OCTOPUS ELECTRIC VEHICLES LIMITED

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Whilst the Company is currently in a net liability position, the Company has a letter of support from its immediate parent company, Octopus Energy Group Limited. The Directors have reviewed the Group's capital and liquidity plans, which indicate the Group continues to operate with sufficient levels of liquidity and capital for at least the next 12 months. Based on this support, the Directors have a reasonable expectation that the Company has access to adequate resources to continue in operational existence for the foreseeable future being at least 12 months from date of signing. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. OCTOPUS ELECTRIC VEHICLES LIMITED · parent
   1. Everdure No. 1 Limited · Special Purpose Vehicle ("SPV")

Significant events

• “Subsequent to the balance sheet date, the Company entered into a new financing agreement with Crédit Agricole to support the continued growth of its vehicle leasing operations. The facility, agreed on 28th July 2025, provides up to £16.9m, which will be used to finance EV inventory.”
• “Additionally, on 13 November 2025 the Company extended the revolving period of its debt securitisation to 12 June 2027 and increased the financing capacity of the facility to greater than £1.0bn.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +150.9%

  £56,452,000 → £141,641,000

• Cash

  +108.1%

  £10,151,000 → £21,123,000

• Net assets

  -45.9%

  -£76,668,000 → -£111,868,000

• Employees

  +28.5%

  323 → 415

• Operating profit

  +30.4%

  -£53,215,000 → -£37,021,000

• Profit before tax

  +18.3%

  -£62,164,000 → -£50,779,000

• Wages

  +33.5%

  £15,789,000 → £21,078,000

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