Great British Billion-Pound Businesses
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Stephen Fitzpatrick
Ovo
£5.0 billion

Stephen Fitzpatrick
Job Title
Owner
Founding Age
32
Current Age
47
Education Level
University of Edinburgh, Masters in finance & business
Previous Profession
Entrepreneur
Social Media Profile
LinkedIn
Ovo
Industry
Utilities
Revenue
£8.2bn
Profit
£64m
Founded
2009
HQ
Bristol, UK
Website
ovoenergy.com
Belfast-born Fitzpatrick set up Ovo in 2009 after working in banking. Buying the retail supply arm of SSE 11 years later turned his green-energy minnow into one of Britain’s leading energy companies with more than four million customers. Annual profits at the Bristol-based provider have now surged to more than £1bn. The Ulsterman’s other large venture, Vertical Aerospace, has yet to take flight. Shares in the aerial taxi start-up have lost almost all of their value since floating on the US stock market in 2021. But long-awaited regulatory approval for the company’s VX4 aircraft could transform city skylines… and the share price.
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