UK POWER NETWORKS (TRANSPORT) LIMITED
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Cash
£30m
+4,527% highest in 3 filed years
Net assets
£31m
-0.9% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
£126k
-75.8% first positive since 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The Company ceased trading on 31 December 2025 and the directors have concluded that the Company will not resume operations. Accordingly, the going concern basis of accounting is inappropriate, and the financial statements have been prepared on a basis other than going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Consumer Discretionary 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 | £41,242,000 | £45,584,000 | £34,872,000 | -23.5% | |
| Operating profit | -£497,000 | £1,110,000 | £966,000 | -13% | |
| Profit before tax | -£771,000 | £520,000 | £126,000 | -75.8% | |
| Net profit | -£115,000 | £268,000 | -£276,000 | -203% | |
| Cash | £1,228,000 | £659,000 | £30,492,000 | +4,527% | |
| Total assets less current liabilities | £31,148,000 | £31,416,000 | £31,140,000 | -0.9% | |
| Net assets | £31,148,000 | £31,416,000 | £31,140,000 | -0.9% | |
| Equity | £31,148,000 | £31,416,000 | £31,140,000 | -0.9% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £0 | — |
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 | -1.2% | 2.4% | 2.8% | |
| Net margin | -0.3% | 0.6% | -0.8% | |
| Return on capital employed | -1.6% | 3.5% | 3.1% | |
| Gearing (liabilities / total assets) | 39.0% | 55.6% | 4.7% | |
| Current ratio | 0.36x | 0.29x | 21.38x | |
| Interest cover | -1.58x | 1.57x | 0.85x |
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
- UK POWER NETWORKS (TRANSPORT) LIMITED 2010-11-01 → present
- EDF ENERGY (TRANSPORT SERVICES) LIMITED 2003-06-30 → 2010-11-01
- LONDON ELECTRICITY TRANSPORT SERVICES LIMITED 1994-01-26 → 2003-06-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The Company ceased trading on 31 December 2025 and the directors have concluded that the Company will not resume operations. Accordingly, the going concern basis of accounting is inappropriate, and the financial statements have been prepared on a basis other than going concern.”
Significant events
- “The Company ceased trading on 31 December 2025, and no further trading activities have taken place since that date or are expected to take place and the Company is expected to remain dormant during this period.”
- “The Company transferred its tangible fixed assets, comprising the vehicle fleet and associated equipment, to UK Power Networks (Operations) Ltd, UK Power Networks Services (Commercial) Ltd and UK Power Networks Services (Contracting) Ltd at net book value, which was considered to approximate fair value.”
- “On 25 February 2026, the shareholders of UK Power Networks Holdings Limited, the Company's ultimate parent undertaking, entered into a share purchase agreement to sell their interest in that company to Engie UK 2026 Limited... The transaction completed on 7 May 2026, at which point Engie S.A. became the ultimate controlling party of the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PACE, Andrew Charles | Secretary | 2018-04-30 | — | — |
| SCARSELLA, Basil | Director | 2010-10-29 | Sep 1955 | Australian |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Christopher | Secretary | 2010-10-29 | 2017-11-23 |
| BLACKBURN, William Nathan | Secretary | 2017-11-23 | 2018-04-30 |
| DAVIES, Dunstana Adeshola | Secretary | 1994-01-26 | 1994-07-15 |
| HIGSON, Robert Ian | Secretary | 1998-11-02 | 2009-09-17 |
| ROBERTSON, Andrew Bruce | Secretary | 1997-01-31 | 1997-09-30 |
| ROBERTSON, Andrew Bruce | Secretary | 1994-07-15 | 1994-09-27 |
| SIGLEY, Angela | Secretary | 1994-09-27 | 1997-01-31 |
| SOUTO, Joe | Secretary | 2009-09-17 | 2010-10-29 |
| WHITTAKER, Andrew James | Secretary | 1997-09-30 | 1998-11-02 |
| BARNES, Ronald | Director | 1994-02-25 | 1999-05-31 |
| BOTT, Stephen John | Director | 1998-02-06 | 2003-04-01 |
| CADOUX HUDSON, Humphrey Alan Edward | Director | 2003-04-01 | 2009-04-01 |
| CHAN, Loi Shun | Director | 2012-09-10 | 2026-05-07 |
| COLLISON, David | Director | 1998-02-06 | 1999-08-31 |
| CUTTILL, Paul Andrew | Director | 1999-05-31 | 2008-06-10 |
| FERRARI, Laurent | Director | 2008-09-01 | 2010-10-29 |
| GAJADHARSINGH, Anthony George | Director | 1996-05-02 | 1996-09-06 |
| HARPLEY, Richard Martin | Director | 2010-10-20 | 2010-10-29 |
| HUNTER, Andrew John | Director | 2010-10-29 | 2026-05-07 |
| KUSTERER, Thomas Andreas | Director | 2009-04-01 | 2010-10-29 |
| MCGEE, Neil Douglas | Director | 2010-10-29 | 2012-09-10 |
| ROBERTSON, Andrew Bruce | Director | 1994-04-13 | 1997-09-30 |
| SAUNDERS, Malcolm Waters | Director | 1994-01-26 | 1994-02-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Uk Power Networks Services Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 161 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-05-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | CH01 | officers | Change person director company with change date | |
| 2025-08-15 | AA | accounts | Accounts with accounts type full | |
| 2025-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-23 | AA | accounts | Accounts with accounts type full | |
| 2024-06-12 | CH01 | officers | Change person director company with change date | |
| 2024-06-12 | CH01 | officers | Change person director company with change date | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-25 | CH01 | officers | Change person director company with change date | |
| 2023-09-14 | CH01 | officers | Change person director company with change date | |
| 2023-08-24 | AA | accounts | Accounts with accounts type full | |
| 2023-08-16 | CH01 | officers | Change person director company with change date | |
| 2023-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.