E.ON DRIVE SOLUTIONS UK LIMITED
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Cash
£0
Latest balance sheet
Net assets
-£11m
-154% vs 2024
Employees
0
Average over period
Profit before tax
-£8.7m
+39.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Accounts not prepared on a going-concern basis
On 26 February 2026, the directors decided to cease operations and intend to liquidate the Company following the settlement of the remaining assets and liabilities. As a result, these financial statements are not prepared on a going concern basis.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £6,232,000 | £7,023,000 | +12.7% | |
| Operating profit | — | -£14,262,000 | -£8,280,000 | +41.9% | |
| Profit before tax | — | -£14,400,000 | -£8,728,000 | +39.4% | |
| Net profit | — | -£12,727,000 | -£6,517,000 | +48.8% | |
| Cash | — | £0 | £0 | — | |
| Total assets less current liabilities | — | -£4,659,000 | -£8,190,000 | -75.8% | |
| Net assets | — | -£4,427,000 | -£11,244,000 | -154% | |
| Equity | — | -£4,427,000 | — | — | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | £2,761,000 | £2,902,000 | +5.1% | |
| Directors' remuneration | — | £100,877 | £123,679 | +22.6% | |
| Directors' pension contributions | — | £15,945 | £16,569 | +3.9% | |
| Highest paid director | — | £100,877 | £123,679 | +22.6% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | — | -117.9% | |
| Net margin | — | — | -92.8% | |
| Gearing (liabilities / total assets) | — | 168.7% | 239.2% | |
| Current ratio | — | 0.58x | 0.50x | |
| Interest cover | — | — | -18.28x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- E.ON DRIVE SOLUTIONS UK LIMITED 2023-12-14 → present
- PG 2022 LIMITED 2022-07-21 → 2023-12-14
- E.ON NEXT LIMITED 2020-02-17 → 2022-07-21
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“On 26 February 2026, the directors decided to cease operations and intend to liquidate the Company following the settlement of the remaining assets and liabilities. As a result, these financial statements are not prepared on a going concern basis.”
Significant events
- “On 26 February 2026, the directors decided to cease operations and intend to liquidate the Company following the settlement of the remaining assets and liabilities. As a result, these financial statements are not prepared on a going concern basis.”
- “Following the decision in February 2026 to cease trading, the Company announced a severance programme for which an associated provision of £1,735,000 will be recognised in the 2026 financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GANDLEY, Deborah | Secretary | 2024-02-27 | — | — |
| BROOKS, Richard John | Director | 2024-02-27 | Jul 1980 | British |
| BUTTERS, David Martin | Director | 2024-02-27 | Jul 1981 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARR, Christian | Director | 2020-03-16 | 2020-09-24 |
| BAUMBER, David Charles Adrian | Director | 2020-09-24 | 2023-03-31 |
| BAUMBER, David Charles Adrian | Director | 2020-02-17 | 2020-03-16 |
| GANDLEY, Deborah | Director | 2020-09-24 | 2024-02-27 |
| GANDLEY, Deborah | Director | 2020-02-17 | 2020-03-16 |
| LEWIS, Michael David | Director | 2020-03-16 | 2020-09-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| E.On Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-02-17 | Active |
Filing timeline
Last 20 of 34 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-14 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-06-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-13 | AA | accounts | Accounts with accounts type full | |
| 2025-10-24 | AD03 | address | Move registers to sail company with new address | |
| 2025-10-24 | AD02 | address | Change sail address company with new address | |
| 2025-02-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-13 | AA | accounts | Accounts with accounts type dormant | |
| 2024-03-20 | SH01 | capital | Capital allotment shares | |
| 2024-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-12-14 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-09-14 | AA | accounts | Accounts with accounts type dormant | |
| 2023-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-15 | AA | accounts | Accounts with accounts type dormant |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.