NATIONAL GRID ELECTRICITY TRANSMISSION PLC
Operating as a subsidiary of the FTSE 100-listed National Grid plc, the company owns, maintains, and operates the high-voltage electricity transmission network across England and Wales.
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Cash
£15m
0% vs 2025
Net assets
£6.4bn
+10.9% highest in 3 filed years
Employees
6,873
+22.2% highest in 3 filed years
Profit before tax
£1.4bn
+35.3% highest in 3 filed years
Net assets
3-year trend · vs 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 | £2,735,000,000 | £2,619,000,000 | £2,896,000,000 | +10.6% | |
| Operating profit | £1,648,000,000 | £1,241,000,000 | £1,573,000,000 | +26.8% | |
| Profit before tax | £1,390,000,000 | £1,031,000,000 | £1,395,000,000 | +35.3% | |
| Net profit | £1,042,000,000 | £767,000,000 | £1,022,000,000 | +33.2% | |
| Cash | £4,000,000 | £15,000,000 | £15,000,000 | 0% | |
| Total assets less current liabilities | £17,208,000,000 | £18,026,000,000 | £18,696,000,000 | +3.7% | |
| Net assets | £5,157,000,000 | £5,803,000,000 | £6,434,000,000 | +10.9% | |
| Equity | £5,157,000,000 | £5,803,000,000 | £6,434,000,000 | +10.9% | |
| Average employees | 5,328 | 5,623 | 6,873 | +22.2% | |
| Wages | £376,000,000 | £351,000,000 | £472,000,000 | +34.5% | |
| Directors' remuneration | £3,300,000 | £3,100,000 | £3,300,000 | +6.5% | |
| Directors' pension contributions | £400,000 | £200,000 | £200,000 | 0% | |
| Highest paid director | £900,000 | £1,100,000 | £1,400,000 | +27.3% |
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 | 60.3% | 47.4% | 54.3% | |
| Net margin | 38.1% | 29.3% | 35.3% | |
| Return on capital employed | 9.6% | 6.9% | 8.4% | |
| Gearing (liabilities / total assets) | 72.6% | 71.6% | 73.4% | |
| Current ratio | 0.80x | 0.61x | 0.33x | |
| Interest cover | 4.96x | 4.35x | 7.32x |
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 2 times since incorporation
- NATIONAL GRID ELECTRICITY TRANSMISSION PLC 2005-07-26 → present
- NATIONAL GRID COMPANY PLC 2002-10-21 → 2005-07-26
- THE NATIONAL GRID COMPANY PLC 1989-04-01 → 2002-10-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “In 2025/26, we made final determinations for medium sized infrastructure projects (MSIPs) and the Electricity Transmission Control Centre (ETCC) project, with £375 million of funding awarded to deliver these schemes.”
- “In 2025/26, we established a skills collaboration with SSEN, Scottish Power and SP Energy Networks, to develop talent for the industry, attract talent to the sector, set skills standards, and work with industry partners to close key skills gaps.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 64 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLIS, Katie Suzanne | Secretary | 2023-11-06 | — | — |
| BENNETT, Christopher Paul | Director | 2016-06-25 | Jun 1971 | British |
| BRAOVAC, Matthew Simon | Director | 2025-08-01 | Feb 1973 | British |
| DELAHUNTY, Alice Kyne | Director | 2020-12-14 | Apr 1981 | British |
| GROGAN, Niamh Mary | Director | 2026-02-01 | Jun 1968 | Irish |
| LEWIS, Alexandra Morton | Director | 2018-04-13 | Jan 1972 | British |
| LONG, Jeremy Paul Warwick | Director | 2022-03-17 | Mar 1953 | British |
| SHEPPARD, Philip Graham | Director | 2021-08-01 | May 1964 | British |
| THAKRAR, Sandip | Director | 2023-11-17 | Nov 1980 | British |
| TROWELL, Carl Geoffrey | Director | 2023-05-29 | Feb 1969 | British |
Show 64 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 |
| DREW, Richard Keith | Secretary | — | 1996-06-30 |
| GOODBAN, Derek John | Secretary | 2019-02-07 | 2023-03-02 |
| HAGAN, Lawrence | Secretary | 2018-02-07 | 2023-10-26 |
| KAY, Alison Barbara | Secretary | 2014-09-12 | 2015-02-11 |
| KAY, Alison Barbara | Secretary | 2000-02-04 | 2008-02-18 |
| KENWARD, Sally | Secretary | 2023-10-26 | 2023-11-06 |
| MAHY, Helen Margaret | Secretary | 2008-02-18 | 2009-09-10 |
| MUNSEY, Jonathan Ross | Secretary | 2010-09-21 | 2012-05-22 |
