eEnergy Group
EAAS · AIM · Industrial Goods and Services · mcap £1.1m · 0.3p 3 open situations →
- EV
- £11.1m
- EV / EBIT
- 88.0x
- Net debt
- £1.5m
- FCF yield
- -40.6%
- Revenue
- £30.8m
- Share price 1y
- −94%
- Insiders 12m
- no deals
- Next report
- around 29 Apr
Open · 3
Working capital funding for solar programme
Mace payment delays strained creditor payments, and on 2 Oct 2026 the company set a c.£6.3m placing and subscription at 0.3p. The retail offer on 6 Oct 2026 lifted the total to c.£8.3m. On 16 Oct 2026 the board urged shareholders to vote, calling the raise imperative to keep the company solvent; failure would force a going-concern review. Vote on 23 Oct 2026.
- Broker
- Canaccord Genuity Limited arranging the placing 30 Sep 2026 ↗
- Dilution
- New shares are c.88% of enlarged share capital, assuming the retail offer is taken up in full 2 Oct 2026 ↗
- Related parties
- Harwood Capital subscribes £1.5m; Dr Nigel Burton £250,000; Harwood loan interest stops from the general meeting 2 Oct 2026 ↗
- Size
- £8.3m gross: Placing, Subscription and Retail Offer 16 Oct 2026 ↗
- Board view
- Fundraising critical to keep the Company solvent and bring creditors up to date 16 Oct 2026 ↗
- If rejected
- Fundraising cannot complete; urgent review of financial position and going concern 16 Oct 2026 ↗
- 16 Oct 2026 Awaiting shareholder vote; board urging approval
- 6 Oct 2026 Retail offer done; trading restored; vote pending
- 2 Oct 2026 Placing agreed; retail offer terms to follow
- 30 Sep 2026 Placing being arranged; shares suspended
CEO succession
CEO Sinclair left in May 2026 and CFO Gahan became interim CEO. Chair and directors then resigned, leaving a three-person Board under new Chairman Samuel. The June 2026 restructuring cuts costs by c.£2.0m annualised, with a £0.5m charge in H1, and the management team falls from 10 to 5.
- Terms
- Departure by mutual agreement; no reason stated 18 May 2026 ↗
- Next milestone
- Further announcement on permanent CEO in due course; no date given 18 May 2026 ↗
- Cost saving
- circa £2.0m annualised; about 50% of adjusted operating costs 3 Aug 2026 ↗
- Restructuring charge
- £0.5m in H1-26 3 Aug 2026 ↗
- Pipeline review
- investment grade opportunities cut to £66m from £127m 22 Jun 2026 ↗
- Permanent CEO
- search continues; no date given 3 Aug 2026 ↗
Next: permanent CEO appointment; further non-executive appointment
- 3 Aug 2026 Restructuring largely done; Board cut to three
- 22 Jun 2026 Interim CEO restructuring costs
- 18 May 2026 Interim CEO in place; search under way
NHS EPC funding solution rollout
- 23 Jan 2026 First EPC secured; wider NHS opportunity
- 22 Jan 2026 First EPC awarded; new product launched
Closed · 2
Company filings. Not investment advice.