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NORTHERN POWERGRID (NORTHEAST) PLC

Operating as a distribution network operator for North East England, the public limited company is a subsidiary of Berkshire Hathaway Energy responsible for delivering electricity from the national transmission system to domestic and commercial customers.

#02906593 · Active · Group / consolidated · Incorporated 1994-03-09 (32y 4m) · Last filing 2026-05-15 (2mo ago)
Utilities · SIC 35130 · D Electricity, Gas, Steam & Air Conditioning Supply · Group accounts
Accounts due 2027-06-30 (in 12 months) · Confirmation due 2027-03-23 (in 9 months) · 1 watchout

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Cash

—

Latest balance sheet

Net assets

-£1.1B

+4% highest in 3 filed years

Employees

1,549

+6.8% highest in 3 filed years

Profit before tax

£147M

-37.7% vs 2024

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £435,747,000£536,365,000£457,900,000 -14.6%
Operating profit £166,006,000£264,107,000£183,313,000 -30.6%
Profit before tax £145,655,000£235,813,000£146,794,000 -37.7%
Net profit £113,610,000£177,876,000£111,742,000 -37.2%
Cash £23,000£0— —
Total assets less current liabilities —£3,114,904,000£3,333,816,000 +7%
Net assets -£1,318,871,000-£1,196,747,000-£1,148,489,000 +4%
Equity -£1,318,871,000-£1,196,747,000-£1,148,489,000 +4%
Average employees 1,3431,4511,549 +6.8%
Wages £67,670,000£77,219,000£89,582,000 +16%
Directors' remuneration £882,000£635,000£713,000 +12.3%

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 2023-12-312024-12-312025-12-31
Operating margin 38.1%49.2%40.0%
Net margin 26.1%33.2%24.4%
Return on capital employed —8.5%5.5%
Gearing (liabilities / total assets) 138.8%136.1%132.3%
Current ratio 1.91x0.78x—
Interest cover 4.92x7.89x4.73x

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 3 times since incorporation

  1. NORTHERN POWERGRID (NORTHEAST) PLC 2020-06-03 → present
  2. NORTHERN POWERGRID (NORTHEAST) LIMITED 2011-10-28 → 2020-06-03
  3. NORTHERN ELECTRIC DISTRIBUTION LIMITED 1994-08-11 → 2011-10-28
  4. PETUNIA LIMITED 1994-03-09 → 1994-08-11

Audit & accounting basis

Accounting basis
IFRS
Reporting scope
Consolidated group
Auditor
KPMG LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“Consequently, after making their assessment, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

  1. NORTHERN POWERGRID (NORTHEAST) PLC · parent
    1. Northern Electric Finance plc 100% · England and Wales · Finance company
    2. ElectraLink Limited 6.2% · England and Wales · Data transfer network operator
    3. DCUSA Limited 1.69% · England and Wales · Governance of Distribution Connection and Use of System Agreement
    4. Smart Energy Code Company Ltd 32% · Governance of smart metering energy agreement

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

7 active · 20 resigned

Name Role Appointed Born Nationality
RILEY, Jennifer Catherine Secretary 2017-01-20 — —
FRANCE, Thomas Hugh Director 2016-12-15 Jan 1985 British
JONES, Alexander Patrick Director 2022-04-14 Aug 1985 British
JONES, Philip Antony, Dr Director 2002-11-12 Oct 1968 British
MACLENNAN, Andrew John Director 2015-07-17 Mar 1967 British
MARSHALL, Alison Ruth Director 2014-04-01 Jan 1965 British
TAYLOR, Philip Charles, Professor Director 2014-04-01 Oct 1970 British
Show 20 resigned officers
Name Role Appointed Resigned
ELLIOTT, John Secretary 2001-04-06 2017-01-20
GILES, Gail Valerie Secretary 1994-10-04 2001-04-06
DICKINSON DEES Corporate Nominee Secretary 1994-03-09 1994-10-04
ABEL, Gregory Edward Director 1997-01-28 2009-10-16
BARNETT, John Philip Director 2012-04-01 2015-08-13
CARE, Timothy James Nominee Director 1994-03-09 1994-10-04
CONNOR, Phillip Eric Director 1999-06-15 2009-10-16
DIXON, Ronald Director 2003-10-24 2017-10-26
EDWARDS, John Frederick Director 1995-08-11 1997-03-31
FIELDEN, Thomas Edward Director 2009-10-16 2021-02-15
FLYNN, Gary Aidan Director 2002-11-12 2006-09-15
FRANCE, John Martin, Dr Director 2001-09-18 2018-04-05
GILL, Nicholas Michael Director 2006-11-17 2019-04-30
GROVES, Alan Director 1994-10-04 1995-08-11
HADFIELD, Antony Director 1994-10-04 1997-01-28
HOOK, George William Hunter Director 1994-10-04 1996-06-28
HORSLEY, Mark John Director 2002-09-05 2006-10-31
LINGE, Kenneth Director 1997-03-31 2009-10-16
STALLMEYER, James Duncan Director 2001-09-18 2005-08-26
SWAN, David Malcolm Director 1994-10-04 2001-01-31

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Northern Electric Plc Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 162 total filings

Date Type Category Description
2026-05-15 AA accounts Accounts with accounts type group
2026-03-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-09-15 AD03 address Move registers to sail company with new address PDF
2025-09-15 AD02 address Change sail address company with new address PDF
2025-06-18 AA accounts Accounts with accounts type group
2025-03-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-10-09 AUD auditors Auditors resignation company
2024-09-16 AUD auditors Auditors resignation company
2024-05-17 AA accounts Accounts with accounts type group
2024-03-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-05-12 AA accounts Accounts with accounts type group
2023-03-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-05-27 AA accounts Accounts with accounts type group
2022-04-21 AP01 officers Appoint person director company with name date PDF
2022-03-09 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-06-11 AA accounts Accounts with accounts type group
2021-03-09 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-02-26 CH01 officers Change person director company with change date PDF
2021-02-16 TM01 officers Termination director company with name termination date PDF
2020-11-13 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page