OVO GROUP LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. OVO GROUP LTD 2026-02-27 → present
2. OVO FINANCE LTD 2019-09-19 → 2026-02-27
3. LILIBET FINANCE LTD 2017-04-12 → 2019-09-19

Accounting basis

FRS 101

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers 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 the Group and Company will be able to continue in operation and meet their commitments as they fall due over the going concern period, which the Directors have assessed to be the period up to 30 September 2026 (the going concern period).”

Group structure

1. OVO GROUP LTD · parent
   1. OVO Energy Ltd 100% · UK · Sale of electricity and gas to customers
   2. OVO Electricity Ltd 100% · UK · Electricity supply
   3. OVO Gas Ltd 100% · UK · Gas supply
   4. OVO Field Force Ltd 100% · UK · Non-trading company
   5. Corgi Homeplan Ltd 100% · Scotland, G2 6SE, UK · Sale of boiler, central heating and electrical wiring services
   6. OVO Insurance Services Ltd. 100% · UK · Insurance services
   7. Spark Gas Shipping Ltd 100% · UK · Non-trading company
   8. Kaluza Ltd 84.79% · England, W1J 3JS, UK · Development and innovation platform
   9. Kaluza (US) LLC 100% · USA · Management services
   10. Kaluza Pty Ltd 100% · Australia · Engineering services
   11. OVO (S) Energy Services Limited 100% · UK · Intermediate holding company
   12. OVO (S) Electricity Limited 100% · UK · Electricity Dormant
   13. OVO (S) Gas Limited 100% · UK · Sale of products and services
   14. OVO (S) Energy Solutions Limited 100% · Scotland, G2 6SE, UK · Installation of energy efficiency measures in domestic properties
   15. OVO (S) Home Services Limited 0% · Scotland, G2 6SE, UK · Dissolved
   16. Bonnet Ltd 100% · UK · Development software application

Significant events

• “On 14 January 2025, the Group repaid the outstanding balance in respect of the £300m term loan facility and the £100m second lien loan facility.”
• “Subsequently OVO Holdings Ltd, the Company's immediate parent, injected £50m capital into the Group by way of subscription for new shares issued by the Company.”
• “The Company then subscribed for 500m £0.01 new ordinary shares issued by OVO Energy Ltd for £50m.”
• “On the sale of SSE Energy Transition Holdings Ltd, the Company's ultimate parent, issued 150 million £1 preference shares to Stephen Fitzpatrick in consideration for the acquisition of the entire share capital of OVO Brand Ltd (previously Imagination Industries Ltd).”
• “Energy Transition Holdings Ltd subsequently undertook a series of internal corporate restructuring transactions which resulted in OVO Brand Ltd being transferred to OVO Holdings Ltd, a subsidiary of the Company.”
• “On 14 January 2025, the entire shareholding in Kaluza Ltd, a subsidiary of the Company, was sold to OVO Holdings Ltd, the Company's parent, for consideration of £185m.”
• “Subsequently, OVO Finance Ltd subscribed for 1.85bn £0.01 new ordinary shares in OVO Energy Ltd settled via intercompany account.”
• “The Group, being OVO Electricity Ltd and OVO Gas Ltd, fall within the Intermediate Position under Ofgem's Capital Adequacy framework from 31 March 2025.”
• “On 29 April 2025, the Group announced a redundancy programme to reduce the number of roles across the Group in 2025.”

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

Filings

15

last 12 months

Capital events

1

last 24 months

Officers appointed

6

last 12 months

Officers resigned

3

last 12 months

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