SO ENERGY TRADING LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors acknowledge the financial resilience requirements from Ofgem, which are in part supported by the funding available to the business as described above. At the time of these accounts being signed, the existing funding facilities or alternative arrangements with Ofgem are not in place for the following 12 months to comply with these requirements. As Ofgem retains the ability to levy fines, impose licence conditions or revoke a supplier's license for non-compliance with the requirements, this represents a material uncertainty which casts doubt on the Company's ability to continue as a going concern, and the Company's ability to realise its assets and discharge its liabilities in the normal course of business. However, given the current funding available to So Energy, and continued engagement with Ofgem, the Directors believe that a satisfactory agreement will be confirmed in the first quarter of 2026 via a combination of improved business performance, and facility restructuring.

1. SO ENERGY TRADING LIMITED 2015-07-17 → present
2. GOLD ENERGY SUPPLY LIMITED 2014-10-14 → 2015-07-17

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte (NI) Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors acknowledge the financial resilience requirements from Ofgem, which are in part supported by the funding available to the business as described above. At the time of these accounts being signed, the existing funding facilities or alternative arrangements with Ofgem are not in place for the following 12 months to comply with these requirements. As Ofgem retains the ability to levy fines, impose licence conditions or revoke a supplier's license for non-compliance with the requirements, this represents a material uncertainty which casts doubt on the Company's ability to continue as a going concern, and the Company's ability to realise its assets and discharge its liabilities in the normal course of business. However, given the current funding available to So Energy, and continued engagement with Ofgem, the Directors believe that a satisfactory agreement will be confirmed in the first quarter of 2026 via a combination of improved business performance, and facility restructuring.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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