Trojan Energy Limited

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trojan energy limited Company Information

Company Number

SC547728

Next Accounts

Sep 2025

Directors

Ian MacKenzie

Christopher Waples

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Shareholders

scottish investments limited

bgf investments lp

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Group Structure

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Industry

Distribution of electricity

Registered Address

w-zero-1 building, energy transition zone, aberdeen, AB12 3LE

Website

https://trojan.energy/

trojan energy limited Estimated Valuation

£34.3m

Pomanda estimates the enterprise value of TROJAN ENERGY LIMITED at £34.3m based on a Turnover of £17.7m and 1.93x industry multiple (adjusted for size and gross margin).

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Trojan Energy Limited is a live company located in aberdeen, AB12 3LE with a Companies House number of SC547728. It operates in the distribution of electricity sector, SIC Code 35130. Founded in October 2016, it's largest shareholder is scottish investments limited with a 38.1% stake. Trojan Energy Limited is a young, mid sized company, Pomanda has estimated its turnover at £17.7m with rapid growth in recent years.

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Pomanda's financial health check has awarded Trojan Energy Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £17.7m, make it larger than the average company (£9.6m)

Growth

3 year (CAGR) sales growth of 99%, show it is growing at a faster rate (15.4%)

EXPORT

Trojan Energy Limited's latest turnover from December 2023 is estimated at £17.7 million and the company has net assets of £515.1 thousand. According to their latest financial statements, Trojan Energy Limited has 59 employees and maintains cash reserves of £13.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Turnover	17,735,384	4,714,538	5,349,530	2,243,006	1,276,233
Other Income Or Grants
Cost Of Sales	10,920,331	2,339,453	3,461,800	1,279,752	853,925
Gross Profit	6,815,053	2,375,085	1,887,730	963,254	422,309
Admin Expenses	14,408,376	7,539,903	2,845,771	1,283,619	426,540	5,357	373
Operating Profit	-7,593,323	-5,164,818	-958,041	-320,365	-4,231	-5,357	-373
Interest Payable	1,245,642	317,039	11,179	9,255
Interest Receivable	482,034	75,217	1,185	347	132	51
Pre-Tax Profit	-8,356,931	-5,406,640	-968,035	-329,273	-4,099	-5,306	-373
Tax
Profit After Tax	-8,356,931	-5,406,640	-968,035	-329,273	-4,099	-5,306	-373
Dividends Paid
Retained Profit	-8,356,931	-5,406,640	-968,035	-329,273	-4,099	-5,306	-373
Employee Costs	3,756,333	1,294,784	646,728	390,000	208,000
Number Of Employees	59	22	11	6	4
EBITDA*	-7,499,160	-5,118,400	-933,522	-301,669	-2,731	-4,531	-373

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Tangible Assets	475,469	64,523	51,394	21,889	2,176	1,651
Intangible Assets	109,411	92,484	76,494	60,850	34,867	36,612	9,110
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	584,880	157,007	127,888	82,739	37,043	38,263	9,110
Stock & work in progress	1,751,967	289,588
Trade Debtors	202,269	304,279	579,993	226,223
Group Debtors
Misc Debtors	584,147	306,439	258,809	96,399	56,183	100	100
Cash	13,374,916	4,988,294	1,697,664	671,516	22,059	13,202	377
misc current assets
total current assets	15,913,299	5,888,600	2,536,466	994,138	78,242	13,302	477
total assets	16,498,179	6,045,607	2,664,354	1,076,877	115,285	51,565	9,587
Bank overdraft
Bank loan		6,000	22,392	13,200
Trade Creditors	469,285	571,645	365,040
Group/Directors Accounts						56,784	9,500
other short term finances	83,751
hp & lease commitments	4,629
other current liabilities	529,423	1,022,875	11,818	4,327	97,652	360	360
total current liabilities	1,087,088	1,600,520	399,250	17,527	97,652	57,144	9,860
loans	14,438,279	7,616,725	40,680	290,240
hp & lease commitments
Accruals and Deferred Income
other liabilities	3,800				27,200
provisions	453,868
total long term liabilities	14,895,947	7,616,725	40,680	290,240	27,200
total liabilities	15,983,035	9,217,245	439,930	307,767	124,852	57,144	9,860
net assets	515,144	-3,171,638	2,224,424	769,110	-9,567	-5,579	-273
total shareholders funds	515,144	-3,171,638	2,224,424	769,110	-9,567	-5,579	-273

