ENERGY TRANSITION GROUP LTD
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Cash
£1.2m
+857.7% vs 2024
Net assets
£427m
+47.3% highest in 3 filed years
Employees
—
Average over period
Profit before tax
-£17m
-1,277.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Consumer Discretionary 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 | £8,796,000,000 | £5,530,000,000 | — | — | |
| Operating profit | £86,000,000 | -£5,307,000 | £2,551,000 | +148.1% | |
| Profit before tax | £1,061,000,000 | -£1,225,000 | -£16,869,000 | -1,277.1% | |
| Net profit | £817,000,000 | -£2,400,000 | -£12,760,000 | -431.7% | |
| Cash | £572,000,000 | £123,000 | £1,178,000 | +857.7% | |
| Total assets less current liabilities | — | £291,219,000 | £642,110,000 | +120.5% | |
| Net assets | -£299,000,000 | £289,948,000 | £427,165,000 | +47.3% | |
| Equity | -£299,000,000 | £289,948,000 | £427,165,000 | +47.3% | |
| Average employees | 5,009 | — | — | — | |
| Wages | £261,000,000 | — | — | — | |
| Directors' remuneration | £822,000 | — | — | — | |
| Directors' pension contributions | £4,000 | — | — | — | |
| Highest paid director | £701,000 | £761,000 | — | — |
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 |
|---|---|---|---|---|
| Operating margin | 1.0% | -0.1% | — | |
| Net margin | 9.3% | -0.0% | — | |
| Return on capital employed | — | -1.8% | 0.4% | |
| Gearing (liabilities / total assets) | 113.6% | 0.8% | 33.6% | |
| Current ratio | 0.77x | 90.48x | — | |
| Interest cover | 1.04x | -5.05x | 0.10x |
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.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2026-02-27
- ENERGY TRANSITION GROUP LTD 2026-02-27 → present
- OVO GROUP LTD 2015-08-15 → 2026-02-27
- OVO ENERGY (GROUP) LTD 2014-01-27 → 2015-08-15
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“the financial statements have been prepared on a going concern basis as the Directors have assessed that there is a reasonable expectation that the Company will be able to continue in operation and meet their commitments as they fall due over the period to 30 September 2027”
Significant events
- “On 27 February 2026, the Company changed its name to Energy Transition Group Ltd (formerly OVO Group Ltd).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CASEY, Vincent | Secretary | 2016-02-04 | — | — |
| CASEY, Vincent Francis | Director | 2018-06-08 | Feb 1983 | British |
| DASGUPTA, Kunal | Director | 2022-12-15 | Jun 1976 | British |
| FITZPATRICK, Stephen James | Director | 2014-01-27 | Sep 1977 | British |
| ISHIBASHI, Takashi | Director | 2026-03-16 | Oct 1980 | Japanese |
| SASAKI, Daniel William | Director | 2015-04-17 | Jul 1963 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTTRESS, David | Director | 2025-05-01 | 2025-12-01 |
| CALCOTT, Sarah | Director | 2016-02-04 | 2017-03-20 |
| CARTWRIGHT, Stacey Lee | Director | 2021-01-18 | 2021-07-19 |
| CASTELL, William Thomas | Director | 2021-01-18 | 2021-10-28 |
| COX, Jonson | Director | 2025-09-01 | 2026-02-18 |
| DAVIES, James Russell | Director | 2025-05-01 | 2026-01-16 |
| FITZPATRICK, Sophie | Director | 2015-01-28 | 2018-08-30 |
| GHADIA, Jayne-Anne | Director | 2025-09-01 | 2026-02-18 |
| HOUGHTON, Christopher Paul | Director | 2015-01-28 | 2018-11-30 |
| LETTS, Adrian James | Director | 2019-01-07 | 2022-03-01 |
| MUROMOTO, Go | Director | 2022-01-01 | 2026-03-16 |
| MURPHY, Stephen Thomas | Director | 2015-01-28 | 2024-03-01 |
| OWEN, Jonathan Wyn | Director | 2015-12-09 | 2018-01-25 |
| SUZUKI, Atsushi | Director | 2019-02-13 | 2022-01-01 |
| WASS, Niall Fraser | Director | 2015-12-09 | 2021-01-12 |
| OVAL NOMINEES LIMITED | Corporate Director | 2014-01-27 | 2014-01-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Energy Transition Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-03-07 | Active |
| Imagination Industries Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2023-03-07 |
Filing timeline
Last 20 of 172 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-27 CERTNM Certificate change of name company
- 2026-02-27 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-12 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2026-10-12 | GUARANTEE2 | other | Legacy | |
| 2026-10-12 | AGREEMENT2 | other | Legacy | |
| 2026-10-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-09-21 | PARENT_ACC | accounts | Legacy | |
| 2026-04-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-02-27 | CONNOT | change-of-name | Change of name notice | |
| 2026-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 5
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.