OCTOPUS ENERGY SERVICES LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-10-31 (in 5mo)
Last made up 2025-10-17
Watchouts
None on the register
Cash
£7M
+198.3% vs 2024
Net assets
-£232M
-363.9% lowest in 3 filed years
Employees
1,983
+39.4% vs 2024
Profit before tax
-£254M
-344.5% vs 2024
Name history
Renamed 1 time since incorporation
- OCTOPUS ENERGY SERVICES LIMITED 2019-06-14 → present
- TOTAL METERING LIMITED 2016-10-18 → 2019-06-14
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2025-04-30
| Metric | Trend | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|
| Turnover | — | £165,398,000 | £313,285,000 | |
| Operating profit | — | -£52,401,000 | -£233,080,000 | |
| Profit before tax | — | -£57,133,000 | -£253,961,000 | |
| Net profit | — | -£43,574,000 | -£191,906,000 | |
| Cash | — | £2,274,000 | £6,784,000 | |
| Total assets less current liabilities | — | -£33,718,000 | -£192,419,000 | |
| Net assets | -£9,056,000 | -£49,946,000 | -£231,698,000 | |
| Equity | -£9,056,000 | -£49,946,000 | -£231,698,000 | |
| Average employees | — | 1,423 | 1,983 | |
| Wages | — | £50,377,000 | £133,812,000 |
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 | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|
| Operating margin | — | -31.7% | -74.4% | |
| Net margin | — | -26.3% | -61.3% | |
| Return on capital employed | — | 155.4% | 121.1% | |
| Gearing (liabilities / total assets) | — | 161.9% | 198.7% | |
| Current ratio | — | 0.39x | 0.38x | |
| Interest cover | — | -10.84x | -10.99x |
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 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is currently in a net liability position at 30 April 2025 and the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. ... The Company has received a letter confirming ongoing financial support from its immediate parent company that underpins the going concern considerations.”
Group structure
- OCTOPUS ENERGY SERVICES LIMITED · parent
- Leyland Metering Limited 100%
- Octopus Energy ECO Limited 100%
Significant events
- “FY25 was a transformational year. The Octopus Energy Group launched its own UK-manufactured Cosy heat pump, produced in Northern Ireland, while OES introduced its first OES-designed EV charger to the market.”
- “OES expanded customer accessibility with the launch of third-party financing partnerships offering products of up to 10 years, opening the door to a wider range of households looking to adopt low-carbon technologies.”
- “The workforce expanded to 1939 engineers, supported by significant investment in training. Apprenticeships and managed learning programmes expanded strongly, with 30 apprentices beginning their careers in low-carbon technologies.”
- “The Company faces risks across liquidity, customer concentration, credit, and operational areas, alongside wider macro-economic pressures. Liquidity is mitigated by close cashflow monitoring and support from the parent group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWIE, John | Director | 2022-06-28 | May 1978 | Australian |
| JACKSON, Greg Sean | Director | 2018-11-28 | Sep 1971 | British |
| JACKSON, Stuart Keith | Director | 2018-11-28 | Feb 1973 | British |
| MICELI, Francesco | Director | 2018-12-28 | Dec 1970 | British |
| SZYMIK, John Charles | Director | 2018-09-20 | Oct 1984 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OCTOPUS COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2020-04-07 | 2022-05-25 |
| BRISKIN, Jonathan | Director | 2020-05-01 | 2022-06-28 |
| SZYMIK, John Charles | Director | 2016-10-18 | 2017-09-01 |
| WILLIAMS, Jessica Louise | Director | 2017-09-01 | 2018-09-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Octopus Energy Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-03-05 | Active |
| Mr John Szymik | Individual | Shares 75–100% | 2018-08-20 | Ceased 2020-03-05 |
| Mrs Jessica Louise Williams | Individual | Shares 75–100% | 2017-09-05 | Ceased 2018-08-20 |
| Mr John Charles Szymik | Individual | Shares 75–100% | 2016-10-18 | Ceased 2017-09-05 |
Filing timeline
Last 20 of 62 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-10 | AA | accounts | Accounts with accounts type full | |
| 2025-10-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-17 | AA01 | accounts | Change account reference date company current extended | |
| 2025-01-31 | AA | accounts | Accounts with accounts type full | |
| 2024-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-30 | CH01 | officers | Change person director company with change date | |
| 2024-02-17 | AA | accounts | Accounts with accounts type full | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-16 | CH01 | officers | Change person director company with change date | |
| 2023-01-06 | AA | accounts | Accounts with accounts type full | |
| 2022-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-10-17 | CH01 | officers | Change person director company with change date | |
| 2022-10-17 | CH01 | officers | Change person director company with change date | |
| 2022-10-17 | CH01 | officers | Change person director company with change date | |
| 2022-07-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-07-15 | AD03 | address | Move registers to sail company with new address | |
| 2022-07-14 | AD02 | address | Change sail address company with new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
-
Turnover
+89.4%
£165,398,000 £313,285,000
-
Cash
+198.3%
£2,274,000 £6,784,000
-
Net assets
-363.9%
-£49,946,000 -£231,698,000
lowest in 3 filed years
-
Employees
+39.4%
1,423 1,983
-
Operating profit
-344.8%
-£52,401,000 -£233,080,000
-
Profit before tax
-344.5%
-£57,133,000 -£253,961,000
-
Wages
+165.6%
£50,377,000 £133,812,000
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