SQE ENERGY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-16 (in 6mo)
Last made up 2025-11-02
Watchouts
None on the register
Cash
£6M
-52% lowest in 4 filed years
Net assets
-£10M
-34.3% lowest in 4 filed years
Employees
15
+7.1% highest in 4 filed years
Profit before tax
-£3M
-70.6% lowest in 4 filed years
Net assets
7-year trend · vs Utilities median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £115,425,412 | £128,072,163 | |
| Operating profit | — | — | — | — | — | -£1,776,093 | -£3,062,792 | |
| Profit before tax | — | — | — | -£1,843,084 | -£1,656,413 | -£1,557,120 | -£2,656,465 | |
| Net profit | — | — | — | -£1,709,567 | -£1,656,413 | -£1,557,120 | -£2,658,447 | |
| Cash | — | — | — | £9,699,144 | £17,251,900 | £13,017,670 | £6,251,898 | |
| Total assets less current liabilities | — | — | — | -£4,547,092 | -£6,203,505 | -£7,760,625 | -£10,419,072 | |
| Net assets | — | — | — | — | — | -£7,760,625 | -£10,419,072 | |
| Equity | -£326,485 | -£1,624,742 | -£2,837,525 | -£4,547,092 | -£6,203,505 | -£7,760,625 | -£10,419,072 | |
| Average employees | — | — | — | 11 | 12 | 14 | 15 | |
| Wages | — | — | — | £740,378 | £448,920 | £581,198 | £1,375,013 | |
| Directors' remuneration | — | £167,500 | £277,083 | £276,154 | £67,814 | £103,489 | £296,777 |
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
+11%
£115,425,412 £128,072,163
-
Cash
-52%
£13,017,670 £6,251,898
lowest in 4 filed years
-
Net assets
-34.3%
-£7,760,625 -£10,419,072
-
Employees
+7.1%
14 15
highest in 4 filed years
-
Operating profit
-72.4%
-£1,776,093 -£3,062,792
-
Profit before tax
-70.6%
-£1,557,120 -£2,656,465
lowest in 4 filed years
-
Wages
+136.6%
£581,198 £1,375,013
highest in 4 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -1.5% | -2.4% | |
| Net margin | — | — | — | — | — | -1.3% | -2.1% | |
| Return on capital employed | — | — | — | — | — | 22.9% | 29.4% | |
| Current ratio | — | — | — | — | — | 0.80x | 0.75x |
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 2025-09-11
- SQE ENERGY LIMITED 2025-09-11 → present
- SQUEAKY CLEAN ENERGY LIMITED 2016-09-13 → 2025-09-11
- ENERGY SUPPLY SOLUTIONS LIMITED 2015-10-07 → 2016-09-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Alliotts 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 SQE will be able to continue in operation and meet its commitments as they fall due over the going concern period.”
Significant events
- “During 2024 the Group expanded the number of market participants by onboarding two of Europe's largest power trading businesses.”
- “Lower wholesale power prices during 2024, competition from the CFD and increased levelized costs of energy for new to earth renewable projects meant that demand for corporate power purchase agreements fell sharply.”
- “The business continued to invest in its trading and billing platform, SQE OS, introducing a number of enhancements designed to increase customer self-service and improve control and transparency over trading activity and costs.”
- “During 2024 the Group Board had several conversations with various investors which culminated in a decision in 2025 to proceed with a funding round with existing and new investors which closed recently and was oversubscribed, and the board took the decision to raise further capital from existing and new investors.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRAWFORD, Susi Jennifer | Secretary | 2024-06-03 | — | — |
| BOWDEN, Christopher Spencer | Director | 2016-09-12 | Sep 1966 | British |
| STOKES, Justin Samuel | Director | 2020-06-12 | Sep 1974 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRANKS, Susannah | Secretary | 2022-02-11 | 2024-06-03 |
| BAXTER, Christopher | Director | 2017-08-01 | 2020-06-12 |
| SLADE, Jonathan Alexander | Director | 2015-10-07 | 2016-09-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sqe Energy Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-05-19 | Active |
| Mr Christopher Spencer Bowden | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-05-19 |
Filing timeline
Last 20 of 75 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-11 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-18 | AA | accounts | Accounts with accounts type full | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-11 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-22 | AA | accounts | Accounts with accounts type full | |
| 2023-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-03-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-03-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-03-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-01-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.