Ethical Power Renewables Limited
Registered name: ETHICAL POWER RENEWABLES LIMITED
Part of Sustainable Ethical Holdings Limited groupEthical Power Renewables Limited made £48.8m revenue and a £3.4m loss in the year to 31 Mar 2024.
Ethical Power Renewables Limited’s revenue grew 85% to £48.8m in the year to 31 Mar 2024, with a loss of £3.4m and 100 employees. The company is classified under “other specialised construction activities” and is based in Bristol; we hold 3 years of its filed accounts.
- Status
- In Administration
- Location
- Bristol
- Age
- 16 yrs · since 2010
- 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) | £23.5m | £26.4m | £48.8m |
| Cost of sales | −£23.5m | −£27.5m | −£46.6m |
| Gross profit | −£5k | −£1.2m | £2.3m |
| Operating profit | −£4.9m | −£7m | −£2.5m |
| Profit before tax | £1.6m | −£7.5m | −£3.7m |
| Profit after tax | £1.3m | −£5.5m | −£3.4m |
| Profit (best available) | £1.3m | −£5.5m | −£3.4m |
| Employees (average) | 54 | 67 | 100 |
| Ratios | |||
| Profit margin | 5.3% | −21% | −7% |
| Gross margin | 0% | −4.4% | 4.6% |
| Revenue per employee | £436k | £393k | £488k |
| Profit per employee | £23.2k | −£82.6k | −£34.4k |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲85.2% |
| Headcount growth | — | — | ▲49.3% |
| 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
- −7%
- Profit ÷ revenue.
- Gross margin
- 4.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £488k
- Revenue ÷ average employees.
- Profit per employee
- −£34.4k
- 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
- ▲49%
- Now 100
- 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 Renewables Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (6)
- Ethical Power O&m LimitedFigures not disclosed
- Ethical Power Security LimitedActive - Proposal to Strike offFigures not disclosed
- Fenton Lane Energy LimitedIn AdministrationFigures not disclosed
- Fishpond Energy LimitedFigures not disclosed
- Huthwaite Solar Farm LimitedIn AdministrationFigures not disclosed
- PVH2 LimitedActive - Proposal to Strike offFigures not disclosed
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 Connections LtdLiquidationFigures 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 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 −£3.4m), 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.