OCTOPUS ELECTRIC VEHICLES LIMITED - Profile & Financials

Accounts Submitted 5 Feb 2025

Confirmation Statement Submitted 9 May 2025

Net assets £-82.06M £50.66M 2024 year on year

Total assets £215.47M £91.72M 2024 year on year

Total Liabilities £297.53M £142.38M 2024 year on year

Charges 6

4 outstanding 2 satisfied

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Contact & Details

Contact

Update Details

Registered Address

Uk House, 5th Floor 164-182 Oxford Street London W1D 1NN United Kingdom

Telephone

020038703892

customerservice@octopusev.com

Website

octopusev.com

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 (2018–2024)

Cash in Bank

£10.15M

Increased by £5.36M (+112%)

Net Assets

-£82.06M

Decreased by £50.66M (-161%)

Total Liabilities

£297.53M

Increased by £142.38M (+92%)

Turnover

£47.83M

Increased by £10.42M (+28%)

Employees

323

Increased by 122 (+61%)

Debt Ratio

138%

Increased by 13 (+10%)

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

£2.9m awarded

Show:

Investors (0)

No investor information available

Officers

5 active 7 resigned

Show resigned officers

						Status
Fiona Louise Howarth	Director	British	United Kingdom	43	12 Sept 2024	Active
Giles Edward Charles Andrews	Director	British	England	59	12 Sept 2024	Active
Greg Sean Jackson	Director	British	England	54	4 May 2017	Active
Gurjeet Singh Grewal	Director	British	United Kingdom	43	20 Oct 2025	Active
Stuart Keith Jackson	Director	British	United Kingdom	53	4 May 2017	Active

Shareholders

Shareholders (1)


Octopus Energy Group Limited	100.0%	1	Ordinary	8 May 2021

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Octopus Energy Group Limited

United Kingdom

Active

Notified 4 May 2017

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

OCTOPUS ENERGY GROUP LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent, appoint/remove directors

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

OE HOLDCO LTD united kingdom

OCTOPUS ELECTRIC VEHICLES LIMITED Current Company

Charges

4 outstanding 2 satisfied

Documents

Company Filings

Date	Category	Description	Document
29 Oct 2025	Officers	Appointment of Gurjeet Singh Grewal as director on 2025-10-20	View(2 pages)
9 May 2025	Confirmation Statement	Confirmation statement made on 2025-04-30 with no updates	View(3 pages)
5 Feb 2025	Accounts	Annual accounts made up to 2024-04-30	View(36 pages)
17 Sept 2024	Officers	Termination of James Andrew Eddison as director on 2024-09-04	View(1 page)
17 Sept 2024	Officers	Appointment of Mrs Fiona Louise Howarth as director on 2024-09-12	View(2 pages)