OCTOPUS ENERGY LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-05-14
Overdue
Watchouts
Cash
£580M
Latest balance sheet
Net assets
£681M
Equity attributable
Employees
2,445
Average over period
Profit before tax
£240M
Period ending 2025-04-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-14.
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Turnover | £7,972,700,000 | £9,722,000,000 | |
| Operating profit | £183,600,000 | £223,300,000 | |
| Profit before tax | £200,700,000 | £240,200,000 | |
| Net profit | £156,100,000 | £171,800,000 | |
| Cash | £328,100,000 | £580,000,000 | |
| Total assets less current liabilities | £962,300,000 | £1,001,100,000 | |
| Net assets | -£1,600,000 | £681,300,000 | |
| Equity | -£1,600,000 | £681,300,000 | |
| Average employees | 1,713 | 2,445 | |
| Wages | £61,200,000 | £84,300,000 | |
| 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. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Operating margin | 2.3% | 2.3% | |
| Net margin | 2.0% | 1.8% | |
| Return on capital employed | 19.1% | 22.3% | |
| Current ratio | -0.76x | -0.91x | |
| Interest cover | 31.66x | 8.12x |
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
- OCTOPUS ENERGY LIMITED 2015-08-21 → present
- MERCURY ENERGY SUPPLY LIMITED 2014-10-14 → 2015-08-21
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons: The Directors have assessed the liquidity of the business through a detailed going concern forecast and considered the associated hedge position required, which is procured through a third party without collateral requirements. This includes consideration to ensure compliance with the requirements of Ofgem's financial resilience requirements for UK suppliers. Following the injection of share capital in the period the Company continues to exceed the Regulator's minimum capitalisation requirements, (Capital Floor), and has an agreed pathway to meet the Capital Target.”
Group structure
- OCTOPUS ENERGY LIMITED · parent
- Octopus Energy Operations 2 Limited 100%
- Shell Energy Retail Poland Sp. z o.o.
- Octopus Energy Operations Limited 100%
Significant events
- “There were no material subsequent events following the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWIE, John | Director | 2022-06-28 | May 1978 | Australian |
| EDDISON, James Andrew | Director | 2016-01-11 | Dec 1971 | British |
| HULATT, Christopher Robert | Director | 2016-01-11 | Aug 1976 | British |
| JACKSON, Greg Sean | Director | 2016-01-11 | Sep 1971 | British |
| JACKSON, Stuart Keith | Director | 2016-01-11 | Feb 1973 | British |
| ROGERSON, Simon Andrew | Director | 2016-01-11 | Jul 1974 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANERJEE, Kamalika Ria | Secretary | 2017-10-30 | 2018-02-19 |
| GOSLING, Steven Paul | Secretary | 2014-10-14 | 2015-08-13 |
| LUDLOW, Sharna | Secretary | 2016-11-04 | 2018-11-15 |
| SPEVACK, Tracey Jane | Secretary | 2016-01-25 | 2016-11-04 |
| OCTOPUS COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2018-11-15 | 2022-05-25 |
| BRISKIN, Jonathan | Director | 2020-05-01 | 2022-06-28 |
| GOSLING, Steven Paul | Director | 2014-10-14 | 2015-08-13 |
| HANDFIELD-JONES, Samuel | Director | 2015-08-13 | 2017-04-13 |
| HIRST, Matthew Christopher | Director | 2014-10-14 | 2015-08-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Octopus Energy Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-30 | SH01 | capital | Capital allotment shares | |
| 2026-01-22 | AA | accounts | Accounts with accounts type full | |
| 2025-05-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-31 | SH01 | capital | Capital allotment shares | |
| 2025-02-03 | AA | accounts | Accounts with accounts type full | |
| 2024-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-13 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-07-13 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-07-13 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-07-13 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-05-30 | CH01 | officers | Change person director company with change date | |
| 2024-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-02 | AA | accounts | Accounts with accounts type full | |
| 2023-12-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-16 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- 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.