OCTOPUS ENERGY GROUP LIMITED
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Cash
£1.5B
-64% lowest in 3 filed years
Net assets
£1.5B
-12.7% vs 2024
Employees
10,030
+55.8% highest in 3 filed years
Profit before tax
-£260M
-435.2% lowest in 3 filed years
Net assets
3-year trend
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2023-04-30 | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £12,540,000,000 | £12,432,900,000 | £13,682,800,000 | +10.1% | |
| Operating profit | £265,200,000 | -£94,700,000 | -£352,100,000 | -271.8% | |
| Profit before tax | £283,000,000 | £77,600,000 | -£260,100,000 | -435.2% | |
| Net profit | £202,800,000 | £83,300,000 | -£254,800,000 | -405.9% | |
| Cash | £3,687,700,000 | £4,202,100,000 | £1,512,400,000 | -64% | |
| Total assets less current liabilities | — | £1,996,000,000 | £1,993,300,000 | -0.1% | |
| Net assets | £975,000,000 | £1,696,900,000 | £1,482,200,000 | -12.7% | |
| Equity | £975,000,000 | £1,696,900,000 | £1,482,200,000 | -12.7% | |
| Average employees | 3,823 | 6,438 | 10,030 | +55.8% | |
| Wages | £125,400,000 | £234,100,000 | £403,400,000 | +72.3% | |
| Directors' remuneration | £400,000 | £600,000 | — | — |
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 | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|
| Operating margin | 2.1% | -0.8% | -2.6% | |
| Net margin | 1.6% | 0.7% | -1.9% | |
| Return on capital employed | — | -4.7% | -17.7% | |
| Gearing (liabilities / total assets) | 85.8% | 80.0% | 77.8% | |
| Current ratio | 2.10x | 1.11x | 1.03x | |
| Interest cover | 7.96x | -4.21x | -10.03x |
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
- OCTOPUS ENERGY GROUP LIMITED 2020-10-20 → present
- OCTOPUS ENERGY HOLDINGS LIMITED 2015-08-10 → 2020-10-20
- OCTOPUS ENERGY LIMITED 2015-08-05 → 2015-08-10
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- 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 in particular considered the associated hedge position required, which in the UK is procured through a third party without collateral requirements, with a similar arrangement introduced for the European operations. This also includes consideration of commitments by Octopus Energy Group to fund international operations and committed acquisitions when applicable, together with any actions required to ensure compliance with the capital floor requirements of Ofgem's financial resilience requirements for UK suppliers. The Group held cash of £1,512m at 30 April 2025. There are significant peaks and troughs through the year with April generally the low point of the cash flow cycle. On the basis of existing funding previously received from shareholders, along with ongoing available facilities and trading lines, the forecast cash flows show headroom through the going concern period even under stressed conditions reflecting reasonable sensitivities identified including cold winter scenarios as noted below. Following the detailed process above the Directors have a reasonable expectation that the Group will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and consequently have prepared the financial statements on a going concern basis.”
Group structure
- OCTOPUS ENERGY GROUP LIMITED · parent
- Centre for Net Zero Limited 100%
- DataGlow Energy Limited 100%
- Kraken Labs Limited 100%
- Kraken Technologies Limited 100%
- Octopus Energy Espana, S.L.U. 100%
- Octopus Energy Germany GmbH 100%
- TG Octopus Energy Co., Ltd 30%
- Co-op Community Energy Limited 50%
Significant events
- “In September 2025, the Group announced its intention to spin off Kraken as an independent business, giving it the freedom to grow faster and further.”
- “The Group has announced its intention to demerge Kraken Technologies Limited and its subsidiaries. This does not impact the Group's impairment analysis or values disclosed in the accounts.”
- “On 2 May 2025, OEGL acquired 75% of Moca Energy (Moca). Moca develops decarbonisation software and provides energy improvement services to commercial real estate companies.”
- “On 8 May 2025, OEGL acquired a 14.8% minority Investment in Mobile Power (MOPO). MOPO supplies green energy to businesses and individuals in Sub-Saharan Africa suffering from unstable or zero grid access.”
- “On 15 August 2025, OEGL extended the existing Letter of Credit Facility (LCF) from £800 million to £925 million.”
- “The decision to launch Octopus Energy Collective positioned the Group to lead the market in unlocking public ownership of renewables at scale, offering diversification benefits to its customers, accelerating the rollout of renewables and democratising renewables investment.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWIE, John | Director | 2025-03-26 | May 1978 | Australian |
| EDDISON, James Andrew | Director | 2016-04-11 | Dec 1971 | British |
| HANAFIN, Vincent Mark | Director | 2026-05-13 | Oct 1959 | British |
| HODGES, Thomas Bartee | Director | 2021-10-18 | Oct 1983 | American |
| HULATT, Christopher Robert | Director | 2015-08-05 | Aug 1976 | British |
| JACKSON, Greg Sean | Director | 2015-12-11 | Sep 1971 | British |
| JACKSON, Stuart Keith | Director | 2015-12-11 | Feb 1973 | British |
| LAWRENCE, Martin Charles | Director | 2017-11-09 | Feb 1958 | British |
| ROGERSON, Simon Andrew | Director | 2015-12-11 | Jul 1974 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANERJEE, Kamalika Ria | Secretary | 2017-10-30 | 2018-02-19 |
| 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 | 2025-03-26 |
| ELGOHARY, Waleed | Director | 2022-08-09 | 2023-06-19 |
| HANDFIELD-JONES, Samuel | Director | 2015-12-11 | 2017-04-13 |
| SIROHI, Richa | Director | 2024-04-02 | 2026-05-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr James Andrew Eddison | Individual | Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Mr Stuart Keith Jackson | Individual | Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Octopus Energy Holdco Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 168 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-09 RESOLUTIONS Resolution
- 2026-06-09 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-09 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-09 | MA | incorporation | Memorandum articles | |
| 2026-05-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-09 | AA | accounts | Accounts with accounts type group | |
| 2025-12-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-07 | AA | accounts | Accounts with accounts type group | |
| 2024-11-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.