ETHICAL POWER RENEWABLES LIMITED
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2027-02-17 (in 9mo)
Last made up 2026-02-03
Watchouts
Cash
£2M
+7.2% vs 2023
Net assets
-£11M
-46.2% vs 2023
Employees
100
+49.3% vs 2023
Profit before tax
-£4M
+50.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
Name history
Renamed 1 time since incorporation
- ETHICAL POWER RENEWABLES LIMITED 2024-10-31 → present
- ETHICAL POWER LTD 2010-04-14 → 2024-10-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 |
|---|---|---|---|
| Turnover | £26,362,000 | £48,815,000 | |
| Operating profit | -£6,984,000 | -£2,534,000 | |
| Profit before tax | -£7,535,000 | -£3,744,000 | |
| Net profit | -£5,536,000 | -£3,435,000 | |
| Cash | £1,509,000 | £1,618,000 | |
| Total assets less current liabilities | -£6,401,000 | -£10,406,000 | |
| Net assets | -£7,439,000 | -£10,874,000 | |
| Equity | -£7,439,000 | -£10,874,000 | |
| Average employees | 67 | 100 | |
| Wages | £2,988,000 | £4,163,000 |
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 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|
| Operating margin | -26.5% | -5.2% | |
| Net margin | -21.0% | -7.0% | |
| Return on capital employed | 109.1% | 24.4% | |
| Gearing (liabilities / total assets) | 119.1% | 117.9% | |
| Current ratio | 0.77x | 0.80x | |
| Interest cover | -5.61x | -1.96x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director has prepared cash flow forecasts and performed a going concern assessment which indicates that, the Company will have sufficient resources to meet its liabilities as they fall due. Hive Energy Limited has indicated its intention to provide financial and other support and does not intend to seek repayment of amounts currently due. Consequently, the Director is confident that the Company will have sufficient funds to continue to meet its liabilities for at least 12 months.”
Group structure
- ETHICAL POWER RENEWABLES LIMITED · parent
- Ethical Power O&M Limited 100%
- Ethical Power Security Limited 100%
- Fenton Lane Energy Limited 100%
- Fishpond Energy Limited 100%
- Huthwaite Solar Farm Limited 100%
- PVH2 Limited 100%
Significant events
- “Subsequent to 31 March 2024, the Company commenced work on a further 60MW of EPC contracts with Infinis and Ripple.”
- “Post year end the Ethical Power Group announced an integration exercise for all of the Group's UK construction activities, with staff to TUPE to Ethical Power Connections Ltd.”
- “On 16 January 2024 Northfield House Solar Limited, a 100% subsidiary of the Company, was dissolved via voluntary liquidation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KNEEN, Thomas Edward Rufus | Director | 2010-04-14 | Oct 1984 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCINTOSH, Peter Graham | Secretary | 2010-04-14 | 2017-03-28 |
| FRANKS, Matthew John | Director | 2011-01-05 | 2013-07-26 |
| HEUFF, Mark Nicolaas | Director | 2018-10-01 | 2020-02-16 |
| JEPSON, Jonathon Peter | Director | 2013-07-26 | 2017-03-28 |
| KAYE, Andrew Charles | Director | 2013-07-26 | 2017-03-27 |
| LOVEGROVE, Miles Alan | Director | 2011-01-05 | 2013-07-26 |
| MCINTOSH, Peter Graham | Director | 2010-04-14 | 2017-03-28 |
| WHITEFORD, Stuart William | Director | 2018-03-22 | 2021-10-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ethical Power Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 122 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-31 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-02 | AA | accounts | Accounts with accounts type full | |
| 2024-10-31 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-03-26 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-13 | AA | accounts | Accounts with accounts type full | |
| 2023-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-04-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-04-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-01-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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 2024-03-31 vs 2023-03-31
-
Turnover
+85.2%
£26,362,000 £48,815,000
-
Cash
+7.2%
£1,509,000 £1,618,000
-
Net assets
-46.2%
-£7,439,000 -£10,874,000
-
Employees
+49.3%
67 100
-
Operating profit
+63.7%
-£6,984,000 -£2,534,000
-
Profit before tax
+50.3%
-£7,535,000 -£3,744,000
-
Wages
+39.3%
£2,988,000 £4,163,000
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