ovo (s) energy solutions limited
ovo (s) energy solutions limited Company Information
Company Number
SC386054
Registered Address
cadworks, 41 west campbell street, glasgow, G2 6SE
Industry
Other business support service activities n.e.c.
Telephone
01313355270
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ovo (5) energy services limited 100%
ovo (s) energy solutions limited Estimated Valuation
Pomanda estimates the enterprise value of OVO (S) ENERGY SOLUTIONS LIMITED at £6.7m based on a Turnover of £12.6m and 0.53x industry multiple (adjusted for size and gross margin).
ovo (s) energy solutions limited Estimated Valuation
Pomanda estimates the enterprise value of OVO (S) ENERGY SOLUTIONS LIMITED at £0 based on an EBITDA of £-1.2m and a 4.22x industry multiple (adjusted for size and gross margin).
ovo (s) energy solutions limited Estimated Valuation
Pomanda estimates the enterprise value of OVO (S) ENERGY SOLUTIONS LIMITED at £4.4m based on Net Assets of £1.7m and 2.57x industry multiple (adjusted for liquidity).
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Ovo (s) Energy Solutions Limited Overview
Ovo (s) Energy Solutions Limited is a live company located in glasgow, G2 6SE with a Companies House number of SC386054. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2010, it's largest shareholder is ovo (5) energy services limited with a 100% stake. Ovo (s) Energy Solutions Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.6m with declining growth in recent years.
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Ovo (s) Energy Solutions Limited Health Check
Pomanda's financial health check has awarded Ovo (S) Energy Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £12.6m, make it larger than the average company (£3.8m)
£12.6m - Ovo (s) Energy Solutions Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (3%)
-12% - Ovo (s) Energy Solutions Limited
3% - Industry AVG
Production
with a gross margin of 14.9%, this company has a higher cost of product (38.8%)
14.9% - Ovo (s) Energy Solutions Limited
38.8% - Industry AVG
Profitability
an operating margin of -9.7% make it less profitable than the average company (6.3%)
-9.7% - Ovo (s) Energy Solutions Limited
6.3% - Industry AVG
Employees
with 45 employees, this is above the industry average (25)
45 - Ovo (s) Energy Solutions Limited
25 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£50.6k)
£51.8k - Ovo (s) Energy Solutions Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £280.9k, this is more efficient (£157.8k)
£280.9k - Ovo (s) Energy Solutions Limited
£157.8k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is later than average (44 days)
53 days - Ovo (s) Energy Solutions Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (33 days)
24 days - Ovo (s) Energy Solutions Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ovo (s) Energy Solutions Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ovo (s) Energy Solutions Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.9%, this is a similar level of debt than the average (63.6%)
69.9% - Ovo (s) Energy Solutions Limited
63.6% - Industry AVG
OVO (S) ENERGY SOLUTIONS LIMITED financials
Ovo (S) Energy Solutions Limited's latest turnover from December 2022 is £12.6 million and the company has net assets of £1.7 million. According to their latest financial statements, Ovo (S) Energy Solutions Limited has 45 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,640,000 | 9,625,000 | 9,412,000 | 14,740,000 | 18,673,955 | 23,006,636 | 31,411,795 | 30,821,115 | 30,791,553 | 15,526,118 | 189,125 | 1,634,870 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 10,763,000 | 8,362,000 | 7,445,000 | 12,247,000 | 14,769,803 | 19,131,562 | 26,497,582 | 26,173,771 | 26,646,264 | 12,984,000 | 159,270 | 1,570,003 | |
| Gross Profit | 1,877,000 | 1,263,000 | 1,967,000 | 2,493,000 | 3,904,152 | 3,875,074 | 4,914,213 | 4,647,344 | 4,145,289 | 2,542,118 | 29,855 | 64,867 | |
| Admin Expenses | 3,109,000 | 2,873,000 | 1,715,000 | 2,419,000 | 2,993,387 | 3,031,675 | 3,282,753 | 3,204,684 | 3,003,223 | 2,180,923 | 703,141 | 426,071 | |
