ENERGY B PLC
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-07-31
Confirmation statement due
2026-07-26 (in 2mo)
Last made up 2025-07-12
Watchouts
Cash
£24K
+84.6% vs 2024
Net assets
-£49K
-108.6% vs 2024
Employees
5
0% vs 2024
Profit before tax
-£645K
+38.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Group incurred a loss for the year of approximately £645,000 and net cash operating inflow of approximately £8,000 for the year ended 31 July 2025. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-07-31
| Metric | Trend | 2024-07-31 | 2025-07-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£949,000 | -£624,000 | |
| Profit before tax | -£1,047,000 | -£645,000 | |
| Net profit | -£1,047,000 | -£645,000 | |
| Cash | £13,000 | £24,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £570,000 | -£49,000 | |
| Equity | £570,000 | -£49,000 | |
| Average employees | 5 | 5 | |
| Wages | £200,000 | £146,000 | |
| Directors' remuneration | £66,000 | £150,000 |
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
FY2024 → FY2025 · period ending 2025-07-31 vs 2024-07-31
-
Turnover
—
Not reported
-
Cash
+84.6%
£13,000 £24,000
-
Net assets
-108.6%
£570,000 -£49,000
-
Employees
0%
5 5
-
Operating profit
+34.2%
-£949,000 -£624,000
-
Profit before tax
+38.4%
-£1,047,000 -£645,000
-
Wages
-27%
£200,000 £146,000
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 | 2024-07-31 | 2025-07-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 26.5% | 107.3% | |
| Current ratio | 0.26x | 0.06x | |
| Interest cover | -237.25x | -312.00x |
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
- ENERGY B PLC 2025-10-20 → present
- HYDROGEN FUTURE INDUSTRIES PLC 2021-11-19 → 2025-10-20
- HYDROGEN ONE PLC 2021-07-13 → 2021-11-19
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Edwards Veeder (UK) Limited
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“The Group incurred a loss for the year of approximately £645,000 and net cash operating inflow of approximately £8,000 for the year ended 31 July 2025. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern.”
Group structure
- ENERGY B PLC · parent
- HFI Energy Systems Ltd 100%
- HFI IP Holdings Ltd 100%
- HFI Development Ltd 100%
- HFI Consulting Ltd 100%
- HFI Ireland 70%
Significant events
- “On 26 September 2025, the Board announced a proposed pivot of the Company to a bitcoin treasury strategy which would sit alongside the existing operated technology business.”
- “On 6 October 2025 the Company conditionally raised gross proceeds of £400,000 through the conditional issue of 40 million new ordinary shares at a price of 1 pence per share.”
- “The Company conditionally agreed to issue approximately 17.2 million new Ordinary Shares at 1 pence per share to settle creditor liabilities of approximately £172,000.”
- “A General Meeting subsequently held on 13 October 2025 approved the Company's new corporate strategy. In connection with this, the Company changed its name to energy B plc to reflect the revised strategic focus and undertook a 50 to 1 share consolation to provide a capital structure intended to be more attractive to crypto currency focused investors.”
- “A subsequent downturn in the bitcoin price led the newly appointed directors to conclude they would be unable to complete their proposed funding and cryptocurrency treasury policy, and they resigned from the Board without notice on 3 December 2025.”
- “On 10th May 2025, the Company signed a declaration of trust to transfer its interest in its wholly owned subsidiary, HFI Energy Systems (US), to the Company's CEO, retaining no interest in the entity and with no consideration.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WESTEND CORPORATE LLP | Corporate Secretary | 2025-10-13 | — | — |
| COLVILLE, Jonathan Charles | Director | 2025-04-02 | Jan 1957 | British |
| RITSON, Neil | Director | 2023-09-08 | Dec 1955 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ORANA CORPORATE LLP | Corporate Secretary | 2021-07-13 | 2025-10-13 |
| APPLETON, Alexander James | Director | 2025-09-26 | 2025-12-03 |
| EL-KHAYAT, Amir Mohamad Kheir | Director | 2021-07-13 | 2021-09-15 |
| GOW, Sarah Jane | Director | 2025-09-26 | 2025-12-03 |
| HAXBY, Hannah Victoria Woodley | Director | 2024-06-14 | 2024-11-01 |
| LENIGAS, David Anthony | Director | 2021-09-13 | 2021-09-22 |
| MALING, Daniel John Shilton | Director | 2021-09-22 | 2025-10-06 |
| NDORO, Fungai | Director | 2021-09-08 | 2024-04-25 |
| NEATES, Ryan Paul | Director | 2021-07-13 | 2021-09-08 |
| ORMEROD, David Scott | Director | 2021-09-13 | 2023-09-08 |
| VILLENEUVE, Pierre Paul | Director | 2025-09-26 | 2025-12-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Timothy Blake | Individual | Shares 25–50% | 2023-05-23 | Ceased 2025-01-31 |
| Mr Torbjorn Flo Aasen | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-09-07 | Ceased 2021-09-10 |
| Orana Corporate Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-13 | Ceased 2021-09-07 |
Filing timeline
Last 20 of 72 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-30 RESOLUTIONS Resolution
- 2025-10-30 MA Memorandum articles
- 2025-10-24 RESOLUTIONS Resolution
- 2025-10-20 CERTNM Certificate change of name company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-07 | AA | accounts | Accounts with accounts type group | |
| 2025-12-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-21 | SH02 | capital | Capital alter shares subdivision | |
| 2025-11-20 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-14 | SH08 | capital | Capital name of class of shares | |
| 2025-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | MA | incorporation | Memorandum articles | |
| 2025-10-24 | SH02 | capital | Capital alter shares consolidation | |
| 2025-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-20 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-10-17 | SH01 | capital | Capital allotment shares | |
| 2025-10-17 | SH01 | capital | Capital allotment shares | |
| 2025-10-17 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-10-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 5
- Officers appointed
- 1
- Officers resigned
- 5
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.