126
Financial statements
OCU Group | Annual report and financial statements 2025
Strategic report
Governance
for the year ended 30 April 2025 Notes to the consolidated financial statements
24. Group entities continued
25. Related party disclosures The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the Group. Transactions between Group entities which have been eliminated on consolidation are not disclosed within the financial statements. Information relating to the remuneration of key management personnel is included within note 6. There are no related party transactions in the year ended 30 April 2025 (30 April 2024: £nil) or balances held at 30 April 2025 (2024: £nil). 26. Controlling party At 30 April 2025, the Company’s ultimate parent undertaking is Triton Managers V Limited, a company registered in Jersey, with registered address Cooil House, 5-6 Esplanade, 1st Floor, St. Helier, Jersey JE2 3QA. Oat Topco Limited is the largest group, and OCU Group Limited the smallest group, for which consolidated accounts are prepared, both with registered office Artemis House, 6-8 Greek Street, Stockport, England, SK3 8AB.
Company name
Company number
Principal activity
OCU Northavon Renewable Energy Limited
14599026 13748582 13676911
Dormant company Dormant company
OCU Northavon Water Services Limited
OCU Northavon Water Solutions Limited
Utility & energy services Utility & energy services
OCU Opals Limited
08152431
OCU Opals Services Limited
10894906 NI649666 03421543 14456647 02916906 14456202
Support services
OCU Power Grid Plant Limited
Plant & machinery hire
OCU Services Limited
Utility & energy services
OCU (South) Limited
Dormant company
OCU Utility Services Limited
Utility & energy services
OCU Utility Solutions Limited
Dormant company
Peter McCormack & Sons Limited Purestream Industries Limited (formerly BW&M Holdings Ltd) Purestream Process Solutions Limited (formerly Setfords Technology Ltd)
NI038813
Utility & energy services
14075534
Utility & energy services
27. Business combinations FY25 acquisitions During the year ended 30 April 2025, the Group made three acquisitions.
07715931
Utility & energy services Utility & energy services
RJ McLeod (Contractors) Limited
SC028565
RJ McLeod On 11 June 2024, the Group acquired 100% of the ordinary share capital of RJ McLeod (Contractors) Limited, Thomas Gebbie & Company Limited and Scott-Orr (Contractors) Limited (together ‘RJ McLeod’), for initial consideration of £259.4m and contingent consideration of £40m, dependent on a multiple of EBITDA. RJ McLeod is one of Scotland’s leading energy transition contractors and it further expands the Group into renewable energy services. Purestream On 20 September 2024, the Group acquired 100% of the ordinary share capital of BW&M Holdings Ltd (now Purestream Industries Ltd) (‘Purestream’), for an initial consideration of £1.4m, deferred consideration of £0.6m and contingent consideration of £0.5m dependent on net profit margin and turnover reaching specified targets. Purestream is renowned for its expertise in water design and engineering, environmental process technology and equipment.
Scott-Orr (Contractors) Limited
SC044148
Dormant company
Thomas Gebbie & Company Limited
SC017189
Real estate services
All companies are 100% owned.
OCU Nettworx Limited and OCU Power Grid Plant Limited are incorporated in Northern Ireland. The registered office of those entities is 12-15 Donegall Square West, Belfast, Northern Ireland, BT1 6JH. RJ McLeod (Contractors) Limited, Scott-Orr (Contractors) Limited, and Thomas Gebbie & Company Limited are incorporated in Scotland. The registered office of those entities is 2411 London Road, Glasgow, G32 8XT. Peter McCormack & Sons Limited and Carmar Ltd are incorporated in Northern Ireland. The registered office of those entities is 17 Kilrea Road, Maghera, BT46 5SN. All companies apart from those names above are incorporated in England and Wales. The registered office of these entities is Artemis House, 6-8 Greek Street, Stockport, SK3 8AB.
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