ZENOBE ENERGY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-01 (in 6mo)
Last made up 2025-10-18
Watchouts
None on the register
Cash
£64M
-15.1% vs 2023
Net assets
£386M
+29.7% highest in 5 filed years
Employees
269
+28.7% highest in 5 filed years
Profit before tax
-£44M
+47.6% vs 2023
Net assets
7-year trend · vs Utilities median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £53,598,000 | £96,823,000 | |
| Operating profit | — | — | — | — | — | -£32,874,000 | -£24,589,000 | |
| Profit before tax | — | — | — | — | — | -£83,223,000 | -£43,636,000 | |
| Net profit | — | -£5,536,692 | — | -£9,933,867 | -£23,181,513 | -£83,223,000 | -£43,636,000 | |
| Cash | — | £3,182,339 | — | £3,389,692 | £11,024,059 | £75,059,000 | £63,757,000 | |
| Total assets less current liabilities | — | £77,144,546 | — | £153,733,665 | £151,170,132 | £538,711,000 | £828,443,000 | |
| Net assets | — | £66,070,393 | — | £66,034,741 | £43,561,152 | £297,758,000 | £386,084,000 | |
| Equity | £50,882,676 | £66,070,393 | £66,070,393 | £66,034,741 | £43,561,152 | £297,758,000 | £386,084,000 | |
| Average employees | — | 0 | — | 0 | 0 | 209 | 269 | |
| Wages | — | — | — | — | — | £20,451,000 | £26,873,000 | |
| Directors' remuneration | — | — | — | — | — | £6,021,000 | £2,230,000 |
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
+80.6%
£53,598,000 £96,823,000
-
Cash
-15.1%
£75,059,000 £63,757,000
-
Net assets
+29.7%
£297,758,000 £386,084,000
highest in 5 filed years
-
Employees
+28.7%
209 269
highest in 5 filed years
-
Operating profit
+25.2%
-£32,874,000 -£24,589,000
-
Profit before tax
+47.6%
-£83,223,000 -£43,636,000
-
Wages
+31.4%
£20,451,000 £26,873,000
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 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -61.3% | -25.4% | |
| Net margin | — | — | — | — | — | -155.3% | -45.1% | |
| Return on capital employed | — | — | — | — | — | -6.1% | -3.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 59.0% | 59.9% | |
| Current ratio | — | — | — | — | — | 1.01x | 1.52x | |
| Interest cover | — | — | — | — | — | -0.65x | -1.17x |
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
- ZENOBE ENERGY LIMITED 2019-03-14 → present
- BATTERY ENERGY STORAGE SOLUTIONS LIMITED 2016-10-19 → 2019-03-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are able to conclude that the business is robust even in the face of economic downturn or uncertainty. Consequently, the Directors conclude that there is a reasonable prospect that the business will continue to be a going concern for the foreseeable future.”
Group structure
- ZENOBE ENERGY LIMITED · parent
- Zenobe Ltd 100%
- Battery Energy Storage Solutions Limited 100%
- BESS Holdco 1 Limited 100%
- BESS Willows Limited 100%
- BESS Leys Limited 100%
- BESS Poplars Limited 100%
- BESS Oxcroft Limited 100%
- BESS Holdco 2 Limited 100%
- BESS K Barn Limited 100%
- BESS Hill Farm 100%
- BESS Claredown Limited 100%
- BESS Holdco 3 Limited 100%
- BESS Aylesford Limited 100%
- BESS Holdco 4 Limited 100%
- BESS Holdco 5 Limited 100%
- IFM Master Holdco Limited 100%
- BESS Holdco 6 Limited 100%
- BESS Holdco 7 Limited 100%
- BESS Holdco 8 Limited 100%
- BESS Holdco 9 Limited 100%
- Zenobe IP Limited 100%
- BESS Holdco 11 Limited 100%
- BESS Holdco 12 Limited 100%
- BESS Holdco 13 Limited 100%
- BESS Holdco 14 Limited 100%
- Zenobe Bob 1 Limited 100%
- Zenobe Bob 2 Limited 100%
- Zenobe Bob 3 Limited 100%
- Zenobe Bob 4 Limited 100%
- Zenobe Bob 5 Limited 100%
- Zenobe Bob 6 Limited 100%
- Zenobe Bob 7 Limited 100%
- Zenobe Bob 8 Limited 100%
- Zenobe Bob 9 Limited 100%
