ENERVEO LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. ENERVEO LIMITED 2021-10-27 → present
2. SSE CONTRACTING LIMITED 2011-09-30 → 2021-10-27
3. SOUTHERN ELECTRIC CONTRACTING LIMITED 1991-11-28 → 2011-09-30
4. SOUTHERN ELECTRIC CONTRACTORS LIMITED 1988-12-22 → 1991-11-28
5. SPECTEMP LIMITED 1988-11-14 → 1988-12-22

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. A re-capitalisation was undertaken by SSE plc on repurchase of the Company on 22 March 2024. SSE plc injected further capital through effecting the waiving of intercompany balances owed by Enerveo to fellow SSE plc subsidiaries in FY25. These actions have strengthened the Company's financial position, enabling it to effectively meet its working capital requirements. Additionally, Enerveo has secured a letter of comfort from its Ultimate Parent Company, confirming support for at least 12 months from the date of approval of these financial statements.”

Group structure

1. ENERVEO LIMITED · parent
   1. Enerveo Ireland Limited 100% · Ireland · Lighting maintenance and electrical contracting services
   2. Pride (SERP) Limited 50% · England · Facilities management

Significant events

• “On the 3 October 2024, Enerveo entered into a sale agreement with a third party to dispose of its Infrastructure Solution ("IS") business. The sale deal failed to complete prior to the year end, resulting in the business unit no longer being classified as held for sale at 31 March 2025 and our shareholder reassessed its strategy in relation to the Infrastructure Solution business. Following a re-engagement of the sale process in July 2025, a new buyer was identified, and a business purchase agreement has been entered into with the third party on 23 September 2025 with an expected completion date in December 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -10.9%

  £218,400,000 → £194,700,000

  lowest in 5 filed years

• Cash

  -20.1%

  £14,900,000 → £11,900,000

• Net assets

  +827.8%

  £3,600,000 → £33,400,000

  first positive since 2023

• Employees

  -10.3%

  1,097 → 984

  lowest in 5 filed years

• Operating profit

  -200%

  £800,000 → -£800,000

• Profit before tax

  0%

  -£1,700,000 → -£1,700,000

• Wages

  -4.1%

  £50,800,000 → £48,700,000

  lowest in 5 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers