KINECX ENERGY LIMITED
Formerly known as Firmus Energy, the company is a subsidiary of Deka Energy Enterprises Limited that develops, operates, and maintains a gas distribution network across Northern Ireland.
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Cash
£22m
+20.7% highest in 3 filed years
Net assets
-£13m
-102.5% lowest in 3 filed years
Employees
68
-38.2% lowest in 3 filed years
Profit before tax
£14m
-70.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £31,225,258 | £39,927,690 | £40,361,144 | +1.1% | |
| Operating profit | £14,398,411 | £22,578,926 | £25,189,587 | +11.6% | |
| Profit before tax | £5,158,299 | £46,296,982 | £13,812,433 | -70.2% | |
| Net profit | £3,830,109 | £43,759,103 | £10,914,808 | -75.1% | |
| Cash | £5,814,095 | £18,022,690 | £21,753,078 | +20.7% | |
| Total assets less current liabilities | £199,410,258 | £188,136,503 | — | — | |
| Net assets | -£11,994,858 | -£6,553,961 | -£13,268,769 | -102.5% | |
| Equity | -£11,994,858 | -£6,553,961 | -£13,268,769 | -102.5% | |
| Average employees | 116 | 110 | 68 | -38.2% | |
| Wages | £6,681,068 | £6,072,693 | £4,160,631 | -31.5% | |
| Directors' remuneration | £360,849 | £390,510 | £1,419,713 | +263.6% | |
| Directors' pension contributions | £48,976 | £51,889 | £15,184 | -70.7% | |
| Highest paid director | £178,033 | £227,034 | £1,287,323 | +467% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 46.1% | 56.5% | 62.4% | |
| Net margin | 12.3% | 109.6% | 27.0% | |
| Return on capital employed | 7.2% | 12.0% | — | |
| Gearing (liabilities / total assets) | 105.6% | 103.2% | 106.1% | |
| Current ratio | 1.08x | 1.06x | 1.71x | |
| Interest cover | 1.33x | 2.30x | 2.21x |
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 — the current trading name was adopted 2025-09-17
- KINECX ENERGY LIMITED 2025-09-17 → present
- FIRMUS ENERGY (DISTRIBUTION) LIMITED 2006-05-04 → 2025-09-17
- BGE (NI) DISTRIBUTION LIMITED 2005-03-17 → 2006-05-04
- BEACHSWITCH LIMITED 2005-02-24 → 2005-03-17
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
Significant events
- “The Company completed the sale of its subsidiary, Firmus Energy (Supply) Limited, to Yuno Energy Services (Unlimited), effective from I November 2024. The sale resulted in a gain on disposal of £33,551,897 classified as profit on disposal of subsidiary in the prior year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CURRAN, Denise | Secretary | 2019-09-26 | — | — |
| DOBBIN, David, Dr | Director | 2020-01-01 | May 1955 | British |
| ELLIOTT, Stephen John | Director | 2022-10-01 | Dec 1957 | British |
| JONES, Sion Laurence | Director | 2019-03-01 | Apr 1974 | British |
| MARTINDALE, Niall | Director | 2022-07-01 | Sep 1974 | Irish |
| O'FLAHERTY, Peter Bartholomew | Director | 2019-11-20 | Jul 1973 | Irish |
| OBLATH, Richard Michael, Dr | Director | 2023-03-27 | Nov 1954 | British |
| PYPER, Jennifer Kathryn | Director | 2021-11-01 | Feb 1963 | Northern Irish |
| TERRINGTON, Paul Alexander | Director | 2026-06-01 | Jan 1964 | British |
| TOLLEY, Sophia | Director | 2019-11-20 | Nov 1987 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRY, Bartholomew Joseph | Secretary | 2005-03-16 | 2006-04-25 |
| BELL, Andrew Alexander Gregory | Secretary | 2014-06-30 | 2018-09-14 |
| MCKEOWN, Norman | Secretary | 2018-09-21 | 2019-08-30 |
| O'RIORDAN, William Gerard | Secretary | 2006-04-25 | 2011-12-08 |
| O'SULLIVAN, Richard David | Secretary | 2011-12-08 | 2014-06-30 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2005-02-24 | 2005-03-16 |
| BARRY, John | Director | 2007-09-03 | 2010-10-21 |
| BELL, Andrew Alexander Gregory | Director | 2014-06-30 | 2018-09-14 |
| BHUWANIA, Achal Prakash | Director | 2019-03-01 | 2019-11-20 |
| COWHIG, Ger | Director | 2014-05-28 | 2014-06-30 |
| DALTON, Patrick | Director | 2005-03-16 | 2006-03-31 |
| JOHNSON, Sarah Elizabeth | Director | 2017-06-08 | 2019-02-13 |
| KING, Deryk Irving | Director | 2014-06-30 | 2019-02-13 |
| KIRWAN, Michael David | Director | 2010-10-21 | 2014-05-30 |
| LANE, Margaret | Director | 2014-05-28 | 2014-06-30 |
| MALAN, Paul Richard | Director | 2014-06-30 | 2017-06-08 |
| MOORE, Peter John | Director | 2014-06-30 | 2019-02-13 |
| MULLINS, John | Director | 2011-06-16 | 2012-12-31 |
| O'BRIEN, Tom | Director | 2011-12-08 | 2014-05-30 |
| O'FLYNN, Joseph | Director | 2011-06-16 | 2014-05-30 |
| O'HANRAHAN, Patrick Pearse | Director | 2006-04-25 | 2010-06-12 |
| O'RIORDAN, Liam | Director | 2014-05-28 | 2014-06-30 |
| O'SULLIVAN, Michael | Director | 2014-10-22 | 2022-12-31 |
| O'SULLIVAN, Michael | Director | 2012-12-31 | 2013-03-26 |
| O'SULLIVAN, Michael | Director | 2006-12-08 | 2011-12-08 |
| REAVEY, Angela | Director | 2014-10-22 | 2023-08-31 |
| SCOTT, Michael Patrick Gerrard | Director | 2014-06-30 | 2021-10-19 |
| WALSH, Robert Gerard | Director | 2005-03-16 | 2007-07-31 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2005-02-24 | 2005-03-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Deka Energy Enterprises Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 164 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-17 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AA | accounts | Accounts with accounts type full | |
| 2026-06-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-11 | CH01 | officers | Change person director company with change date | |
| 2026-01-05 | CH01 | officers | Change person director company with change date | |
| 2025-09-17 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-09-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-22 | CH01 | officers | Change person director company with change date | |
| 2025-07-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2024-09-17 | AA | accounts | Accounts with accounts type full | |
| 2024-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.