Ethos Energy Group Limited

POWER SEARCH PRICING

SOLUTIONS

ethos energy group limited Company Information

Company Number

SC454431

Next Accounts

Sep 2025

Directors

Ana Amicarella

Michael Muse

Shareholders

wood group power investments limited

siemens energy global gmbh & co. kg

Group Structure

View All

Industry

Activities of head offices

Registered Address

ethosenergy, kirkhill drive, dyce, aberdeen, AB21 0EU

Website

https://ethosenergy.com:443/

ethos energy group limited Estimated Valuation

£517.4m

Pomanda estimates the enterprise value of ETHOS ENERGY GROUP LIMITED at £517.4m based on a Turnover of £650.9m and 0.79x industry multiple (adjusted for size and gross margin).

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Ethos Energy Group Limited is a live company located in aberdeen, AB21 0EU with a Companies House number of SC454431. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 2013, it's largest shareholder is wood group power investments limited with a 51% stake. Ethos Energy Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £650.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ethos Energy Group Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £650.9m, make it larger than the average company (£20.2m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.4%)

EXPORT

Ethos Energy Group Limited's latest turnover from December 2023 is £650.9 million and the company has net assets of £206.4 million. According to their latest financial statements, Ethos Energy Group Limited has 3,616 employees and maintains cash reserves of £19.5 million 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	Dec 2016	Dec 2015	Dec 2014
Turnover	650,864,119	622,007,293	652,724,546	570,355,610	657,313,607	645,175,971	629,354,609	526,252,354	640,169,296	403,129,504
Other Income Or Grants
Cost Of Sales	557,951,482	548,913,905	559,740,043	485,591,662	570,293,710	571,298,544	547,278,616	461,920,904	556,136,976	343,010,089
Gross Profit	92,912,637	73,093,388	92,984,503	84,763,948	87,019,897	73,877,427	82,075,993	64,331,450	84,032,320	60,119,415
Admin Expenses	57,872,206	57,475,820	59,156,808	71,965,052	98,826,617	204,945,388	61,932,222	50,169,491	69,334,359	47,079,816
Operating Profit	35,040,431	15,617,568	33,827,695	12,798,896	-11,806,720	-131,067,961	20,143,771	14,161,959	14,697,961	13,039,599
Interest Payable	13,477,089	8,165,530	6,832,195	6,054,568	6,559,289	4,399,272	4,660,716	4,067,797	76,953	2,539,290
Interest Receivable	4,280,957	2,299,032	1,833,027	1,686,082		75,849	236,985	677,966	3,232,012	411,776
Pre-Tax Profit	25,844,300	9,751,070	28,828,529	8,430,411	-18,366,008	-135,391,383	15,720,041	10,772,128	11,542,901	10,912,086
Tax	-4,122,404	-4,677,343	-6,248,958	3,372,164	-291,524	75,850	-6,398,610	-828,625	-11,158,138	-3,843,250
Profit After Tax	21,721,896	5,073,728	22,579,570	11,802,575	-18,657,532	-135,315,534	9,321,431	9,943,503	384,763	7,068,835
Dividends Paid	1,585,540	3,171,080	4,999,167						230,858	10,294,420
Retained Profit	20,136,356	1,902,648	6,248,959	11,802,575	-18,657,532	-150,712,985	4,897,701	-42,862,524	-19,469,027	-8,990,460
Employee Costs	309,655,938	296,813,065	320,363,273	278,126,916	276,583,339	294,599,515	290,781,262	236,158,192	263,562,909	210,623,842
Number Of Employees	3,616	3,586	3,851	3,801	4,141	4,362	4,275	4,283	4,229	4,235
EBITDA*	56,524,496	34,723,323	47,575,404	25,367,871	-8,016,909	-121,586,773	30,097,164	23,804,143	28,087,725	22,853,613

