FUSE ENERGY SUPPLY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-09 (in 11mo)
Last made up 2026-03-26
Watchouts
None on the register
Cash
£473K
+253.9% vs 2023
Net assets
£922K
-84.9% vs 2023
Employees
42
+110% highest in 6 filed years
Profit before tax
-£8M
-55.6% vs 2023
Net assets
7-year trend · vs Utilities median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-01-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £1,929,104 | £15,267,677 | |
| Operating profit | — | — | — | — | — | -£3,472,991 | -£7,332,847 | |
| Profit before tax | — | — | — | — | — | -£5,024,282 | -£7,819,053 | |
| Net profit | — | — | — | — | — | -£3,890,629 | -£5,873,957 | |
| Cash | — | — | — | £41,973,317 | — | £133,719 | £473,192 | |
| Total assets less current liabilities | £100 | £100 | £100 | £3,180,494 | — | £16,602,962 | £23,537,663 | |
| Net assets | — | £100 | £100 | £249,244 | — | £6,099,757 | £921,912 | |
| Equity | £100 | £100 | £100 | £249,244 | — | £6,099,757 | £921,912 | |
| Average employees | 0 | 0 | 0 | 16 | — | 20 | 42 | |
| Wages | — | — | — | — | — | £1,821,995 | £4,638,124 | |
| Directors' remuneration | — | — | — | — | — | £112,095 | £180,000 |
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 2024-12-31 vs 2023-12-31
-
Turnover
+691.4%
£1,929,104 £15,267,677
-
Cash
+253.9%
£133,719 £473,192
-
Net assets
-84.9%
£6,099,757 £921,912
-
Employees
+110%
20 42
highest in 6 filed years
-
Operating profit
-111.1%
-£3,472,991 -£7,332,847
-
Profit before tax
-55.6%
-£5,024,282 -£7,819,053
-
Wages
+154.6%
£1,821,995 £4,638,124
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 | 2020-01-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -180.0% | -48.0% | |
| Net margin | — | — | — | — | — | -201.7% | -38.5% | |
| Return on capital employed | — | — | — | — | — | -20.9% | -31.2% | |
| Current ratio | — | — | — | — | — | -1.54x | -2.62x | |
| Interest cover | — | — | — | — | — | -2.24x | -15.08x |
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
- FUSE ENERGY SUPPLY LIMITED 2023-02-22 → present
- PADDINGTON POWER LIMITED 2013-04-02 → 2023-02-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Johnsons Financial Management Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors continually monitor the ability of the group and the company to operate as a going concern. After making enquiries of the ultimate parent company, the directors consider it is appropriate to prepare the financial statements on a going concern basis.”
Group structure
- FUSE ENERGY SUPPLY LIMITED · parent
- Two post solar limited 100%
- Netley Central Limited 100%
- Balnamoon Renewables Limited 100%
- EPG Netley Solar North Limited 100%
Significant events
- “Grant of UK gas shipper and supply licenses by OFGEM.”
- “Web product launched and improvements to app product.”
- “24/7 support available to customers.”
- “Netley central +3.6MWp expansion secured.”
- “Launch gas supply to complement electricity supply. The Gas license was obtained on 22 November 2024, and as of July 2025, FESL is supplying gas customers.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHANG, King Lun Alan | Director | 2023-01-27 | Sep 1993 | British |
| ORR, Charles James Robert | Director | 2022-02-28 | May 1996 | Irish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DODGSON, Kathryn Elizabeth | Director | 2014-11-03 | 2016-09-30 |
| KENNEDY, Nicholas Benson | Director | 2014-06-30 | 2022-02-26 |
| PETERS, Stephen Roy | Director | 2013-04-02 | 2014-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Charles James Robert Orr | Individual | Significant influence | 2022-03-29 | Active |
| Mr King Lun Alan Chang | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2022-03-29 | Active |
| Mr Nicholas Benson Kennedy | Individual | Significant influence | 2016-04-06 | Ceased 2022-03-28 |
Filing timeline
Last 20 of 62 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-22 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-17 | AA | accounts | Accounts with accounts type group | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-02 | CH01 | officers | Change person director company with change date | |
| 2024-07-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-02 | CH01 | officers | Change person director company with change date | |
| 2024-06-21 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-04-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-05-24 | CH01 | officers | Change person director company with change date | |
| 2023-05-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-22 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-02-08 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-06 | PSC04 | persons-with-significant-control | Change to a person with significant control |
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.