OPUS ENERGY LIMITED
Operating as a subsidiary of the listed power generation business Drax Group plc, the company supplies gas and renewable electricity to small and medium-sized enterprises across the United Kingdom.
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Cash
£279K
-1.4% vs 2023
Net assets
-£75M
-274.7% vs 2023
Employees
440
-27.4% vs 2023
Profit before tax
-£67M
-94.3% 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 | £562,699,000 | £344,464,000 | -38.8% | |
| Operating profit | -£28,973,000 | -£64,559,000 | -122.8% | |
| Profit before tax | -£34,606,000 | -£67,248,000 | -94.3% | |
| Net profit | -£26,533,000 | -£53,286,000 | -100.8% | |
| Cash | £283,000 | £279,000 | -1.4% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | -£20,046,000 | -£75,121,000 | -274.7% | |
| Equity | -£20,046,000 | -£75,121,000 | -274.7% | |
| Average employees | 606 | 440 | -27.4% | |
| Wages | £22,097,000 | £24,821,000 | +12.3% | |
| Directors' remuneration | — | — | — |
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 | -5.1% | -18.7% | |
| Net margin | -4.7% | -15.5% | |
| Current ratio | 0.89x | 0.45x | |
| Interest cover | -5.14x | -16.32x |
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
- OPUS ENERGY LIMITED 2002-09-23 → present
- OXFORD POWER LIMITED 2002-02-26 → 2002-09-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that, with confirmation of Group support and participation in the cash pool arrangement, the Company has adequate resources to continue in existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 26 June 2024, the company agreed to sell the majority of its customer meter points to EDF Energy Customers Limited. The transaction was an asset sale under an Asset Purchase Agreement and completed on 1 September 2024.”
- “On 20 February 2025, the Company agreed to sell the majority of its remaining customer meter points to Pozitive Energy Limited. The sale also includes the transfer of receivables balances relating to these customer points. The transaction is an asset sale under an Asset Purchase Agreement and completed on 1 May 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNN, Rebecca | Secretary | 2026-03-19 | — | — |
| GARDINER, Dwight Daniel Willard | Director | 2017-02-10 | Jun 1964 | British,American |
| LEMMINK, Frank Hendrikus | Director | 2025-10-03 | Apr 1968 | Dutch |
| PEACOCK, Daniel Andrew | Director | 2026-03-19 | Mar 1979 | British |
| SHEFFIELD, Paul Nathan | Director | 2019-09-04 | Feb 1975 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROADLEY, Graham John | Secretary | 2002-02-26 | 2009-05-01 |
| GLADDEN, Brett | Secretary | 2019-02-01 | 2025-12-05 |
| MCCALLUM, David | Secretary | 2017-02-10 | 2019-01-31 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 2002-02-26 | 2002-02-26 |
| BOLAND, Louise Douglas | Director | 2006-05-10 | 2017-02-10 |
| BOYLAN, Timothy Edward | Director | 2002-10-11 | 2017-02-10 |
| CROSSLEY COOKE, Charles Kenneth | Director | 2002-02-26 | 2017-02-10 |
| ESIRI, Frederick William Andrew | Director | 2004-12-01 | 2017-02-10 |
| ESIRI, Mark Leslie Vivian | Director | 2002-04-13 | 2006-05-10 |
| FLANDERS, Nicola Karen | Director | 2017-11-08 | 2019-03-06 |
| FOSTER, Stephen Edmund | Director | 2011-02-08 | 2017-02-10 |
| GOULTON, Carl | Director | 2018-01-17 | 2020-03-31 |
| KERSLAKE, Martin Kenneth | Director | 2003-04-10 | 2004-03-31 |
| KINI, Jonathan Anantha | Director | 2017-02-10 | 2019-09-04 |
| MAITLAND, Daniel Swift | Director | 2011-10-05 | 2016-04-14 |
| NASH, Andrew John | Director | 2011-10-05 | 2017-02-10 |
| SENA, Alexander William | Director | 2016-04-14 | 2017-02-10 |
| SKELTON, Andrew Keith | Director | 2019-06-13 | 2025-10-03 |
| STOCKBRIDGE, Ian James | Director | 2011-10-05 | 2017-02-10 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 2002-02-26 | 2002-02-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Opus Energy Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 166 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-05-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-12-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-16 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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.