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
Tangible Assets	118,043,444	102,267,322	132,644,559	136,955,855	112,018,074	70,919,296	100,165,890	95,216,573	99,038,092	107,267,861
Intangible Assets	44,236,563	47,804,027	11,081,486	10,039,853	8,891,480	7,812,500	70,621,692	61,770,245	71,258,176	66,570,585
Investments & Other	32,582,844	32,979,229	30,161,639	29,276,517	68,945,412	33,373,786	33,888,932	34,877,589	35,398,230	32,736,256
Debtors (Due After 1 year)	23,941,652	21,404,788	26,912,181	29,506,437	22,957,510		7,899,518	7,005,649	8,310,888
Total Fixed Assets	140,637,387	132,471,856	123,562,739	124,846,719	120,909,554	78,731,796	170,787,581	156,986,817	170,296,267	173,838,446
Stock & work in progress	158,474,710	141,509,433	126,645,559	112,507,664	113,694,337	154,657,160	207,125,365	194,651,600	271,642,939	284,675,039
Trade Debtors	177,421,912	161,804,344	190,634,894	145,922,747	168,573,719	166,641,383	172,209,495	130,470,810	149,672,951	124,287,969
Group Debtors	6,817,821	1,585,539	3,082,819	2,145,922	3,789,811	4,171,723	3,712,773	3,766,478	9,849,942	18,255,438
Misc Debtors	14,666,243	15,459,013	9,581,736	10,039,852	12,244,005	14,790,655	13,350,185	14,613,935	23,162,754	39,736,462
Cash	19,502,140	17,520,215	38,660,223	33,338,442	27,767,655	24,423,543	39,260,605	31,186,440	28,472,489	42,618,900
misc current assets	158,554	158,554	166,639		8,964,361	6,750,607	35,310,846	46,177,024	22,854,944	2,813,808
total current assets	379,023,307	342,476,613	371,604,733	311,005,518	335,033,890	371,435,073	470,969,271	420,866,290	505,656,022	512,387,619
total assets	519,660,694	474,948,469	495,167,472	435,852,237	455,943,444	450,166,869	641,756,852	577,853,107	675,952,289	686,226,065
Bank overdraft	84,509,275	87,838,909	75,404,099	69,512,569	98,753,735	95,342,840			1	1
Bank loan								76,308,851	57,945,363	57,442,865
Trade Creditors	50,340,891	44,712,225	57,073,821	34,258,124	48,465,855	42,854,976	40,603,523	29,303,202	27,164,294	36,099,101
Group/Directors Accounts	317,108	1,268,432	2,832,861	76,640		1	1	7,382,298	40,400,154	1
other short term finances							90,528,477
hp & lease commitments	7,214,206	7,610,591	6,748,875	7,817,290	6,340,645	455,097	552,966
other current liabilities	129,538,607	103,456,476	111,148,141	93,577,559	88,841,919	105,279,125	117,307,843	108,926,552	121,662,176	172,397,226
total current liabilities	271,920,089	244,886,634	253,207,799	205,242,183	242,402,157	243,932,039	248,992,811	221,920,904	247,171,989	265,939,194
loans	60,488,345	70,873,632	55,907,348	58,936,234	74,411,485	7,509,101	35,468,835	29,077,211	22,624,086	36,442,248
hp & lease commitments	28,460,440	33,296,337	24,329,278	25,674,432	33,233,729
Accruals and Deferred Income
other liabilities									8,772,604
provisions	18,709,369	20,294,909	25,829,027	26,977,313	28,132,059	28,519,416	17,694,920	32,994,349	33,243,554	17,431,884
total long term liabilities	41,382,590	47,724,750	44,492,584	46,750,459	55,243,786	21,768,810	34,441,899	38,418,079	48,018,468	45,158,190
total liabilities	313,302,679	292,611,384	297,700,383	251,992,642	297,645,943	265,700,849	283,434,710	260,338,983	295,190,457	311,097,384
net assets	206,358,016	182,337,085	197,467,089	183,859,595	158,297,500	184,390,170	356,505,252	315,932,203	378,145,440	372,795,279
total shareholders funds	206,358,015	182,337,086	197,467,089	183,859,595	158,297,500	184,390,170	356,505,253	315,932,203	378,145,441	372,795,278

