CITY ENERGY NETWORK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  -9%

  £147,057,607 → £133,781,638

• Cash

  -87%

  £39,330,796 → £5,131,103

• Net assets

  +21.8%

  £49,942,714 → £60,812,889

  highest in 5 filed years

• Employees

  +20.9%

  129 → 156

  highest in 5 filed years

• Operating profit

  -43.5%

  £24,366,569 → £13,766,878

• Profit before tax

  -45.3%

  £24,753,002 → £13,531,609

• Wages

  +12.4%

  £6,050,558 → £6,803,488

  highest in 5 filed years

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

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.

1. CITY ENERGY NETWORK LIMITED 2017-09-05 → present
2. CITY ENERGY SOUTH WALES LIMITED 2011-12-21 → 2017-09-05

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Following agreement of the restructuring, the directors have concluded that the group remains a going concern.”

Group structure

1. CITY ENERGY NETWORK LIMITED · parent
   1. City Energy Facilities Management Limited 100%

Significant events

• “On 8 March 2024, the company's ultimate parent, Diversity Network Holdings Limited, was acquired as part of a private equity investment and now forms part of a newly established group headed by Dragon 2023 Topco Limited.”
• “On 26 November 2025, the UK Government announced that the current phase of the Energy Company Obligation scheme (ECO4) would conclude on 31 March 2026, with no clarity on continuity or a successor scheme.”
• “At year end and post year end the Dragon Group was in breach of certain financial covenants in relation to the borrowing facilities.”
• “Following this announcement the directors engaged with the Dragon Group's principal lender, Oaktree Capital Management, agreement was reached after the period end to implement a restructuring of the Dragon Group.”
• “On 1 August 2025, the company declared an intercompany dividend of £45,922,148 to its immediate parent.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.