SUSTAINABLE ETHICAL HOLDINGS LIMITED
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2027-01-04 (in 8mo)
Last made up 2025-12-21
Watchouts
Cash
£7M
+86.8% vs 2023
Net assets
-£7M
-168.7% vs 2023
Employees
225
+59.6% vs 2023
Profit before tax
-£4M
+64.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 |
|---|---|---|---|
| Turnover | £77,754,000 | £145,363,000 | |
| Operating profit | -£9,711,000 | -£1,863,000 | |
| Profit before tax | -£10,638,000 | -£3,791,000 | |
| Net profit | -£7,327,000 | -£4,048,000 | |
| Cash | £3,585,000 | £6,698,000 | |
| Total assets less current liabilities | £5,741,000 | £7,564,000 | |
| Net assets | -£2,735,000 | -£7,350,000 | |
| Equity | -£2,735,000 | -£7,350,000 | |
| Average employees | 141 | 225 | |
| Wages | £7,463,000 | £11,602,000 | |
| Directors' remuneration | £17,000 | £51,000 |
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 2024-03-31 vs 2023-03-31
-
Turnover
+87%
£77,754,000 £145,363,000
-
Cash
+86.8%
£3,585,000 £6,698,000
-
Net assets
-168.7%
-£2,735,000 -£7,350,000
-
Employees
+59.6%
141 225
-
Operating profit
+80.8%
-£9,711,000 -£1,863,000
-
Profit before tax
+64.4%
-£10,638,000 -£3,791,000
-
Wages
+55.5%
£7,463,000 £11,602,000
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 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|
| Operating margin | -12.5% | -1.3% | |
| Net margin | -9.4% | -2.8% | |
| Return on capital employed | -169.2% | -24.6% | |
| Current ratio | 0.68x | 0.79x | |
| Interest cover | -5.15x | -0.80x |
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
- SUSTAINABLE ETHICAL HOLDINGS LIMITED 2025-02-04 → present
- HIVE ETHICAL HOLDINGS LIMITED 2020-12-22 → 2025-02-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Group structure
- SUSTAINABLE ETHICAL HOLDINGS LIMITED · parent
- Ethical Power Group Holdings Limited 100%
- Ethical Shelf Limited 100%
- Black Point Solar Limited 68%
- Burcot Solar Farm Limited 70%
- Cobham Road Solar Farm Limited 70%
- Court Road Energy Limited 95%
- EPD TP Borrower Holdco Limited 95%
- Ethical Air Limited 100%
- Ethical Aviation Limited 100%
- Ethical Capital Limited 100%
- Ethical Power Asset Management Limited 100%
- Ethical Power Connections Ltd. 100%
- Ethical Power Development Limited 95%
- Ethical Power Group Limited 100%
- Ethical Power Hellas SA 90%
- Ethical Power International Limited 100%
- Ethical Power Investco. Limited 100%
- Ethical Power Italia SRL 100%
- Ethical Power Ltd 100%
- Ethical Power Net Zero Limited 100%
- Ethical Power New Zealand Limited 90%
- Ethical Power NZ Developments Limited 76%
- Ethical Power Spain SL 100%
- Ethical Power Utilities Limited 100%
- Fenton Lane Energy Limited 100%
- Fishpond Energy Limited 100%
- Glebe Farm Energy Limited 95%
- Huthwaite Solar Farm Limited 100%
- Kirkgate Solar Farm Limited 70%
- Langer Laner Solar Farm Limited 70%
- Maiden Head Energy Limited 95%
- Pantlasau Energy Limited 95%
- Parlington Energy Limited 95%
- PVH2 Limited 100%
- Stonebarrow Energy Limited 95%
Significant events
- “On 25 October 2023 Ethical Power Group Limited acquired the remaining 50% non-controlling interest in Ethical Power Connections Ltd.”
- “On 12 April 2024 the Group entered into a Sale and Purchase Agreement for the acquisition of the share capital of Gunning Transmission and Distribution Services Limited (GTDS).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KNEEN, Thomas Edward Rufus | Director | 2021-01-04 | Oct 1984 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| REDPATH, Timothy Giles | Director | 2025-03-03 | 2026-03-20 |
| REDPATH, Timothy Giles | Director | 2020-12-22 | 2024-12-31 |
| SKINNER, Greg Howard | Director | 2024-12-31 | 2025-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hive Energy Limited (07100256) | Corporate entity | Shares 25–50%, Voting 25–50% | 2025-03-03 | Active |
| Sustainable Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2024-12-31 | Ceased 2025-03-03 |
| Ep Reorgco Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2021-10-11 | Active |
| Mr Thomas Edward Rufus Kneen | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2021-01-04 | Ceased 2021-10-11 |
| Hive Energy Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2020-12-22 | Ceased 2024-12-31 |
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-22 MA Memorandum articles
- 2025-04-22 RESOLUTIONS Resolution
- 2025-02-04 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-05-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-05-16 | SH06 | capital | Capital cancellation shares | |
| 2025-05-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-29 | SH01 | capital | Capital allotment shares | |
| 2025-04-22 | MA | incorporation | Memorandum articles | |
| 2025-04-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 4
- Officers appointed
- 0
- 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.