OCTOPUS ENERGY OPERATIONS 2 LIMITED
Get an alert when OCTOPUS ENERGY OPERATIONS 2 LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-04-30
Overdue
Confirmation statement due
2027-03-25 (in 10mo)
Last made up 2026-03-11
Watchouts
Cash
£47M
Latest balance sheet
Net assets
£181M
Equity attributable
Employees
1,246
Average over period
Profit before tax
£132M
Period ending 2024-04-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-04-30.
-
Material uncertainty over going concern
Accordingly, the going concern basis of preparation is no longer appropriate as at 30 April 2024. This is because there is a significant likelihood that the company will start a process towards dissolution in the period to 30 September 2025 and, as such, a basis other than that of going concern has been applied in preparing these financial statements.
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-04-30
| Metric | Trend | 2022-12-31 | 2024-04-30 |
|---|---|---|---|
| Turnover | £2,815,766,000 | £4,047,189,000 | |
| Operating profit | -£351,215,000 | -£15,635,000 | |
| Profit before tax | -£433,401,000 | £132,055,000 | |
| Net profit | -£365,040,000 | £133,298,000 | |
| Cash | £214,604,000 | £47,056,000 | |
| Total assets less current liabilities | £24,444,000 | £181,330,000 | |
| Net assets | £24,087,000 | £181,330,000 | |
| Equity | £24,087,000 | £181,330,000 | |
| Average employees | 1,341 | 1,246 | |
| Wages | £51,802,000 | £74,293,000 | |
| Directors' remuneration | £1,214,000 | £1,730,000 |
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
FY2022 → FY2024 · period ending 2024-04-30 vs 2022-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2024-04-30 |
|---|---|---|---|
| Operating margin | -12.5% | -0.4% | |
| Net margin | -13.0% | 3.3% | |
| Return on capital employed | -1436.8% | -8.6% | |
| Gearing (liabilities / total assets) | 97.6% | 64.8% | |
| Current ratio | 0.97x | 1.54x | |
| Interest cover | -16.26x | -4.20x |
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 2 times since incorporation
- OCTOPUS ENERGY OPERATIONS 2 LIMITED 2023-12-04 → present
- SHELL ENERGY RETAIL LIMITED 2019-03-22 → 2023-12-04
- FIRST UTILITY LIMITED 2004-03-11 → 2019-03-22
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Accordingly, the going concern basis of preparation is no longer appropriate as at 30 April 2024. This is because there is a significant likelihood that the company will start a process towards dissolution in the period to 30 September 2025 and, as such, a basis other than that of going concern has been applied in preparing these financial statements.”
Group structure
- OCTOPUS ENERGY OPERATIONS 2 LIMITED · parent
- Octopus Energy Poland Operations Sp. z o.o. 100%
Significant events
- “On 3 July 2023 Shell Energy UK Limited, a subsidiary of the Company, was transferred to Shell New Energies Holding Limited (a company wholly owned by Shell plc).”
- “On 30 November 2023 the Company and its subsidiaries were sold to Octopus Energy Limited, part of Octopus Energy Group ("Octopus Energy Group").”
- “On 30 November 2023 the Company transferred its subsidiary company Octopus Germany Operations GmbH (formerly known as Shell Energy Retail GmbH) to Octopus Energy Germany GmbH.”
- “On 31 January 2024 the Company completed the sale of its broadband customers to TFP Telecoms 2 Limited (a subsidiary of TalkTalk Group).”
- “On 4 December 2023 the Company changed its name to Octopus Energy Operations 2 Limited and its year end to 30 April 2024 to align with the year end of the Octopus Energy Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWIE, John | Director | 2023-11-30 | May 1978 | Australian |
| EDDISON, James Andrew | Director | 2023-11-30 | Dec 1971 | British |
| HULATT, Christopher Robert | Director | 2023-11-30 | Aug 1976 | British |
| JACKSON, Greg Sean | Director | 2023-11-30 | Sep 1971 | British |
| JACKSON, Stuart Keith | Director | 2023-11-30 | Feb 1973 | British |
| ROGERSON, Simon Andrew | Director | 2023-11-30 | Jul 1974 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HENCHLEY, Malcolm Victor | Secretary | 2018-02-28 | 2023-11-30 |
| MAGUIRE, Terence John, Mr. | Secretary | 2004-03-11 | 2018-02-28 |
| CHETTLEBURGHS SECRETARIAL LTD | Corporate Nominee Secretary | 2004-03-11 | 2004-03-11 |
| BRAHAM, Darren Spencer | Director | 2004-03-11 | 2018-02-28 |
| COLLIER, Susannah Dallison | Director | 2018-02-28 | 2019-07-31 |
| CROOKS, Colin Andrew | Director | 2018-02-28 | 2023-08-01 |
| DAECHE, Mark | Director | 2008-10-17 | 2018-02-28 |
| DARCY, Dave | Director | 2012-08-16 | 2014-01-06 |
| DAVIS, Brian Charles | Director | 2018-02-28 | 2020-04-06 |
| HENDERSON, Robert Joseph | Director | 2023-08-01 | 2023-11-30 |
| HENDERSON, Robert Joseph | Director | 2019-07-31 | 2022-01-18 |
| HUMPHREY, Nicholas Martin | Director | 2020-06-26 | 2023-11-30 |
| JACKSON, Stuart Keith | Director | 2023-11-30 | 2023-11-30 |
| JEFFS, John Benedict | Director | 2009-11-05 | 2011-03-28 |
| KAMM, Ed John | Director | 2012-10-09 | 2018-02-28 |
| KAMM, Edmund John | Director | 2020-12-01 | 2021-12-10 |
| KEELING, Anthony Edward | Director | 2021-12-10 | 2023-11-30 |
| MAGUIRE, Terence John, Mr. | Director | 2004-03-11 | 2018-02-28 |
| MCCAIG, Ian | Director | 2012-08-16 | 2017-10-05 |
| MOIR, Martin | Director | 2012-08-16 | 2018-02-28 |
| MOONEY, Louise Mary | Director | 2019-02-01 | 2020-01-01 |
| SIMKINS, Daniel Mark | Director | 2005-03-11 | 2009-12-31 |
| STOKES, Thomas Paul | Director | 2018-02-28 | 2019-02-01 |
| SWANSTON, Bianca | Director | 2020-01-01 | 2020-06-27 |
| WILKINS, Bill | Director | 2012-08-16 | 2018-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Octopus Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-11-30 | Active |
| Impello Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-11-30 |
Filing timeline
Last 20 of 160 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-04 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-03-26 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-03 | AA | accounts | Accounts with accounts type full | |
| 2024-05-30 | CH01 | officers | Change person director company with change date | |
| 2024-04-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-15 | AA01 | accounts | Change account reference date company current extended | |
| 2023-12-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-04 | AA | accounts | Accounts with accounts type full | |
| 2023-12-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 1
- 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.