E.ON NEXT ENERGY LIMITED
Operating under the E.ON Next and npower Business Solutions brands, the company is the UK retail energy supply subsidiary of the German multinational utility group E.ON SE, providing gas and electricity to domestic and commercial customers.
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Cash
£209M
+4% vs 2023
Net assets
£150M
+200% vs 2023
Employees
3,852
+16% vs 2023
Profit before tax
£24M
-83.4% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £12,325,000,000 | £7,941,000,000 | -35.6% | |
| Operating profit | £133,000,000 | £33,000,000 | -75.2% | |
| Profit before tax | £145,000,000 | £24,000,000 | -83.4% | |
| Net profit | £159,000,000 | £100,000,000 | -37.1% | |
| Cash | £201,000,000 | £209,000,000 | +4% | |
| Total assets less current liabilities | £519,000,000 | £617,000,000 | +18.9% | |
| Net assets | £50,000,000 | £150,000,000 | +200% | |
| Equity | £50,000,000 | £150,000,000 | +200% | |
| Average employees | 3,321 | 3,852 | +16% | |
| Wages | £100,000,000 | £123,000,000 | +23% | |
| Directors' remuneration | £644,014 | £705,928 | +9.6% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.1% | 0.4% | |
| Net margin | 1.3% | 1.3% | |
| Return on capital employed | 25.6% | 5.3% | |
| Gearing (liabilities / total assets) | 98.1% | 92.9% | |
| Current ratio | 1.01x | 1.18x | |
| Interest cover | — | 3.67x |
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 3 times since incorporation
- E.ON NEXT ENERGY LIMITED 2020-06-03 → present
- NPOWER DIRECT LIMITED 2000-09-18 → 2020-06-03
- NITROGEN TWO LIMITED 1999-11-05 → 2000-09-18
- HACKREMCO (NO.1496) LIMITED 1999-06-04 → 1999-11-05
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements and therefore have prepared these financial statements on the going concern basis.”
Significant events
- “On 1 March 2024, the Company acquired certain assets and liabilities in relation to the ECO Obligation business from E.ON Energy Solutions Limited ('E.ON Energy'), a fellow group undertaking.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GANDLEY, Deborah | Secretary | 2020-06-02 | — | — |
| BRADBURY, Helen | Director | 2023-06-22 | Apr 1975 | British |
| BROOKS, Richard John | Director | 2024-01-19 | Jul 1980 | British |
| NORBURY, Christopher Stephen | Director | 2020-06-02 | Sep 1974 | British |
| VLASIU, Ramona Nicoleta | Director | 2022-02-14 | Dec 1977 | Romanian |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWDEN, Michael | Secretary | 2000-09-13 | 2006-06-30 |
| CHAPMAN, Glenn William | Secretary | 2017-01-01 | 2020-06-02 |
| KEENE, Jason Anthony | Secretary | 2004-11-01 | 2016-12-31 |
| SWANSON, Andrew John | Secretary | 1999-11-15 | 2000-09-13 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-06-04 | 1999-11-12 |
| BARR, Christian | Director | 2020-07-16 | 2022-07-04 |
| BOWDEN, Michael | Director | 2003-01-06 | 2006-11-20 |
| BROWN, Graham Austin | Director | 1999-11-15 | 2000-09-13 |
| CLARK, Jason Lee | Director | 2010-05-01 | 2012-12-31 |
| COUNT, Brian Morrison, Dr | Director | 1999-11-15 | 2003-09-01 |
| DI VITA, Giuseppe | Director | 2008-10-01 | 2012-12-31 |
| DUFF, Andrew James | Director | 2000-09-13 | 2008-10-01 |
| EATON, Jodie | Director | 2012-12-31 | 2016-12-31 |
| FLETCHER, Stephen Paul | Director | 2000-09-13 | 2002-09-24 |
| FRENCH, Michael Robert | Director | 2020-08-19 | 2021-10-31 |
| JOHNSON, Christopher Ian | Director | 2007-10-01 | 2012-04-29 |
| LEWIS, Michael David | Director | 2020-06-02 | 2023-05-31 |
| LYNCH-WILLIAMS, Julia | Director | 2008-10-01 | 2010-04-30 |
| MADRIAN, Jens, Dr | Director | 2012-06-29 | 2013-02-18 |
| MAGER, Sascha, Dr | Director | 2020-07-20 | 2021-12-31 |
| MASSARA, Paul Joseph | Director | 2011-10-31 | 2012-12-31 |
| MIKLAS, Martin | Director | 2015-12-10 | 2016-06-30 |
| MILES, Kevin | Director | 2007-01-02 | 2011-10-31 |
| ROSE, Richard Lee | Director | 2013-02-18 | 2015-11-06 |
| SCAGELL, Jason Andrew | Director | 2013-04-15 | 2019-01-31 |
| SHARMAN, Peter Russell | Director | 2016-07-01 | 2019-11-30 |
| SHEAD, Christopher John | Director | 2022-07-04 | 2024-01-19 |
| STACEY, Simon Nicholas | Director | 2017-07-01 | 2020-06-02 |
| STACEY, Simon Nicholas | Director | 2009-07-07 | 2012-06-29 |
| SWANSON, Andrew John | Director | 1999-11-15 | 2000-09-13 |
| THEWLIS, Christopher James | Director | 2019-12-05 | 2020-06-02 |
| THRELFALL, David Lee | Director | 2004-11-01 | 2008-02-14 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 1999-06-04 | 1999-11-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| E.On Uk Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-06-02 | Active |
| Npower Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-05-31 | Ceased 2020-06-02 |
| Npower Group Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2018-05-21 |
Filing timeline
Last 20 of 163 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-24 | AD03 | address | Move registers to sail company with new address | |
| 2025-10-24 | AD02 | address | Change sail address company with new address | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-29 | CH01 | officers | Change person director company with change date | |
| 2024-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-03 | AA | accounts | Accounts with accounts type full | |
| 2023-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-06 | CH01 | officers | Change person director company with change date | |
| 2023-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-07-13 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-12 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-04 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.