SCOTTISHPOWER ENERGY RETAIL LIMITED
Operating as the retail division of ScottishPower, the company supplies electricity and gas to domestic and business customers across the UK and is a subsidiary of the Spanish-listed utility group Iberdrola.
Get an alert when SCOTTISHPOWER ENERGY RETAIL LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£9.7m
+29.3% highest in 3 filed years
Net assets
£152m
+19.4% highest in 3 filed years
Employees
968
+3.9% highest in 3 filed years
Profit before tax
£62m
-74.6% lowest in 3 filed years
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 | £7,610,600,000 | £4,690,400,000 | £3,970,500,000 | -15.3% | |
| Operating profit | £525,600,000 | £214,300,000 | £42,600,000 | -80.1% | |
| Profit before tax | £556,600,000 | £244,100,000 | £62,100,000 | -74.6% | |
| Net profit | £434,600,000 | £182,700,000 | £54,300,000 | -70.3% | |
| Cash | £3,300,000 | £7,500,000 | £9,700,000 | +29.3% | |
| Total assets less current liabilities | -£42,100,000 | £145,200,000 | £167,600,000 | +15.4% | |
| Net assets | -£54,200,000 | £127,600,000 | £152,300,000 | +19.4% | |
| Equity | -£54,200,000 | £127,600,000 | £152,300,000 | +19.4% | |
| Average employees | 925 | 932 | 968 | +3.9% | |
| Wages | £48,400,000 | £53,200,000 | £58,700,000 | +10.3% | |
| Directors' remuneration | £658,000 | £657,000 | £700,000 | +6.5% | |
| Highest paid director | £471,000 | £457,000 | £502,000 | +9.8% |
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 | 6.9% | 4.6% | 1.1% | |
| Net margin | 5.7% | 3.9% | 1.4% | |
| Return on capital employed | — | 147.6% | 25.4% | |
| Gearing (liabilities / total assets) | 102.8% | 92.0% | 90.4% | |
| Current ratio | 1.02x | 0.94x | 0.95x | |
| Interest cover | — | — | 15.78x |
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 2 times since incorporation
- SCOTTISHPOWER ENERGY RETAIL LIMITED 2001-05-11 → present
- SCOTTISHPOWER ENERGY SUPPLY LIMITED 1998-12-14 → 2001-05-11
- RANDOTTE (NO. 464) LIMITED 1998-10-14 → 1998-12-14
Audit & accounting basis
- Accounting basis
- other
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements and, therefore, have prepared the financial statements on a going concern basis.”
Significant events
- “Following the decision to exit the Industrial and Commercial ("I&C") supply market in 2022, the Company continues to service its remaining customer base but does not offer new fixed-term contract terms at the point of renewal.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REID, John | Secretary | 2024-09-23 | — | — |
| SIM, Valerie Margaret | Director | 2017-04-27 | Sep 1969 | British |
| WARD, Andrew Michael | Director | 2020-02-12 | Jul 1974 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Michael Howard | Secretary | 2011-01-07 | 2014-12-31 |
| GREGG, Rhona | Secretary | 2006-06-30 | 2007-10-26 |
| MCPHERSON, Donald James | Secretary | 2003-05-01 | 2006-06-30 |
| MEIKLEJOHN, Iain Maury Campbell | Nominee Secretary | 1998-10-14 | 1998-12-01 |
| MITCHELL, Andrew Ross | Secretary | 1998-12-01 | 2003-05-01 |
| ORR, Alistair | Secretary | 2014-12-31 | 2024-09-22 |
| ROSS, Marie Isobel | Secretary | 2007-10-26 | 2011-01-07 |
| BERRY, Charles Andrew | Director | 1999-11-08 | 2005-09-06 |
| CLITHEROE, Neil David | Director | 2011-11-14 | 2019-06-30 |
| CLITHEROE, Neil David | Director | 2009-09-25 | 2009-12-31 |
| JACK, Raymond | Director | 2007-03-06 | 2011-12-31 |
| JOYCE, Donald Crawford | Director | 2008-03-20 | 2010-08-13 |
| MACDIARMID, Donald William | Director | 2001-08-14 | 2009-09-25 |
| MCNEILL, Colin Fyffe | Director | 2017-07-11 | 2019-11-01 |
| MEIKLEJOHN, Iain Maury Campbell | Nominee Director | 1998-10-14 | 1998-12-01 |
| RAIGOSO, Aitor Moso | Director | 2011-11-14 | 2017-08-28 |
| ROSSI, Marc Domenico | Director | 2010-08-13 | 2017-04-01 |
| RUSSELL, Ian Simon Macgregor | Director | 1998-12-01 | 2001-08-14 |
| WARK, David Lewis | Director | 2001-08-14 | 2008-03-20 |
| WHYTE, Duncan | Director | 1998-12-01 | 1999-05-31 |
| WILL, James Robert | Nominee Director | 1998-10-14 | 1998-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottish Power Retail Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 137 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-22 MA Memorandum articles
- 2022-11-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-09-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-25 | AA | accounts | Accounts with accounts type full | |
| 2024-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-28 | AA | accounts | Accounts with accounts type full | |
| 2023-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | CH01 | officers | Change person director company with change date | |
| 2022-11-22 | MA | incorporation | Memorandum articles | |
| 2022-11-22 | RESOLUTIONS | resolution | Resolution | |
| 2022-06-17 | AA | accounts | Accounts with accounts type full | |
| 2022-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-07 | AA | accounts | Accounts with accounts type full | |
| 2021-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-06 | AA | accounts | Accounts with accounts type full | |
| 2020-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-12 | AP01 | officers | Appoint person director company with name 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.