OVO Energy

OVO started as an idea around the kitchen table. A couple of friends listing what they wanted from their energy supplier, but weren’t getting. Things like fair pricing. Great service. Clear and simple information. Technology to make managing your energy easier. And above all, honesty and openness. Six years and 500,000 happy customers later, we’re proud of what we’ve achieved. But there’s plenty more to be done. We may have outgrown the kitchen table. But we’re still working to make energy as effortless, simple and inexpensive as possible.
Company Growth (employees)
Type
Private
HQ
Bristol, GB
Founded
2009
Size (employees)
630 (est)+3%
OVO Energy was founded in 2009 and is headquartered in Bristol, GB

OVO Energy Office Locations

OVO Energy has an office in Bristol
Bristol, GB (HQ)
Temple Quay 3 Temple Back E

OVO Energy Data and Metrics

Summary Metrics

Founding Date

2009

OVO Energy Financial Metrics

OVO Energy's revenue was reported to be £512.4 m in FY, 2015 which is a 60% increase from the previous period.
Numbers are in £, GBP

Revenue (FY, 2015)

512.4 m

Revenue growth (FY, 2014 - FY, 2015), %

60%

Gross profit (FY, 2015)

44.2 m

Gross profit margin (FY, 2015), %

9%

Net income (FY, 2015)

(30.1 m)

Cash (31-Dec-2015)

45.7 m
FY, 2013FY, 2014FY, 2015

Revenue

171.7 m319.3 m512.4 m

Revenue growth, %

86%60%

Cost of goods sold

153.1 m295.4 m468.2 m

Gross profit

18.6 m23.9 m44.2 m

Gross profit Margin, %

11%7%9%

Operating expense total

18.7 m57 m79 m

Pre tax profit

(81 k)(35.7 m)(34.1 m)

Net Income

(260 k)(28.4 m)(30.1 m)
FY, 2013FY, 2014FY, 2015

Cash

8.4 m29.6 m45.7 m

Accounts Receivable

5.2 m17.9 m24 m

Current Assets

27.3 m73.6 m81 m

PP&E

2.3 m14 m16.9 m

Goodwill

1.9 m5.6 m8.1 m

Total Assets

31.4 m93.1 m106 m

Accounts Payable

2.8 m11.8 m29.2 m

Current Liabilities

39.4 m129.4 m172.1 m

Retained Earnings

(260 k)(28.4 m)(30.1 m)

Total Equity

(8 m)(36.2 m)(66 m)

Financial Leverage

-3.9 x-2.6 x-1.6 x
FY, 2013FY, 2014FY, 2015

Cash From Operating Activities

8.3 m34.9 m23.1 m

Cash From Financing Activities

(25 k)(3.5 m)

Income Taxes Paid

(179 k)7.3 m4 m
Y, 2015

Financial Leverage

-1.6 x

OVO Energy Online and Social Media Presence

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OVO Energy Company Life and Culture

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