ENERGY TRANSITION GROUP LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-14 (in 6mo)
Last made up 2025-10-31
Watchouts
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
-£167M
-115.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £8,796,000,000 | £5,530,000,000 | |
| Operating profit | £86,000,000 | -£63,000,000 | |
| Profit before tax | £1,061,000,000 | -£167,000,000 | |
| Net profit | £817,000,000 | -£135,000,000 | |
| Cash | £572,000,000 | — | |
| Total assets less current liabilities | — | — | |
| Net assets | -£299,000,000 | — | |
| Equity | -£299,000,000 | — | |
| Average employees | 5,009 | — | |
| Wages | £261,000,000 | — | |
| Directors' remuneration | £822,000 | — |
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
-37.1%
£8,796,000,000 £5,530,000,000
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
-173.3%
£86,000,000 -£63,000,000
-
Profit before tax
-115.7%
£1,061,000,000 -£167,000,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.0% | -1.1% | |
| Net margin | 9.3% | -2.4% | |
| Gearing (liabilities / total assets) | 113.6% | — | |
| Current ratio | 0.77x | — | |
| Interest cover | 1.04x | -0.74x |
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 2 times since incorporation — the current trading name was adopted 2026-02-27
- ENERGY TRANSITION GROUP LTD 2026-02-27 → present
- OVO GROUP LTD 2015-08-15 → 2026-02-27
- OVO ENERGY (GROUP) LTD 2014-01-27 → 2015-08-15
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Mark Skedgel for and on behalf of PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis as the Directors have assessed that there is a reasonable expectation that the Group and Company will be able to continue in operation and meet their commitments as they fall due over the going concern period... until at least 30 September 2026.”
Group structure
- ENERGY TRANSITION GROUP LTD · parent
- OVO Holdings Ltd 100%
- OVO Finance Ltd 100%
- OVO Energy Ltd 100%
- OVO Electricity Ltd 100%
- OVO Gas Ltd 100%
- Spark Gas Shipping Ltd 100%
- Kaluza Holdings 1 Ltd 100%
- Kaluza Holdings 2 Ltd 100%
- Kaluza Ltd 84.79%
- Kaluza (US) LLC 100%
- Kaluza Pty Ltd 100%
- OVO Field Force Ltd 100%
- Corgi Homeplan Ltd 100%
- Kantan Ltd 91.84%
- Intelligent Energy Technology Ltd 100%
- OVO Insurance Services Ltd 100%
- OVO Energy Spain SL 0%
Significant events
- “In 2024, we launched Beyond, the UK’s first Energy Savings Account.”
- “We made the grid greener through a partnership with Community Energy (ACE) turbine.”
- “We bolstered our leadership team with new appointments.”
- “Group refinancing completed.”
- “Acquisition of Imagination Industries Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CASEY, Vincent | Secretary | 2016-02-04 | — | — |
| CASEY, Vincent Francis | Director | 2018-06-08 | Feb 1983 | British |
| DASGUPTA, Kunal | Director | 2022-12-15 | Jun 1976 | British |
| FITZPATRICK, Stephen James | Director | 2014-01-27 | Sep 1977 | British |
| ISHIBASHI, Takashi | Director | 2026-03-16 | Oct 1980 | Japanese |
| SASAKI, Daniel William | Director | 2015-04-17 | Jul 1963 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTTRESS, David | Director | 2025-05-01 | 2025-12-01 |
| CALCOTT, Sarah | Director | 2016-02-04 | 2017-03-20 |
| CARTWRIGHT, Stacey Lee | Director | 2021-01-18 | 2021-07-19 |
| CASTELL, William Thomas | Director | 2021-01-18 | 2021-10-28 |
| COX, Jonson | Director | 2025-09-01 | 2026-02-18 |
| DAVIES, James Russell | Director | 2025-05-01 | 2026-01-16 |
| FITZPATRICK, Sophie | Director | 2015-01-28 | 2018-08-30 |
| GHADIA, Jayne-Anne | Director | 2025-09-01 | 2026-02-18 |
| HOUGHTON, Christopher Paul | Director | 2015-01-28 | 2018-11-30 |
| LETTS, Adrian James | Director | 2019-01-07 | 2022-03-01 |
| MUROMOTO, Go | Director | 2022-01-01 | 2026-03-16 |
| MURPHY, Stephen Thomas | Director | 2015-01-28 | 2024-03-01 |
| OWEN, Jonathan Wyn | Director | 2015-12-09 | 2018-01-25 |
| SUZUKI, Atsushi | Director | 2019-02-13 | 2022-01-01 |
| WASS, Niall Fraser | Director | 2015-12-09 | 2021-01-12 |
| OVAL NOMINEES LIMITED | Corporate Director | 2014-01-27 | 2014-01-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Energy Transition Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-03-07 | Active |
| Imagination Industries Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2023-03-07 |
Filing timeline
Last 20 of 167 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-27 CERTNM Certificate change of name company
- 2026-02-27 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-02-27 | CONNOT | change-of-name | Change of name notice | |
| 2026-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-27 | SH01 | capital | Capital allotment shares | |
| 2025-01-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-11 | AA | accounts | Accounts with accounts type audit exemption subsiduary |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 5
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.