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MUTUAL ENERGY LIMITED
FIRST FLOOR, THE ARENA BUILDING, 85 ORMEAU ROAD, BELFAST, BT7 1SHPrevious 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-2024Accounts 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** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 43 | 8 (16.0%) | |
Active | Harold MCCRACKEN | 01 Sep 2021 | Director | British | 7 - 21 | 5 (17.9%) | |
Active | Ceri RICHARDS | 01 Mar 2020 | Director | British | 5 - 0 | 0 (0.0%) | |
Active | David Middleton GRAY | 01 Jan 2019 | Company Director | British | 8 - 7 | 2 (13.3%) | |
Active | Michael James MCKERNAN | 01 Jan 2018 | Retired | Northern Irish | 5 - 0 | 0 (0.0%) | |
Active | Patrick Michael ANDERSON | 01 Oct 2016 | Finance Director | British | 5 - 7 | 0 (0.0%) | |
Resigned | Katherine Jane MINGAY | 01 May 2014 | 23 Sep 2021 | Company Director | British | 1 - 5 | 0 (0.0%) |
Resigned | Christopher John MURRAY | 01 May 2014 | 29 Sep 2022 | Company Director | British | 3 - 8 | 0 (0.0%) |
Resigned | Clarke BLACK | 01 Jan 2011 | 30 Sep 2017 | Director | British | 0 - 6 | 0 (0.0%) |
Resigned | Stephen KIRKPATRICK | 01 Apr 2010 | 29 Sep 2016 | Executive | British | 2 - 23 | 6 (24.0%) |
Active | Gerard Myles MCILROY | 01 Jan 2010 | Accountant | British | 17 - 1 | 0 (0.0%) | |
Resigned | Regina FINN | 01 Nov 2008 | 31 Dec 2018 | Chief Executive | Irish | 6 - 6 | 0 (0.0%) |
Resigned | Gerry WALSH | 01 Oct 2008 | 31 Dec 2013 | Self Employed Consultant | Irish | 0 - 4 | 0 (0.0%) |
Resigned | Peter Thomas WARRY | 23 Sep 2008 | 30 Nov 2013 | Director | British | 1 - 23 | 4 (16.7%) |
Active | Patrick LARKIN | 26 Sep 2007 | Director | Irish | 12 - 2 | 0 (0.0%) | |
Resigned | William CARGO | 26 Sep 2007 | 01 Jan 2010 | Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Alan RAINEY | 12 Oct 2005 | 21 Jun 2007 | Managing Director | Irish | 0 - 1 | 0 (0.0%) |
Resigned | Nuala SHEERAN | 03 Aug 2005 | 31 Aug 2007 | Solicitor | Irish | 0 - 1 | 0 (0.0%) |
Resigned | David John MONTGOMERY | 02 Feb 2005 | 31 Mar 2008 | Company Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Alan David MCCLURE | 02 Feb 2005 | 29 Sep 2009 | Company Director | British | 0 - 27 | 9 (33.3%) |
Resigned | Damian Gerard MCATEER | 02 Feb 2005 | 29 Sep 2009 | Manager | Northern Irish | 1 - 19 | 4 (20.0%) |
Resigned | Damian Gerard MC ATEER | 02 Feb 2005 | 29 Sep 2009 | Manager | Northern Irish | 5 - 24 | 5 (17.2%) |
Resigned | Alasdair James Dougall LOCKE | 02 Feb 2005 | 31 Dec 2008 | Chairman | British | 14 - 41 | 7 (12.7%) |
Resigned | Felicity Victoria HUSTON | 02 Feb 2005 | 21 Sep 2010 | Tax Consultant | British | 4 - 14 | 0 (0.0%) |
Resigned | MD DIRECTORS LIMITED | 31 Jan 2005 | 02 Feb 2005 | 0 - 107 | 53 (49.5%) | ||
Resigned | MD SECRETARIES LIMITED | 31 Jan 2005 | 12 Feb 2005 | 5 - 534 | 247 (45.8%) |
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
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 | ||||
---|---|---|---|---|---|---|
2020-01-28 | 2016-02-15 | 2015-02-15 | 2014-02-15 | 2013-02-15 | ||
MUTUAL ENERGY LIMITED | ORDINARY | 1 100% | 2 100% | 2 100% | 2 100% | 2 100% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
no controlling companies
MUTUAL ENERGY LIMITED
Controlled companies below
- >75%:NORTHERN IRELAND GAS TRANSMISSION HOLDINGS LIMITED (NI053763 - UK) active
- >75%:BELFAST GAS TRANSMISSION HOLDINGS LIMITED (NI067681 - UK) active
- >75%:PREMIER TRANSMISSION HOLDINGS LIMITED (NI053757 - UK) active
- >75%:WTL HOLDINGS LIMITED (NI644158 - UK) active
- >75%:MOYLE HOLDINGS LIMITED (NI045738 - UK) active
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 |