Thrift Energy Group Limited
Registered name: THRIFT ENERGY GROUP LIMITED
Thrift Energy Group Limited made £24.1m revenue and £2.2m profit in the year to 31 Mar 2025.
Thrift Energy Group Limited’s revenue grew 48% to £24.1m in the year to 31 Mar 2025, with £2.2m profit and 0 employees. The company is classified under “activities of other holding companies” and is based in Gateshead; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Gateshead, North East
- Age
- 7 yrs · since 2019
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £13m | £16.2m | £24.1m |
| Cost of sales | — | £9.2m | £10.6m | £14.8m |
| Gross profit | — | £3.8m | £5.6m | £9.3m |
| Operating profit | — | £844k | £2m | £4.6m |
| Profit before tax | — | £524k | £1.8m | £4.5m |
| Profit after tax | — | £522k | £448k | £2.2m |
| Profit (best available) | — | £522k | £448k | £2.2m |
| Staff costs | — | £1.4m | £1.6m | £3.1m |
| Employees (average) | 0 | 0 | 0 | 0 |
| Ratios | ||||
| Profit margin | — | 4% | 2.8% | 9% |
| Gross margin | — | 29.2% | 34.7% | 38.5% |
| Cash conversion | — | 77.8% | −18.2% | 12.4% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲24.3% | ▲48.3% |
| Profit growth | — | — | ▼14.2% | ▲382.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | — | £166k | £132k | £2.4k |
| Net assets | £999k | £1.5m | £2m | £4.1m |
| Fixed assets | £4.5m | £4.5m | £4.5m | £4.5m |
| Current assets | £408k | £1.1m | £555k | £1m |
| Debtors | — | £0 | £0 | £0 |
| Deferred income | £606 | £600 | £27.3k | — |
| Cash from operations | — | £657k | −£362k | £568k |
| Source | FilletedAccounts · bulk data Dec 2023 | FilletedAccounts · bulk data Dec 2023 | FullAccounts · bulk data Mar 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 9%
- Profit ÷ revenue.
- Gross margin
- 38.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- 12.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 18.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- ▲106%
- Now £4.1m
- Cash at bank
- ▼98%
- Now £2.4k
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- 0%
- Now £4.5m
Group structure
Subsidiaries (2)
- Thrift Energy LimitedRev. £20.4m · Profit £3.4m
- Green Deal First LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £2.2m), from the Companies House accounts bulk data published Dec 2025. 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.