FORTUM ENERGY LTD - Profile & Financials

Accounts Submitted 18 Sept 2025

Confirmation Statement Submitted 6 Nov 2025

Net assets £-14.85M £1.91M 2024 year on year

Total assets £151.00K £256.00K 2024 year on year

Total Liabilities £15.00M £1.65M 2024 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

55 Baker Street London W1U 7EU United Kingdom

Credit Report

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Mutual Companies

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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 (2021–2024)

Cash in Bank

N/A

Net Assets

-£14.85M

Decreased by £1.91M (-15%)

Total Liabilities

£15.00M

Increased by £1.65M (+12%)

Turnover

N/A

Employees

N/A

Debt Ratio

9932%

Increased by 6653 (+203%)

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

5 Allotments 20,500,000 Shares £20.50m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
22 May 2023	ORDINARY	3,000,000	£3.00m	£1
6 Apr 2023	ORDINARY	3,000,000	£3.00m	£1
5 Jan 2023	ORDINARY	2,000,000	£2.00m	£1
22 Dec 2014	ORDINARY	6,000,000	£6.00m	£1
16 Dec 2011	ORDINARY	6,500,000	£6.50m	£1

Officers

2 active 19 resigned

Show resigned officers

						Status
Johanna Carlsson	Director	Swedish	Sweden	43	6 Jun 2024	Active
Reijo Kalevi Salo	Director	Finnish	Finland	64	17 Jun 2011	Active

Shareholders

Shareholders (1)


Ivo Energy Limited	100.0%	14,100,000	Ordinary	22 Nov 2023

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Ivo Energy Limited

United Kingdom

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

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Group Structure

IVO ENERGY LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

FORTUM OYJ finland

FORTUM ENERGY LTD Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
9 Dec 2025	Capital	Allotment of shares (GBP 17,100,000) on 2025-12-09	View(3 pages)
6 Nov 2025	Confirmation Statement	Confirmation statement made on 2025-11-06 with no updates	View(3 pages)
18 Sept 2025	Accounts	Annual accounts made up to 2024-12-31	View(23 pages)
3 Jul 2025	Officers	Change to director Ms Johanna Carlson on 2024-06-06	View(2 pages)
29 Nov 2024	Confirmation Statement	Confirmation statement made on 2024-11-06 with no updates	View(3 pages)