Energy Transition Finance Ltd

Private Limited Company · London

ActiveUnited KingdomIncorporated 2017Private Limited Company

Financial position

Accounts to 2025-12-31 · GBP · Company accounts

Net assets

£505,660,000

Cash

—

Turnover

—

Profit / loss

−£23,069,000

Current assets

—

Creditors < 1 year

£320,428,000

Equity

£505,660,000

Average employees

Not available

GBP · company

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2025-12-31Company · AI-read	2024-12-31Company · AI-read
Balance sheet
Net assets	£505,660,000	£188,705,000
Equity	£505,660,000	£188,705,000
Retained earnings	−£23,885,000	−£816,000
Assets
Fixed assets	£884,913,000	£472,477,000
Investments	£884,913,000	£472,477,000
Debtors	£7,548,000	£518,000
Liabilities
Creditors within one year	£320,428,000	£95,465,000
Creditors after one year	£66,373,000	£188,825,000
Net current assets	−£312,880,000	−£94,947,000
Assets less current liabilities	£572,033,000	£377,530,000
Profit & loss
Interest payable	£30,617,000	£24,580,000
Profit before tax	−£30,617,000	−£2,072,000
Tax	−£7,548,000	−£518,000
Profit / loss	−£23,069,000	−£1,554,000
Source evidence	View filing	View filing

What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.

Subsidiaries (5)

OVO Group Ltd (formerly OVO Finance Ltd) · 100% · Floor 5, The Crescent, Temple Back, Bristol, England, BS1 6EZ, UK · Holding company
OVO Energy Ltd · 100% · Floor 5, The Crescent, Temple Back, Bristol, England, BS1 6EZ, UK · Sale of electricity and gas to customers in the UK
OVO Electricity Ltd · 100% · Floor 5, The Crescent, Temple Back, Bristol, England, BS1 6EZ, UK · Electricity supply licence holder and sale of services associated with the supply of electricity to other OVO group companies
OVO Gas Ltd · 100% · Floor 5, The Crescent, Temple Back, Bristol, England, BS1 6EZ, UK · Gas supply licence holder and sale of services associated with the supply of gas to other OVO group companies
OVO Brand Ltd (formerly Imagination Industries Ltd) · 100% · Floor 5, The Crescent, Temple Back, Bristol, England, BS1 6EZ, UK · Intellectual property holding company

Borrowings (3)

Amounts due to group undertakings (due on demand) · 320,428 (000s) · The amounts due to OVO Energy Ltd and Energy Transition Group Ltd bear interest at a fixed rate of 7% per annum. · Repayable on demand · secured on Unsecured
£60m payment-in-kind loan facility · 66,373 (000s) · 12% plus variable rate; interest is capitalised, compounded and added to the unpaid principal amount of the loan
Loan notes issued (prior year) · 188,825 (000s) · 13.25%; unpaid interest was capitalised, compounded and added to the unpaid principal amount of the loan · Repayable in full on 31 December 2029; novated on 14 January 2025 to Energy Transition Group Ltd · secured on Unsecured

Share classes (1)

Events after the year end (3)

On 11 May 2026, the Group headed by Energy Transition Holdings Ltd announced that it had agreed the sale of its UK energy retail business to E.ON, subject to regulatory approvals and expected to complete in the second half of 2026.
On 11 May 2026, the Group announced that it had agreed the sale of its home services business to Hometree, subject to regulatory approvals and expected to complete in the summer of 2026.
On 17 April 2026, the Company increased its borrowing facility with Cheyne Capital Management by £40m and subsequently drew down the additional available funds.