How much does So Energy Trading Limited make?

So Energy Trading Limited reported revenue of £636m and a loss of £3.5m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does So Energy Trading Limited have?

So Energy Trading Limited reported an average of 492 employees in the year to 31 Dec 2024.

Is So Energy Trading Limited profitable?

No — So Energy Trading Limited reported a loss of £3.5m in the year to 31 Dec 2024.

Company No. 09263295 · Incorporated 14 Oct 2014

So Energy Trading Limited

Registered name: SO ENERGY TRADING LIMITED

Part of The Government Of Ireland group

So Energy Trading Limited made £636m revenue and a £3.5m loss in the year to 31 Dec 2024.

So Energy Trading Limited’s revenue fell 27% to £636m in the year to 31 Dec 2024, with a loss of £3.5m and 492 employees. The company is classified under “distribution of electricity” and is based in London; we hold 3 years of its filed accounts.

Full profit & loss filedSIC 35130Distribution of electricity SIC 35140Trade of electricity SIC 35220Distribution of gaseous fuels through mains

Status: Active
Location: London
Age: 12 yrs · since 2014
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£636m

Growth ▼27.2%

Profit

−£3.5m

Growth —

Profit margin

−0.6%

Gross 15.7%

Employees

492

Change ▲11.3%

Profit / employee

−£7.2k

Revenue/employee £1.3m

Profitable streak

0yrs

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Profit & loss	Profit & loss	Profit & loss
Profit & loss
Revenue (turnover)	£511m	£874m	£636m
Cost of sales	−£540m	−£798m	−£537m
Gross profit	−£28.7m	£75.7m	£99.7m
Operating profit	−£78.6m	−£7.4m	£8.3m
Profit before tax	−£83.2m	−£25.9m	−£5.2m
Profit after tax	−£55.1m	−£25.9m	−£3.5m
Profit (best available)	−£55.1m	−£25.9m	−£3.5m
Employees (average)	337	442	492
Ratios
Profit margin	−10.8%	−3%	−0.6%
Gross margin	−5.6%	8.7%	15.7%
Revenue per employee	£1.5m	£2m	£1.3m
Profit per employee	−£163k	−£58.5k	−£7.2k
Growth (year on year)
Revenue growth	—	—	▼27.2%
Headcount growth	—	—	▲11.3%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Oct 2024	Accounts · bulk data Oct 2024	Accounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: −0.6%; Profit ÷ revenue.
Gross margin: 15.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.3m; Revenue ÷ average employees.
Profit per employee: −£7.2k; 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.

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 —
Cash at bank: —; Now —
Headcount: ▲11%; Now 492
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

The Government Of Ireland (registered outside the UK register)ultimate parent75–100%
Esb Group (UK) Limited75–100%
Esb Retail GB Limited75–100%
So Energy Limited75–100%
So Energy Trading Limitedthis company

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

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

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit −£3.5m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.

Updated from Companies House on 24 Oct 2026