NATIONAL GAS TRANSMISSION PLC
Formerly known as National Grid Gas plc, this consortium-owned public limited company serves as the main operating entity of the National Gas group, owning and operating Great Britain's high-pressure gas National Transmission System.
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Cash
£34m
-8.1% vs 2025
Net assets
£3.8bn
-0.4% vs 2025
Employees
2,242
0% vs 2025
Profit before tax
£713m
+0.6% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-08-15.
Net assets
3-year trend · vs Utilities median
NATIONAL GAS TRANSMISSION PLC·Utilities median
NATIONAL GAS TRANSMISSION PLC·Utilities median
NATIONAL GAS TRANSMISSION PLC·Utilities median
NATIONAL GAS TRANSMISSION PLC·Utilities median
NATIONAL GAS TRANSMISSION PLC·Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,718,000,000 | £1,531,000,000 | £1,625,000,000 | +6.1% | |
| Operating profit | £594,000,000 | £595,000,000 | £690,000,000 | +16% | |
| Profit before tax | £710,000,000 | £709,000,000 | £713,000,000 | +0.6% | |
| Net profit | £531,000,000 | £515,000,000 | £533,000,000 | +3.5% | |
| Cash | £33,000,000 | £37,000,000 | £34,000,000 | -8.1% | |
| Total assets less current liabilities | £9,021,000,000 | £8,735,000,000 | £8,321,000,000 | -4.7% | |
| Net assets | £3,763,000,000 | £3,782,000,000 | £3,767,000,000 | -0.4% | |
| Equity | £3,763,000,000 | £3,782,000,000 | £3,767,000,000 | -0.4% | |
| Average employees | 2,254 | 2,242 | 2,242 | 0% | |
| Wages | £125,000,000 | £134,000,000 | £153,000,000 | +14.2% | |
| Directors' remuneration | £1,300,000 | £1,300,000 | £1,200,000 | -7.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 34.6% | 38.9% | 42.5% | |
| Net margin | 30.9% | 33.6% | 32.8% | |
| Return on capital employed | 6.6% | 6.8% | 8.3% | |
| Gearing (liabilities / total assets) | 63.0% | 61.5% | 59.7% | |
| Current ratio | 3.41x | 3.62x | 3.35x | |
| Interest cover | 3.09x | 3.08x | 3.52x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 5 times since incorporation
- NATIONAL GAS TRANSMISSION PLC 2023-02-06 → present
- NATIONAL GRID GAS PLC 2005-10-10 → 2023-02-06
- TRANSCO PLC 2000-10-23 → 2005-10-10
- BG TRANSCO PLC 1999-12-13 → 2000-10-23
- BG PUBLIC LIMITED COMPANY 1997-02-17 → 1999-12-13
- BRITISH GAS PUBLIC LIMITED COMPANY 1986-04-01 → 1997-02-17
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“We have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- NATIONAL GAS TRANSMISSION PLC · parent
- Lupristar Ventures S.à r.l 80.04%
- Venture Holdings S.à r.l 19.96%
- NGR Infrastructure I Limited
- National Gas Distribution Limited
- National Gas Transmission Pipeline Systems Limited
- National Gas Properties Limited
- National Gas Transmission Holding I Limited
- National Gas Holdings Limited
- National Gas Finance plc
- Premtech Limited
- National Gas Metering Limited
- National Gas Transmission Pension Trustee Limited
- PBHMA European Capacity Platform GmbH 10%
- Joint Radio Company Limited 25%
- SGN Commercial Services Limited 100%
- Unigrid Limited 17%
Significant events
- “We were delighted to welcome the announcement on 19 July 2024 that Ofgem, the energy regulator, had granted our request for an early view of the baseline funding of £2.8bn.”
