Noriker Power Ltd
Registered name: NORIKER POWER LTD
Part of Rainiko Ltd groupNoriker Power Ltd made £1m revenue and £16m profit in the year to 31 Jul 2025.
Noriker Power Ltd’s revenue grew 18% to £1m in the year to 31 Jul 2025, with £16m profit and 49 employees. The company is classified under “production of electricity” and is based in Cheltenham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cheltenham, South West
- Age
- 11 yrs · since 2015
- 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.
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2022 | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £836k | £865k | £1m |
| Cost of sales | — | £412k | £56.1k | £2.3k |
| Gross profit | — | £425k | £809k | £1m |
| Profit before tax | — | −£267k | −£2.1m | £16m |
| Profit after tax | — | −£259k | −£2.1m | £16m |
| Profit (best available) | — | −£259k | −£2.1m | £16m |
| Employees (average) | 23 | 33 | 40 | 49 |
| Ratios | ||||
| Profit margin | — | −30.9% | −245.7% | 1568% |
| Gross margin | — | 50.8% | 93.5% | 99.8% |
| Revenue per employee | — | £25.3k | £21.6k | £20.8k |
| Profit per employee | — | −£7.8k | −£53.1k | £326k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲3.4% | ▲18% |
| Headcount growth | — | ▲43.5% | ▲21.2% | ▲22.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.3m | £593k | £213k | £264k |
| Net assets | £8m | £7.7m | £5.6m | £1.1m |
| Fixed assets | £677k | £719k | £861k | £449k |
| Current assets | £8.1m | £8m | £5.6m | £3m |
| Debtors | £264k | £544k | £35.2k | £134k |
| Source | FilletedAccounts · bulk data Apr 2024 | FilletedAccounts · bulk data Apr 2024 | FilletedAccounts · bulk data Jul 2025 | FilletedAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 1568%
- Profit ÷ revenue.
- Gross margin
- 99.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £20.8k
- Revenue ÷ average employees.
- Profit per employee
- £326k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 44.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.2%
- 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
- ▼80%
- Now £1.1m
- Cash at bank
- ▲24%
- Now £264k
- Headcount
- ▲23%
- Now 49
- Deferred income
- —
- Now —
- Fixed assets
- ▼48%
- Now £449k
Group structure
Ownership chain
- Rainiko Ltdultimate parent75–100%
- Noriker Power Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (15)
- Daines Flexpower LtdFigures not disclosed
- Elstree Flexpower LtdFigures not disclosed
- Equinicity LtdFigures not disclosed
- Konik LtdFigures not disclosed
- Medway Flexpower LtdFigures not disclosed
- Noriker Fpa LtdFigures not disclosed
- Noriker FPB LtdFigures not disclosed
- Noriker FPC LtdFigures not disclosed
- Noriker FPD LtdFigures not disclosed
- Noriker Operations LtdFigures not disclosed
- Noriker Power Ireland LtdFigures not disclosed
- Noriker Systems LtdFigures not disclosed
- Scot Stability LtdFigures not disclosed
- Shires Stability Holdco LtdFigures not disclosed
- Thurcroft B LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FilletedAccounts for the year to 31 Jul 2025 (profit £16m), from the Companies House accounts bulk data published Mar 2026. 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.