SSE SERVICES PLC

1. SSE SERVICES PLC 2001-10-04 → present
2. SOUTHERN ELECTRIC PLC 1989-04-01 → 2001-10-04

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis which has been supported by the provision of a parental letter of support from SSE plc. The Group letter of support confirms that the Group will provide support to 31 December 2026 where required. The Directors are satisfied that the Group has the ability to provide this support, should it be required.”

Group structure

1. SSE SERVICES PLC · parent
   1. SSE(SE) Quest Trustee Limited 1% · England & Wales · Dormant
   2. SSE Trustees Limited 1% · England & Wales · Dormant
   3. SSE OWS Glasgow Limited 1% · Scotland · Property investment
   4. Electricity Pensions Trustee Limited 0.0684% · England & Wales · Pension trustee
   5. Electricity Pensions Limited 0.0385% · England & Wales · Pension Administration
   6. Northmere Limited 0.0556% · England & Wales · Investment company
   7. Smart Energy Code Company Limited 0.0032% · England & Wales · Implementation of the Smart Energy Code

Significant events

• “During the year, SSE Services plc received a £400m capital contribution from its parent, SSE plc, as a result of a waiver of amounts due to SSE plc.”
• “SSE Services plc completed the sale of investment property held for sale in Exeter on 30 May 2025 for £2.8m and therefore realised an impairment loss at the balance sheet date of £0.3m.”
• “The remaining investment property held for sale was sold on 31 July 2025. Cumulative impairment losses of £1.8m have been reversed at 31 March 2025 to increase the carrying value to £3.8m.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -2.4%

  £215,600,000 → £210,500,000

• Cash

  —

  Not reported

• Net assets

  +150.6%

  -£186,900,000 → £94,500,000

• Employees

  +12%

  2,413 → 2,703

• Operating profit

  -18.6%

  -£129,800,000 → -£154,000,000

• Profit before tax

  -13.3%

  -£181,100,000 → -£205,200,000

• Wages

  +7%

  £85,300,000 → £91,300,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers