244,000,000 |
| Interest Payable | 32,000,000 | 5,000,000 | 11,000,000 | 25,000,000 | 46,000,000 | 42,000,000 | 121,000,000 |
| Interest Receivable | 70,000,000 | 18,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 15,000,000 | 64,000,000 |
| Pre-Tax Profit | 1,408,000,000 | 624,000,000 | -574,000,000 | -783,000,000 | -156,000,000 | 485,000,000 | -301,000,000 |
| Tax | -1,050,000,000 | -215,000,000 | 270,000,000 | 275,000,000 | -115,000,000 | -294,000,000 | 157,000,000 |
| Profit After Tax | 358,000,000 | 409,000,000 | -304,000,000 | -508,000,000 | -271,000,000 | 191,000,000 | -144,000,000 |
| Dividends Paid | 28,000,000 | 439,000,000 | 0 | 0 | 400,000,000 | 0 | -144,000,000 |
| Retained Profit | 330,000,000 | -30,000,000 | -104,000,000 | -501,000,000 | -671,000,000 | 191,000,000 | 0 |
| Employee Costs | 66,000,000 | 78,000,000 | 98,000,000 | 98,000,000 | 97,000,000 | 96,000,000 | 76,000,000 |
| Number Of Employees | 473 | 621 | 671 | 680 | 702 | 674 | 453 |
| EBITDA* | 1,641,000,000 | 968,000,000 | -121,000,000 | -266,000,000 | 489,000,000 | 1,043,000,000 | 249,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,132,000,000 | 1,799,000,000 | 2,888,000,000 | 3,226,000,000 | 3,394,000,000 | 4,062,000,000 | 4,096,000,000 |
| Intangible Assets | 0 | 2,000,000 | 0 | 540,000,000 | 680,000,000 | 686,000,000 | 702,000,000 |
| Investments & Other | 108,000,000 | 656,000,000 | 3,000,000 | 4,000,000 | 22,000,000 | 0 | 0 |
| Debtors (Due After 1 year) | 3,000,000 | 4,000,000 | 785,000,000 | 682,000,000 | 542,000,000 | 113,000,000 | 189,000,000 |
| Total Fixed Assets | 1,132,000,000 | 1,801,000,000 | 2,163,000,000 | 3,187,000,000 | 3,672,000,000 | 4,748,000,000 | 4,798,000,000 |
| Stock & work in progress | 38,000,000 | 44,000,000 | 43,000,000 | 70,000,000 | 87,000,000 | 87,000,000 | 72,000,000 |
| Trade Debtors | 5,000,000 | 1,000,000 | 18,000,000 | 34,000,000 | 15,000,000 | 350,000,000 | 387,000,000 |
| Group Debtors | 172,000,000 | 356,000,000 | 454,000,000 | 141,000,000 | 185,000,000 | 0 | 0 |
| Misc Debtors | 27,000,000 | 50,000,000 | 24,000,000 | 143,000,000 | 124,000,000 | 47,000,000 | 39,000,000 |
| Cash | 1,397,000,000 | 1,097,000,000 | 1,233,000,000 | 444,000,000 | 361,000,000 | 639,000,000 | 294,000,000 |
| misc current assets | 639,000,000 | 108,000,000 | 4,000,000 | 18,000,000 | 160,000,000 | 123,000,000 | 89,000,000 |
| total current assets | 2,279,000,000 | 1,661,000,000 | 3,473,000,000 | 928,000,000 | 1,014,000,000 | 1,246,000,000 | 881,000,000 |
| total assets | 3,411,000,000 | 3,462,000,000 | 5,636,000,000 | 4,115,000,000 | 4,686,000,000 | 5,994,000,000 | 5,679,000,000 |
| Bank overdraft | 49,000,000 | 9,000,000 | 0 | 0 | 0 | 0 | 113,000,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,000,000 | 18,000,000 | 12,000,000 | 29,000,000 | 42,000,000 | 46,000,000 | 44,000,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 9,000,000 | 50,000,000 | 33,000,000 |
| hp & lease commitments | 0 | 0 | 24,000,000 | 28,000,000 | 23,000,000 | 11,000,000 | 0 |
| other current liabilities | 688,000,000 | 1,291,000,000 | 2,878,000,000 | 436,000,000 | 671,000,000 | 801,000,000 | 684,000,000 |
| total current liabilities | 754,000,000 | 1,318,000,000 | 2,914,000,000 | 493,000,000 | 745,000,000 | 908,000,000 | 874,000,000 |
| loans | 35,000,000 | 225,000,000 | 351,000,000 | 124,000,000 | 127,000,000 | 12,000,000 | 22,000,000 |
| hp & lease commitments | 0 | 0 | 17,000,000 | 42,000,000 | 63,000,000 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 74,000,000 | 75,000,000 | 69,000,000 | 69,000,000 | 87,000,000 | 105,000,000 | 111,000,000 |
| provisions | 2,824,000,000 | 2,024,000,000 | 2,128,000,000 | 4,204,000,000 | 3,836,000,000 | 4,746,000,000 | 4,692,000,000 |
| total long term liabilities | 1,511,000,000 | 1,298,000,000 | 1,467,000,000 | 2,253,000,000 | 2,069,000,000 | 2,490,000,000 | 2,468,000,000 |
| total liabilities | 2,265,000,000 | 2,616,000,000 | 4,381,000,000 | 2,746,000,000 | 2,814,000,000 | 3,398,000,000 | 3,342,000,000 |
| net assets | 1,146,000,000 | 846,000,000 | 1,255,000,000 | 1,369,000,000 | 1,872,000,000 | 2,596,000,000 | 2,337,000,000 |
| total shareholders funds | 1,146,000,000 | 846,000,000 | 1,255,000,000 | 1,369,000,000 | 1,872,000,000 | 2,596,000,000 | 2,337,000,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,370,000,000 | 611,000,000 | -567,000,000 | -762,000,000 | -115,000,000 | 512,000,000 | -244,000,000 |
| Depreciation | 271,000,000 | 357,000,000 | 446,000,000 | 495,000,000 | 604,000,000 | 531,000,000 | 493,000,000 |
| Amortisation | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 |
| Tax | -1,050,000,000 | -215,000,000 | 270,000,000 | 275,000,000 | -115,000,000 | -294,000,000 | 157,000,000 |
| Stock | -6,000,000 | 1,000,000 | -27,000,000 | -17,000,000 | 0 | 15,000,000 | 72,000,000 |
| Debtors | -204,000,000 | -870,000,000 | 281,000,000 | 134,000,000 | 356,000,000 | -105,000,000 | 615,000,000 |
| Creditors | -1,000,000 | 6,000,000 | -17,000,000 | -13,000,000 | -4,000,000 | 2,000,000 | 44,000,000 |
| Accruals and Deferred Income | -603,000,000 | -1,587,000,000 | 2,442,000,000 | -235,000,000 | -130,000,000 | 117,000,000 | 684,000,000 |
| Deferred Taxes & Provisions | 800,000,000 | -104,000,000 | -2,076,000,000 | 368,000,000 | -910,000,000 | 54,000,000 | 4,692,000,000 |
| Cash flow from operations | 997,000,000 | -63,000,000 | 244,000,000 | 12,000,000 | -1,026,000,000 | 1,012,000,000 | 5,139,000,000 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -548,000,000 | 653,000,000 | -1,000,000 | -18,000,000 | 22,000,000 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -9,000,000 | -41,000,000 | 17,000,000 | 33,000,000 |
| Long term loans | -190,000,000 | -126,000,000 | 227,000,000 | -3,000,000 | 115,000,000 | -10,000,000 | 22,000,000 |
| Hire Purchase and Lease Commitments | 0 | -41,000,000 | -29,000,000 | -16,000,000 | 75,000,000 | 11,000,000 | 0 |
| other long term liabilities | -1,000,000 | 6,000,000 | 0 | -18,000,000 | -18,000,000 | -6,000,000 | 111,000,000 |
| share issue | |||||||
| interest | 38,000,000 | 13,000,000 | -7,000,000 | -21,000,000 | -41,000,000 | -27,000,000 | -57,000,000 |
| cash flow from financing | -183,000,000 | -527,000,000 | 181,000,000 | -69,000,000 | 37,000,000 | 53,000,000 | 2,446,000,000 |
| cash and cash equivalents | |||||||
| cash | 300,000,000 | -136,000,000 | 789,000,000 | 83,000,000 | -278,000,000 | 345,000,000 | 294,000,000 |
| overdraft | 40,000,000 | 9,000,000 | 0 | 0 | 0 | -113,000,000 | 113,000,000 |
| change in cash | 260,000,000 | -145,000,000 | 789,000,000 | 83,000,000 | -278,000,000 | 458,000,000 | 181,000,000 |
spirit energy limited Credit Report and Business Information
Spirit Energy Limited Competitor Analysis
Perform a competitor analysis for spirit energy limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in SL4 area or any other competitors across 12 key performance metrics.
spirit energy limited Ownership
SPIRIT ENERGY LIMITED group structure
Spirit Energy Limited has 9 subsidiary companies.
Ultimate parent company
2 parents
SPIRIT ENERGY LIMITED
10854461
9 subsidiaries
spirit energy limited directors
Spirit Energy Limited currently has 9 directors. The longest serving directors include Mr Tore Holm (Dec 2017) and Dr Thomas Meerpohl (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tore Holm | 73 years | Dec 2017 | - | Director | |
| Dr Thomas Meerpohl | 47 years | Dec 2017 | - | Director | |
| Mr Gregory McKenna | England | 59 years | Dec 2019 | - | Director |
| Mr Martin Scargill | United Kingdom | 48 years | Jul 2021 | - | Director |
| Mr Martin Scargill | United Kingdom | 48 years | Jul 2021 | - | Director |
| Mr Christopher O'Shea | 51 years | Feb 2022 | - | Director | |
| Mr Neil McCulloch | 54 years | Feb 2022 | - | Director | |
| Mr Russell O'Brien | 51 years | Aug 2023 | - | Director | |
| Ms Jill Shedden | 59 years | Aug 2023 | - | Director |
P&L
December 2023turnover
947m
-58%
operating profit
1.4b
+124%
gross margin
154.9%
+352.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.1b
+0.35%
total assets
3.4b
-0.01%
cash
1.4b
+0.27%
net assets
Total assets minus all liabilities
spirit energy limited company details
company number
10854461
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
July 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
centrica newco 123 limited (October 2017)
accountant
-
auditor
DELOITTE LLP
address
millstream maidenhead road, windsor, berkshire, SL4 5GD
Bank
-
Legal Advisor
-
spirit energy 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 did not find charges/mortgages relating to spirit energy limited.
spirit energy limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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spirit energy limited Companies House Filings - See Documents
| date | description | view/download |
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