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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