SP POWER SYSTEMS LIMITED - Profile & Financials

Accounts Submitted 1 Oct 2025

Confirmation Statement Submitted 3 Mar 2025

Net assets £17.40M £4.10M 2024 year on year

Total assets £343.00M £58.60M 2024 year on year

Total Liabilities £325.60M £62.70M 2024 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

320 St. Vincent Street Glasgow G2 5AD Scotland

Office (Glasgow)

Aspect House, Technology Ave, Blantyre, Glasgow G72 0HT

Telephone

0800 027 0072

enquiries@energypeopletrust.co.uk

Website

scottishpower.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 (2014–2024)

Cash in Bank

N/A

Net Assets

£17.40M

Decreased by £4.10M (-19%)

Total Liabilities

£325.60M

Increased by £62.70M (+24%)

Turnover

£272.60M

Increased by £42.90M (+19%)

Employees

1530

Increased by 160 (+12%)

Debt Ratio

95%

Increased by 3 (+3%)

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

Officers

3 active 22 resigned

Show resigned officers

						Status
Douglas Andrew Ness	Director	British	Scotland	48	26 Sept 2024	Active
Nicola Mary Connelly	Director	British	Scotland	55	1 Jul 2024	Active
Seumus O'gorman	Secretary	Unknown	Unknown	—	31 Dec 2014	Active

Shareholders

Shareholders (0)

No shareholder data available

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Scottish Power Energy Networks Holdings 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

SCOTTISH POWER ENERGY NETWORKS HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SCOTTISH POWER UK PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SCOTTISH POWER LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SPW INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

IBERDROLA SA spain

SP POWER SYSTEMS LIMITED Current Company

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

SP NETWORK CONNECTIONS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
26 Nov 2025	Officers	Termination of Seumus O'gorman as director on 2025-11-26	View(1 page)
26 Nov 2025	Officers	Appointment of Andrew Philip as director on 2025-11-26	View(2 pages)
1 Oct 2025	Accounts	Annual accounts made up to 2024-12-31	View(26 pages)
3 Mar 2025	Confirmation Statement	Confirmation statement made on 2025-03-02 with no updates	View(3 pages)
1 Oct 2024	Accounts	Annual accounts made up to 2023-12-31	View(26 pages)