How much does City Energy Network Limited make?

City Energy Network Limited reported revenue of £102m and £19.8m profit in the year to 31 Jan 2023, according to its accounts filed at Companies House.

How many employees does City Energy Network Limited have?

City Energy Network Limited reported an average of 109 employees in the year to 31 Jan 2023.

Is City Energy Network Limited profitable?

Yes — City Energy Network Limited reported a profit of £19.8m in the year to 31 Jan 2023.

Company No. 07889412 · Incorporated 21 Dec 2011

City Energy Network Limited

Registered name: CITY ENERGY NETWORK LIMITED

Part of New Dragon Holdco Ltd group

City Energy Network Limited made £102m revenue and £19.8m profit in the year to 31 Jan 2023.

City Energy Network Limited’s revenue grew 94% to £102m in the year to 31 Jan 2023, with £19.8m profit and 109 employees. The company is classified under “other specialised construction activities” and is based in Pontypridd; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.SIC 64929Other credit granting n.e.c.SIC 64999Financial intermediation not elsewhere classified

Status: Active
Location: Pontypridd, Wales
Age: 14 yrs · since 2011
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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.

Latest accounts · year to 31 Jan 2023

Key figures

Capital-lightOperating leverageBoring industry

Revenue

£102m

Growth ▲94%

Profit

£19.8m

Growth ▲192.5%

Profit margin

19.4%

Gross 25.5%

Employees

109

Change ▲18.5%

Profit / employee

£182k

Revenue/employee £937k

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jan 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£52.6m	£102m
Cost of sales	£43.6m	£76.1m
Gross profit	£9.1m	£26.1m
Operating profit	£8.4m	£24.4m
Profit before tax	£8.4m	£24.4m
Profit after tax	£6.8m	£19.8m
Profit (best available)	£6.8m	£19.8m
Staff costs	£3.7m	£4.8m
Employees (average)	92	109
Ratios
Profit margin	12.8%	19.4%
Gross margin	17.3%	25.5%
Revenue per employee	£572k	£937k
Profit per employee	£73.5k	£182k
Growth (year on year)
Revenue growth	—	▲94%
Profit growth	—	▲192.5%
Headcount growth	—	▲18.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.8m	£19.6m
Net assets	£10.5m	£26.4m
Fixed assets	£63.3k	£42.6k
Current assets	£14m	£33.5m
Debtors	£2.9m	£3.5m
Deferred income	£13.1k	£14.6k
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024

Derived from the latest filing

How the business works

Profit margin: 19.4%; Profit ÷ revenue.
Gross margin: 25.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £937k; Revenue ÷ average employees.
Profit per employee: £182k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 3.4%; 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: ▲153%; Now £26.4m
Cash at bank: ▲187%; Now £19.6m
Headcount: ▲18%; Now 109
Deferred income: ▲11%; Now £14.6k
Fixed assets: ▼33%; Now £42.6k

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

New Dragon Holdco Ltdultimate parent75–100%
New Dragon Midco Ltd75–100%
City Energy Network Limitedthis company

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

Subsidiaries (1)

City Energy Facilities Management LimitedFigures not disclosed

Sister companies (2)

Heatforce (Wales) LimitedFigures not disclosed
Laver Group LimitedFigures not disclosed

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Jan 2023 (profit £19.8m), from the Companies House accounts bulk data published Jan 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.