INENCO GROUP LIMITED

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 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 30 April 2024, the Company had net assets of £46.1m (2023: £45.1m), cash holdings of £10.1m (2023: £11.8m) and no external debt (2023: nil). The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The Directors have prepared cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements. In order to examine the Company's expected ability to meet its future commitments when due and maintain a healthy cash position, the Directors have also performed a number of stress test scenarios, including the impact of EBITDA falling short of forecasts in future years and the impact of an extended invoice to cash collection period due to the current market pressures. The vast majority of energy suppliers used by the Company, from which a significant proportion of the Company's revenue is collected, continue to be large, financially secure suppliers. Management continues to actively monitor suppliers closely but are confident appropriate mitigating actions have been taken. This analysis indicates that, considering reasonably possible downsides based on the current known situation, the Company will have sufficient funds to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements. As a result, the financial statements have been prepared on a going concern basis.”

Group structure

1. INENCO GROUP LIMITED · parent
   1. Inenco Energy Trading Limited 100% · England · Dormant

Significant events

• “On 16 August 2024, Inenco Holdings Limited and its subsidiaries, including the Company, were acquired by Sustainable Energy First Limited.”
• “continued innovation in new sustainability service offerings designed to drive the de-carbonisation of the UK's business carbon footprint should help to secure further new business.”
• “Immediately prior to the acquisition, the Company paid dividends to its immediate parent company. These dividends facilitated full settlement of the £33.0m of amounts owed by group undertakings included within debtors at 30 April 2024.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +10.1%

  £18,437,000 → £20,296,000

• Cash

  -14.9%

  £11,808,000 → £10,050,000

• Net assets

  +2.1%

  £45,134,000 → £46,064,000

• Employees

  +7.3%

  274 → 294

• Operating profit

  +1,058.8%

  £85,000 → £985,000

• Profit before tax

  +493.3%

  £209,000 → £1,240,000

• Wages

  +12.2%

  £12,019,000 → £13,481,000

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