| Operating Profit | -1,232,000 | -1,610,000 | 252,000 | 74,000 | 910,765 | 843,399 | 1,631,460 | 1,442,660 | 1,142,066 | 361,195 | -673,286 | -361,204 | |
| Interest Payable | 1,000 | 3,000 | 9,000 | 5,000 | 0 | 0 | 148,952 | 150,356 | 497,222 | 99,509 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 30,000 | 43,769 | 6,542 | 0 | 0 | 0 | 18,641 | 24,012 | 0 | |
| Pre-Tax Profit | -1,233,000 | -1,613,000 | 243,000 | 99,000 | 954,534 | 849,941 | 1,482,508 | 1,292,304 | 602,968 | 280,327 | -649,274 | -361,204 | |
| Tax | 232,000 | 307,000 | -47,000 | -14,000 | -172,440 | -158,663 | -284,337 | -260,665 | -123,476 | -90,440 | 154,926 | 93,895 | |
| Profit After Tax | -1,001,000 | -1,306,000 | 196,000 | 85,000 | 782,094 | 691,278 | 1,198,171 | 1,031,639 | 479,492 | 189,887 | -494,348 | -267,309 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -1,001,000 | -1,306,000 | 196,000 | 85,000 | 782,094 | 691,278 | 1,198,171 | 1,031,639 | 479,492 | 189,887 | -494,348 | -267,309 | |
| Employee Costs | 2,333,000 | 2,094,000 | 1,313,000 | 1,722,000 | 2,269,924 | 2,334,296 | 2,419,049 | 2,308,833 | 1,710,109 | 1,494,348 | 560,814 | 344,185 | |
| Number Of Employees | 45 | 38 | 38 | 33 | 40 | 47 | 50 | 50 | 35 | 40 | 12 | 7 | |
| EBITDA* | -1,219,000 | -1,593,000 | 256,000 | 91,000 | 910,765 | 843,399 | 1,631,460 | 1,442,660 | 1,142,066 | 361,195 | -673,286 | -361,204 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,000 | 32,000 | 39,000 | 49,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 5,422,000 | 4,746,076 | 616,251 | 4,873,237 | 0 | 0 | 0 | 2,732,112 | 0 | 0 |
| Total Fixed Assets | 8,000 | 32,000 | 39,000 | 5,471,000 | 4,746,076 | 616,251 | 4,873,237 | 0 | 0 | 0 | 2,732,112 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,865,000 | 1,046,000 | 1,139,000 | 3,101,000 | 2,574,194 | 10,060,755 | 3,365,097 | 6,629,954 | 6,992,558 | 5,027,407 | 0 | 0 | 0 |
| Group Debtors | 636,000 | 2,728,000 | 6,367,000 | 0 | 10,336 | 1,938,468 | 2,570,139 | 1,697,682 | 1,294,347 | 390,440 | 1,399,798 | 921,274 | 0 |
| Misc Debtors | 3,155,000 | 1,843,000 | 3,552,000 | 2,054,000 | 3,024,456 | 2,287,012 | 5,230,903 | 10,990,358 | 4,477,392 | 7,115,285 | 189,654 | 143,629 | 0 |
| Cash | 0 | 0 | 0 | 0 | 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 |
| total current assets | 5,656,000 | 5,617,000 | 11,058,000 | 5,155,000 | 5,608,986 | 14,286,235 | 11,166,139 | 19,317,994 | 12,764,297 | 12,533,132 | 1,589,452 | 1,064,903 | 0 |
| total assets | 5,664,000 | 5,649,000 | 11,097,000 | 10,626,000 | 10,355,062 | 14,902,486 | 16,039,376 | 19,317,994 | 12,764,297 | 12,533,132 | 4,321,564 | 1,064,903 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 165 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 729,000 | 493,000 | 669,000 | 354,000 | 157,563 | 257,237 | 1,460,050 | 1,233,674 | 107,853 | 98,601 | 0 | 0 | 0 |
| Group/Directors Accounts | 497,000 | 0 | 2,825,000 | 2,195,000 | 1,965,841 | 2,589,794 | 2,476,549 | 4,186,415 | 1,662,438 | 1,496,070 | 4,932,451 | 1,329,257 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 6,000 | 17,000 | 19,000 | 19,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,521,000 | 2,328,000 | 3,552,000 | 4,209,000 | 4,501,489 | 9,127,968 | 9,894,230 | 10,179,083 | 5,026,112 | 5,184,646 | 150,002 | 2,954 | 0 |
| total current liabilities | 3,753,000 | 2,838,000 | 7,065,000 | 6,777,000 | 6,624,893 | 11,974,999 | 13,830,829 | 15,599,172 | 6,796,403 | 6,779,317 | 5,082,618 | 1,332,211 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,738,684 | 6,041,588 | 6,200,694 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 6,000 | 21,000 | 34,000 | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 207,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 120,000 | 0 | 0 | 0 |
| total long term liabilities | 207,000 | 106,000 | 21,000 | 34,000 | 0 | 0 | 0 | 2,738,684 | 6,041,588 | 6,320,694 | 0 | 0 | 0 |
| total liabilities | 3,960,000 | 2,944,000 | 7,086,000 | 6,811,000 | 6,624,893 | 11,974,999 | 13,830,829 | 18,337,856 | 12,837,991 | 13,100,011 | 5,082,618 | 1,332,211 | 0 |
| net assets | 1,704,000 | 2,705,000 | 4,011,000 | 3,815,000 | 3,730,169 | 2,927,487 | 2,208,547 | 980,138 | -73,694 | -566,879 | -761,054 | -267,308 | 0 |
