ZENOBE ENERGY LIMITED
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Cash
£37M
-41.6% vs 2024
Net assets
£475M
+23.1% highest in 6 filed years
Employees
293
+8.9% highest in 6 filed years
Profit before tax
-£69M
-58.1% vs 2024
Net assets
6-year trend · vs Utilities median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-03-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £53,598,000 | £96,823,000 | £145,071,000 | +49.8% | |
| Operating profit | — | — | — | -£32,874,000 | -£24,589,000 | -£35,646,000 | -45% | |
| Profit before tax | — | — | — | -£83,223,000 | -£43,636,000 | -£68,968,000 | -58.1% | |
| Net profit | -£5,536,692 | -£9,933,867 | -£23,181,513 | -£83,223,000 | -£43,636,000 | -£23,104,000 | +47.1% | |
| Cash | £3,182,339 | £3,389,692 | £11,024,059 | £75,059,000 | £63,757,000 | £37,225,000 | -41.6% | |
| Total assets less current liabilities | £77,144,546 | £153,733,665 | £151,170,132 | £538,711,000 | £828,443,000 | £1,342,030,000 | +62% | |
| Net assets | £66,070,393 | £66,034,741 | £43,561,152 | £297,758,000 | £386,084,000 | £475,445,000 | +23.1% | |
| Equity | £66,070,393 | £66,034,741 | £43,561,152 | £297,758,000 | £386,084,000 | £475,445,000 | +23.1% | |
| Average employees | 0 | 0 | 0 | 209 | 269 | 293 | +8.9% | |
| Wages | — | — | — | £20,451,000 | £26,873,000 | £38,169,000 | +42% | |
| Directors' remuneration | — | — | — | £6,021,000 | £2,230,000 | £2,547,000 | +14.2% |
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 | 2021-03-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -61.3% | -25.4% | -24.6% | |
| Net margin | — | — | — | -155.3% | -45.1% | -15.9% | |
| Return on capital employed | — | — | — | -6.1% | -3.0% | -2.7% | |
| Gearing (liabilities / total assets) | — | — | — | 59.0% | 59.9% | — | |
| Current ratio | — | — | — | 1.01x | 1.52x | 1.24x | |
| Interest cover | — | — | — | -0.65x | -1.17x | -1.02x |
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 1 time since incorporation
- ZENOBE ENERGY LIMITED 2019-03-14 → present
- BATTERY ENERGY STORAGE SOLUTIONS LIMITED 2016-10-19 → 2019-03-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Partners Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- ZENOBE ENERGY LIMITED · parent
- Zenobe Ltd 100%
- Battery Energy Storage Solutions Limited 100%
- BESS Holdco 1 Limited 100%
- Revolv EV Fleet XI, LLC 100%
- Zenobe Americas, Inc. 100%
- Zenobe Canada Limited 100%
- Zenobe Belgium BV 100%
- Zenobe Ireland EV Limited 100%
- Zenobe Netherlands BV 100%
- Zenobe Finland Oy 100%
- Zenobe Iberia, S.L 100%
- Zenobe Sverige AB 100%
- Zenobe Australia Pty Limited 100%
- Zenobe New Zealand Limited 100%
Significant events
- “In March 2026, the Group finalised its acquisition of the Revolv business, purchasing a further 12 companies for a consideration of $11.3m.”
- “Bess Holdco 2 Limited facility is coming up for maturity on 30 June 2026. The strategy is to re-finance the outstanding principal of £37m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARR, Sophie | Secretary | 2020-01-30 | — | — |
| BASDEN, James Edward Stewart | Director | 2017-06-08 | Jul 1967 | British |
| FRANCIS, Benjamin David | Director | 2022-05-31 | Jul 1977 | British |
| HICKEY, Priya Ruth | Director | 2024-04-23 | Jul 1980 | British |
| HOLLIDAY, Steven John | Director | 2017-05-02 | Oct 1956 | British |
| MALIK, Shreya | Director | 2023-12-04 | Jul 1986 | British |
| MATTHEWS, Andrew | Director | 2020-11-13 | Sep 1962 | British |
| MEERSMAN, Steven Gerard Christianne | Director | 2020-01-30 | Sep 1986 | Belgian |
| NOGUEIRA, Bernardo Maria De Sousa E Holstein Salgado | Director | 2023-12-04 | Sep 1991 | Portuguese |
| PAUSDER, Philipp Adrian | Director | 2025-07-16 | Sep 1975 | German |
| SIGNORI, Alberto | Director | 2023-12-04 | Apr 1969 | British |
| WEIR, Donald James | Director | 2024-07-02 | Apr 1962 | British |
| WETHERALL, Iain | Director | 2025-06-18 | Feb 1974 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MEERSMAN, Steven Gerard Christianne | Secretary | 2017-10-05 | 2020-01-30 |
| BEATTY, Nicholas Duncan, Hon. | Director | 2016-10-19 | 2024-10-31 |
| BONINSEGNA, Alessandro | Director | 2017-10-05 | 2023-12-04 |
| CANNIZZO, Lorenzo | Director | 2020-11-13 | 2024-10-31 |
| CLARKE, Edward Hilton | Director | 2020-11-13 | 2024-04-23 |
| ELLIOTT, Guy Robert | Director | 2020-03-25 | 2020-11-13 |
| HENRY, Emil William | Director | 2017-10-05 | 2020-11-13 |
| HOLLIDAY, Steven John | Director | 2017-03-16 | 2017-03-23 |
| OKI, Toshihiro | Director | 2020-11-13 | 2023-12-04 |
| SHARP, Graham John | Director | 2017-05-15 | 2020-11-13 |
| SHARP, Graham John | Director | 2017-03-16 | 2017-03-23 |
| YUIHARA, Atsushi | Director | 2019-03-12 | 2020-11-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Zeus Acquisition Bidco Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-12-04 | Active |
| Blaise (Bidco) Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-11-13 | Active |
| Mr Emil William Henry | Individual | Significant influence | 2017-10-05 | Ceased 2020-11-13 |
| Mr James Edward Stewart Basden | Individual | Appoints directors | 2016-10-19 | Ceased 2017-10-05 |
| Hon. Nicholas Duncan Beatty | Individual | Appoints directors | 2016-10-19 | Ceased 2017-10-05 |
Filing timeline
Last 20 of 204 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-27 RESOLUTIONS Resolution
- 2025-12-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-17 | SH01 | capital | Capital allotment shares | |
| 2026-06-17 | AA | accounts | Accounts with accounts type group | |
| 2026-04-28 | SH01 | capital | Capital allotment shares | |
| 2026-04-16 | SH01 | capital | Capital allotment shares | |
| 2025-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-19 | SH01 | capital | Capital allotment shares | |
| 2025-11-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-29 | SH01 | capital | Capital allotment shares | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-15 | SH01 | capital | Capital allotment shares | |
| 2025-07-10 | AA | accounts | Accounts with accounts type group | |
| 2025-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-09 | SH01 | capital | Capital allotment shares | |
| 2025-02-21 | SH01 | capital | Capital allotment shares | |
| 2025-02-14 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-12-24 | SH01 | capital | Capital allotment shares | |
| 2024-11-04 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 10
- Officers appointed
- 1
- 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.