POWER NI ENERGY LIMITED
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Cash
£0
-100% vs 2024
Net assets
£216M
-14.2% vs 2024
Employees
546
-1.1% vs 2024
Profit before tax
-£10M
-143.5% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,070,100,000 | £900,100,000 | -15.9% | |
| Operating profit | £7,900,000 | -£21,900,000 | -377.2% | |
| Profit before tax | £23,700,000 | -£10,300,000 | -143.5% | |
| Net profit | £18,000,000 | -£7,800,000 | -143.3% | |
| Cash | £800,000 | £0 | -100% | |
| Total assets less current liabilities | £255,200,000 | £220,400,000 | -13.6% | |
| Net assets | £251,500,000 | £215,900,000 | -14.2% | |
| Equity | £251,500,000 | £215,900,000 | -14.2% | |
| Average employees | 552 | 546 | -1.1% | |
| Wages | £17,700,000 | £17,800,000 | +0.6% | |
| Directors' remuneration | £500,000 | £600,000 | +20% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 0.7% | -2.4% | |
| Net margin | 1.7% | -0.9% | |
| Return on capital employed | 3.1% | -9.9% | |
| Gearing (liabilities / total assets) | 56.2% | 52.8% | |
| Current ratio | 1.73x | 1.83x | |
| Interest cover | 6.58x | -13.69x |
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
- POWER NI ENERGY LIMITED 2012-02-02 → present
- NIE ENERGY LIMITED 1993-04-05 → 2012-02-02
Audit & accounting basis
- Accounting basis
- UK adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern to 31 July 2026.”
Significant events
- “The results for the year ended 31 March 2025 show a loss after tax of £7.8m (2024 - £18.0m profit) with the decrease primarily reflecting lower non-residential and residential margins.”
- “The Company paid a dividend of £60.0m during the year (2024 - £60.0m) to Energia Group NI Holdings Limited.”
- “Power Procurement Business (PPB) ceased operations in September 2023.”
- “Following a period of public consultation on the new price control to run for a four-year period from 1 April 2025 to 31 March 2029, the UR published its final determination on 24 April 2025.”
- “The deregistration of PPB was provided on 3 April 2025 and the Party deregistration was completed with effect from 23:00 on 3 June 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WHITFORD, Alwyn | Secretary | 2011-04-14 | — | — |
| CLARKE, Darren Samuel Keith | Director | 2024-03-28 | Dec 1981 | British |
| GARDINER, Catherine Louise | Director | 2024-03-28 | Jun 1977 | British |
| MCCAUGHTRY, Gillian Anne | Director | 2024-03-28 | Mar 1974 | British |
| RYAN, Gary Paul | Director | 2024-03-28 | Feb 1968 | Irish |
| STEELE, William Francis | Director | 2024-03-28 | Jan 1978 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CONACHER, Sarah Ruth | Secretary | 1993-04-05 | 2008-03-05 |
| THOM, Ian | Secretary | 2008-03-05 | 2011-04-14 |
| BAILEY, Siobhan Patricia | Director | 2016-03-24 | 2024-03-28 |
| EWING, Peter John | Director | 2008-03-05 | 2010-12-21 |
| MCDONNELL, James | Director | 1993-04-05 | 2002-02-22 |
| O'DONNELL BOURKE, Patrick Francis John | Director | 2010-12-21 | 2011-02-07 |
| THOM, Ian | Director | 2002-02-22 | 2024-03-28 |
| WHITFORD, Alwyn | Director | 2016-03-24 | 2024-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Energia Group Ni Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-26 | CH01 | officers | Change person director company with change date | |
| 2025-11-06 | AA | accounts | Accounts with accounts type full | |
| 2025-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-12 | AA | accounts | Accounts with accounts type full | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | AA | accounts | Accounts with accounts type full | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-15 | AA | accounts | Accounts with accounts type full | |
| 2022-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-17 | CH01 | officers | Change person director company with change date | |
| 2021-12-14 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.