UK POWER NETWORKS (OPERATIONS) LIMITED
Part of the Paris-listed Engie group, the company operates as UK Power Networks, serving as the distribution network operator responsible for maintaining electricity infrastructure across London, the South East, and the East of England.
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Cash
—
Latest balance sheet
Net assets
£70m
-1.8% vs 2025
Employees
5,715
+2.5% highest in 3 filed years
Profit before tax
-£2.4m
-133.3% 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 | £1,364,700,000 | £1,559,200,000 | £1,627,000,000 | +4.3% | |
| Operating profit | £7,400,000 | £6,300,000 | -£3,700,000 | -158.7% | |
| Profit before tax | £12,600,000 | £7,200,000 | -£2,400,000 | -133.3% | |
| Net profit | £9,600,000 | £6,100,000 | -£1,300,000 | -121.3% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £81,100,000 | £87,700,000 | £91,600,000 | +4.4% | |
| Net assets | £65,400,000 | £71,500,000 | £70,200,000 | -1.8% | |
| Equity | £65,400,000 | £71,500,000 | £70,200,000 | -1.8% | |
| Average employees | 5,165 | 5,577 | 5,715 | +2.5% | |
| Wages | £390,800,000 | £443,700,000 | £490,200,000 | +10.5% | |
| Directors' remuneration | £2,200,000 | £2,300,000 | £2,400,000 | +4.3% | |
| Highest paid director | £2,200,000 | £2,300,000 | £2,400,000 | +4.3% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 0.5% | 0.4% | -0.2% | |
| Net margin | 0.7% | 0.4% | -0.1% | |
| Return on capital employed | 9.1% | 7.2% | -4.0% | |
| Gearing (liabilities / total assets) | 84.9% | 86.6% | 84.2% | |
| Current ratio | 1.23x | — | — | |
| Interest cover | 5.29x | 5.25x | -1.85x |
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 4 times since incorporation
- UK POWER NETWORKS (OPERATIONS) LIMITED 2010-11-01 → present
- EDF ENERGY NETWORKS LIMITED 2003-06-30 → 2010-11-01
- 24 SEVEN UTILITY SERVICES LTD. 2000-03-17 → 2003-06-30
- OAK (NETWORKS O&M) LIMITED 1999-12-15 → 2000-03-17
- ALNERY NO. 1917 LIMITED 1999-11-03 → 1999-12-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's forecasts and projections... demonstrate that the Company has adequate resources to continue operating for a period of at least 12 months from the date of the financial statements. Therefore the Directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 25 February 2026, the shareholders of UK Power Networks Holdings Limited, the Company's ultimate parent undertaking, entered into a binding agreement to sell 100% of the share capital of UK Power Networks Holdings Limited 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 Group and its subsidiaries.”
- “During the year, the Company ceased leasing its vehicle fleet and purchased vehicles previously held under operating lease arrangements from a fellow group company. Accordingly, the Company held no vehicles under lease arrangements at the balance sheet date (2025: £85.1m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PACE, Andrew Charles | Secretary | 2018-04-30 | — | — |
| CHAN, Kee Ham | Director | 2012-09-10 | Feb 1963 | British |
| CHAN, Loi Shun | Director | 2012-09-10 | Aug 1962 | Chinese |
| HUNTER, Andrew John | Director | 2010-10-29 | Oct 1958 | British |
| MCGEE, Neil Douglas | Director | 2010-10-29 | Oct 1951 | Australian |
| SCARSELLA, Basil | Director | 2010-10-29 | Sep 1955 | Australian |
Show 26 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 |
| BULLOCK, Mark William | Secretary | 1999-12-10 | 2002-12-20 |
| HIGSON, Robert Ian | Secretary | 2008-07-21 | 2009-09-17 |
| HIGSON, Robert Ian | Secretary | 2002-12-20 | 2008-07-21 |
| SOUTO, Joe | Secretary | 2009-09-17 | 2010-10-29 |
| ALNERY INCORPORATIONS NO 1 LIMITED | Corporate Nominee Secretary | 1999-11-03 | 1999-12-10 |
| BEAMENT, Ian Roger | Director | 1999-12-14 | 2003-04-01 |
| CADOUX HUDSON, Humphrey Alan Edward | Director | 2003-04-01 | 2009-04-01 |
| COTTRANT, Bernard Alexandre Roger | Director | 2002-01-18 | 2003-04-01 |
| CUTTILL, Paul Andrew | Director | 2003-03-10 | 2008-06-10 |
| DE RIVAZ, Vincent | Director | 2002-02-07 | 2010-10-29 |
| FERRARI, Laurent | Director | 2008-07-21 | 2008-07-21 |
| FERRARI, Laurent | Director | 2008-07-21 | 2010-10-29 |
| GIBBS, Homer Jarrell | Director | 1999-12-14 | 2002-01-18 |
| HARPLEY, Richard Martin | Director | 2010-10-20 | 2010-10-29 |
| JEFFRIES, David George | Director | 1999-12-14 | 2003-04-01 |
| KUSTERER, Thomas Andreas | Director | 2009-04-01 | 2010-10-29 |
| LESCOUR, Bruno Jean | Director | 1999-12-14 | 2002-02-07 |
| MARSH, Paul Colin | Director | 2000-04-07 | 2002-01-18 |
| MARSH, Paul Colin | Director | 1999-12-10 | 1999-12-14 |
| PAVIA, Michael James | Director | 2003-04-01 | 2003-06-25 |
| TURBERVILLE, Philip George | Director | 1999-12-10 | 2002-01-18 |
| WINGROVE, Gerald Langdon | Director | 2000-04-07 | 2002-09-30 |
| ALNERY INCORPORATIONS NO 1 LIMITED | Corporate Nominee Director | 1999-11-03 | 1999-12-10 |
| ALNERY INCORPORATIONS NO 2 LIMITED | Corporate Nominee Director | 1999-11-03 | 1999-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Uk Power Networks Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 200 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-09 MA Memorandum articles
- 2026-06-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-06-18 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-06-09 | MA | incorporation | Memorandum articles | |
| 2026-06-09 | RESOLUTIONS | resolution | Resolution | |
| 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 | |
| 2026-05-14 | 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 | |
| 2026-05-12 | 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 | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- 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.