ELECTRICITYWORX LTD
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Cash
£465k
-48.7% vs 2024
Net assets
£2.6m
+41% vs 2024
Employees
38
+2.7% vs 2024
Profit before tax
£736k
+40.7% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £14,100,473 | £18,727,224 | +32.8% | |
| Operating profit | £536,101 | £741,199 | +38.3% | |
| Profit before tax | £522,954 | £735,743 | +40.7% | |
| Net profit | £561,891 | £758,622 | +35% | |
| Cash | £906,223 | £464,914 | -48.7% | |
| Total assets less current liabilities | £2,060,351 | £2,738,490 | +32.9% | |
| Net assets | £1,848,309 | £2,606,931 | +41% | |
| Equity | £1,848,309 | £2,606,931 | +41% | |
| Average employees | 37 | 38 | +2.7% | |
| Wages | £2,087,849 | £2,412,246 | +15.5% | |
| Directors' remuneration | £1,055,566 | £1,469,438 | +39.2% | |
| Directors' pension contributions | £32,967 | £25,704 | -22% | |
| Highest paid director | £577,590 | £537,087 | -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 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|
| Operating margin | 3.8% | 4.0% | |
| Net margin | 4.0% | 4.1% | |
| Return on capital employed | 26.0% | 27.1% | |
| Gearing (liabilities / total assets) | 64.1% | 72.6% | |
| Current ratio | 1.57x | 1.37x | |
| Interest cover | 40.78x | 60.00x |
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
- ELECTRICITYWORX LTD 2016-01-25 → present
- IRISH POWER CONSTRUCTION LIMITED 2014-05-06 → 2016-01-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton (NI) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the directors have concluded that the going concern basis of preparation is appropriate.”
Significant events
- “Electricityworx Ltd operates in markets that may be affected by changes in the economic environment, government policy, and regulatory developments, as well as wider global influences including the emerging risks associated with the ongoing conflict involving Iran..”
- “The Group has an RCF with HSBC UK Plc which is in place until September 2029.”
- “The Group has a term loan with Kinnerton Hill Capital LLP which is in place until October 2030.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HODGES, Jennifer | Secretary | 2024-12-01 | — | — |
| GUNNING, Aidan | Director | 2018-10-30 | Jan 1970 | Irish |
| GUNNING, John Anthony | Director | 2016-05-03 | Feb 1976 | Northern Irish |
| HART, Jonathan Peter | Director | 2021-04-21 | Nov 1972 | British |
| JAMES, Darren Glyn | Director | 2024-08-15 | Jun 1967 | British |
| PRICE, Phillip Reginald | Director | 2021-04-21 | Nov 1962 | British |
| SNEE, Michael Eugene | Director | 2021-04-21 | Jun 1964 | Irish |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARKIN, Eamon | Secretary | 2014-06-03 | 2014-12-12 |
| MCGLINCHEY, Nora | Secretary | 2014-12-12 | 2021-04-21 |
| SITTLINGTON, Rhona, Ms. | Secretary | 2024-03-26 | 2024-08-15 |
| COSGROVE, Joseph | Director | 2018-03-02 | 2023-05-31 |
| GUNNING, John Anthony | Director | 2014-05-06 | 2014-06-03 |
| HARKIN, Eamon | Director | 2014-06-03 | 2014-12-12 |
| MCGLINCHEY, Nora | Director | 2014-12-12 | 2021-04-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aureos Energy Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2021-04-21 | Active |
| Mr Aidan Gunning | Individual | Shares 25–50%, Voting 25–50% | 2018-10-30 | Ceased 2023-09-01 |
| Mr John Anthony Gunning | Individual | Shares 25–50%, Voting 25–50% | 2017-05-05 | Ceased 2018-12-05 |
| Miss Nora Mcglinchey | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2018-10-30 |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-09 MA Memorandum articles
- 2024-01-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type full | |
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-16 | AA | accounts | Accounts with accounts type small | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-13 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-09-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-01 | AA | accounts | Accounts with accounts type small | |
| 2024-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-09 | MA | incorporation | Memorandum articles | |
| 2024-01-09 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-17 | AA | accounts | Accounts with accounts type small | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-01 | 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
- 2
- 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.