MUTUAL ENERGY LIMITED

FIRST FLOOR, THE ARENA BUILDING, 85 ORMEAU ROAD, BELFAST, BT7 1SH

Previous name: NORTHERN IRELAND ENERGY HOLDINGS LIMITED (changed on 13-Jan-2010)

Company Number: NI053759
Incorporation date: 31-Jan-2005
Status: Active
Entity type: PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)

SIC codes:
35120 Transmission of electricity
35220 Distribution of gaseous fuels through mains
70100 Activities of head offices



SUMMARY

This company is 19.2 years old and is currently active. The company has positive equity (net assets) of GBP 41.9 million which has increased from GBP 36.3 million in the previous year. The latest reported revenue figure is GBP 1.3 million which is similar to the previous year's figure of GBP 1.3 million. The company has 8 active officers (directors or partners) who are or were officers of 92 other companies, 13 (14.1%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: GROUP (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2020 GBP 1,256,000 29,041,000 6,958,000 24,839,000 -5,645,000
31-Mar-2019 GBP 1,256,000 29,530,000 2,359,000 20,443,000 -232,000
31-Mar-2018 GBP 1,000,000 18,727,000 2,709,000 19,861,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2020 GBP 89,322,000 316,816,000 53,167,000 41,884,000 41,884,000
31-Mar-2019 GBP 109,972,000 172,546,000 72,300,000 36,339,000 36,339,000
31-Mar-2018 GBP 95,049,000 109,602,000 34,532,000 275,307,000 25,125,000 25,125,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Gerard Myles MCILROY 27 Feb 2009 28 Mar 2024 British 17 - 1
Resigned Arthur Cox NORTHERN IRELAND 02 Feb 2005 01 Oct 2009 0 - 3
Resigned MD SECRETARIES LIMITED 31 Jan 2005 02 Feb 2005 5 - 534

