Scottish Power UK PLC
Registered name: SCOTTISH POWER UK PLC
Part of Iberdrola Sa groupScottish Power UK PLC made £6.5bn revenue and £1.5bn profit in the year to 31 Dec 2025.
Scottish Power UK PLC’s revenue fell 1% to £6.5bn in the year to 31 Dec 2025, with £1.5bn profit and 9,337 employees. The company is classified under “activities of head offices” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 37 yrs · since 1989
- Type
- Public 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
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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) | £9.5bn | £6.6bn | £6.5bn |
| Cost of sales | −£5.3bn | −£2.4bn | −£2.1bn |
| Gross profit | £4.2bn | £4.1bn | £4.4bn |
| Operating profit | £1.9bn | £1.9bn | £1.8bn |
| Profit before tax | £1.6bn | £1.7bn | £1.9bn |
| Profit after tax | £1.2bn | £1.2bn | £1.5bn |
| Profit (best available) | £1.2bn | £1.2bn | £1.5bn |
| Employees (average) | — | 6,411 | 9,337 |
| Ratios | |||
| Profit margin | 12.9% | 18.9% | 23.1% |
| Gross margin | 44% | 62.9% | 67.6% |
| Revenue per employee | — | £1m | £698k |
| Profit per employee | — | £194k | £161k |
| Growth (year on year) | |||
| Revenue growth | — | ▼30.4% | ▼1% |
| Profit growth | — | ▲2.1% | ▲21% |
| Headcount growth | — | — | ▲45.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 23.1%
- Profit ÷ revenue.
- Gross margin
- 67.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £698k
- Revenue ÷ average employees.
- Profit per employee
- £161k
- 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.
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
- ▲46%
- Now 9,337
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Iberdrola Sa (registered outside the UK register)ultimate parent75–100%
- SPW Investments Limited75–100%
- Scottish Power Limited75–100%
- Scottish Power UK PLCthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (5)
- Eheat Networks LimitedFigures not disclosed
- Scottish Power Energy Networks Holdings LimitedFigures not disclosed
- Scottish Power Retail Holdings LimitedFigures not disclosed
- Scottishpower Renewable Energy LimitedFigures not disclosed
- Sphere Energy Connect LimitedRev. — · Profit −£1.1m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £1.5bn), from the Companies House accounts bulk data published Apr 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.