NEXT ENERGY SOLUTIONS LTD
Get an alert when NEXT ENERGY SOLUTIONS LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£50k
+22.4% vs 2025
Net assets
£20m
-33.8% vs 2025
Employees
151
+4.9% highest in 6 filed years
Profit before tax
-£132k
-101.1% lowest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue, although at the date of approval of these financial statements they have no reason to believe that it will not do so.
-
Going-concern uncertainty disclosed
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £11,884,041 | £22,109,691 | £39,677,999 | £80,622,849 | £70,145,293 | £47,116,956 | -32.8% | |
| Operating profit | £1,328,883 | £5,515,708 | £9,758,136 | £10,998,742 | £11,985,676 | £57,497 | -99.5% | |
| Profit before tax | £1,331,485 | £5,538,961 | £9,795,696 | £11,078,491 | £12,062,521 | -£132,162 | -101.1% | |
| Net profit | £1,081,178 | £4,531,067 | £7,883,784 | £8,219,863 | £8,852,338 | £10,474 | -99.9% | |
| Cash | £1,127,888 | £167,262 | £4,229,448 | £6,650,257 | £40,859 | £50,000 | +22.4% | |
| Total assets less current liabilities | £2,988,477 | £6,024,455 | £13,502,193 | £21,070,135 | £29,642,849 | £19,610,891 | -33.8% | |
| Net assets | £2,900,755 | £5,991,955 | £13,435,739 | £20,715,602 | £29,567,940 | £19,578,414 | -33.8% | |
| Equity | £2,900,755 | £5,991,955 | £13,435,739 | £20,715,602 | £29,567,940 | £19,578,414 | -33.8% | |
| Average employees | 37 | 54 | 70 | 111 | 144 | 151 | +4.9% | |
| Wages | £948,588 | £1,418,411 | £2,033,674 | £3,394,514 | £5,225,715 | £5,916,234 | +13.2% | |
| Directors' remuneration | — | £84,960 | £88,125 | £97,932 | £268,763 | £279,619 | +4% |
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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 11.2% | 24.9% | 24.6% | 13.6% | 17.1% | 0.1% | |
| Net margin | 9.1% | 20.5% | 19.9% | 10.2% | 12.6% | 0.0% | |
| Return on capital employed | 44.5% | 91.6% | 72.3% | 52.2% | 40.4% | 0.3% | |
| Gearing (liabilities / total assets) | — | — | — | — | 27.7% | 23.0% | |
| Current ratio | — | — | — | 3.56x | 3.59x | 4.31x | |
| Interest cover | — | — | — | — | — | 0.30x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue, although at the date of approval of these financial statements they have no reason to believe that it will not do so.”
Significant events
- “The year ended 31 March 2026 represented a transitional period for the Company, defined by strategic repositioning in response to the conclusion of the Energy Company Obligation (ECO) scheme.”
- “In anticipation of the scheme's closure, the business proactively entered the growing private market, launching a new domestic offering focused on solar photovoltaic installations and battery energy storage systems.”
- “The UK Government's £15 billion Warm Homes Plan, announced in January 2026, presents a material growth opportunity for the business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROTHERTON, Eileen Frances | Director | 2024-04-09 | Dec 1970 | British |
| CASEY, Stephen | Director | 2024-04-09 | Mar 1980 | Irish |
| LITTLE, Daniel Stephen Paul | Director | 2024-04-09 | Jan 1976 | British |
| MADIGAN, Michael James | Director | 2018-03-28 | May 1986 | British |
| MCNALLY, Lee Daniel | Director | 2018-03-28 | Apr 1983 | British |
| TAYLOR, Steven Michael | Director | 2024-04-09 | Sep 1959 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEENEY, Mark Anthony | Director | 2024-04-09 | 2025-02-07 |
| MADIGAN, Carole Elizabeth | Director | 2019-12-13 | 2024-04-09 |
| MCNALLY, Yazmin Charlotte | Director | 2016-04-26 | 2024-04-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Alpa Group Limited | Corporate entity | Shares 75–100% | 2021-01-05 | Active |
| Mrs Carole Elizabeth Madigan | Individual | Significant influence | 2019-12-13 | Ceased 2024-04-09 |
| Mr Michael James Madigan | Individual | Significant influence | 2018-03-28 | Ceased 2024-04-09 |
| Mr Lee Daniel Mcnally | Individual | Significant influence | 2016-04-26 | Ceased 2024-04-09 |
| Mrs Yazmin Charlotte Mcnally | Individual | Significant influence | 2016-04-26 | Ceased 2024-04-09 |
Filing timeline
Last 20 of 70 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-21 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | CH01 | officers | Change person director company with change date | |
| 2026-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-17 | AA | accounts | Accounts with accounts type full | |
| 2025-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-15 | SH08 | capital | Capital name of class of shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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.