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Ovo Energy handed founder £27m despite doubts over future
Yahoo Finance· 2025-10-25 16:19
Ovo pays Stephen Fitzpatrick vast sums each year for the right to use his brand - Aaron M Sprecher/Bloomberg Ovo Energy paid out £27m to a company owned by its millionaire founder last year, despite warning over its ability to stay afloat. Britain’s fourth-largest gas and electricity supplier transferred the funds to Imagination Industries, an investment vehicle controlled by energy tycoon Stephen Fitzpatrick. The payment was revealed in the latest accounts for Ovo, which contained an admission that a “ ...