ETHICAL POWER CONNECTIONS LTD
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2026-11-26 (in 6mo)
Last made up 2025-11-12
Watchouts
Cash
£2M
+116.3% highest in 5 filed years
Net assets
-£5M
+11.4% vs 2023
Employees
84
+58.5% highest in 5 filed years
Profit before tax
£959K
+130.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-03-31
| Metric | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £39,498,000 | £81,904,000 | |
| Operating profit | — | — | — | -£3,107,000 | £972,000 | |
| Profit before tax | — | — | — | -£3,128,000 | £959,000 | |
| Net profit | — | — | — | -£1,438,000 | £675,000 | |
| Cash | £23,978 | £3,548 | £561,017 | £1,073,000 | £2,321,000 | |
| Total assets less current liabilities | £180,014 | £251,002 | -£533,497 | -£5,603,000 | -£4,867,000 | |
| Net assets | £178,014 | £202,124 | -£851,899 | -£5,928,000 | -£5,253,000 | |
| Equity | £178,014 | £202,124 | -£851,899 | -£5,928,000 | -£5,253,000 | |
| Average employees | 4 | 7 | 17 | 53 | 84 | |
| Wages | — | — | — | £3,568,000 | £5,346,000 | |
| Directors' remuneration | — | — | — | £176,000 | £111,000 |
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
FY2023 → FY2024 · period ending 2024-03-31 vs 2023-03-31
-
Turnover
+107.4%
£39,498,000 £81,904,000
-
Cash
+116.3%
£1,073,000 £2,321,000
highest in 5 filed years
-
Net assets
+11.4%
-£5,928,000 -£5,253,000
-
Employees
+58.5%
53 84
highest in 5 filed years
-
Operating profit
+131.3%
-£3,107,000 £972,000
-
Profit before tax
+130.7%
-£3,128,000 £959,000
-
Wages
+49.8%
£3,568,000 £5,346,000
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 | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -7.9% | 1.2% | |
| Net margin | — | — | — | -3.6% | 0.8% | |
| Return on capital employed | — | — | — | 55.5% | -20.0% | |
| Current ratio | — | — | — | 0.81x | 0.87x | |
| Interest cover | — | — | — | -147.95x | 74.77x |
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 4 times since incorporation — the current trading name was adopted 2026-01-15
- ETHICAL POWER CONNECTIONS LTD 2026-01-15 → present
- ETHICAL POWER LTD 2024-10-31 → 2026-01-15
- ETHICAL POWER CONNECTIONS LTD. 2017-07-13 → 2024-10-31
- HIGH VOLTAGE CONTRACTORS LTD. 2015-06-26 → 2017-07-13
- ELECTRICAL DISTRIBUTION CONTRACTING LIMITED 2007-12-06 → 2015-06-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director has prepared cashflow forecasts and prepared a going concern assessment which indicates that the Company will have sufficient resources to meet its liabilities as they fall due. In reasonable possible downside scenarios, the Company may require additional support in order to meet its liabilities as they fall due during the going concern assessment period. Hive Energy Limited has indicated its intention to continue to provide financial and other support to Hive Ethical Holdings Limited and its subsidiaries and that it does not intend to seek repayment of the amounts currently due by the Group during the going concern assessment period.”
Significant events
- “On 25 October 2023 Ethical Power Group Limited acquired the 50% non-controlling interest formerly held by Andreas and Laura Fritzsche and as such became the 100% controlling shareholder of the Company. The Company subsequently underwent a restructure in management and review of efficiencies within its cost base, focused on delivering improvement in gross profit margins by updating the cost valuation reporting process.”
- “Post year end the Ethical Power Group announced an integration exercise for all of the Group's UK construction activities, alongside all of the commercial functions, with Ethical Power Connections Ltd becoming the main trading entity for the Group's UK activities moving forwards. Existing construction contracts will be retained within their current trading entities, all future UK Construction contracts are expected to be recorded with the accounts of Ethical Power Connections Ltd. This transaction will see the TUPE of all staff from Ethical Power Utilities Ltd, Ethical Power Development Ltd and Ethical Power Ltd into Ethical Power Connections Ltd, with staff costs and other Group services recharged to other Group entities based on utilisation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KNEEN, Thomas Edward Rufus | Director | 2017-07-26 | Oct 1984 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELEY, Laura | Secretary | 2007-12-06 | 2007-12-06 |
| FRITZSCHE, Andreas Mark | Secretary | 2007-12-06 | 2017-08-23 |
| INCORPORATE SECRETARIAT LIMITED | Corporate Nominee Secretary | 2007-12-06 | 2007-12-06 |
| FRITZSCHE, Andreas Mark | Director | 2015-06-15 | 2023-10-25 |
| FRITZSCHE, Laura Stephanie | Director | 2007-12-06 | 2023-10-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ethical Power Group Limited (Crn: 08623359) | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-07-27 | Active |
| Mr Andreas Mark Fritzsche | Individual | Significant influence | 2016-12-06 | Ceased 2023-10-25 |
Filing timeline
Last 20 of 75 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-15 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-02 | AA | accounts | Accounts with accounts type full | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-31 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-03-26 | AA | accounts | Accounts with accounts type full | |
| 2023-12-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-09 | SH08 | capital | Capital name of class of shares | |
| 2023-11-09 | SH08 | capital | Capital name of class of shares | |
| 2023-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-13 | AA | accounts | Accounts with accounts type full | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-27 | AA01 | accounts | Change account reference date company previous extended | |
| 2022-04-04 | RESOLUTIONS | resolution | Resolution | |
| 2022-04-02 | MA | incorporation | Memorandum articles | |
| 2021-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.