Source Ev UK Limited
The principal activity of the company is to construct and operate electric vehicle charging stations. Source EV UK Limited is a wholly owned subsidiary of Source EV Limited, which in turn was wholly owned by SSE Utility Solutions Limited ("SSE") until 10 September 2024. On this date a 50/50 joint venture was formed between SSE and TotalEnergies Marketing UK Limited (“TotalEnergies”). The company was established to design, construct, install, operate, and maintain EV charging hubs across the United Kingdom. The business model is capital-intensive, technology - and data-driven, and front-loaded. The company incurs significant upfront costs in land leasing, network development, engineering, construction, installation, and commissioning before generating meaningful turnover. Turnover is primarily derived from electricity consumption at charging points.
Revenue
£1k
No comparable prior period
Profit after tax
-£7k
Margin -781.8%
Employees
0
— vs prior ~12m period
Net assets
£29k
Total assets £64k
Financial history
Revenue by accounting period
2 periods available · ▲ growth ▼ decline
| Period end | Revenue | Growth | Profit before tax | Employees | Net assets |
|---|---|---|---|---|---|
| 31 Dec 2024 | £1k | — | -£9k | 0 | £29k |
| 31 Mar 2024 | £300 | — | -£7k | 0 | -£7k |
Some periods are not about 12 months apart, usually because the company changed its year end or the register holds more than one set of accounts for a year. Growth is shown only against a prior period roughly 12 months earlier.
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
- £1k
- Gross profit
- £651
- Operating profit
- -£8k
- Profit before tax
- -£9k
- Profit after tax
- -£7k
Balance sheet
- Total assets
- £64k
- Cash
- £10k
- Total liabilities
- £35k
- Net assets
- £29k
- Revenue per employee
- Not available
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