XP POWER PLC
Get an alert when XP POWER PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£9k
-88.6% lowest in 3 filed years
Net assets
£42m
+51.8% highest in 3 filed years
Employees
—
Average over period
Profit before tax
-£433k
-386.8% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | £91,000 | £151,000 | -£433,000 | -386.8% | |
| Net profit | £91,000 | £31,000 | -£455,000 | -1,567.7% | |
| Cash | £79,000 | £79,000 | £9,000 | -88.6% | |
| Total assets less current liabilities | £27,778,000 | £27,809,000 | £42,205,000 | +51.8% | |
| Net assets | £27,778,000 | £27,809,000 | £42,205,000 | +51.8% | |
| Equity | £27,778,000 | £27,809,000 | £42,205,000 | +51.8% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 0.0% | 0.4% | 47.9% | |
| Current ratio | — | — | 0.12x |
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.
Name history
Renamed 3 times since incorporation
- XP POWER PLC 2003-05-02 → present
- IFX POWER PLC 2000-06-13 → 2003-05-02
- EC2F LIMITED 2000-04-19 → 2000-06-13
- FORTUNECROFT LIMITED 2000-01-06 → 2000-04-19
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company XP Power Limited. The directors have received confirmation that XP Power Limited intends to support the company for at least one year after these financial statements are signed.”
Group structure
- XP POWER PLC · parent
- X P PLC 100%
- XP Power International Limited 100%
- XP Power (Shanghai) Co Limited 100%
- XP Power Holdings Limited 100%
- XP Engineering Services Limited 100%
- XP Electronics Limited 100%
- Powersolve Electronics Limited 90.6%
- XP Energy Systems Limited 100%
- Safety Power Group Limited 100%
- Hanatomic Engineering Support Limited 100%
- XP Power Srl 100%
- XP Power ApS 100%
- XP Power Sweden AB 100%
- XP Power GmbH 100%
- XP Power SA 100%
- XP Power Norway AS 100%
- Glassman Europe Limited 100%
- FORX, Inc. 100%
- XP Power LLC 100%
Significant events
- “During the year, the immediate parent company, XP Power Limited, subscribed for an additional 1,460,000,000 ordinary shares of £0.01 per share, settled via the novation of an intercompany receivable from an indirect subsidiary of the company, XP Power LLC.”
- “Subsequently, the company subscribed for an additional £25,208k of share capital in its subsidiary, X P PLC, settled via the company waiving a receivable due from the subsidiary and novation of the abovementioned intercompany receivable.”
- “Also during the year, the company obtained a GBP denominated loan from its subsidiary, X P PLC, in exchange for the assignment of a USD denominated intercompany receivable from an indirect subsidiary of the company, XP Power LLC.”
- “Subsequently, the company subscribed for an additional £45,035k of share capital in its subsidiary, XP Power International Limited, settled via the novation of the abovementioned USD denominated intercompany receivable and the company waiving a receivable due from the subsidiary.”
- “These transactions were completed to simplify existing intercompany positions for the company and to enable other companies within the group headed by the ultimate parent of the company and to reduce foreign exchange exposures on intercompany loans.”
- “The Group was exposed to foreign exchanges losses on these intercompany loan balances during 2025 due to the weakening of the US dollar.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARTWRIGHT, Ruth Amy | Secretary | 2022-05-13 | — | — |
| GRIGGS, Gavin Peter | Director | 2020-07-03 | Apr 1971 | British |
| WEBB, Matthew John | Director | 2023-09-12 | Jan 1974 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HONEYMAN, Anne Macdonald | Secretary | 2004-10-13 | 2012-10-01 |
| PENNY, Duncan John | Secretary | 2000-04-19 | 2004-10-13 |
| RHODES, Jonathan Simon | Secretary | 2012-10-01 | 2022-05-13 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-01-06 | 2000-04-19 |
| AMOS, Stuart Roland | Director | 2000-06-15 | 2001-06-20 |
| BARTLETT, Roger Anthony John | Director | 2000-06-15 | 2007-04-30 |
| CHARLTON, Peter John | Nominee Director | 2000-01-06 | 2000-04-19 |
| CHRISTIANSEN, Paul | Director | 2002-08-20 | 2004-06-07 |
| DOLAN, Paul David Broomfield | Director | 2006-04-19 | 2007-04-30 |
| DYSON, John Howard | Director | 2000-06-15 | 2007-04-30 |
| HONEYMAN, Anne Macdonald | Director | 2007-10-01 | 2020-07-03 |
| KRAMAR, Edward Francis | Director | 2000-06-15 | 2002-04-17 |
| LAVER, Michael R | Director | 2002-08-20 | 2020-07-03 |
| LYNCH, Joseph Michael | Director | 2004-06-10 | 2017-12-06 |
| PENNY, Duncan John | Director | 2000-04-19 | 2021-08-02 |
| PETERS, James Edward | Director | 2000-04-19 | 2012-05-01 |
| RENE, Frank Joseph | Director | 2002-08-20 | 2006-03-10 |
| RICHARDS, Martin Edgar | Nominee Director | 2000-01-06 | 2000-04-19 |
| ROBINSON, Steve William | Director | 2001-01-31 | 2006-03-10 |
| SAKAKEENY, Richard | Director | 2001-08-22 | 2005-06-09 |
| STIBBS, David Michael | Director | 2023-03-31 | 2023-09-12 |
| TRACEY, Lawrence Barry | Director | 2000-04-19 | 2012-05-01 |
| ZAHN, Oskar | Director | 2021-08-02 | 2023-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xp Power Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 185 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-24 MA Memorandum articles
- 2025-10-24 RESOLUTIONS Resolution
- 2022-06-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-01-07 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-04 | SH01 | capital | Capital allotment shares | |
| 2025-10-24 | MA | incorporation | Memorandum articles | |
| 2025-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-21 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-27 | AA | accounts | Accounts with accounts type interim | |
| 2023-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-09 | AA | accounts | Accounts with accounts type full | |
| 2023-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-06 | AA | accounts | Accounts with accounts type full | |
| 2022-06-01 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- 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.