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Norman MCKEOWN 20 Nov 2023 Director British 7 - 438 (16.0%)
Active Harold MCCRACKEN 01 Sep 2021 Director British 7 - 215 (17.9%)
Active Ceri RICHARDS 01 Mar 2020 Director British 5 - 00 (0.0%)
Active David Middleton GRAY 01 Jan 2019 Company Director British 8 - 72 (13.3%)
Active Michael James MCKERNAN 01 Jan 2018 Retired Northern Irish 5 - 00 (0.0%)
Active Patrick Michael ANDERSON 01 Oct 2016 Finance Director British 5 - 70 (0.0%)
Resigned Katherine Jane MINGAY 01 May 2014 23 Sep 2021 Company Director British 1 - 50 (0.0%)
Resigned Christopher John MURRAY 01 May 2014 29 Sep 2022 Company Director British 3 - 80 (0.0%)
Resigned Clarke BLACK 01 Jan 2011 30 Sep 2017 Director British 0 - 60 (0.0%)
Resigned Stephen KIRKPATRICK 01 Apr 2010 29 Sep 2016 Executive British 2 - 236 (24.0%)
Active Gerard Myles MCILROY 01 Jan 2010 Accountant British 17 - 10 (0.0%)
Resigned Regina FINN 01 Nov 2008 31 Dec 2018 Chief Executive Irish 6 - 60 (0.0%)
Resigned Gerry WALSH 01 Oct 2008 31 Dec 2013 Self Employed Consultant Irish 0 - 40 (0.0%)
Resigned Peter Thomas WARRY 23 Sep 2008 30 Nov 2013 Director British 1 - 234 (16.7%)
Active Patrick LARKIN 26 Sep 2007 Director Irish 12 - 20 (0.0%)
Resigned William CARGO 26 Sep 2007 01 Jan 2010 Director British 0 - 10 (0.0%)
Resigned Alan RAINEY 12 Oct 2005 21 Jun 2007 Managing Director Irish 0 - 10 (0.0%)
Resigned Nuala SHEERAN 03 Aug 2005 31 Aug 2007 Solicitor Irish 0 - 10 (0.0%)
Resigned David John MONTGOMERY 02 Feb 2005 31 Mar 2008 Company Director British 0 - 10 (0.0%)
Resigned Alan David MCCLURE 02 Feb 2005 29 Sep 2009 Company Director British 0 - 279 (33.3%)
Resigned Damian Gerard MCATEER 02 Feb 2005 29 Sep 2009 Manager Northern Irish 1 - 194 (20.0%)
Resigned Damian Gerard MC ATEER 02 Feb 2005 29 Sep 2009 Manager Northern Irish 5 - 245 (17.2%)
Resigned Alasdair James Dougall LOCKE 02 Feb 2005 31 Dec 2008 Chairman British 14 - 417 (12.7%)
Resigned Felicity Victoria HUSTON 02 Feb 2005 21 Sep 2010 Tax Consultant British 4 - 140 (0.0%)
Resigned MD DIRECTORS LIMITED 31 Jan 2005 02 Feb 2005 0 - 10753 (49.5%)
Resigned MD SECRETARIES LIMITED 31 Jan 2005 12 Feb 2005 5 - 534247 (45.8%)
Number of active directors: 8
Average tenure of active directors: 7.1 years
Average tenure of resigned directors: 4.6 years
Average active director Dissolution Rate: 5.9%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
HSBC INVESTMENT RESIDUARY LIMITED (00976092) - Dissolved
SWANSEA SOUND LIMITED (01089326) - Active - Proposal to Strike off
SIGNAL RADIO LIMITED (01633042) - Active
CENTRAL SCHOOL OF BALLET CHARITABLE TRUST LIMITED(THE) (01657717) - Active
JAMES CAPEL HOLDINGS LIMITED (01838555) - Dissolved
CUNNINGHAM JOHNSON LIMITED (02006582) - Active
RADIOWAVE (BLACKPOOL) LIMITED (02380110) - Active
WOLVERHAMPTON AREA RADIO LIMITED (02424035) - Active
02457584 LIMITED (02457584) - Active
REGULATORY POLICY INSTITUTE (02659216) - Active
TALKSPORT LIMITED (02806093) - Active
VALLEY RADIO LIMITED (03051442) - Dissolved
INDEPENDENT RADIO GROUP LIMITED (03101886) - Active
THE WIRELESS GROUP (ILRS) LIMITED (03115084) - Active - Proposal to Strike off
PULSE F.M. LIMITED (03115088) - Active
102.4 WISH FM LIMITED (03134290) - Active
WIRE FM (1997) LIMITED (03172527) - Active
GRAND CENTRAL BROADCASTING LIMITED (03459102) - Active
THE WIRELESS GROUP HOLDINGS LIMITED (03578294) - Active
TALK RADIO UK LIMITED (03707787) - Active
TWG PAYMENTS LIMITED (03729073) - Active
