Ethical Power Connections Ltd
Registered name: ETHICAL POWER CONNECTIONS LTD
Part of Sustainable Ethical Holdings Limited groupEthical Power Connections Ltd made £81.9m revenue and £675k profit in the year to 31 Mar 2024.
Ethical Power Connections Ltd’s revenue grew 107% to £81.9m in the year to 31 Mar 2024, with £675k profit and 84 employees. The company is classified under “electrical installation” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 18 yrs · since 2007
- Type
- Private Limited Company
Key figures
Financial history
| 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) | £18.1m | £39.5m | £81.9m |
| Cost of sales | −£14.7m | −£35.7m | −£72.4m |
| Gross profit | £3.4m | £3.8m | £9.5m |
| Operating profit | −£2.5m | −£3.1m | £972k |
| Profit before tax | −£2.6m | −£3.1m | £959k |
| Profit after tax | −£2.5m | −£1.4m | £675k |
| Profit (best available) | −£2.5m | −£1.4m | £675k |
| Employees (average) | 42 | 53 | 84 |
| Ratios | |||
| Profit margin | −14.1% | −3.6% | 0.8% |
| Gross margin | 18.8% | 9.6% | 11.6% |
| Revenue per employee | £430k | £745k | £975k |
| Profit per employee | −£60.7k | −£27.1k | £8k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲107.4% |
| Headcount growth | — | — | ▲58.5% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | Accounts · bulk data Jan 2025 |
How the business works
- Profit margin
- 0.8%
- Profit ÷ revenue.
- Gross margin
- 11.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £975k
- Revenue ÷ average employees.
- Profit per employee
- £8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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 —
- Cash at bank
- —
- Now —
- Headcount
- ▲58%
- Now 84
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Sustainable Ethical Holdings Limitedultimate parent75–100%
- Ethical Power Group Holdings Ltd75–100%
- Ethical Power Group Limited75–100%
- Ethical Power Connections Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (9)
- Gunning Transmission & Distribution Services LimitedIn AdministrationRev. £96.5m · Profit £420k
- Ethical Air LimitedFigures not disclosed
- Ethical Aviation LimitedFigures not disclosed
- Ethical Power Asset Management LimitedFigures not disclosed
- Ethical Power Development LimitedFigures not disclosed
- Ethical Power LtdFigures not disclosed
- Ethical Power Net Zero LimitedActive - Proposal to Strike offFigures not disclosed
- Ethical Power Renewables LimitedIn AdministrationFigures not disclosed
- Ethical Power Utilities LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2024 (profit £675k), from the Companies House accounts bulk data published Jan 2025. Spotted an error? Request a correction.
Updated from Companies House on 19 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.