PHOENIX ENERGY GROUP LTD
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Cash
£25m
+16.3% highest in 3 filed years
Net assets
£315m
+7.7% highest in 3 filed years
Employees
128
+1.6% highest in 3 filed years
Profit before tax
£18m
-48.6% vs 2024
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 | £84,500,000 | £103,400,000 | £97,100,000 | -6.1% | |
| Operating profit | £35,500,000 | £56,800,000 | £47,300,000 | -16.7% | |
| Profit before tax | £15,900,000 | £35,200,000 | £18,100,000 | -48.6% | |
| Net profit | £8,700,000 | £23,200,000 | £10,600,000 | -54.3% | |
| Cash | £10,100,000 | £21,500,000 | £25,000,000 | +16.3% | |
| Total assets less current liabilities | £452,200,000 | — | £949,300,000 | — | |
| Net assets | £279,100,000 | £292,600,000 | £315,000,000 | +7.7% | |
| Equity | £279,100,000 | £292,600,000 | £315,000,000 | +7.7% | |
| Average employees | 120 | 126 | 128 | +1.6% | |
| Wages | £5,700,000 | £5,600,000 | £6,400,000 | +14.3% | |
| Directors' remuneration | £400,000 | £700,000 | £700,000 | 0% | |
| Highest paid director | £200,000 | £600,000 | £700,000 | +16.7% |
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 | 42.0% | 54.9% | 48.7% | |
| Net margin | 10.3% | 22.4% | 10.9% | |
| Return on capital employed | 7.9% | — | 5.0% | |
| Gearing (liabilities / total assets) | 71.1% | 70.3% | 68.4% | |
| Current ratio | 0.34x | 3.08x | 4.09x | |
| Interest cover | 1.79x | 2.34x | 1.57x |
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 3 times since incorporation
- PHOENIX ENERGY GROUP LTD 2023-10-13 → present
- PHOENIX NATURAL GAS LIMITED 2008-09-24 → 2023-10-13
- PHOENIX DISTRIBUTION (NORTHERN IRELAND) LIMITED 2007-06-18 → 2008-09-24
- BELFAST GAS LIMITED 1997-08-11 → 2007-06-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte (NI) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company's financial forecasts and projections to June 2027 show that the company expects to continue to generate positive cash flows. At the year end, the company has cash balances of £25.0m and has committed bank financing facilities to June 2027, including £55.0m of undrawn facilities available.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARKWELL, Peter Graeme | Secretary | 2023-09-26 | — | — |
| BENDING, Jeremy Brice | Director | 2018-02-12 | Jul 1954 | British |
| CHADA, Kailash | Director | 2023-06-15 | Apr 1971 | British |
| KIRKPATRICK, Stephen | Director | 2024-02-13 | Nov 1963 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHADA, Kailash | Secretary | 2018-02-06 | 2023-09-26 |
| HORNBY, Jenny Belinda | Secretary | 2004-12-30 | 2005-12-15 |
| INMAN, Carol Susan | Secretary | 1997-08-11 | 2004-12-30 |
| MC KINSTRY, William Francis Michael | Secretary | 2005-12-14 | 2018-02-06 |
| AMBROSE, Brian | Director | 2015-02-13 | 2024-02-12 |
| BELL, Ivan Robert | Director | 2008-02-21 | 2013-12-18 |
| DIXON, Peter Vincent | Director | 2013-12-18 | 2014-12-31 |
| DIXON, Peter Vincent | Director | 2005-12-15 | 2010-03-30 |
| EDWARDS, Mark | Director | 1997-08-11 | 2002-10-25 |
| FULTON, Richard | Director | 2010-02-15 | 2015-02-14 |
| GRIFFIN, John Edward Henry | Director | 1997-08-11 | 2003-04-01 |
| HOLDER, Philip Bernard | Director | 2004-12-30 | 2006-01-11 |
| INMAN, Carol Susan | Director | 2002-10-25 | 2004-12-30 |
| MATHEWS, Benedict John Spurway | Director | 2003-04-01 | 2004-12-30 |
| MCKINSTRY, William Francis Michael | Director | 2013-12-18 | 2023-06-15 |
| MCKINSTRY, William Francis Michael | Director | 2005-12-15 | 2010-03-30 |
| POLLOCK, Alastair John | Director | 2015-02-13 | 2016-12-31 |
| POLLOCK, Alastair John | Director | 2008-02-21 | 2013-12-18 |
| RITSON, Peter Julian | Director | 2010-02-15 | 2018-02-12 |
| RUSSELL, David George | Director | 2010-02-15 | 2017-06-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Phoenix Distribution Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 141 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-22 RESOLUTIONS Resolution
- 2023-11-16 MA Memorandum articles
- 2023-10-13 CERTNM Certificate change of name company
- 2023-10-13 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-03 | AA | accounts | Accounts with accounts type full | |
| 2026-03-16 | CH01 | officers | Change person director company with change date | |
| 2026-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-22 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-16 | MA | incorporation | Memorandum articles | |
| 2023-10-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-13 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-10-13 | CONNOT | change-of-name | Change of name notice | |
| 2023-09-29 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-09-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-14 | AA | accounts | Accounts with accounts type full | |
| 2023-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-21 | TM01 | officers | Termination director company with name termination date |
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.