INDEPENDENT POWER NETWORKS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-30 (in 5mo)
Last made up 2025-10-16
Watchouts
None on the register
Cash
£200
-99.8% vs 2023
Net assets
£76M
+1.1% vs 2023
Employees
0
Average over period
Profit before tax
£1M
+1,635.8% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £13,297,011 | £15,694,190 | |
| Operating profit | £313,265 | £1,802,926 | |
| Profit before tax | -£83,088 | £1,276,057 | |
| Net profit | -£55,525 | £965,324 | |
| Cash | £104,642 | £200 | |
| Total assets less current liabilities | £99,293,309 | £100,081,066 | |
| Net assets | £75,392,525 | £76,242,178 | |
| Equity | £75,392,525 | £76,242,178 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | £0 | £0 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+18%
£13,297,011 £15,694,190
-
Cash
-99.8%
£104,642 £200
-
Net assets
+1.1%
£75,392,525 £76,242,178
-
Employees
—
Not reported
-
Operating profit
+475.5%
£313,265 £1,802,926
-
Profit before tax
+1,635.8%
-£83,088 £1,276,057
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.4% | 11.5% | |
| Net margin | -0.4% | 6.2% | |
| Return on capital employed | 0.3% | 1.8% | |
| Current ratio | 0.21x | 0.25x | |
| Interest cover | 0.79x | 3.42x |
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
- INDEPENDENT POWER NETWORKS LIMITED 2003-11-25 → present
- MC299 LIMITED 2003-10-16 → 2003-11-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the above, the Directors have a reasonable expectation that the Company can continue to meet its liabilities as they fall due, for a period of at least 12 months from the date of this annual report. Accordingly, they have prepared the financial statements on the going concern basis.”
Significant events
- “The UK government introduced the Energy Act 2023, naming OFGEM, the future regulator for heat networks across England, Scotland and Wales. It has been determined that the new regulations will have no negative impact on the Group's future business prospects.”
- “SoLR revenue represents pass-through revenue associated with the Electricity Supplier of Last resort costs recovery process, requiring additional billing by the Company on behalf of Distrubution Network Operators from April 2022.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MUMFORD, Christopher Paul | Secretary | 2006-07-27 | — | British |
| BRETT, Richard Mark | Director | 2023-07-28 | Jun 1985 | British |
| HOCKMAN, Samuel | Director | 2025-03-31 | Sep 1982 | British |
| LINSDELL, Clive Eric | Director | 2013-01-25 | Mar 1962 | British |
| OVERMAN, David Walter | Director | 2013-01-25 | Jan 1961 | British |
| TROUNSON, John | Director | 2017-12-01 | Dec 1966 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEE, Simon John | Secretary | 2013-03-11 | 2016-06-17 |
| MANNING, Edward Andrew | Secretary | 2023-11-06 | 2024-06-25 |
| STANDRING, Susan Lisa | Secretary | 2016-08-18 | 2022-04-20 |
| WARD, Russell Adrian Edmund | Secretary | 2003-11-24 | 2006-07-27 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2003-10-16 | 2003-11-24 |
| CORNEY, Darryl John | Director | 2006-06-21 | 2023-07-28 |
| HINDLE, Nicola Ruth | Director | 2021-04-14 | 2023-12-20 |
| HOUGHTON, David Patrick | Director | 2003-11-24 | 2006-06-16 |
| MARSH, John Graham | Director | 2007-01-08 | 2013-01-25 |
| MURRAY, Robert James Matthews | Director | 2006-07-27 | 2011-03-31 |
| SHAW, Neil Edward | Director | 2024-05-09 | 2025-09-17 |
| SHAW, Neil Edward | Director | 2013-01-25 | 2013-12-31 |
| WARD, Russell Adrian Edmund | Director | 2006-12-21 | 2012-12-17 |
| WARD, Russell Adrian Edmund | Director | 2003-11-24 | 2006-09-22 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2003-10-16 | 2003-11-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inexus Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 101 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-06-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-04-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-14 | AA | accounts | Accounts with accounts type full | |
| 2021-04-14 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.