Enerveo sees margin gains as division sale progresses

For the year ended 31 March 2025, Enerveo, one of the UK’s largest electrical contracting firms, reported a 10.8 per cent drop in revenue, with turnover falling to £194.7 million (FY2024: £218.4 million).

The company posted an operating loss of £800,000 (FY2024: £800,000 operating profit), impacted by exceptional items and ongoing strategic changes.

This includes the sale of its Infrastructure Solutions business, which has incurred a £3.5 million charge related to its preparation for disposal.

The initial sale of its infrastructure division fell through in late 2024, but a new buyer was secured in September 2025, and while no news has yet been announced, the deal was expected to close by December.

Enerveo also impaired a £4 million intercompany balance owed from its subsidiary, Enerveo Ireland, as part of efforts to wind down non-core operations.

With a renewed focus on high-margin, profitable projects such as high Voltage engineering and EV charging services, gross margin improved to 24.6 per cent (FY2024: 21.6 per cent).

The loss after tax remained unchanged at £1.7 million, and, as in 2024, no dividends were declared.