OVO GAS LTD
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Cash
£86m
Latest balance sheet
Net assets
£267m
+8.5% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£28m
+75% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These conditions, along with the other matters explained in note 2 to the financial statements, indicate the existence of material uncertainties which may cast significant doubt about the company's ability to continue as a going concern.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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Going-concern uncertainty disclosed
Net assets
3-year trend · vs Consumer Discretionary 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 | £471,000,000 | £487,000,000 | £485,000,000 | -0.4% | |
| Operating profit | £7,000,000 | £9,000,000 | £9,000,000 | 0% | |
| Profit before tax | £9,000,000 | £16,000,000 | £28,000,000 | +75% | |
| Net profit | £7,000,000 | £12,000,000 | £21,000,000 | +75% | |
| Cash | — | £0 | £86,000,000 | — | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £27,000,000 | £246,000,000 | £267,000,000 | +8.5% | |
| Equity | £27,000,000 | £246,000,000 | £267,000,000 | +8.5% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.5% | 1.8% | 1.9% | |
| Net margin | 1.5% | 2.5% | 4.3% | |
| Current ratio | 14.50x | 62.50x | 39.14x | |
| Interest cover | — | 2.25x | 4.50x |
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
- OVO GAS LTD 2009-06-16 → present
- AURORA HOME ENERGY LTD 2008-11-19 → 2009-06-16
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These conditions, along with the other matters explained in note 2 to the financial statements, indicate the existence of material uncertainties which may cast significant doubt about the company's ability to continue as a going concern.”
Significant events
- “On 11 May 2026, the OVO Group announced that it had agreed the sale of its UK energy retail business to E.ON. The UK energy retail business includes the Company. The sale is subject to regulatory approvals and is expected to complete in the second half of 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GADHIA, Jayne-Anne, Dame | Director | 2025-11-21 | Oct 1961 | British |
| HOUGHTON, Christopher Paul | Director | 2025-11-21 | Dec 1978 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLACK, Kristopher John | Secretary | 2009-07-21 | 2009-12-14 |
| CASEY, Vincent | Secretary | 2016-02-04 | 2024-12-13 |
| DAVIES, James Russell | Secretary | 2024-12-13 | 2026-01-16 |
| FITZPATRICK, Sophia | Secretary | 2008-11-19 | 2009-07-21 |
| BHATIA, Raman | Director | 2021-01-18 | 2024-05-31 |
| BLACK, Kristopher John | Director | 2009-07-21 | 2009-12-14 |
| BLAKE, Ben | Director | 2021-01-18 | 2021-11-30 |
| BUTTRESS, David | Director | 2024-05-31 | 2025-12-01 |
| CALCOTT, Sarah | Director | 2016-02-04 | 2017-03-20 |
| CASEY, Vincent Francis | Director | 2018-06-08 | 2024-12-13 |
| CASTELL, William Thomas | Director | 2021-01-18 | 2022-01-10 |
| DAVIES, James Russell | Director | 2024-12-13 | 2026-01-16 |
| FITZPATRICK, Stephen James | Director | 2022-08-30 | 2024-12-13 |
| FITZPATRICK, Stephen | Director | 2008-11-19 | 2021-01-18 |
| HOUGHTON, Christopher Paul | Director | 2015-01-28 | 2018-11-30 |
| LETTS, Adrian James | Director | 2019-01-07 | 2022-03-01 |
| MURPHY, Stephen Thomas | Director | 2015-01-28 | 2021-01-18 |
| OWEN, Jonathan Wyn | Director | 2015-12-09 | 2018-01-25 |
| WASS, Niall Fraser | Director | 2015-12-09 | 2021-01-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ovo Energy Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 113 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-30 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-02-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | AD02 | address | Change sail address company with old address new address | |
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-30 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-12-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-09-09 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 3
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.