- “In July 2024, we received our Draft Determination (DD) response to our RIIO-GT3 business plan submission with Ofgem granting baseline funding of £2.8bn.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 100 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BERNSAND, Charlotta Sofia | Secretary | 2022-11-18 | — | — |
| BYRNE, David | Secretary | 2022-06-23 | — | — |
| AUER, Liam Patrick | Director | 2025-01-06 | May 1989 | Australian |
| BUTTERWORTH, Jonathan | Director | 2021-05-01 | Jun 1962 | British |
| DELA CRUZ, Jenny Lyn | Director | 2024-01-29 | Dec 1990 | Canadian |
| DIVOKY, Jerry James | Director | 2023-01-31 | Aug 1966 | Canadian |
| HIGGINS, Howard Charles | Director | 2023-01-31 | Mar 1953 | British |
| HOOPER, Nick | Director | 2021-08-01 | Dec 1975 | British |
| MATHIESON, Mark William | Director | 2023-01-31 | Sep 1966 | British |
| PRICE, William David George | Director | 2023-01-31 | Sep 1984 | British |
| QURESHI, Abdul Moiz | Director | 2023-07-21 | Aug 1986 | Canadian,Pakistani |
| ROSS, Cathryn | Director | 2019-06-21 | Apr 1972 | British |
| RUSSELL, Mark Francis | Director | 2024-07-01 | May 1960 | British |
| WATSON, Robin | Director | 2025-02-05 | Feb 1967 | British |
Show 100 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNS, Clive | Secretary | 2014-09-12 | 2015-02-11 |
| CLAYTON, Karen Ann | Secretary | 2009-09-10 | 2014-09-12 |
| DAVIDSON, Rachael Jennifer | Secretary | 2015-02-11 | 2018-03-28 |
| GOODBAN, Derek John | Secretary | 2019-02-07 | 2021-11-05 |
| HAGAN, Lawrence | Secretary | 2018-02-07 | 2022-11-18 |
| JACKSON, John Henry | Secretary | — | 1997-02-12 |
| KAY, Alison Barbara | Secretary | 2014-09-12 | 2015-02-11 |
| KAY, Alison Barbara | Secretary | 2002-10-21 | 2008-02-18 |
| MAHY, Helen Margaret | Secretary | 2008-02-18 | 2009-09-10 |
| MAHY, Helen Margaret | Secretary | 2002-03-31 | 2002-10-21 |
| MUNSEY, Jonathan Ross | Secretary | 2010-09-21 | 2012-05-22 |
| PATIENCE, Donald William John | Secretary | 1997-02-12 | 2002-03-31 |
| TOMLINSON, Mark | Secretary | 2021-11-05 | 2022-05-19 |
| AGG, Andrew Jonathan | Director | 2013-06-01 | 2018-04-13 |
| AGOUMI, Mia | Director | 2023-01-31 | 2024-03-11 |
| AINGER, Stephen David | Director | 1999-12-13 | 2001-11-12 |
| ALLSOPP, Julian Peter | Director | 2013-06-01 | 2016-10-01 |
| BELL, Catherine Elisabeth Dorcas, Dr | Director | 2014-04-01 | 2019-06-21 |
| BENDING, Jeremy Brice | Director | 2012-09-17 | 2013-07-01 |
| BENNETT, Christopher Paul | Director | 2016-06-25 | 2021-09-10 |
| BENSON, David Holford | Director | — | 1999-12-13 |
| BLACKER, Norman | Director | — | 1995-11-10 |
| BOISSIER, Roger Humphrey | Director | — | 1996-04-30 |
| BOLT, Christopher Wesley | Director | 1999-12-13 | 2002-10-21 |
| BRANDON, Stephen John | Director | 1995-08-14 | 1999-12-13 |
| BROWN, Cedric Harold | Director | — | 1996-04-30 |
| BUCK, Colin | Director | 2002-10-21 | 2006-06-30 |
| BURRARD-LUCAS, Stephen Charles | Director | 1999-12-13 | 2007-06-27 |
| CALVIOU, Michael Colin | Director | 2014-10-01 | 2015-09-24 |
| CHAPMAN, Andrew Brian | Director | 2007-06-27 | 2008-07-07 |
| CHAPMAN, Frank Joseph | Director | 1997-02-17 | 1999-12-13 |
| CHILDS, Dawn Elizabeth | Director | 2019-12-10 | 2021-05-31 |
| COLES, Arthur John, Sir | Director | 1998-03-01 | 1999-12-13 |
| COOPER, Malcolm Charles | Director | 2007-06-27 | 2016-01-01 |
| COOPER, Malcolm Charles | Director | 1999-12-13 | 2000-10-23 |
| DALTON, Howard William | Director | — | 1995-12-31 |
| DICKIE, Kylee Marie | Director | 2023-01-31 | 2024-03-11 |
| EILLEDGE, Elwyn Owen Morris | Director | 1997-02-17 | 1999-12-13 |
| ELPHICK, Clive Harry, Dr | Director | 2014-04-01 | 2023-01-31 |
| EVANS, Robert | Director | — | 1993-12-31 |
| FAIRBAIRN, Mark Robert | Director | 2003-06-01 | 2011-03-25 |
| FARKAS, David | Director | 2024-10-21 | 2025-02-28 |
| FITZGERALD, Emma | Director | 2013-07-01 | 2015-04-30 |
| FOSTER, Alan Peter | Director | 2016-01-01 | 2020-07-21 |
| FRIEDRICH, William Michael | Director | 1999-12-13 | 2000-07-31 |
| GARDNER, Roy Alan, Sir | Director | 1994-11-14 | 1997-02-17 |
| GIORDANO, Richard Vincent | Director | 1993-12-01 | 1999-12-13 |
| HAMPSON, Christopher | Director | 1997-10-09 | 1999-12-13 |
| HAMPTON, Philip Roy | Director | 1996-07-25 | 2000-10-23 |
| HERBERT, Russell | Director | — | 1995-10-16 |
| HOLLIDAY, Steven John | Director | 2002-10-21 | 2007-06-27 |
