ELEXON LIMITED
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Cash
£431m
+3.8% highest in 3 filed years
Net assets
£0
Equity attributable
Employees
311
+21.5% highest in 3 filed years
Profit before tax
£0
Period ending 2026-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £73,959,000 | £99,419,000 | £117,235,000 | £122,062,000 | £126,602,000 | +3.7% | |
| Operating profit | £2,000 | -£429,000 | -£665,000 | -£755,000 | -£885,000 | -17.2% | |
| Profit before tax | £0 | £0 | £0 | £0 | £0 | — | |
| Net profit | £0 | £0 | £0 | £0 | £0 | — | |
| Cash | — | — | £350,010,000 | £415,738,000 | £431,486,000 | +3.8% | |
| Total assets less current liabilities | — | — | £0 | £936,000 | £978,000 | +4.5% | |
| Net assets | — | — | £0 | £0 | £0 | — | |
| Equity | — | — | £0 | £0 | £0 | — | |
| Average employees | — | — | 241 | 256 | 311 | +21.5% | |
| Wages | — | — | £17,245,000 | £19,142,000 | £23,609,000 | +23.3% | |
| Directors' remuneration | — | — | £880,000 | £682,000 | £727,000 | +6.6% |
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 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | 0.0% | -0.4% | -0.6% | -0.6% | -0.7% | |
| Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Return on capital employed | — | — | — | -80.7% | -90.5% | |
| Gearing (liabilities / total assets) | — | — | 100.0% | 100.0% | 100.0% | |
| Current ratio | — | — | 1.00x | 1.00x | 1.00x |
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
- ELEXON LIMITED 2000-05-31 → present
- BSCC LIMITED 1999-07-13 → 2000-05-31
- INTERCEDE 1442 LIMITED 1999-06-04 → 1999-07-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the Directors have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due over the period of their assessment. This assessment assumes that the Company's funding model remains unchanged, and the Directors have no expectations of any change to these arrangements.”
Group structure
- ELEXON LIMITED · parent
- Elexon Clear Limited 100%
- Elexon Flex Limited 100%
- BSC Co. Limited 100%
- EMR Settlement Limited 100%
Significant events
- “In September 2025, we reached Milestone 10 of the (MHHS) Programme, Go-live for programme participants and indicating that Central systems were ready for migration.”
- “In October, at Milestones 11 and 12, migration of Metering Point Administration Numbers (MPANs) began, and as of 26 May 2026, 9.03 million MPANs, accounting for 26.8 percent of all MPANS in Great Britain have been migrated.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Nicholas | Secretary | 2010-04-24 | — | British |
| CELAL, Devrim | Director | 2023-11-01 | May 1970 | Cypriot |
| FITZPATRICK, Tim | Director | 2022-07-01 | May 1959 | British |
| GRAVES, Ian Robert | Director | 2023-01-01 | Apr 1972 | British |
| HEAL, Anne Elizabeth | Director | 2017-10-01 | Oct 1962 | British |
| STANLEY, Peter Leonard | Director | 2023-10-01 | Feb 1967 | British |
| TITTERTON, David George | Director | 2019-03-01 | Feb 1960 | British |
| VAUGHAN, Sara Lyn | Director | 2019-03-01 | May 1964 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COE, Linda Frances | Secretary | 2000-08-14 | 2002-11-27 |
| FORWARD, David Charles | Secretary | 1999-11-30 | 2000-08-14 |
| WILLIAMS, Claire Anne | Secretary | 2002-11-28 | 2010-04-23 |
| MITRE SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-06-04 | 1999-11-30 |
| BECKERS, Volker Bernd, Dr | Director | 2013-03-01 | 2019-02-28 |
| BRENDISH, Clayton Mark | Director | 2001-04-04 | 2006-04-03 |
| BYGRAVES, Mark Lindsay | Director | 2016-11-11 | 2021-10-31 |
| CHAPPELL, Alison Jane | Director | 2013-03-01 | 2019-02-28 |
| CORNWALL, Nigel Paul, Mr. | Director | 2010-10-14 | 2015-09-30 |
| CORNWALL, Nigel Paul, Mr. | Director | 2008-11-05 | 2009-11-19 |
| DAVIES, Charles Henry | Director | 1999-11-30 | 2000-08-14 |
| DUFFY, Clare | Director | 2015-11-01 | 2023-10-31 |
| DURLACHER, Nicholas John | Director | 2000-08-14 | 2010-09-30 |
| ELSEY, Dennis Henry | Director | 1999-11-30 | 2000-08-14 |
| EYRE, Sebastian Peter, Dr | Director | 2010-02-12 | 2010-09-30 |
| GIBBONS, Michael John Stanley | Director | 2013-10-01 | 2022-09-30 |
| MCCALLA, Simon James | Director | 2022-04-04 | 2023-09-04 |
| MOUSE, Yasmin Hilal | Director | 2023-01-01 | 2023-09-30 |
| NELSON, Thomas Scott | Director | 2000-08-14 | 2008-10-01 |
| PINDER, Andrew John | Director | 2010-10-01 | 2013-09-30 |
| RICH, Michael William | Nominee Director | 1999-06-04 | 1999-11-30 |
| RIGNEY, David James | Director | 2013-05-01 | 2022-07-01 |
| TEAGUE, Peter Roy | Director | 2008-10-01 | 2013-04-30 |
| THOMAS, Graham David | Director | 2000-08-14 | 2008-10-01 |
| TOZER, Jane Elizabeth | Director | 2006-04-01 | 2013-07-31 |
| VEST, Barbara Anne | Director | 2000-08-14 | 2013-03-01 |
| WARNER, William | Director | 1999-06-04 | 1999-11-30 |
| WILMOT, Gillian Caroline | Director | 2013-10-01 | 2017-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Grid Electricity System Operator Limited | Corporate entity | Shares 75–100% | 2019-04-01 | Ceased 2024-10-01 |
| National Grid Electricity Transmission Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2019-04-01 |
Filing timeline
Last 20 of 143 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-12 RESOLUTIONS Resolution
- 2024-10-12 MA Memorandum articles
- 2024-10-07 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-28 | AA | accounts | Accounts with accounts type group | |
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-25 | AA | accounts | Accounts with accounts type group | |
| 2024-10-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-12 | MA | incorporation | Memorandum articles | |
| 2024-10-07 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-10-01 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-10-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-01 | SH01 | capital | Capital allotment shares | |
| 2024-08-19 | AA | accounts | Accounts with accounts type group | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-15 | AA | accounts | Accounts with accounts type group | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-10 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- 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.