NATIONAL GRID ELECTRICITY DISTRIBUTION (WEST MIDLANDS) PLC
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Cash
£100k
0% vs 2025
Net assets
£2.5bn
+3.2% highest in 3 filed years
Employees
2,145
+1.3% highest in 3 filed years
Profit before tax
£263m
-40.5% vs 2025
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 | £583,100,000 | £799,900,000 | £609,500,000 | -23.8% | |
| Operating profit | £297,200,000 | £518,000,000 | £332,500,000 | -35.8% | |
| Profit before tax | £226,000,000 | £441,600,000 | £262,600,000 | -40.5% | |
| Net profit | £169,200,000 | £331,300,000 | £198,800,000 | -40% | |
| Cash | £1,100,000 | £100,000 | £100,000 | 0% | |
| Total assets less current liabilities | £4,518,600,000 | £4,674,400,000 | £4,978,900,000 | +6.5% | |
| Net assets | £2,200,700,000 | £2,460,300,000 | £2,540,000,000 | +3.2% | |
| Equity | £2,200,700,000 | £2,460,300,000 | £2,539,900,000 | +3.2% | |
| Average employees | 2,046 | 2,118 | 2,145 | +1.3% | |
| Wages | £130,500,000 | £133,600,000 | — | — | |
| Directors' remuneration | £3,710,000 | £1,000,000 | £1,600,000 | +60% | |
| Directors' pension contributions | £429,000 | £179,000 | — | — | |
| Highest paid director | £1,273,000 | £1,357,000 | — | — |
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 | 51.0% | 64.8% | 54.6% | |
| Net margin | 29.0% | 41.4% | 32.6% | |
| Return on capital employed | 6.6% | 11.1% | 6.7% | |
| Gearing (liabilities / total assets) | 59.1% | 57.1% | 58.2% | |
| Current ratio | 0.33x | 0.35x | 0.34x | |
| Interest cover | 3.52x | 5.62x | 3.87x |
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 6 times since incorporation
- NATIONAL GRID ELECTRICITY DISTRIBUTION (WEST MIDLANDS) PLC 2022-09-20 → present
- WESTERN POWER DISTRIBUTION (WEST MIDLANDS) PLC 2011-04-01 → 2022-09-20
- CENTRAL NETWORKS WEST PLC 2004-04-05 → 2011-04-01
- AQUILA NETWORKS PLC 2002-05-09 → 2004-04-05
- GPU POWER NETWORKS (UK) PLC 2001-05-14 → 2002-05-09
- ENERGENT LIMITED 1998-09-07 → 2001-05-14
- FORAY 1152 LIMITED 1998-07-20 → 1998-09-07
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have concluded that the Company has sufficient resources available to enable it to continue in existence for the foreseeable future and for a period of at least 12 months from the date of signing the accounts and have therefore continued to adopt the going concern basis in preparing the financial statements.”
Group structure
- NATIONAL GRID ELECTRICITY DISTRIBUTION (WEST MIDLANDS) PLC · parent
- Central Networks Trustees Limited 100%
- Sheet Road Management Company Limited 51%
Significant events
- “On 10 July 2026, the Company issued a 9 year 5.163% fixed rate Norwegian bond of Nok 1.5bn (£114.3m).”
