Powerverse Development Limited
Active08760287EnergyIncorporated 4 Nov 2013 · London
The principal activity of the company in the year under review was that of developing systems to provide home energy management solutions through the use of AI powered apps to connect all home energy systems.The developed product is then sold through our sister company, Powerverse UK Limited.
Revenue
£784k
▲ +196.9% vs prior ~12m period
Profit after tax
£9.6m
Margin 1223.9%
Employees
30
▲ +172.7% vs prior ~12m period
Net assets
-£2.4m
Total assets £1.3m
Financial history
Revenue by accounting period
2 periods available · ▲ growth ▼ decline
Dec 2023
£264k
Dec 2024
£784k▲ +196.9%
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2024 | £784k | ▲ +196.9% | £9.6m | 30 | -£2.4m |
| 31 Dec 2023 | £264k | — | -£6.7m | 11 | -£11.9m |
Latest available figures
Period ending 31 Dec 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.
Profit & loss
- Revenue
- £784k
- Gross profit
- -£1.3m
- Operating profit
- £9.6m
- Profit before tax
- £9.6m
- Profit after tax
- £9.6m
Balance sheet
- Total assets
- £1.3m
- Cash
- £424k
- Total liabilities
- £3.7m
- Net assets
- -£2.4m
- Revenue per employee
- £26k
Similar companies
| Company | Industry | Location | Revenue | Growth | Employees |
|---|---|---|---|---|---|
| Phase M/E Solutions Limited 06490748 | Energy | Camberley | £5.0m | ▲ +18.1% | 7 |
| Pwe Holdings PLC 10174331 | Energy | Theale | £4.8m | ▼ -15.1% | 8 |
| Leep District Heating Networks (Milton Keynes) Limited 05277300 | Energy | Manchester | £4.8m | — | 0 |
| A Shade Greener (F2) Ltd 07530102 | Energy | London | £4.4m | ▲ +14.3% | 0 |
| Farringdon Energy Limited 09256369 | Energy | Stansted | £4.2m | ▲ +86.6% | 1 |
Other energy companies in London
| Company | Industry | Location | Revenue | Growth | Employees |
|---|---|---|---|---|---|
| Pozitive Energy Ltd 09523048 | Energy | London | £926.1m | ▼ -21.5% | 31 |
| Sonatrach Gas Marketing UK Limited 05646983 | Energy | London | £868.9m | ▲ +58.3% | 6 |
| Brook Green Supply Limited 09910619 | Energy | London | £349.2m | ▲ +140.5% | 95 |
| Brook Green Trading Limited 09523064 | Energy | London | £336.5m | ▲ +154.4% | 2 |
| Shell Energy UK Limited 07489042 | Energy | London | £211.2m | ▼ -12.5% | 138 |