UK Companies House feature
SQE ENERGY LIMITED
Cash
£6M
-52% vs 2023
Net assets
-£10M
-34.3% vs 2023
Employees
15
+7.1% vs 2023
Profit before tax
-£3M
-70.6% vs 2023
Profile
- Company number
- 09812682
- Status
- Active
- Incorporation
- 2015-10-07
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 35140
- Hubs
- UK Energy & Climate
Profit before tax
7-year trend · vs UK Energy & Climate median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | — | |
| Profit before tax | — | — | — | -£1,843,084 | -£1,656,413 | -£1,557,120 | -£2,656,465 | |
| Net profit | — | — | — | -£1,709,567 | -£1,656,413 | -£1,557,120 | -£2,658,447 | |
| Cash | — | — | — | £9,699,144 | £17,251,900 | £13,017,670 | £6,251,898 | |
| Total assets less current liabilities | — | — | — | -£4,547,092 | -£6,203,505 | -£7,760,625 | -£10,419,072 | |
| Net assets | — | — | — | — | — | — | — | |
| Equity | -£326,485 | -£1,624,742 | -£2,837,525 | -£4,547,092 | -£6,203,505 | -£7,760,625 | -£10,419,072 | |
| Average employees | — | — | — | 11 | 12 | 14 | 15 | |
| Wages | — | — | — | £740,378 | £448,920 | £581,198 | £1,375,013 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Alliotts LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis as the Directors have assessed that there is a reasonable expectation that SQE will be able to continue in operation and meet its commitments as they fall due over the going concern period.”
Significant events
- “During 2024 the Group expanded the number of market participants by onboarding two of Europe's largest power trading businesses.”
- “Lower wholesale power prices during 2024, competition from the CFD and increased levelized costs of energy for new to earth renewable projects meant that demand for corporate power purchase agreements fell sharply.”
- “The business continued to invest in its trading and billing platform, SQE OS, introducing a number of enhancements designed to increase customer self-service and improve control and transparency over trading activity and costs.”
- “During 2024 the Group Board had several conversations with various investors which culminated in a decision in 2025 to proceed with a funding round with existing and new investors which closed recently and was oversubscribed, and the board took the decision to raise further capital from existing and new investors.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRAWFORD, Susi Jennifer | Secretary | 2024-06-03 | — | — |
| BOWDEN, Christopher Spencer | Director | 2016-09-12 | Sep 1966 | British |
| STOKES, Justin Samuel | Director | 2020-06-12 | Sep 1974 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRANKS, Susannah | Secretary | 2022-02-11 | 2024-06-03 |
| BAXTER, Christopher | Director | 2017-08-01 | 2020-06-12 |
| SLADE, Jonathan Alexander | Director | 2015-10-07 | 2016-09-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sqe Energy Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-05-19 | Active |
| Mr Christopher Spencer Bowden | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-05-19 |
Filing timeline
Last 20 of 75 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-11-18 | AA | accounts | accounts with accounts type full |
| 2025-11-04 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-10-31 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-09-11 | CERTNM | change-of-name | certificate change of name company |
| 2024-12-23 | AA | accounts | accounts with accounts type full |
| 2024-11-18 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-11-13 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-10-31 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-07-15 | AP03 | officers | appoint person secretary company with name date |
| 2024-07-15 | TM02 | officers | termination secretary company with name termination date |
| 2023-12-22 | AA | accounts | accounts with accounts type full |
| 2023-12-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-07-18 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2023-01-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-30 | AA | accounts | accounts with accounts type full |
| 2022-03-03 | AD01 | address | change registered office address company with date old address new address |
| 2022-03-03 | AD01 | address | change registered office address company with date old address new address |
| 2022-03-03 | AP03 | officers | appoint person secretary company with name date |
| 2022-01-03 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-09-30 | AA | accounts | accounts with accounts type full |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory