POWER ON CONNECTIONS LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-10 (in 5mo)
Last made up 2025-09-26
Watchouts
None on the register
Cash
£280K
-55% vs 2023
Net assets
£4M
-26.9% vs 2023
Employees
296
-5.4% vs 2023
Profit before tax
£1M
-53% vs 2023
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 | £113,422,853 | £120,433,885 | |
| Operating profit | £565,755 | -£1,174,951 | |
| Profit before tax | £2,785,401 | £1,308,120 | |
| Net profit | £2,385,834 | £957,121 | |
| Cash | £621,622 | £279,508 | |
| Total assets less current liabilities | — | — | |
| Net assets | £5,736,736 | £4,193,857 | |
| Equity | £5,736,736 | £4,193,857 | |
| Average employees | 313 | 296 | |
| Wages | £17,463,115 | £17,101,727 |
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 |
|---|---|---|---|
| Operating margin | 0.5% | -1.0% | |
| Net margin | 2.1% | 0.8% | |
| Gearing (liabilities / total assets) | 91.1% | 93.9% | |
| Current ratio | 1.02x | 0.98x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- POWER ON CONNECTIONS LTD · parent
- Express Utilities Limited 100%
Significant events
- “The UK government introduced the Energy Act 2023, naming OFGEM the future regulator for heat networks across England, Scotland and Wales, as part of the plan to expand Great Britain's network of low carbon heating to promote the transition to net-zero emissions.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MUMFORD, Christopher | Secretary | 2013-03-05 | — | British |
| BRETT, Richard Mark | Director | 2023-07-28 | Jun 1985 | British |
| FITZSIMONS, Neil Gerard | Director | 2017-10-02 | Jan 1978 | Irish |
| HOCKMAN, Samuel | Director | 2025-03-31 | Sep 1982 | British |
| LINSDELL, Clive Eric | Director | 2008-03-19 | Mar 1962 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LARGENT, Barry Roy | Secretary | 2008-03-19 | 2011-03-31 |
| LEE, Simon John | Secretary | 2011-04-01 | 2013-03-05 |
| SPRINGHALL, Andrew | Secretary | 2003-09-26 | 2008-03-19 |
| BEAN, Christopher John | Director | 2003-09-26 | 2008-03-19 |
| BUCKBY, Mark John | Director | 2003-10-06 | 2008-03-19 |
| CHUDLEY, Bernard | Director | 2003-09-26 | 2008-03-19 |
| CORNEY, Darryl John | Director | 2013-10-28 | 2023-07-28 |
| HINDLE, Nicola Ruth | Director | 2021-04-14 | 2023-12-20 |
| HOLMES, Dewi Mark | Director | 2022-06-22 | 2026-04-13 |
| MORGAN, Dawn Caroline | Director | 2008-03-19 | 2011-10-31 |
| SHAW, Neil Edward | Director | 2008-03-19 | 2013-12-31 |
| SPRINGHALL, Andrew | Director | 2003-09-26 | 2008-03-19 |
| THEOBALD, Robert Stephen | Director | 2011-10-25 | 2021-05-28 |
| THIND, Manjit Singh | Director | 2003-09-26 | 2008-03-19 |
| WHITTAKER, Neil Martin | Director | 2010-08-24 | 2011-03-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Buuk Infrastructure No 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-25 | Active |
| Power On Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Ceased 2021-03-25 |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2023-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-07-14 | AA | accounts | Accounts with accounts type full | |
| 2021-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2021-03-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
+6.2%
£113,422,853 £120,433,885
-
Cash
-55%
£621,622 £279,508
-
Net assets
-26.9%
£5,736,736 £4,193,857
-
Employees
-5.4%
313 296
-
Operating profit
-307.7%
£565,755 -£1,174,951
-
Profit before tax
-53%
£2,785,401 £1,308,120
-
Wages
-2.1%
£17,463,115 £17,101,727
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