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.
Type
Private
HQ
Bristol, GB
Founded
2009
Size (employees)
806 (est)+3%
OVO Energy was founded in 2009 and is headquartered in Bristol, GB
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OVO Energy Office Locations

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

Summary Metrics

Founding Date

2009
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OVO Energy Financials

OVO Energy's revenue was reported to be £685.20 m in FY, 2016
GBP

Revenue (FY, 2016)

685.2 m

Gross profit (FY, 2016)

96.7 m

Gross profit margin (FY, 2016), %

14.1%

Net income (FY, 2016)

(16.9 m)

EBITDA (FY, 2016)

(6.8 m)

EBIT (FY, 2016)

(16.8 m)

Cash (31-Dec-2016)

25.9 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

10.3 m37.5 m102.9 m171.7 m319.3 m512.4 m685.2 m

Revenue growth, %

86%60%

Cost of goods sold

8.6 m33.5 m91.4 m153.1 m295.4 m468.2 m588.5 m

Gross profit

1.7 m4 m11.5 m18.6 m23.9 m44.2 m96.7 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

306 k784 k2 m8.4 m29.6 m45.7 m25.9 m

Accounts Receivable

369 k1.4 m7.9 m5.2 m17.9 m24 m36.3 m

Inventories

519 k869 k823 k1.1 m78 k

Current Assets

6 m23 m17.3 m27.3 m73.6 m81 m79.8 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(570 k)(1.2 m)(2.1 m)(260 k)(28.4 m)(30.1 m)(16.9 m)

Cash From Operating Activities

699 k1.5 m2.4 m8.3 m34.9 m23.1 m(7.8 m)

Dividends Paid

170 k

Cash From Financing Activities

(52 k)(150 k)(90 k)(25 k)(3.5 m)(2.1 m)
GBPY, 2016

Revenue/Employee

1.4 m

Financial Leverage

-1.3 x
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OVO Energy News and Updates

OVO Energy Drops 4 Product Bombshells, Including New Vehicle-to-Grid Charger

In London this week, OVO Energy took to the stage and dropped not one new product but four product bombshells that are aimed at creating a new energy ecosystem that is accessible to residential energy consumers
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