FOREVER BROADCASTING LIMITED (03844914) - Active
PERFECTTASTE LIMITED (03855837) - Active
WIRELESS GROUP MEDIA (GB) LIMITED (03949697) - Active
HALITE ENERGY GROUP LIMITED (04145789) - Active
WIRELESS RADIO LIMITED (04334042) - Active
SOCCERBET LIMITED (04766099) - Active
TOWER 107.4 FM LIMITED (04864434) - Active
ANGLESEY LNG LIMITED (05297325) - Active
PITKIN PETROLEUM LIMITED (05416227) - Active
TOKAMAK ENERGY LTD (07054929) - Active
SIMPLY ZESTY UK LIMITED (07330743) - Active
WINDER POWER HOLDINGS LIMITED (08240305) - Active
TOKAMAK SOLUTIONS EBT LIMITED (08496735) - Active
UTV LIMITED (NI004230) - Active
TRANSLINK (NI) LIMITED (NI006673) - Active
FLEXIBUS LIMITED (NI006724) - Active
ULSTERBUS LIMITED (NI006725) - Active
NORTHERN IRELAND RAILWAYS COMPANY LIMITED (NI006929) - Active
NORTHERN IRELAND CARPETS LIMITED (NI007222) - Active
CITYBUS LIMITED (NI009039) - Active
LAMONT TEXTILES LIMITED (NI013869) - Dissolved
SEPHA LIMITED (NI014142) - Active
NIR NETWORKS LIMITED (NI017638) - Active
STRATHEARN SCHOOL BELFAST (NI020602) - Active
NIR OPERATIONS LIMITED (NI021091) - Active
DIRECT NET ACCESS LIMITED (NI025350) - Active
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED (NI026041) - Active
BELFAST GAS TRANSMISSION LIMITED (NI026420) - Active
PREMIER TRANSMISSION LIMITED (NI026421) - Active
NIE ENTERPRISES LIMITED (NI026727) - Dissolved
NORTHERN IRELAND ELECTRICITY LIMITED (NI026892) - Active
NIE LIMITED (NI027040) - Active
NIE POWER LIMITED (NI027395) - Dissolved
THE INTERNET BUSINESS LIMITED (NI031235) - Active
NIE NETWORKS SERVICES LIMITED (NI032214) - Active
ENERGIA CAPITAL LIMITED (NI032456) - Active
ENERGIA NI HOLDCO LIMITED (NI032563) - Active
WIRELESS CONNECT LIMITED (NI032652) - Active
INVESTMENT BELFAST LIMITED (NI034285) - Dissolved
ENERGIA CUSTOMER SOLUTIONS NI LIMITED (NI035800) - Active
MOYLE INTERCONNECTOR LIMITED (NI036562) - Active
RECRUITMENT NORTHERN IRELAND LIMITED (NI037709) - Active
SEPHASCAN LIMITED (NI038376) - Dissolved
SONI LIMITED (NI038715) - Active
SEPHA PHARMACEUTICALS LIMITED (NI039141) - Dissolved
MOYLE INTERCONNECTOR (FINANCING) PUBLIC LIMITED COMPANY (NI045625) - Active
MOYLE HOLDINGS LIMITED (NI045738) - Active
WIRELESS GROUP NEW MEDIA LIMITED (NI053107) - Active
PREMIER TRANSMISSION FINANCING PUBLIC LIMITED COMPANY (NI053751) - Active
PREMIER TRANSMISSION HOLDINGS LIMITED (NI053757) - Active
MUTUAL ENERGY LIMITED (NI053759) - Active
NORTHERN IRELAND GAS TRANSMISSION HOLDINGS LIMITED (NI053763) - Active
NORTHERN IRELAND WATER LIMITED (NI054463) - Active
U105 LIMITED (NI055506) - Active
MOYLE ENERGY INVESTMENTS LIMITED (NI056562) - Active
INTERCONNECTOR SERVICES (NI) LIMITED (NI058161) - Active
ISLANDMAGEE ENERGY LIMITED (NI059776) - Active
WIRELESS GROUP LIMITED (NI065086) - Active
BELFAST GAS TRANSMISSION FINANCING PLC (NI067348) - Active
BELFAST GAS TRANSMISSION HOLDINGS LIMITED (NI067681) - Active
WIRELESS DRIVE LIMITED (NI072127) - Active
WEST TRANSMISSION LIMITED (NI073229) - Active
SIMPLE POWER LIMITED (NI603931) - Active
NIE FINANCE PLC (NI607246) - Active
MCCRACKEN CONSULTANCY LTD (NI607975) - Dissolved
SIMPLE POWER NO.1 LIMITED (NI630525) - Active
HHT MANAGEMENT LIMITED (NI655453) - Active
MOYLE HOLDINGS NO.2 LIMITED (NI696994) - Active
IRISH FOOTBALL ASSOCIATION LIMITED (R0000327) - Active
ALLIED RADIO LIMITED (SC006192) - Active
LAMONT HOLDINGS PLC (SC018964) - RECEIVERSHIP
TALK 107 EDINBURGH LIMITED (SC271956) - Dissolved