- Zenobe Bob 10 Limited 100%
- Zenobe Truck Charging 1 Limited 100%
- Zenobe Bob 12 Limited 100%
- Zenobe Bob 13 Limited 100%
- Zenobe Bob 14 Limited 100%
- Zenobe Bob 15 Limited 100%
- Zenobe Rental 1 Limited 100%
- Zenobe Rental 2 Limited 100%
- Zenobe Rental 3 Limited 100%
- Zenobe Rental 4 Limited 100%
- Zenobe Rental 5 Limited 100%
- Zenobe Rental 6 Limited 100%
- Zenobe Rental 7 Limited 100%
- Zenobe Rental 8 Limited 100%
- Zenobe Rental 9 Limited 100%
- Zenobe Rental 10 Limited 100%
- Zenobe Rental 11 Limited 100%
- Zenobe Rental 12 Limited 100%
- Zenobe Revenue 13 Limited 100%
- Zenobe Charging 1 Limited 100%
- Zenobe Charging 2 Limited 100%
- Zenobe Charging 3 Limited 100%
- Zenobe Charging 4 Limited 100%
- Zenobe Charging 5 Limited 100%
- Zenobe Charging 6 Limited 100%
- Zenobe Charging 7 Limited 100%
- Zenobe Charging 8 Limited 100%
- Zenobe Charging 9 Limited 100%
- Zenobe Charging 10 Limited 100%
- Zenobe Charging 11 Limited 100%
- Zenobe Charging 12 Limited 100%
- Zenobe Charging 13 Limited 100%
- Zenobe Charging 14 Limited 100%
- Zenobe Charging 15 Limited 100%
- Zenobe Capenhurst Limited 100%
- Zenobe Kilmarnock South Limited 100%
- Zenobe Blackhillock Limited 100%
- Zenobe Brindley Limited 100%
- Zenobe Eccles Limited 100%
- Zenobe Coalburn Limited 100%
- Zenobe Wishaw Limited 100%
- Zenobe EV Parent FleetCo Limited 100%
- Zenobe Parent FleetCo Limited 100%
- Zenobe Borrower FleetCo Limited 100%
- Zenobe Blackhillock Borrower Limited 100%
- Zenobe Blackhillock Holdco Limited 100%
- Zenobe Stalybridge Limited 100%
- Zenobe EV Fleetco Limited 100%
- Zenobe Utilities 7 Limited 100%
- Zenobe Utilities 8 Limited 100%
- Zenobe Utilities 9 Limited 100%
- Zenobe Utilities 10 Limited 100%
- Zenobe Shetlands Limited 100%
- Zenobe Shetlands Holdco Limited 100%
- Zenobe Eccles Holdco Limited 100%
- Zenobe Eccles Borrower Limited 100%
- Zenobe Americas LLC 100%
- Zenobe Americas, Inc. 100%
- Zenobe Americas Holdings, Inc. 100%
- Zenobe Americas EV Holdings Inc 100%
- Zenobe Americas EV Inc 100%
- Zenobe Americas EV Assets Co LLC 100%
- Zenobe US JV LLC 100%
- Zenobe Storage Dev Co Inc 100%
- Zenobe Rotterdam LLC 100%
- Zenobe Lancaster LLC 100%
- Zenobe Harmony LLC 100%
- Zenobe Stockton LLC 100%
- Zenobe Americas EV Parent Fleetco Inc 100%
- Zenobe Americas EV Borrower Fleetco Inc 100%
- Zenobe Americas EV Vehicle LLC 100%
- Zenobe Americas EV Charging LLC 100%
- Zenobe Australia Pty Limited 100%
- Zenobe AUS Software Pty Limited 100%
- Zenobe Leichhardt Rental HoldCo Pty Limited 100%
- Zenobe Leichhardt Rental HoldCo Trust 100%
- Zenobe Leichhardt Rental OpCo Pty Limited 100%
- Zenobe Leichhardt Rental OpCo Trust 100%
- Zenobe DeliveryCo Pty Limited 100%
- Zenobe ACT Pty Limited 100%
- Zenobe Commercial Fleet 1 Pty Ltd 100%
- Zenobe Bundoora Pty Ltd 100%
- Zenobe New Zealand Limited 100%
- Zenobe NZ Rental 1 Limited 100%
- Zenobe NZ Rental 2 Limited 100%
- Zenobe NZ Rental 3 Limited 100%
- Zenobe Belgium BV 100%
- Zenobe Farbrook BV 100%
- Zenobe Ghent BV 100%
- Zenobe Ireland EV Limited 100%
- Zenobe Ireland Limited 100%
- Zenobe Netherlands BV 100%
- Zenobe Finland Oy 100%
- Zenobe Iberia, S.L 100%
- Zenobe Spain Holdco, SL 100%
- Zenobe Spain EV Vehicle, SL 100%
- Zenobe Sverige AB 100%
Significant events
- “Electric Vehicle Fleet operational portfolio grew by 60% with 1,380 electric buses and batteries provided under services contracts (2023: 863).”
- “The Network Infrastructure portfolio continued to grow, with the majority of construction work being completed on the 200MW Blackhillock site, which became operational in early 2025.”
