OVO ENERGY LTD

• ⚠

  Material uncertainty over going concern

  This creates a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern and therefore its ability to continue to support the Company. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“This creates a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern and therefore its ability to continue to support the Company. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.”

Group structure

1. OVO ENERGY LTD · parent
   1. OVO Electricity Ltd 100% · UK · Electricity supply licence holder and sale of services
   2. OVO Gas Ltd 100% · UK · Gas supply licence holder and sale of services
   3. Spark Gas Shipping Ltd 100% · UK · Non-trading company
   4. Bonnet Ltd 100% · UK · Development of software application
   5. OVO (S) Energy Solutions Limited 100% · UK · Installation energy efficiency measures in domestic properties
   6. OVO (S) Electricity Limited 100% · UK · Dormant
   7. OVO (S) Gas Limited 100% · UK · Sale of products and services enabling decarbonisation

Significant events

• “In 2024, we launched Beyond, the UK's first Energy Savings Account. We launched Charge Anywhere enabling EV drivers to use over 34,000 UK public chargers at discounted rates. We carried on supporting customers with installations of EV chargers, solar panels, and heat pumps.”
• “We appointed Justin King CBE, to the position of non-executive Chair, and David Buttress, to the position of CEO. James Davies also joined the business as Chief Financial Officer.”
• “To support our customers most in need, 2024 saw our award-winning OVO Extra Support package launch for a third year in a row. The £50 million package included payment support, emergency top-up credit, and temporary payment reductions. We also gave out free energy-saving products, including electric blankets.”
• “Climate change presents a range of physical and transition risks as well as opportunities for us to manage and respond to. In 2024, we worked on defining the role of an energy retailer in climate adaptation for our customers. We released our first adaptation assessment and joined the Green Alliance Climate Adaptation Task Force.”

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

Filings

10

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.