SSE SERVICES PLC
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Cash
—
Latest balance sheet
Net assets
-£82m
-186.7% vs 2025
Employees
2,676
-1% vs 2025
Profit before tax
-£163m
+20.6% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £215,600,000 | £210,500,000 | £254,400,000 | +20.9% | |
| Operating profit | -£129,800,000 | -£154,000,000 | -£140,400,000 | +8.8% | |
| Profit before tax | -£181,100,000 | -£205,200,000 | -£162,900,000 | +20.6% | |
| Net profit | -£129,000,000 | -£161,500,000 | -£128,700,000 | +20.3% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £898,300,000 | £729,800,000 | £507,000,000 | -30.5% | |
| Net assets | -£186,900,000 | £94,500,000 | -£81,900,000 | -186.7% | |
| Equity | -£186,900,000 | £94,500,000 | -£81,900,000 | -186.7% | |
| Average employees | 2,413 | 2,703 | 2,676 | -1% | |
| Wages | £85,300,000 | £91,300,000 | £87,200,000 | -4.5% | |
| Directors' remuneration | £1,800,000 | £2,500,000 | £3,500,000 | +40% | |
| Directors' pension contributions | — | £100,000 | £100,000 | 0% | |
| Highest paid director | £900,000 | £1,600,000 | £2,200,000 | +37.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -60.2% | -73.2% | -55.2% | |
| Net margin | -59.8% | -76.7% | -50.6% | |
| Return on capital employed | -14.4% | -21.1% | -27.7% | |
| Gearing (liabilities / total assets) | 116.4% | 90.3% | 110.7% | |
| Current ratio | 3.10x | 2.30x | 1.41x | |
| Interest cover | -2.14x | -2.61x | -4.44x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- SSE SERVICES PLC 2001-10-04 → present
- SOUTHERN ELECTRIC PLC 1989-04-01 → 2001-10-04
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis which has been supported by the provision of a parental letter of support from SSE plc to its subsidiaries (together forming the "Group").”
Group structure
- SSE SERVICES PLC · parent
- SSE(SE) Quest Trustee Limited 100%
- SSE Trustees Limited 100%
- SSE OWS Glasgow Limited 100%
- Electricity Pensions Trustee Limited 6.84%
- Electricity Pensions Limited 3.85%
- Northmere Limited 5.56%
- Smart Energy Code Company Limited 32%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAWNS, Peter Grant | Secretary | 2014-11-26 | — | — |
| BINNIE, Andrew David Graeme | Director | 2026-04-23 | Jun 1974 | British |
| STEWART, Elizabeth-May | Director | 2025-01-20 | Jul 1977 | British |
| STEWART, John William | Director | 2010-03-22 | Mar 1970 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DONNELLY, Lawrence John Vincent | Secretary | 2000-05-19 | 2014-11-26 |
| DONNELLY, Lawrence John Vincent | Secretary | 1999-02-04 | 1999-05-01 |
| HEARSEY, Peter Geoffrey | Secretary | 1996-12-31 | 1997-04-28 |
| MORRIS, Derek Aubrey Goodall | Secretary | — | 1996-12-31 |
| WALKER, Hazel Louise | Secretary | 1999-05-01 | 2000-05-19 |
| WALKER, Hazel Louise | Secretary | 1997-04-28 | 1999-02-04 |
| ALEXANDER, Fraser Mcgregor | Director | 2017-11-03 | 2023-12-01 |
| ALEXANDER, Fraser Mcgregor | Director | 2002-10-01 | 2013-08-19 |
| ALEXANDER, Fraser Mcgregor | Director | 1999-06-30 | 2002-03-26 |
| CASLEY, Henry Roberts | Director | — | 1999-01-05 |
| COATES, Kenneth Howard | Director | — | 1998-04-04 |
| DEANE, John Wesley | Director | — | 1996-05-28 |
| DONNELLY, Lawrence John Vincent | Director | 2010-03-22 | 2013-08-19 |
| FARMER, Edwin Bruce, Dr | Director | 1998-04-01 | 1999-06-30 |
| FORBES, James Alexander | Director | — | 2002-09-30 |
| HART, James, Doctor | Director | — | 2001-03-31 |
| HOOD, Colin William | Director | 2002-03-26 | 2011-10-31 |
| HOOD, Colin William | Director | 1999-06-30 | 2001-09-28 |
| MARCHANT, Ian Derek | Director | 1996-06-01 | 2013-06-30 |
| MCDONALD, Robert | Director | 2016-10-31 | 2019-01-18 |
| MCPHILLIMY, James | Director | 2010-03-22 | 2016-10-31 |
| O'REGAN, Barry | Director | 2023-12-01 | 2026-04-23 |
| ODGERS, Graeme David William | Director | 1998-04-01 | 1999-01-05 |
| PHILLIPS-DAVIES, Paul Morton Alistair | Director | 2010-03-22 | 2013-08-19 |
| ROPER, Peter John | Director | 1999-06-30 | 2002-01-31 |
| ROSS, Duncan Alexander | Director | — | 1993-05-31 |
| STOUGHTON-HARRIS, Anthony Geoffrey | Director | — | 1998-12-14 |
| TIMPSON, Nicholas George Lawrence | Director | — | 1999-01-05 |
| WILSON, Geoffrey Hazlitt, The Honourable | Director | — | 1996-07-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sse Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 539 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-07 | AA | accounts | Accounts with accounts type full | |
| 2021-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-07 | AA | accounts | Accounts with accounts type full | |
| 2020-06-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.