XP POWER PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-20 (in 8mo)
Last made up 2026-01-06
Watchouts
None on the register
Cash
£79K
0% vs 2023
Net assets
£28M
+0.1% vs 2023
Employees
0
Average over period
Profit before tax
£151K
+65.9% vs 2023
Name history
Renamed 3 times since incorporation
- XP POWER PLC 2003-05-02 → present
- IFX POWER PLC 2000-06-13 → 2003-05-02
- EC2F LIMITED 2000-04-19 → 2000-06-13
- FORTUNECROFT LIMITED 2000-01-06 → 2000-04-19
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £91,000 | £151,000 | |
| Net profit | £91,000 | £31,000 | |
| Cash | £79,000 | £79,000 | |
| Total assets less current liabilities | £27,778,000 | £27,929,000 | |
| Net assets | £27,778,000 | £27,809,000 | |
| Equity | £27,778,000 | £27,809,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 0.0% | 0.4% | |
| Current ratio | — | 183.03x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the company's financial position and believe it is appropriate to prepare the financial statements on the going concern basis, whereby the Company continues to hold sufficient liquid assets to meet its liabilities falling due for at least one year after these financial statements are signed.”
Group structure
- XP POWER PLC · parent
- XP PLC 100%
- XP Power International Limited 100%
- XP Power (Shanghai) Co Limited 100%
- XP Power Holdings Limited 100%
- XP Engineering Services Limited 100%
- XP Power AG 100%
- XP Electronics Limited 100%
- Powersolve Electronics Limited 90.6%
- XP Energy Systems Limited 100%
- Safety Power Group Limited 100%
- Hanatomic Engineering Support 100%
- XP Power Srl 100%
- XP Power ApS 100%
- XP Power Sweden AB 100%
- XP Power GmbH 100%
- XP Power SA 100%
- XP Power Norway AS 100%
- Glassman Europe Limited 100%
- FORX Inc 100%
- XP Power LLC 100%
Significant events
- “During the year ended 31 December 2023 a direct wholly owned subsidiary of the Company, domiciled in the UK, declared an interim dividend of £13.35m. Under UK law, an interim dividend can be cancelled at the discretion of the entity declaring the dividend and therefore it did not meet the criteria for recognition as income or as receivable by the Company. On 4 June 2025 this interim dividend remained unpaid and the Directors of the subsidiary resolved to cancel the dividend. The Company subsequently declared an interim dividend to it's immediate parent company of £13.35m, also during the year ended 31 December 2023. Under UK law, an interim dividend can be cancelled at the discretion of the entity declaring the dividend and therefore it did not meet the criteria for recognition as a distribution from reserves or as payable by the Company. On 4 June 2025 this interim dividend remained unpaid and the Directors of the Company resolved to cancel the dividend.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARTWRIGHT, Ruth Amy | Secretary | 2022-05-13 | — | — |
| GRIGGS, Gavin Peter | Director | 2020-07-03 | Apr 1971 | British |
| WEBB, Matthew John | Director | 2023-09-12 | Jan 1974 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HONEYMAN, Anne Macdonald | Secretary | 2004-10-13 | 2012-10-01 |
| PENNY, Duncan John | Secretary | 2000-04-19 | 2004-10-13 |
| RHODES, Jonathan Simon | Secretary | 2012-10-01 | 2022-05-13 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-01-06 | 2000-04-19 |
| AMOS, Stuart Roland | Director | 2000-06-15 | 2001-06-20 |
| BARTLETT, Roger Anthony John | Director | 2000-06-15 | 2007-04-30 |
| CHARLTON, Peter John | Nominee Director | 2000-01-06 | 2000-04-19 |
| CHRISTIANSEN, Paul | Director | 2002-08-20 | 2004-06-07 |
| DOLAN, Paul David Broomfield | Director | 2006-04-19 | 2007-04-30 |
| DYSON, John Howard | Director | 2000-06-15 | 2007-04-30 |
| HONEYMAN, Anne Macdonald | Director | 2007-10-01 | 2020-07-03 |
| KRAMAR, Edward Francis | Director | 2000-06-15 | 2002-04-17 |
| LAVER, Michael R | Director | 2002-08-20 | 2020-07-03 |
| LYNCH, Joseph Michael | Director | 2004-06-10 | 2017-12-06 |
| PENNY, Duncan John | Director | 2000-04-19 | 2021-08-02 |
| PETERS, James Edward | Director | 2000-04-19 | 2012-05-01 |
| RENE, Frank Joseph | Director | 2002-08-20 | 2006-03-10 |
| RICHARDS, Martin Edgar | Nominee Director | 2000-01-06 | 2000-04-19 |
| ROBINSON, Steve William | Director | 2001-01-31 | 2006-03-10 |
| SAKAKEENY, Richard | Director | 2001-08-22 | 2005-06-09 |
| STIBBS, David Michael | Director | 2023-03-31 | 2023-09-12 |
| TRACEY, Lawrence Barry | Director | 2000-04-19 | 2012-05-01 |
| ZAHN, Oskar | Director | 2021-08-02 | 2023-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xp Power Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 184 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-24 MA Memorandum articles
- 2025-10-24 RESOLUTIONS Resolution
- 2022-06-01 MA Memorandum articles
- 2022-06-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-04 | SH01 | capital | Capital allotment shares | |
| 2025-10-24 | MA | incorporation | Memorandum articles | |
| 2025-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-21 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-27 | AA | accounts | Accounts with accounts type interim | |
| 2023-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-09 | AA | accounts | Accounts with accounts type full | |
| 2023-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-06 | AA | accounts | Accounts with accounts type full | |
| 2022-06-01 | MA | incorporation | Memorandum articles | |
| 2022-06-01 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
0%
£79,000 £79,000
-
Net assets
+0.1%
£27,778,000 £27,809,000
-
Employees
—
Not reported
-
Profit before tax
+65.9%
£91,000 £151,000
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