| SMITH, Fiona Brown | Secretary | 1996-07-01 | 2000-02-04 |
| AGG, Andrew Jonathan | Director | 2013-06-01 | 2018-04-13 |
| BANKS, John Hartley | Director | — | 1991-12-31 |
| BELL, Catherine Elisabeth Dorcas, Dr | Director | 2014-04-01 | 2019-06-21 |
| BOX, Stephen John | Director | 1997-08-04 | 2002-10-21 |
| BUCK, Colin | Director | 2001-01-02 | 2002-10-21 |
| BURRARD-LUCAS, Stephen Charles | Director | 2003-03-12 | 2007-07-13 |
| CALVIOU, Michael Colin | Director | 2014-10-01 | 2015-09-24 |
| CAMPBELL, Justine | Director | 2023-02-24 | 2024-06-30 |
| CHAPMAN, Andrew Brian | Director | 2004-11-24 | 2008-07-07 |
| CHEFNEUX, Eric William | Director | — | 1995-12-31 |
| CHILDS, Dawn Elizabeth | Director | 2019-12-10 | 2021-05-31 |
| COOPER, Malcolm Charles | Director | 2007-07-13 | 2016-01-01 |
| DAVIES, Charles Henry | Director | 2000-02-04 | 2002-10-21 |
| ELPHICK, Clive Harry, Dr | Director | 2014-04-01 | 2022-03-17 |
| ELSEY, Dennis Henry | Director | 2000-02-04 | 2001-01-02 |
| FAIRBAIRN, Mark Robert | Director | 2007-07-13 | 2011-03-25 |
| FAIRCLOTH, Robert Frederick William | Director | 1995-10-01 | 1995-11-17 |
| FOSTER, Alan Peter | Director | 2016-01-01 | 2020-07-21 |
| FOWKES, Arthur Raymond | Director | — | 1992-12-31 |
| GERRETSEN, Wolbert | Director | 1995-10-01 | 2000-02-04 |
| GIBSON, Colin Mcdougall | Director | 1993-01-01 | 1997-01-31 |
| GORMLY, Allan Graham | Director | 1994-08-02 | 1995-04-06 |
| GRANT, John Albert Martin | Director | 1995-10-01 | 1995-11-17 |
| HATCH, John Vaughan | Director | — | 1995-11-17 |
| HATCH, John Vaughan | Director | — | 1993-03-19 |
| HOLLIDAY, Steven John | Director | 2001-03-30 | 2007-07-13 |
| HORLOCK, John Harold, Professor | Director | — | 1994-07-31 |
| HUMPHREYS, Stuart Calvin | Director | 2008-07-07 | 2013-05-31 |
| JEFFERIES, David George | Director | — | 1996-03-30 |
| JONES, David Harold | Director | 1994-01-01 | 2001-03-31 |
| KERSS, William | Director | — | 1994-03-31 |
| MAVOR, Jeremy Charles | Director | 2024-07-01 | 2025-08-01 |
| MOORE, Neil | Director | 2002-10-21 | 2004-11-24 |
| MURRAY, Christopher John | Director | 2016-02-11 | 2016-07-27 |
| O'HARA, Cordelia | Director | 2015-09-24 | 2017-07-16 |
| PETTIFER, Darren | Director | 2021-08-01 | 2022-08-01 |
| PETTIGREW, John Mark | Director | 2012-09-17 | 2016-02-11 |
| RIPLEY, Mark Guy | Director | 2014-10-01 | 2016-06-24 |
| ROBINSON, Walter Trevor | Director | — | 1995-11-17 |
| ROSS, Cathryn | Director | 2019-06-21 | 2026-01-31 |
| SHAW, Lucy Nicola | Director | 2016-07-27 | 2021-11-22 |
| SHEPPARD, Philip Graham | Director | 2017-07-17 | 2018-02-07 |
| SLYE, Fintan Charles | Director | 2018-02-07 | 2019-03-31 |
| TODD, Alistair Mark | Director | 2020-04-30 | 2021-08-01 |
| URWIN, Roger John, Dr | Director | 1995-09-30 | 2006-12-31 |
| UTIGER, Ronald Ernest | Director | — | 1995-07-27 |
| UTTLEY, John Richard | Director | — | 1997-06-30 |
| WHITTAKER, Paul Frederick Garry | Director | 2007-07-13 | 2014-09-30 |
| WILLIAMSON, George Malcolm | Director | 1995-08-01 | 1995-11-17 |
| WILSON, Benjamin Hollis | Director | 2021-11-22 | 2023-02-01 |
| WINSER, Nicholas Paul | Director | 2003-04-28 | 2015-07-01 |
| WRIGHT, David Richard John | Director | 2014-10-01 | 2020-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Grid Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-16 | Active |
Filing timeline
Last 20 of 407 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-08-09 | AA | accounts | Accounts with accounts type group | |
| 2026-08-07 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-02-16 | CH01 | officers | Change person director company with change date | |
| 2026-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-25 | AA | accounts | Accounts with accounts type group | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-28 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 1
- 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.