E.ON ENERGY SOLUTIONS 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 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.”

Group structure

1. E.ON ENERGY SOLUTIONS LIMITED · parent
   1. E.ON Energy Gas (Eastern) Limited 100% · UK · Dormant
   2. E.ON Energy Gas (Northwest) Limited 100% · UK · Dormant
   3. E.ON Project Earth Limited 0% · UK · Leasing of ground source heating systems
   4. E.ON UK Industrial Shipping Limited 100% · UK · Dormant
   5. Economy Power Limited 100% · 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 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

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

  -30.9%

  £1,074,000,000 → £742,000,000

• Cash

  —

  Not reported

• Net assets

  +21%

  £490,000,000 → £593,000,000

• Employees

  -1.9%

  3,574 → 3,506

• Operating profit

  +97.1%

  £34,000,000 → £67,000,000

• Profit before tax

  +250%

  £34,000,000 → £119,000,000

• Wages

  -3.9%

  £154,000,000 → £148,000,000

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