PLANET 9 ENERGY LIMITED
Operating as a subsidiary of the Irish utility ESB Group, the company is an active electricity trading entity that previously held a gas supply licence.
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Cash
£838K
-52.5% lowest in 3 filed years
Net assets
-£1.7M
-20.7% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£294K
+1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The financial statements have been prepared on a basis other than going concern. During the year, the Company incurred a loss of £294 thousand (2024: loss of £223 thousand) and at 31 December 2025 had net liabilities of £1,715 thousand (31 December 2024: net liabilities of £1,421 thousand). The Directors, having regard to the continued support of its shareholder, have a reasonable expectation that the Company will have adequate financial resources for the orderly wind up of the Company.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities 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 | £32,548,000 | £3,027,000 | £25,000 | -99.2% | |
| Operating profit | £918,000 | -£149,000 | -£193,000 | -29.5% | |
| Profit before tax | £851,000 | -£297,000 | -£294,000 | +1% | |
| Net profit | £650,000 | -£223,000 | -£294,000 | -31.8% | |
| Cash | £1,706,000 | £1,763,000 | £838,000 | -52.5% | |
| Total assets less current liabilities | -£1,198,000 | -£1,421,000 | -£1,715,000 | -20.7% | |
| Net assets | -£1,198,000 | -£1,421,000 | -£1,715,000 | -20.7% | |
| Equity | -£1,198,000 | -£1,421,000 | -£1,715,000 | -20.7% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £0 | £0 | — |
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 | 2.8% | -4.9% | — | |
| Net margin | 2.0% | -7.4% | — | |
| Current ratio | 0.89x | 0.74x | 0.35x | |
| Interest cover | 13.70x | -1.01x | -1.91x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PLANET 9 ENERGY LIMITED 2017-01-13 → present
- GALENA ENERGY LIMITED 2016-05-06 → 2017-01-13
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte (NI) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The financial statements have been prepared on a basis other than going concern. During the year, the Company incurred a loss of £294 thousand (2024: loss of £223 thousand) and at 31 December 2025 had net liabilities of £1,715 thousand (31 December 2024: net liabilities of £1,421 thousand). The Directors, having regard to the continued support of its shareholder, have a reasonable expectation that the Company will have adequate financial resources for the orderly wind up of the Company.”
Significant events
- “The conflicts in the Middle East have created significant uncertainty in global markets, in particular, increased volatility in energy and commodity markets, increases in price inflation and potential supply disruption which may have direct and indirect impacts on individuals and businesses.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRIS, Tara, Company Secretary | Secretary | 2023-08-01 | — | — |
| DUPUY, Lisa | Director | 2023-11-21 | Jan 1985 | Irish |
| MAHON, Arnold | Director | 2023-11-29 | May 1978 | Irish |
| SHEEHY, Ronan Padraig | Director | 2021-03-11 | Jul 1970 | Irish |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORCORAN, Brendan | Secretary | 2020-02-11 | 2023-08-01 |
| HEALY, John | Secretary | 2017-01-13 | 2020-02-11 |
| BARR, Gareth | Director | 2023-03-31 | 2023-11-29 |
| BARRY, Brendan | Director | 2017-01-13 | 2018-12-01 |
| CASEY, Shane | Director | 2020-05-06 | 2023-03-31 |
| FULLER, Paul | Director | 2020-08-31 | 2023-03-31 |
| HEALY, John | Director | 2017-02-21 | 2020-05-06 |
| MCGIRR, Aidan | Director | 2018-12-01 | 2020-08-31 |
| MCKERVEY, Ken | Director | 2020-05-06 | 2021-03-11 |
| O'LEARY, Denis | Director | 2017-01-13 | 2018-12-01 |
| SLADE, Jonathan Alexander | Director | 2016-05-06 | 2017-01-13 |
| STAPLETON, Andrea | Director | 2023-03-31 | 2023-11-21 |
| WALSH, Gavan Patrick | Director | 2017-01-13 | 2018-10-31 |
| WALSH, John | Director | 2018-12-01 | 2023-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Esb Group (Uk) Limited | Corporate entity | Shares 75–100% | 2017-01-13 | Active |
Filing timeline
Last 20 of 64 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-28 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-01 | CH03 | officers | Change person secretary company with change date | |
| 2023-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-14 | AA | accounts | Accounts with accounts type full | |
| 2023-08-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-05 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.