How much does Enerveo Limited make?

Enerveo Limited reported revenue of £218m and a loss of £1.7m in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Enerveo Limited have?

Enerveo Limited reported an average of 1,097 employees in the year to 31 Mar 2024.

Is Enerveo Limited profitable?

No — Enerveo Limited reported a loss of £1.7m in the year to 31 Mar 2024.

Company No. 02317133 · Incorporated 14 Nov 1988

Enerveo Limited

Registered name: ENERVEO LIMITED

Part of Sse PLC group

Enerveo Limited made £218m revenue and a £1.7m loss in the year to 31 Mar 2024.

Enerveo Limited’s revenue fell 15% to £218m in the year to 31 Mar 2024, with a loss of £1.7m and 1,097 employees. The company is classified under “electrical installation” and is based in Fareham; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43210Electrical installation

Status: Active
Location: Fareham, South East
Age: 37 yrs · since 1988
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “SSE Contracting Group Limited”

Latest accounts · year to 31 Mar 2024

Key figures

Capital-lightBoring industry

Revenue

£218m

Growth ▼14.9%

Profit

−£1.7m

Growth —

Profit margin

−0.8%

Gross 21.6%

Employees

1,097

Change ▼24%

Profit / employee

−£1.6k

Revenue/employee £199k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£279m	£257m	£218m
Cost of sales	£226m	£202m	£171m
Gross profit	£53.2m	£55m	£47.1m
Operating profit	−£13.1m	−£100k	£800k
Profit before tax	−£26.8m	−£10.2m	−£1.7m
Profit after tax	−£27.1m	−£10.2m	−£1.7m
Profit (best available)	−£27.1m	−£10.2m	−£1.7m
Staff costs	£87.3m	£80.9m	£64m
Employees (average)	1,731	1,444	1,097
Ratios
Profit margin	−9.7%	−4%	−0.8%
Gross margin	19.1%	21.4%	21.6%
Revenue per employee	£161k	£178k	£199k
Profit per employee	−£15.7k	−£7.1k	−£1.6k
Growth (year on year)
Revenue growth	—	▼8%	▼14.9%
Headcount growth	—	▼16.6%	▼24%
Balance sheet — indirect signals, not revenue
Cash at bank	£11m	£1.1m	£14.9m
Net assets	£5.1m	−£5.1m	£3.6m
Fixed assets	£14.9m	£14.4m	£14.5m
Current assets	£99.4m	£93.1m	£98.8m
Debtors	£43.6m	£38.1m	£30.2m
Deferred income	£35.8m	£41.7m	£36.2m
Source	Accounts · bulk data Mar 2024	Accounts · bulk data Mar 2024	FullAccounts · bulk data Dec 2024

Derived from the latest filing

How the business works

Profit margin: −0.8%; Profit ÷ revenue.
Gross margin: 21.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £199k; Revenue ÷ average employees.
Profit per employee: −£1.6k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 16.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £3.6m
Cash at bank: ▲1255%; Now £14.9m
Headcount: ▼24%; Now 1,097
Deferred income: ▼13%; Now £36.2m
Fixed assets: ▲1%; Now £14.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Sse PLCultimate parent75–100%
Sse Contracting Group Limited75–100%
Enerveo Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Sse Utility Services LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2024 (profit −£1.7m), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.