- “On 23 July 2026, a dividend of £105.0m has been approved by the Board.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLIS, Katie Suzanne | Secretary | 2024-05-31 | — | — |
| BEINART, Janette Carolyn Mitchell | Director | 2025-04-01 | Mar 1956 | British |
| BRANSTON, Paul | Director | 2023-12-15 | Nov 1975 | British |
| DILLON, Jennifer Ann | Director | 2024-04-01 | May 1972 | British |
| FUSSELL, Lindsey | Director | 2023-08-21 | Mar 1973 | British |
| O’HARA, Cordelia | Director | 2023-04-01 | Mar 1974 | British |
| PETTIFER, Darren | Director | 2022-08-17 | Apr 1980 | British |
| QUINN, Roisin Anne | Director | 2025-12-18 | Apr 1981 | Irish |
| SHARMA, Tanya Joy | Director | 2024-07-01 | Nov 1986 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWNE, Robert Harvey | Secretary | 1999-02-03 | 2001-12-31 |
| CLARKE, Joanna Lindsey | Secretary | 1998-07-20 | 1998-08-12 |
| COX, Mark Richard | Secretary | 2023-06-16 | 2024-05-31 |
| ELCOCK, Ian | Secretary | 2002-01-01 | 2004-01-16 |
| HAMILTON, Hugh Campbell, Mr. | Secretary | 1998-08-12 | 1999-02-03 |
| JONES, Sally Ann | Secretary | 2011-04-01 | 2023-06-16 |
| PICKERELL, Stephanie Kay | Secretary | 2004-01-16 | 2009-08-28 |
| THOMAS, Chantal | Secretary | 2009-08-28 | 2011-04-01 |
| ALLEN, Philip Gerald | Director | 2013-09-01 | 2015-02-09 |
| BACON, Donald George | Director | 2002-05-08 | 2004-01-16 |
| BARBROOK, Laura Sophie Scudamore, Dr | Director | 2022-01-31 | 2024-03-31 |
| BARTLETT, Graham John | Director | 2004-01-16 | 2007-07-04 |
| BISHOP, Philippa Lucy | Director | 2000-06-01 | 2000-08-17 |
| BRIDGEWATER, Peter Jeremy | Director | 2004-06-30 | 2006-10-02 |
| BROWNE, Robert Harvey | Director | 1999-02-03 | 2001-09-30 |
| CAMPBELL, Justine | Director | 2022-01-31 | 2024-06-30 |
| CARDEW, Anthony John | Director | 2017-03-23 | 2025-04-23 |
| CLARKE, Joanna Lindsey | Director | 1998-07-20 | 1998-08-12 |
| CRACKETT, John | Director | 2007-07-04 | 2011-04-01 |
| DAWSON, Ruth Elizabeth | Director | 1999-02-01 | 2000-06-01 |
| DOUTHWAITE, Michelle Louise | Director | 1998-08-12 | 1999-02-03 |
| ELCOCK, Ian | Director | 2003-12-11 | 2004-01-16 |
| ELCOCK, Ian | Director | 2000-11-20 | 2001-09-30 |
| FISHER, Jacqueline | Nominee Director | 1998-07-20 | 1998-08-12 |
| FLETCHER, Maurice Edwin | Director | 2011-10-31 | 2023-03-31 |
| GATTO, Salvatore Martin | Director | 2003-03-26 | 2003-11-28 |
| GOLBY, Paul, Dr | Director | 2004-01-16 | 2011-04-01 |
| HAFER, Fred D | Director | 2001-10-01 | 2002-05-08 |
| HALLADAY, Graham Roy | Director | 2019-01-14 | 2026-03-18 |
| HAMILTON, Hugh Campbell, Mr. | Director | 1998-08-12 | 1999-02-03 |
| HARRIS, David Gene | Director | 2011-04-01 | 2013-08-31 |
| HUGHES, Michael Alan, Professor | Director | 2001-05-29 | 2002-05-08 |
| JOLLES, Ira Hervey | Director | 2001-10-01 | 2001-11-07 |
| KING, Stephen Anthony | Director | 2001-05-29 | 2003-01-31 |
| KLINGENSMITH, Ricky Lee | Director | 2011-04-01 | 2015-07-16 |
| LEVY, Bruce Larry | Director | 2001-10-01 | 2001-11-07 |
| MURRAY, Roger David | Director | 2001-05-29 | 2002-05-08 |
| OOSTHUIZEN, Daniel Charl Stephanus | Director | 2011-04-01 | 2018-03-31 |
| SLEIGHTHOLM, Alison Jane | Director | 2018-04-01 | 2023-12-15 |
| SNYDER, Carole Boblitz | Director | 2001-10-01 | 2002-05-08 |
| SPENCE, William Harold | Director | 2015-07-16 | 2017-07-31 |
| SWIFT, Philip | Director | 2013-07-01 | 2023-03-31 |
| SYMONS, Robert Arthur | Director | 2011-04-01 | 2018-11-07 |
| TAYLOR, Robert | Director | 2004-01-16 | 2007-07-04 |
| TEAR, Brian Jefferson | Director | 2011-02-16 | 2011-03-03 |
| THOMPSON, Graeme Mark | Director | 2006-10-02 | 2011-04-01 |
| WATTS, Clive Royston | Director | 2014-04-01 | 2017-07-03 |
| WILLIAMS, Ian Robert | Director | 2015-03-09 | 2022-07-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Grid Electricity Distribution Network Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 236 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-15 RESOLUTIONS Resolution
- 2024-05-15 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-09 | AA | accounts | Accounts with accounts type full | |
| 2026-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-13 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-10 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-05-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-15 | MA | incorporation | Memorandum articles | |
| 2024-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.