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
Operating Activities
Operating Profit	35,040,431	15,617,568	33,827,695	12,798,896	-11,806,720	-131,067,961	20,143,771	14,161,959	14,697,961	13,039,599
Depreciation	12,446,488	10,543,840	12,914,514	11,802,575	3,133,882	8,343,447	8,926,455	8,512,241	12,389,381	9,127,719
Amortisation	9,037,577	8,561,915	833,194	766,400	655,928	1,137,742	1,026,937	1,129,943	1,000,384	686,294
Tax	-4,122,404	-4,677,343	-6,248,958	3,372,164	-291,524	75,850	-6,398,610	-828,625	-11,158,138	-3,843,250
Stock	16,965,277	14,863,874	14,137,895	-1,186,673	-40,962,823	-52,468,205	12,473,765	-76,991,339	-13,032,100	284,675,039
Debtors	22,593,943	-29,957,945	42,596,672	-19,950,086	21,961,283	-11,568,210	41,315,099	-35,139,663	8,716,666	182,279,870
Creditors	5,628,667	-12,361,597	22,815,697	-14,207,731	5,610,880	2,251,453	11,300,322	2,138,908	-8,934,807	36,099,101
Accruals and Deferred Income	26,082,131	-7,691,665	17,570,582	4,735,640	-16,437,206	-12,028,718	8,381,291	-12,735,624	-50,735,050	172,397,226
Deferred Taxes & Provisions	-1,585,540	-5,534,118	-1,148,286	-1,154,746	-387,357	10,824,496	-15,299,429	-249,205	15,811,670	17,431,884
Cash flow from operations	42,968,130	19,552,671	23,829,871	39,249,957	-520,577	-56,427,276	-25,708,127	124,260,599	-22,613,165	-222,016,336
Investing Activities
capital expenditure	-33,692,722	-25,451,059	-10,478,046	-38,655,129	-45,967,569	82,574,597	-23,754,157	3,667,266	-9,847,586	-183,652,460
Change in Investments	-396,385	2,817,590	885,122	-39,668,895	35,571,626	-515,146	-988,657	-520,641	2,661,974	32,736,256
cash flow from investments	-33,296,337	-28,268,649	-11,363,168	1,013,766	-81,539,195	83,089,743	-22,765,500	4,187,907	-12,509,560	-216,388,716
Financing Activities
Bank loans							-76,308,851	18,363,488	502,498	57,442,865
Group/Directors Accounts	-951,324	-1,564,429	2,756,221	76,640			-7,382,297	-33,017,856	40,400,153	1
Other Short Term Loans						-90,528,477	90,528,477
Long term loans	-10,385,287	14,966,284	-3,028,886	-15,475,251	66,902,384	-27,959,734	6,391,624	6,453,125	-13,818,162	36,442,248
Hire Purchase and Lease Commitments	-5,232,282	9,828,775	-2,413,569	-6,082,652	39,119,277	-97,869	552,966
other long term liabilities								-8,772,604	8,772,604
share issue	3,884,573	-17,032,651	7,358,534	13,759,520	-7,435,138	-21,402,098	35,675,349	-19,350,713	24,819,189	381,785,738
interest	-9,196,132	-5,866,498	-4,999,168	-4,368,486	-6,559,289	-4,323,423	-4,423,731	-3,389,831	3,155,059	-2,127,514
cash flow from financing	-21,880,452	331,481	-326,868	-12,090,229	92,027,234	-144,311,601	45,033,537	-39,714,391	63,831,341	473,543,338
cash and cash equivalents
cash	1,981,925	-21,140,008	5,321,781	5,570,787	3,344,112	-14,837,062	8,074,165	2,713,951	-14,146,411	42,618,900
overdraft	-3,329,634	12,434,810	5,891,530	-29,241,166	3,410,895	95,342,840		-1		1
change in cash	5,311,559	-33,574,818	-569,749	34,811,953	-66,783	-110,179,902	8,074,165	2,713,952	-14,146,411	42,618,899

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ETHOS ENERGY GROUP LIMITED group structure

Ethos Energy Group Limited has 7 subsidiary companies.

Ultimate parent company

JOHN WOOD GROUP PLC

SC036219

WOOD GROUP POWER INVESTMENTS LIMITED

SC454342

2 parents

ETHOS ENERGY GROUP LIMITED

SC454431

7 subsidiaries

GAS TURBINE EFFICIENCY LIMITED

05396081

ETHOSENERGY (OVERSEAS) LIMITED

SC488376

ETHOSENERGY LIGHT TURBINES LIMITED

01549768

ETHOSENERGY (MEA) LIMITED

SC476720

ETHOSENERGY INVESTMENTS LIMITED

06813394

ETHOSENERGY (MIDDLE EAST) LIMITED

SC099690

ETHOSENERGY (GBR) LIMITED

SC149291

ETHOS ENERGY GROUP LIMITED Shareholders

wood group power investments limited	51%
siemens energy global gmbh & co. kg	49%

Ethos Energy Group Limited currently has 2 directors. The longest serving directors include Ms Ana Amicarella (Dec 2024) and Mr Michael Muse (Dec 2024).

officer	country	age	start	end	role
Ms Ana Amicarella	England	59 years	Dec 2024	-	Director
Mr Michael Muse	England	51 years	Dec 2024	-	Director

P&L

December 2023

turnover

650.9m

+5%

operating profit

35m

+124%

gross margin

14.3%

+21.48%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

206.4m

+0.13%

total assets

519.7m

+0.09%

cash

19.5m

+0.11%

net assets

Total assets minus all liabilities

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3.5

company number

SC454431

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

July 2013

ultimate parent company

JOHN WOOD GROUP PLC

previous names

kendrum limited (December 2013)

address

ethosenergy, kirkhill drive, dyce, aberdeen, AB21 0EU

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 6 charges/mortgages relating to ethos energy group limited. Currently there are 5 open charges and 1 have been satisfied in the past.

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ethos energy group limited Company Information

ethos energy group limited Estimated Valuation

ethos energy group limited Estimated Valuation

ethos energy group limited Estimated Valuation

Ethos Energy Group Limited Overview

Ethos Energy Group Limited Health Check

ETHOS ENERGY GROUP LIMITED financials

ethos energy group limited Credit Report and Business Information

Ethos Energy Group Limited Competitor Analysis

ethos energy group limited Ownership

ethos energy group limited directors

ethos energy group limited company details

ethos energy group limited Charges & Mortgages

ethos energy group limited Capital Raised & Share Issues BETA

ethos energy group limited Companies House Filings - See Documents