Chief executive Stephen Fitzpatrick, 41, founded this energy provider in 2009 and it now supplies more than 1.5m households nationwide. Mitsubishi acquired a 20% stake in the Bristol company in February, valuing it at about £1bn. The cash injection will accelerate Ovo’s international expansion as well as the development of its technology for electric-vehicle charging and energy storage.

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Company details
Year2019
Rank85
CompanyOVO Energy
ActivityEnergy supplier
LocationBristol
Sales £m834
Profit £m19
Year endDec 17
Principal shareholdersStephen Fitzpatrick (60%), Mitsubishi Corporation (20%), Mayfair Private Equity (10%), others (10%)
Staff1,263
Founded2009
Websitewww.ovoenergy.com

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* Supplied by company † Annualised figure