How much does Simple Power NO.1 Limited make?

Simple Power NO.1 Limited reported revenue of £10.4m and £4.1m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

Is Simple Power NO.1 Limited profitable?

Yes — Simple Power NO.1 Limited reported a profit of £4.1m in the year to 31 Dec 2025.

Company No. NI630525 · Incorporated 7 Apr 2015

Simple Power NO.1 Limited

Registered name: SIMPLE POWER NO.1 LIMITED

Part of Natwest Group PLC group

Simple Power NO.1 Limited made £10.4m revenue and £4.1m profit in the year to 31 Dec 2025.

Simple Power NO.1 Limited’s revenue grew 3% to £10.4m in the year to 31 Dec 2025, with £4.1m profit. The company is classified under “production of electricity” and is based in Belfast; we hold 3 years of its filed accounts.

Full P&L filedSIC 35110Production of electricity

Status: Active
Location: Belfast
Age: 11 yrs · since 2015
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£10.4m

Growth ▲3%

Profit

£4.1m

Growth ▼1.5%

Profit margin

39.1%

Employees

—

Change —

Profit / employee

—

Profitable streak

3yrs

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£10.2m	£10.1m	£10.4m
Cost of sales	−£2.5m	−£2.8m	−£3.1m
Profit before tax	£4.6m	£4.4m	£4.4m
Profit after tax	£3.4m	£4.1m	£4.1m
Profit (best available)	£3.4m	£4.1m	£4.1m
Employees (average)	—	—	—
Ratios
Profit margin	33%	40.8%	39.1%
Growth (year on year)
Revenue growth	—	▼0.4%	▲3%
Profit growth	—	▲23.2%	▼1.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Oct 2025	Accounts · bulk data Oct 2025	Accounts · bulk data Oct 2026

Derived from the latest filing

How the business works

Profit margin: 39.1%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; 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: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Natwest Group PLCultimate parent75–100%
Natwest Holdings Limited75–100%
National Westminster Bank Public Limited Company75–100%
Natwest Pension Trustee Limited75–100%
Simple Power Holdco Limited75–100%
Simple Power Finco Limited75–100%
Simple Power Limited75–100%
Simple Power NO.1 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 2025 (profit £4.1m), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.

Updated from Companies House on 18 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.