NATIONAL GRID INTERCONNECTORS LIMITED
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Cash
—
Latest balance sheet
Net assets
£380m
-33.3% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
£72m
-13.7% lowest 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 | £179,402,000 | £147,494,000 | £127,083,000 | -13.8% | |
| Operating profit | £188,066,000 | £72,142,000 | £60,967,000 | -15.5% | |
| Profit before tax | £200,015,000 | £83,418,000 | £71,958,000 | -13.7% | |
| Net profit | £174,935,000 | £63,479,000 | £52,868,000 | -16.7% | |
| Cash | £9,898,000 | — | — | — | |
| Total assets less current liabilities | £670,269,000 | £744,723,000 | £537,853,000 | -27.8% | |
| Net assets | £506,731,000 | £568,886,000 | £379,548,000 | -33.3% | |
| Equity | £506,731,000 | £568,886,000 | £379,548,000 | -33.3% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £152,000 | £147,000 | £219,000 | +49% | |
| Directors' pension contributions | £22,000 | £23,000 | £26,000 | +13% | |
| Highest paid director | £62,000 | £57,000 | £63,000 | +10.5% |
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 | 104.8% | 48.9% | 48.0% | |
| Net margin | 97.5% | 43.0% | 41.6% | |
| Return on capital employed | 28.1% | 9.7% | 11.3% | |
| Gearing (liabilities / total assets) | 37.9% | 32.8% | 43.5% | |
| Current ratio | 2.35x | 3.45x | 1.25x | |
| Interest cover | — | 11.98x | 10.94x |
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
- NATIONAL GRID INTERCONNECTORS LIMITED 2005-07-19 → present
- NGT INTERCONNECTORS LIMITED 2005-01-14 → 2005-07-19
- EPFAL LIMITED 1997-08-05 → 2005-01-14
- INTERCEDE 1249 LIMITED 1997-06-12 → 1997-08-05
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 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.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLIS, Katie Suzanne | Secretary | 2023-11-06 | — | — |
| PISARSKI, Matthew Francis | Director | 2023-09-01 | Jan 1981 | British |
| ROME, Rob | Director | 2023-05-01 | Jun 1972 | British |
| SEDLER, Rebecca | Director | 2022-04-01 | Dec 1977 | British |
| WHYTE, Stewart William | Director | 2025-04-01 | Dec 1983 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNES, Megan | Secretary | 2018-11-30 | 2022-11-18 |
| FISHER, Yvonne Jane | Secretary | 2002-12-20 | 2004-05-28 |
| FORWARD, David Charles | Secretary | 1997-08-18 | 2013-11-30 |
| HAGAN, Lawrence | Secretary | 2017-09-25 | 2023-10-26 |
| KAY, Alison Barbara | Secretary | 2006-08-14 | 2010-03-18 |
| MORGAN, Alice Parker | Secretary | 2016-03-01 | 2018-11-30 |
| RAYNER, Heather Maria | Secretary | 2012-11-07 | 2016-03-01 |
| WHINCUP, David George | Secretary | 2014-09-10 | 2017-09-25 |
| MITRE SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-06-12 | 1997-08-18 |
| BOREHAM, Peter John | Director | 2012-09-17 | 2013-07-12 |
| BUTTERWORTH, Jonathan | Director | 2015-03-01 | 2021-05-01 |
| CHAPMAN, Andrew Brian | Director | 2006-08-14 | 2008-07-07 |
| COCKS, Simon | Director | 2006-08-14 | 2008-02-29 |
| FORWARD, David Charles | Director | 1997-08-18 | 2006-08-14 |
| GOLDING, Matthew | Director | 2012-07-17 | 2012-11-07 |
| GREEN, Paul John | Director | 2014-01-02 | 2016-02-15 |
| HERNAMAN, Paul David | Director | 2012-11-07 | 2015-03-01 |
| HOOPER, Nick | Director | 2015-03-01 | 2021-08-01 |
| HUMPHREYS, Stuart Calvin | Director | 2008-07-07 | 2012-11-07 |
| JOHNSON, Paul James | Director | 2013-07-12 | 2015-09-21 |
| KAY, Alison Barbara | Director | 2008-02-29 | 2012-09-16 |
| LALLI, Sandeep Kaur | Director | 2022-07-21 | 2023-09-01 |
| MCCORMICK, Terence | Director | 2012-11-07 | 2013-07-12 |
| MEDALOVA, Nicola Anne | Director | 2021-05-01 | 2023-04-01 |
| PETTIFER, Richard Francis | Director | 2002-12-20 | 2006-08-14 |
| PHILLIPS, Paul Nicholas | Director | 2001-10-31 | 2002-12-20 |
| RAMSAY, Charlotte Bartholomew | Director | 2015-09-21 | 2016-03-29 |
| REEVES, Barbara | Nominee Director | 1997-06-12 | 1997-08-18 |
| RICH, Michael William | Nominee Director | 1997-06-12 | 1997-08-18 |
| SANDY, Philip James | Director | 2023-09-01 | 2024-11-04 |
| SIDES, Nick | Director | 2015-03-01 | 2021-06-01 |
| SINGHAL, Aarti | Director | 2016-06-14 | 2020-06-01 |
| STEELE, Graeme Edward | Director | 2014-01-02 | 2015-03-01 |
| STEELE, Graeme Edward | Director | 2006-08-14 | 2012-07-17 |
| TALBOT, Clare Louise | Director | 1997-08-18 | 2001-10-31 |
| TAYLOR, Julie Anne | Director | 2021-08-01 | 2022-07-21 |
| WATERS, Christopher John | Director | 2013-07-12 | 2014-01-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Grid Holdings One Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-02 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-01-30 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-01-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-26 | AA | accounts | Accounts with accounts type full | |
| 2023-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | TM01 | officers | Termination director company | |
| 2022-11-22 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.