OEG RENEWABLES GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-09 (in 10mo)
Last made up 2026-02-23
Watchouts
None on the register
Cash
£20M
USD 26,399,000
Latest balance sheet
Net assets
£65M
USD 86,623,000
Equity attributable
Employees
618
Average over period
Profit before tax
£8M
USD 11,200,000
Period ending 2024-12-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £94,890,484 | £219,339,912 | |
| Operating profit | £5,741,945 | £12,161,920 | |
| Profit before tax | £6,322,045 | £8,372,580 | |
| Net profit | £5,544,591 | £5,285,939 | |
| Cash | £13,073,185 | £19,734,619 | |
| Total assets less current liabilities | £143,450,699 | £170,689,990 | |
| Net assets | £60,438,065 | £64,755,177 | |
| Equity | £60,438,065 | £64,755,177 | |
| Average employees | 418 | 618 | |
| Wages | £13,583,016 | £31,243,179 | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 6.1% | 5.5% | |
| Net margin | 5.8% | 2.4% | |
| Return on capital employed | 4.0% | 7.1% | |
| Gearing (liabilities / total assets) | 65.3% | 68.3% | |
| Current ratio | 1.84x | 2.24x | |
| Interest cover | 5.25x | 7.20x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having assessed the Group's financial position and prospects at the time of approving the financial statements, including consideration of reasonably possible downside sensitivities, we are satisfied that the Company and Group has appropriate resources to continue to operate in the ordinary course for at least twelve months from signing the financial statements. Accordingly, the financial statements are prepared on a going concern basis.”
Group structure
- OEG RENEWABLES GROUP LIMITED · parent
- OEG Cables Limited 100%
- Fern Communications Limited 100%
- Geosight Limited 100%
- Hughes Subsea Services Limited 100%
- Manor Energy Group Limited 100%
- Manor Renewable Energy Limited 100%
- Pegasus Welfare Solutions Limited 100%
- Pelagian Limited 100%
- Pelagian France 100%
- Sea Jet Systems Limited 92%
- SMC Blades Limited 70%
- Specialist Marine Consultants Limited 100%
- OEG Renewable Energy Inc 100%
- Opus Marine GmBH 100%
- Opus Marine Taiwan Co Limited 49%
- OEG Renewables Group B.V. 100%
- Bluestream Management BV 100%
- Bluestream Offshore BV 100%
- Marine Coordination Services BV 100%
- ONRG Limited 100%
- OPS Group Holdings Limited 100%
- Offshore Painting Services Limited 100%
- OPS Training Limited 100%
- OPS Wind Limited 100%
- OEG Renewables Limited 100%
- OEG Renewables Limited 100%
Significant events
- “On 19 March 2025, it was announced that funds managed by Apollo affiliates (the "Apollo funds") have agreed to acquire a majority stake in OEG Energy Group Limited from the Power Opportunities Fund of Oaktree Capital Management, LP ("Oaktree") and other investors. The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close in Q2 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEITON, John Miller | Director | 2023-02-24 | Oct 1976 | British |
| MURRAY, Thomas Anthony | Director | 2024-10-18 | Dec 1967 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLEMING, Douglas Weir | Director | 2023-11-24 | 2024-10-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Oeg Global Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-24 | Active |
Filing timeline
Last 20 of 28 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-14 RESOLUTIONS Resolution
- 2024-06-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-06 | AA | accounts | Accounts with accounts type group | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | AA | accounts | Accounts with accounts type group | |
| 2024-11-27 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-10-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-17 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-06-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-09 | SH01 | capital | Capital allotment shares | |
| 2024-06-09 | SH01 | capital | Capital allotment shares | |
| 2024-03-21 | AA01 | accounts | Change account reference date company previous shortened |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- 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.