CENTRICA ENERGY LIMITED

1. CENTRICA ENERGY LIMITED 2011-02-01 → present
2. ACCORD ENERGY LIMITED 1994-03-14 → 2011-02-01
3. ACCORD ELECTRICITY LIMITED 1993-12-02 → 1994-03-14

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have received confirmation from the Directors of Centrica plc that provided the Company remains part of the Group, Centrica plc will support the Company for at least one year after the date of signature of these financial statements and that amounts owed to Group undertakings will not be required to be repaid for the foreseeable future unless sufficient financial resources and facilities are available to the Company that would enable it, after such repayment, to continue as a going concern.”

Significant events

• “The Company's decrease in profit compared to 2023 is primarily due to a return to less inflated market prices and lower volatility throughout the year.”
• “While the war in Ukraine continues, alternative sources of gas to replace the Nord Stream 1 pipeline have been secured across Europe, largely through Liquified Natural Gas (LNG) shipped from outside the European continent. The Gaza conflict also has the potential to increase market volatility if wider Middle Eastern states are caught up in the conflict. The Centrica group continues to maintain hedging strategies, including aligning to the Ofgem price cap, to minimise exposure to market prices. The company does not own any businesses or operate in Russia, the Ukraine, Israel or Gaza and so has no direct impacts from these countries and territories. Furthermore, the Company has no investments in Russian entities or bonds. The Company is not expecting any direct material impacts but will keep monitoring the position.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -78.5%

  £443,513,000 → £95,268,000

• Cash

  +246.1%

  £1,637,000 → £5,665,000

• Net assets

  +3.1%

  £848,931,000 → £875,260,000

• Employees

  +2.9%

  35 → 36

• Operating profit

  -95.8%

  £307,636,000 → £12,903,000

• Profit before tax

  -88.6%

  £308,099,000 → £35,030,000

• Wages

  -44.4%

  £25,820,000 → £14,367,000

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