	Dec 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017
Operating Activities
Operating Profit	-7,593,323	-5,164,818	-958,041	-320,365	-4,231	-5,357	-373
Depreciation	81,921	33,823	14,783	11,935	1,500	826
Amortisation	12,242	12,595	9,736	6,761
Tax
Stock	1,462,379	289,588
Debtors	175,698	-228,084	516,180	266,439	56,083		100
Creditors	-102,360	206,605	365,040
Accruals and Deferred Income	-493,452	1,011,057	7,491	-93,325	97,292		360
Deferred Taxes & Provisions	453,868
Cash flow from operations	-9,279,181	-3,962,242	-1,077,171	-661,433	38,478	-4,531	-113
Investing Activities
capital expenditure	-522,036	-75,537	-69,668	-64,392	-280	-29,979	-9,110
Change in Investments
cash flow from investments	-522,036	-75,537	-69,668	-64,392	-280	-29,979	-9,110
Financing Activities
Bank loans	-6,000	-16,392	9,192	13,200
Group/Directors Accounts					-56,784	47,284	9,500
Other Short Term Loans	83,751
Long term loans	6,821,554	7,576,045	-249,560	290,240
Hire Purchase and Lease Commitments	4,629
other long term liabilities	3,800			-27,200	27,200
share issue	12,043,713	10,578	2,423,349	1,107,950	111		100
interest	-763,608	-241,822	-9,994	-8,908	132	51
cash flow from financing	18,187,839	7,328,409	2,172,987	1,375,282	-29,341	47,335	9,600
cash and cash equivalents
cash	8,386,622	3,290,630	1,026,148	649,457	8,857	12,825	377
overdraft
change in cash	8,386,622	3,290,630	1,026,148	649,457	8,857	12,825	377

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for trojan energy limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in AB12 area or any other competitors across 12 key performance metrics.

TROJAN ENERGY LIMITED group structure

Trojan Energy Limited has no subsidiary companies.

Ultimate parent company

TROJAN ENERGY LIMITED

SC547728

TROJAN ENERGY LIMITED Shareholders

scottish investments limited	38.07%
bgf investments lp	22.32%
scottish enterprise	9.18%
mr ian roderick mackenzie	3.99%
mr hugh mackenzie	3.99%
mr alexander thom	3.71%
mr ashley thomson	3.38%
bgf uk enterprise fund 2 lp	2.68%
balintore farms lp	2.44%
impact ventures scotland ltd	1.11%

Trojan Energy Limited currently has 5 directors. The longest serving directors include Mr Ian MacKenzie (Oct 2016) and Mr Christopher Waples (Dec 2023).

officer	country	age	start	end	role
Mr Ian MacKenzie		48 years	Oct 2016	-	Director
Mr Christopher Waples		66 years	Dec 2023	-	Director
Mr Terence Hart		59 years	Dec 2023	-	Director
Ms Jennifer Heiton	United Kingdom	44 years	Dec 2023	-	Director
Mr John Devine	Scotland	30 years	Apr 2024	-	Director

P&L

December 2023

turnover

17.7m

+276%

operating profit

-7.6m

gross margin

38.5%

-23.72%

turnover

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

Balance Sheet

December 2023

net assets

515.1k

-1.16%

total assets

16.5m

+1.73%

cash

13.4m

+1.68%

net assets

Total assets minus all liabilities

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company number

SC547728

Type

Private limited with Share Capital

industry

35130 - Distribution of electricity

incorporation date

October 2016

ultimate parent company

None

previous names

N/A

address

w-zero-1 building, energy transition zone, aberdeen, AB12 3LE

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 trojan energy limited. Currently there are 3 open charges and 2 have been satisfied in the past.

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trojan energy limited Company Information

trojan energy limited Estimated Valuation

trojan energy limited Estimated Valuation

trojan energy limited Estimated Valuation

Trojan Energy Limited Overview

Trojan Energy Limited Health Check

TROJAN ENERGY LIMITED financials

trojan energy limited Credit Report and Business Information

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trojan energy limited Ownership

trojan energy limited directors

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