E.ON ENERGY SOLUTIONS LIMITED

Company number

03407430

Status

Active

Incorporation

1997-07-17

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

35140

Hubs

UK Energy & Climate

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the Company's principal risks and uncertainties and concluded that the Company will have sufficient funds available under its current resources and committed facilities to continue to meet its liabilities as they fall due for at least 12 months from the date these financial statements are approved. These financial statements have been prepared on the going concern basis, which the directors believe to be appropriate for the following reasons: • The Company is a significant component of the E.ON SE group, one of Europe's largest energy groups and performs key business activities including the provision of energy related services. • The Company is a member of the UK cash pooling facility managed by EON SE, whereby the cash balance of the Company is swept into an inter-company bank account on a daily basis. To the extent that working capital requirements arise, these are met through access to the cash pooling facility. As at the date of approval of these financial statements, the Company had a net receivable balance from that facility. • The Company's parent, E.ON UK plc, has significant receivables from its immediate parent company, HoldCo. HoldCo has prepared a base case financial forecast covering the E.ON UK group companies ("the UK Group"), including the Company, for at least 12 months from the date these financial statements are approved. These forecasts indicate that the UK Group will have sufficient funds available under its current resources and committed facilities to continue to meet its liabilities as they fall due.”

Subsidiaries

• E.ON Energy Gas (Eastern) Limited · 100% held · UK · Dormant
• E.ON Energy Gas (Northwest) Limited · 100% held · UK · Dormant
• E.ON Project Earth Limited · 0% held · UK · Leasing of ground source heating systems
• E.ON UK Industrial Shipping Limited · 100% held · UK · Dormant
• Economy Power Limited · 100% held · UK · Dormant

Significant events

• “On 1 March 2024, as part of a restructuring exercise ("Project Spring"), the Company disposed of its Obligation, Green Funding and E-mobility businesses and certain assets and liabilities to fellow group companies for a total cash consideration of £27 million. On the same date, the Company also disposed of its investment in E.ON Project Earth Limited to E.ON UK EIS Holdings Limited for a cash consideration of £7 million.”
• “the transfer of the Company's City Energy Solutions business to a fellow group undertaking is expected to commence in 2025.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers