POZITIVE ENERGY LTD

1. POZITIVE ENERGY LTD 2016-05-16 → present
2. TORNADO ENERGY SUPPLY LIMITED 2015-04-01 → 2016-05-16

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. POZITIVE ENERGY LTD · parent
   1. Pozitive Electricity and Gas Private Limited 99.99% · India

Significant events

• “In February 2024, we rebranded as PE to establish a single, go-to brand for all our customers' utility needs, extending beyond energy.”
• “Whilst our focus has always been on the SME market, we formally exited the domestic market in October 2024 by surrendering our domestic license and selling our residual domestic contract book to EDF Energy. The sale was expected to be completed by September 2025. In February 2025, we acquired non-domestic portfolios from Opus Energy Group Limited with a target completion date of June 2025.”
• “We have hived off the EV division into a separate company to further focus on electricity and gas.”
• “Included within turnover is £Nil (2024 - £66,235,328) in relation to the government's Energy Price Guarantee and Energy Bills Relief Scheme.”
• “Following the year end, the Company acquired a customer list from Opus Energy Group Limited, along with its trade debtor balance of £9,422,979, for a consideration of £4,814,217. The full impact to the profit and loss is not yet able to be calculated.”

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

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -21.5%

  £1,179,848,653 → £926,140,629

• Cash

  -33.2%

  £271,669,030 → £181,366,282

• Net assets

  —

  Not reported

• Employees

  +3.3%

  30 → 31

  highest in 5 filed years

• Operating profit

  -79.2%

  £192,812,085 → £40,149,367

• Profit before tax

  -79.6%

  £191,952,652 → £39,073,845

• Wages

  +85.9%

  £9,707,572 → £18,047,251

  highest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers