How much does Flotation Energy Limited make?

Flotation Energy Limited reported revenue of £18.8m and a loss of £3.3m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Flotation Energy Limited have?

Flotation Energy Limited reported an average of 150 employees in the year to 31 Dec 2024.

Is Flotation Energy Limited profitable?

No — Flotation Energy Limited reported a loss of £3.3m in the year to 31 Dec 2024.

Company No. SC597702 · Incorporated 21 May 2018

Flotation Energy Limited

Registered name: FLOTATION ENERGY LIMITED

Part of Tokyo Electric Power Company Holdings, Incorporated group

Flotation Energy Limited made £18.8m revenue and a £3.3m loss in the year to 31 Dec 2024.

Flotation Energy Limited’s revenue grew 116% to £18.8m in the year to 31 Dec 2024, with a loss of £3.3m and 150 employees. The company is classified under “production of electricity” and is based in Edinburgh; we hold 3 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity

Status: Active
Location: Edinburgh, Scotland
Age: 8 yrs · since 2018
Type: Private Limited Company

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.

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£18.8m

Growth ▲116.4%

Profit

−£3.3m

Growth ▼210.1%

Profit margin

−17.7%

Gross 45.7%

Employees

150

Change ▲11.9%

Profit / employee

−£22.3k

Revenue/employee £125k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Profit only	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£8.7m	£18.8m
Cost of sales	—	−£6.7m	−£10.2m
Gross profit	—	£2m	£8.6m
Operating profit	—	−£3.3m	−£5.2m
Profit before tax	—	−£3m	−£3.8m
Profit after tax	£2.2m	£3m	−£3.3m
Profit (best available)	£2.2m	£3m	−£3.3m
Employees (average)	53	134	150
Ratios
Profit margin	—	34.9%	−17.7%
Gross margin	—	22.8%	45.7%
Revenue per employee	—	£64.9k	£125k
Profit per employee	£42.2k	£22.6k	−£22.3k
Growth (year on year)
Revenue growth	—	—	▲116.4%
Profit growth	—	—	▼210.1%
Headcount growth	—	—	▲11.9%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	Accounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: −17.7%; Profit ÷ revenue.
Gross margin: 45.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £125k; Revenue ÷ average employees.
Profit per employee: −£22.3k; 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: ▲12%; Now 150
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Tokyo Electric Power Company Holdings, Incorporated (registered outside the UK register)ultimate parent75–100%
Flotation Energy Limitedthis company

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

Subsidiaries (4)

Blackwater Offshore Wind Holdco LimitedFigures not disclosed
Greystones Offshore Wind Holdco LimitedFigures not disclosed
Seadragon Holdco LimitedFigures not disclosed
Taiwan Offshore Wind LimitedFigures not disclosed

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit −£3.3m), from the Companies House accounts bulk data published Aug 2025. Spotted an error? Request a correction.

Updated from Companies House on 12 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.