Sphere Energy Connect Limited
Registered name: SPHERE ENERGY CONNECT LIMITED
Part of Iberdrola Sa groupSphere Energy Connect Limited made a £1.1m loss in the year to 31 Dec 2025 (revenue not disclosed).
Sphere Energy Connect Limited reported a loss of £1.1m in the year to 31 Dec 2025; its revenue was not disclosed. It had 1 employee. The company is classified under “distribution of electricity” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 2 yrs · since 2024
- 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.
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 26 Jun 2024 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | No P&L | Profit only | Profit only |
| Profit & loss | |||
| Revenue (turnover) | — | — | — |
| Profit before tax | — | £0 | −£1.1m |
| Profit (best available) | — | £0 | −£1.1m |
| Employees (average) | — | 0 | 1 |
| Ratios | |||
| Profit margin | — | — | — |
| Profit per employee | — | — | −£1.1m |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £0 | £1 | −£1.1m |
| Debtors | — | £1 | £30.4k |
| Source | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Jul 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- −£1.1m
- 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 −£1.1m
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 1
- 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 PLC75–100%
- Sphere Energy Connect Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- 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
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£1.1m), from the Companies House accounts bulk data published Jul 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.