IVO ENERGY LIMITED - Profile & Financials

Accounts Submitted 24 Jul 2025

Confirmation Statement Submitted 7 Nov 2025

Net assets £16.80M £7.28M 2024 year on year

Total assets £56.50M £25.79M 2024 year on year

Total Liabilities £39.70M £18.52M 2024 year on year

Charges 3

3 satisfied

AI Analysis

Analyze director networks, ownership patterns, and company connections

CompanyTrack AI can make mistakes. Check important info.

Contact & Details

Contact

Update Details

Registered Address

55 Baker Street London W1U 7EU United Kingdom

Credit Report

Discover IVO ENERGY LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

See All Mutual Companies

Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2014–2024)

Cash in Bank

N/A

Net Assets

£16.80M

Increased by £7.28M (+76%)

Total Liabilities

£39.70M

Increased by £18.52M (+87%)

Turnover

£54.00k

Increased by £4.00k (+8%)

Employees

N/A

Debt Ratio

70%

Increased by 1 (+1%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

13 Allotments 34,784,721 Shares £35.28m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
23 Oct 2025	ORDINARY	5,666,700	£5.67m	£1
20 Aug 2025	ORDINARY	2,250,820	£2.25m	£1
7 Aug 2025	ORDINARY	867,200	£867k	£1
28 Apr 2025	ORDINARY	2,000,000	£2.00m	£1
29 Oct 2024	ORDINARY	3,000,000	£3.00m	£1

Officers

2 active 24 resigned

Show resigned officers

						Status
Minna Maarit Wallin	Director	Finnish	Finland	43	15 Jun 2023	Active
Reijo Kalevi Salo	Director	Finnish	Finland	64	16 Dec 2009	Active

Shareholders

Shareholders (1)


Fortum Energy Holding B.v	100.0%	37,784,721	Ordinary	7 Nov 2025

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Fortum Oyj

Finland

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

See All Controllers

Group Structure

FORTUM OYJ finland

IVO ENERGY LIMITED Current Company

FORTUM ENERGY LTD united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

FORTUM O&M (UK) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

FORTUM RATCLIFFE LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SOUTH CLYDE ENERGY RECOVERY HOLDINGS LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent, appoint/remove directors

Charges

3 satisfied

Documents

Company Filings

Date	Category	Description	Document
7 Nov 2025	Confirmation Statement	Confirmation statement made on 2025-11-06 with updates	View(5 pages)
31 Oct 2025	Capital	Allotment of shares (GBP 37,784,721) on 2025-10-23	View(3 pages)
1 Sept 2025	Capital	Allotment of shares (GBP 32,118,021) on 2025-08-20	View(3 pages)
21 Aug 2025	Capital	Allotment of shares (GBP 29,867,201) on 2025-08-07	View(3 pages)
24 Jul 2025	Accounts	Annual accounts made up to 2024-12-31	View(31 pages)