- “Achieved financial close for a 300MW NI battery project at Kilmarnock South, Scotland, with £147 million of long-term debt funding secured for the development.”
- “Expanded our EV Fleet loan facility by a further £410 million, Europe's largest electric bus financing.”
- “Continued to develop our NI business, with expansion into the USA and Australia, bringing our total secured pipeline of Network Infrastructure assets to 1.65GW.”
- “Expanded globally, with the finalisation of our first EV bus contracts in Spain, and the acquisition of our first electric bus assets in the USA.”
- “Assumed a lead role in a consortium of network operators expanding the electrification of buses in Scotland, with a view to adding more than 250 electric buses to Scottish fleets by the end of 2026.”
- “Invested in our employee base globally, recruiting over 60 people to grow the average headcount to 269 FTEs by December 2024.”
- “In March 2025, Zenobe secured financing for its Battery Energy Storage System (BESS) project in Eccles, Scotland, which is set to go live in early 2027. The total debt raised for the project equates to £220 million.”
- “In 2025, a further 4,020,945 shares were issued for a value of £75,957,978.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARR, Sophie | Secretary | 2020-01-30 | — | — |
| BASDEN, James Edward Stewart | Director | 2017-06-08 | Jul 1967 | British |
| FRANCIS, Benjamin David | Director | 2022-05-31 | Jul 1977 | British |
| HICKEY, Priya Ruth | Director | 2024-04-23 | Jul 1980 | British |
| HOLLIDAY, Steven John | Director | 2017-05-02 | Oct 1956 | British |
| MALIK, Shreya | Director | 2023-12-04 | Jul 1986 | British |
| MATTHEWS, Andrew | Director | 2020-11-13 | Sep 1962 | British |
| MEERSMAN, Steven Gerard Christianne | Director | 2020-01-30 | Sep 1986 | Belgian |
| NOGUEIRA, Bernardo Maria De Sousa E Holstein Salgado | Director | 2023-12-04 | Sep 1991 | Portuguese |
| PAUSDER, Philipp Adrian | Director | 2025-07-16 | Sep 1975 | German |
| SIGNORI, Alberto | Director | 2023-12-04 | Apr 1969 | British |
| WEIR, Donald James | Director | 2024-07-02 | Apr 1962 | British |
| WETHERALL, Iain | Director | 2025-06-18 | Feb 1974 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MEERSMAN, Steven Gerard Christianne | Secretary | 2017-10-05 | 2020-01-30 |
| BEATTY, Nicholas Duncan, Hon. | Director | 2016-10-19 | 2024-10-31 |
| BONINSEGNA, Alessandro | Director | 2017-10-05 | 2023-12-04 |
| CANNIZZO, Lorenzo | Director | 2020-11-13 | 2024-10-31 |
| CLARKE, Edward Hilton | Director | 2020-11-13 | 2024-04-23 |
| ELLIOTT, Guy Robert | Director | 2020-03-25 | 2020-11-13 |
| HENRY, Emil William | Director | 2017-10-05 | 2020-11-13 |
| HOLLIDAY, Steven John | Director | 2017-03-16 | 2017-03-23 |
| OKI, Toshihiro | Director | 2020-11-13 | 2023-12-04 |
| SHARP, Graham John | Director | 2017-05-15 | 2020-11-13 |
| SHARP, Graham John | Director | 2017-03-16 | 2017-03-23 |
| YUIHARA, Atsushi | Director | 2019-03-12 | 2020-11-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Zeus Acquisition Bidco Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-12-04 | Active |
| Blaise (Bidco) Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-11-13 | Active |
| Mr Emil William Henry | Individual | Significant influence | 2017-10-05 | Ceased 2020-11-13 |
| Mr James Edward Stewart Basden | Individual | Appoints directors | 2016-10-19 | Ceased 2017-10-05 |
| Hon. Nicholas Duncan Beatty | Individual | Appoints directors | 2016-10-19 | Ceased 2017-10-05 |
Filing timeline
Last 20 of 202 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-27 RESOLUTIONS Resolution
- 2025-12-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | SH01 | capital | Capital allotment shares | |
| 2026-04-16 | SH01 | capital | Capital allotment shares | |
| 2025-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-19 | SH01 | capital | Capital allotment shares | |
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-29 | SH01 | capital | Capital allotment shares | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-15 | SH01 | capital | Capital allotment shares | |
| 2025-07-10 | AA | accounts | Accounts with accounts type group | |
| 2025-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-09 | SH01 | capital | Capital allotment shares | |
| 2025-02-21 | SH01 | capital | Capital allotment shares | |
| 2025-02-14 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-12-24 | SH01 | capital | Capital allotment shares | |
| 2024-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 9
- Officers appointed
- 2
- 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.