| total shareholders funds | 1,704,000 | 2,705,000 | 4,011,000 | 3,815,000 | 3,730,169 | 2,927,487 | 2,208,547 | 980,138 | -73,694 | -566,879 | -761,054 | -267,308 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -1,232,000 | -1,610,000 | 252,000 | 74,000 | 910,765 | 843,399 | 1,631,460 | 1,442,660 | 1,142,066 | 361,195 | -673,286 | -361,204 | |
| Depreciation | 13,000 | 17,000 | 4,000 | 17,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 232,000 | 307,000 | -47,000 | -14,000 | -172,440 | -158,663 | -284,337 | -260,665 | -123,476 | -90,440 | 154,926 | 93,895 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 39,000 | -5,441,000 | 702,938 | 221,938 | -4,547,424 | -1,136,890 | -3,278,618 | 6,553,697 | 231,165 | 8,211,568 | 3,256,661 | 1,064,903 | 0 |
| Creditors | 236,000 | -176,000 | 511,437 | 196,437 | -99,674 | -1,202,813 | 226,376 | 1,125,821 | 9,252 | 98,601 | 0 | 0 | 0 |
| Accruals and Deferred Income | 193,000 | -1,224,000 | -949,489 | -292,489 | -4,626,479 | -766,262 | -284,853 | 5,152,971 | -158,534 | 5,034,644 | 147,048 | 2,954 | 0 |
| Deferred Taxes & Provisions | 107,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | -120,000 | 120,000 | 0 | 0 | 0 |
| Cash flow from operations | -490,000 | 2,855,000 | -931,990 | -240,990 | 559,596 | -147,449 | 4,567,264 | 907,090 | 518,143 | -2,687,568 | -3,627,973 | -1,329,258 | |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 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 |
| Group/Directors Accounts | 497,000 | -2,825,000 | 859,159 | 229,159 | -623,953 | 113,245 | -1,709,866 | 2,523,977 | 166,368 | -3,436,381 | 3,603,194 | 1,329,257 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -2,738,684 | -3,302,904 | -159,106 | 6,200,694 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -17,000 | -17,000 | 40,000 | 53,000 | 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 |
| share issue | |||||||||||||
| interest | -1,000 | -3,000 | -9,000 | 25,000 | 43,769 | 6,542 | -148,952 | -150,356 | -497,222 | -80,868 | 24,012 | 0 | |
| cash flow from financing | 479,000 | -2,845,000 | 974,990 | 306,990 | -559,596 | 147,449 | -4,567,264 | -907,090 | -476,267 | 2,687,733 | 3,627,808 | 1,329,258 | |
| cash and cash equivalents | |||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -165 | 165 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 165 | -165 | 0 | 0 |
ovo (s) energy solutions limited Credit Report and Business Information
Ovo (s) Energy Solutions Limited Competitor Analysis
Perform a competitor analysis for ovo (s) energy solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ovo (s) energy solutions limited Ownership
OVO (S) ENERGY SOLUTIONS LIMITED group structure
Ovo (S) Energy Solutions Limited has no subsidiary companies.
Ultimate parent company
2 parents
OVO (S) ENERGY SOLUTIONS LIMITED
SC386054
ovo (s) energy solutions limited directors
Ovo (S) Energy Solutions Limited currently has 3 directors. The longest serving directors include Mr Neil Donald (Feb 2015) and Mr Vincent Casey (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Donald | United Kingdom | 58 years | Feb 2015 | - | Director |
| Mr Vincent Casey | England | 41 years | Jan 2020 | - | Director |
| Mr David Buttress | 48 years | May 2024 | - | Director |
P&L
December 2022turnover
12.6m
+31%
operating profit
-1.2m
-23%
gross margin
14.9%
+13.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.7m
-0.37%
total assets
5.7m
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ovo (s) energy solutions limited company details
company number
SC386054
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 2010
age
14
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
sse energy solutions limited (January 2020)
jupiter wind farms limited (March 2011)
incorporated
UK
address
cadworks, 41 west campbell street, glasgow, G2 6SE
last accounts submitted
December 2022
ovo (s) energy solutions 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 5 charges/mortgages relating to ovo (s) energy solutions limited. Currently there are 5 open charges and 0 have been satisfied in the past.
ovo (s) energy solutions limited Companies House Filings - See Documents
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