SHAREHOLDERS (BETA)

This entity is a 'PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)' which is a legal form with no shareholders.

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2020-01-282016-02-152015-02-152014-02-152013-02-15
MUTUAL ENERGY LIMITEDORDINARY1
100%
2
100%
2
100%
2
100%
2
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

MUTUAL ENERGY LIMITED

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


Date Title Reference Subject
2016-03-23 Mutual Energy Ltd v Starr Underwriting Agents Ltd & Anor [2016] EWHC 590 (TCC)

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 35120 Transmission of electricity)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
SCOTTISHPOWER ENERGY MANAGEMENT LIMITED 320 ST. VINCENT STREET, GLASGOW, SCOTLAND, G2 5AD SC215843 2017-12-31 5,248,300,000 -25,800,000 35220-Distribution of gaseous fuels through mains
NATIONAL GRID ELECTRICITY TRANSMISSION PLC 1 - 3 STRAND, LONDON, WC2N 5EH 02366977 2018-03-31 4,158,000,000 689,000,000
SCOTTISHPOWER ENERGY RETAIL LIMITED 320 ST. VINCENT STREET, GLASGOW, SCOTLAND, G2 5AD SC190287 2017-12-31 3,770,100,000 -14,800,000 35220-Distribution of gaseous fuels through mains
NPOWER NORTHERN LIMITED C/O NPOWER LIMITED, WESTWOOD WAY, WESTWOOD BUSINESS PARK, COVENTRY, ENGLAND, CV4 8LG 03432100 2017-12-31 1,889,000,000 -104,000,000
SP TRANSMISSION PLC 320 ST. VINCENT STREET, GLASGOW, SCOTLAND, G2 5AD SC189126 2017-12-31 338,100,000 149,100,000
SCOTTISH HYDRO ELECTRIC TRANSMISSION PLC INVERALMOND HOUSE, 200 DUNKELD ROAD, PERTH, PH1 3AQ SC213461 2018-03-31 325,800,000 131,100,000
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED 120 MALONE ROAD, BELFAST, BT9 5HT NI026041 2018-12-31 275,800,000 55,000,000 35130-Distribution of electricity
NPOWER YORKSHIRE LIMITED C/O NPOWER LIMITED, WESTWOOD WAY, WESTWOOD BUSINESS PARK, COVENTRY, ENGLAND, CV4 8LG 03937808 2017-12-31 151,379,000 -23,613,000
BRITNED DEVELOPMENT LIMITED 1-3 STRAND, LONDON, WC2N 5EH 04251409 2017-12-31 145,700,000 89,800,000
NATIONAL GRID INTERCONNECTORS LIMITED 1-3 STRAND, LONDON, WC2N 5EH 03385525 2018-03-31 86,753,000 52,920,000
ENEL X UK LIMITED EPWORTH HOUSE, 25 CITY ROAD, LONDON, ENGLAND, EC1Y 1AA 06937931 2017-12-31 5,059,469 0 46180-Agents specialized in the sale of other particular products
HARGRAVE CONSULTING LIMITED 2 CROSSFIELDS, ST. ALBANS, HERTFORDSHIRE, AL3 4NF 04245286 2017-12-31 175,335 0 42220-Construction of utility projects for electricity and telecommunications
PRO-FIT CONTRACTORS LTD 76 LEATFIELD DRIVE, DERRIFORD, PLYMOUTH, UNITED KINGDOM, PL6 5HL 09488934 2018-03-31 168,456 0
CHRIS HEZLETT LTD SUITE 3 GRAPES HOUSE, 79A HIGH STREET, ESHER, ENGLAND, KT10 9QA 08423711 2018-02-28 94,719 0
SCARLETTE HAZE LTD 15 ESSENDINE ROAD, MAIDA VALE, LONDON, W9 2LT 08485909 2018-04-30 23,352 0
FS PORT OF TYNE LIMITED C/O GRESHAM HOUSE ASSET MANAGEMENT LIMITED, 5 NEW STREET SQUARE, LONDON, ENGLAND, EC4A 3TW 10272711 2018-10-31 0 0 35130-Distribution of electricity
42220-Construction of utility projects for electricity and telecommunications
96090-Other service activities not elsewhere classified
HERITAGE ENERGY LIMITED 31B ENTERPRISE WAY ENTERPRISE WAY, THORNTON ROAD INDUSTRIAL ESTATE, PICKERING, NORTH YORKSHIRE, YO18 7NA 07338760 2018-08-31 0 0
KUBON LIMITED 1 ROSEGARTH, SLYNE, LANCASTER, LA2 6AT 09107737 2018-06-30 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
MUTUAL ENERGY LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.8% 4.4% 8.7% Medium
Do you have a dispute with a business?
Make it public