| HUMPHREYS, Stuart Calvin | Director | 2008-07-07 | 2013-05-31 |
| HUMPHRIES-NEW, Natalie | Director | 2023-01-31 | 2024-09-26 |
| JONES, Eric Paul | Director | 1999-12-13 | 2000-10-23 |
| KALMS, Harold Stanley, Lord | Director | — | 1997-02-17 |
| KEELING, Timothy | Director | 2023-03-04 | 2023-11-30 |
| KELLY, Rhian Catriona | Director | 2023-01-31 | 2024-03-11 |
| LE FEVRE, Christopher Nelson | Director | 1999-12-13 | 2002-01-15 |
| LEWIS, Alexandra Morton | Director | 2018-04-13 | 2023-01-31 |
| MACKRELL, Keith Ashley Victor | Director | 1994-06-13 | 1999-12-13 |
| MANN, Patricia Kathleen Randall | Director | 1995-12-11 | 1997-02-17 |
| MATTHEWS, Colin Stephen | Director | 2001-11-12 | 2002-10-20 |
| MOULSON, Roger Harry | Director | 1996-01-01 | 1996-11-12 |
| MURRAY, Christopher John | Director | 2016-02-11 | 2016-07-27 |
| MURRAY, Christopher John | Director | 2005-06-01 | 2007-06-27 |
| NOLAN, Philip Michael Gerard | Director | 2023-01-31 | 2025-12-31 |
| NOLAN, Philip, Doctor | Director | 1998-07-01 | 2001-12-31 |
| O'HARA, Cordelia | Director | 2015-09-24 | 2017-07-16 |
| O'SULLIVAN, James Christopher | Director | 2002-10-21 | 2005-07-31 |
| PARKER, Thomas John, Sir | Director | 1997-02-17 | 1999-12-13 |
| PERRY, Michael Sydney, Sir | Director | 1994-06-13 | 1997-02-17 |
| PETTIGREW, John Mark | Director | 2011-04-01 | 2016-02-11 |
| PHAM, Nghi Do Truong | Director | 2023-03-04 | 2023-07-21 |
| PLATT, Beryl Catherine, The Baroness Platt Of Writtle | Director | — | 1994-12-31 |
| PROBERT, William Ronald | Director | — | 1993-06-30 |
| PULLEN, Neil James | Director | 2014-10-01 | 2015-09-25 |
| REES, David Rocyn | Director | 2001-11-12 | 2002-10-21 |
| RIMINGTON, Stella, Dame | Director | 1997-02-17 | 1999-12-13 |
| RIPLEY, Mark Guy | Director | 2014-10-01 | 2016-06-24 |
| ROGERSON, Philip Graham | Director | — | 1998-02-20 |
| SHAW, Lucy Nicola | Director | 2016-07-27 | 2021-11-05 |
| SHEPPARD, Philip Graham | Director | 2017-07-17 | 2021-05-01 |
| SLYE, Fintan Charles | Director | 2018-02-07 | 2020-01-01 |
| TODD, Alistair Mark | Director | 2020-04-30 | 2021-08-01 |
| TRAIN, Christopher | Director | 2015-07-01 | 2016-10-01 |
| TSIRIMPA, Aikaterini | Director | 2023-01-31 | 2024-09-26 |
| TSIRIMPA, Aikaterini | Director | 2023-01-31 | 2024-09-26 |
| URWIN, Roger John, Dr | Director | 2002-10-21 | 2006-12-31 |
| VARNEY, David Robert | Director | 1996-06-12 | 2000-10-23 |
| VERRION, Robert Edward | Director | 1999-12-13 | 2003-06-01 |
| WALKER, Peter Edward, The Rt Hon The Lord Walker Of Worcester | Director | — | 1996-04-30 |
| WALSH, Pauline Mary | Director | 2015-09-25 | 2018-03-09 |
| WEBB, Lincoln Hillier | Director | 2023-01-31 | 2024-10-21 |
| WHITTAKER, Paul Frederick Garry | Director | 2007-06-27 | 2014-09-30 |
| WILSON, Benjamin Hollis | Director | 2021-11-22 | 2024-09-26 |
| WILTSHIRE, Adam Simon | Director | 2006-06-30 | 2013-06-03 |
| WINSER, Nicholas Paul | Director | 2003-07-07 | 2015-07-01 |
| WOOLLACOTT, Paul Nicholas | Director | 1999-12-13 | 2001-11-12 |
| WRAY, Antony Paul | Director | 2001-12-11 | 2003-06-08 |
| WYBREW, John Bryan | Director | 1996-04-01 | 2002-10-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Macquarie Infrastructure And Real Assets (Europe) Limited | Corporate entity | Significant influence | 2023-01-31 | Active |
| National Gas Transmission Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 1927 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-25 MA Memorandum articles
- 2025-02-25 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-29 | AA | accounts | Accounts with accounts type group | |
| 2026-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-30 | AA | accounts | Accounts with accounts type group | |
| 2025-06-23 | MR01 | mortgage | Mortgage create with deed with charles court order extend with charge number charge creation date | |
| 2025-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-03 | CH03 | officers | Change person secretary company with change date | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-25 | MA | incorporation | Memorandum articles | |
| 2025-02-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-05 | CH01 | officers | Change person director company with change date | |
| 2025-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-23 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.