LONDON POWER NETWORKS PLC
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Cash
£160m
+401.3% highest in 3 filed years
Net assets
£1.7bn
-1.5% vs 2025
Employees
—
Average over period
Profit before tax
£80m
-75.3% 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 | £485,400,000 | £663,100,000 | £450,500,000 | -32.1% | |
| Operating profit | £195,700,000 | £379,900,000 | £151,400,000 | -60.1% | |
| Profit before tax | £133,600,000 | £323,600,000 | £79,900,000 | -75.3% | |
| Net profit | £90,600,000 | £242,300,000 | £56,500,000 | -76.7% | |
| Cash | £14,900,000 | £31,900,000 | £159,900,000 | +401.3% | |
| Total assets less current liabilities | £4,513,200,000 | £4,743,200,000 | £5,219,900,000 | +10.1% | |
| Net assets | £1,564,100,000 | £1,738,800,000 | £1,712,200,000 | -1.5% | |
| Equity | £1,564,100,000 | £1,738,800,000 | £1,712,200,000 | -1.5% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £105,000 | £120,000 | £120,000 | 0% | |
| Highest paid director | £52,500 | £60,000 | £60,000 | 0% |
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 | 40.3% | 57.3% | 33.6% | |
| Net margin | 18.7% | 36.5% | 12.5% | |
| Return on capital employed | 4.3% | 8.0% | 2.9% | |
| Gearing (liabilities / total assets) | 67.4% | 65.9% | 69.0% | |
| Current ratio | 1.52x | 1.41x | 2.44x | |
| Interest cover | 3.15x | 5.23x | 1.53x |
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
- LONDON POWER NETWORKS PLC 2011-03-31 → present
- LONDON POWER NETWORKS LIMITED 2011-01-24 → 2011-03-31
- LONDON POWER NETWORKS PLC 2010-11-01 → 2011-01-24
- EDF ENERGY NETWORKS (LPN) PLC 2003-06-30 → 2010-11-01
- LONDON POWER NETWORKS PLC 2000-02-15 → 2003-06-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the Directors are satisfied it is appropriate to adopt the going concern basis of accounting in the preparation of these financial statements.”
Significant events
- “On 7 May 2026, following the reporting date, there was a change in ownership of the Group. Engie UK 2026 Limited, an indirect wholly owned subsidiary of Engie S.A., a French multinational energy company, acquired 100% of the Group and its subsidiaries, including the Company.”
- “In June 2025, the Group issued a €500.0m bond, bearing interest at a fixed rate of 3.837% and maturing in 2037. This was simultaneously swapped into sterling of £421.3m at a fixed interest rate of 5.7155%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 24 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 |
| CLARKE, Christopher John David | Director | 2014-03-31 | Mar 1950 | British |
| HUNTER, Andrew John | Director | 2010-10-29 | Oct 1958 | British |
| JEFFERY, Paul Robert | Director | 2014-03-31 | Apr 1955 | British |
| KAM, Hing Lam | Director | 2010-11-24 | Oct 1946 | Chinese |
| MACRAE, Duncan Nicholas | Director | 2011-06-08 | Sep 1970 | British |
| MCGEE, Neil Douglas | Director | 2010-10-29 | Oct 1951 | Australian |
| SCARSELLA, Basil | Director | 2010-11-24 | Sep 1955 | Australian |
| TSAI, Chao Chung, Charles | Director | 2014-02-28 | Jul 1957 | Canadian |
| YU, Ka Man Jenny | Director | 2023-07-01 | Apr 1972 | Chinese |
Show 24 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 |
| HIGSON, Robert Ian | Secretary | 2000-02-15 | 2009-09-17 |
| SOUTO, Joe | Secretary | 2009-09-17 | 2010-10-29 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2000-02-15 | 2000-02-15 |
| CADOUX HUDSON, Humphrey Alan Edward | Director | 2003-06-25 | 2009-04-01 |
| CHONG, Hok Shan | Director | 2010-11-24 | 2021-05-21 |
| CUTTILL, Paul Andrew | Director | 2000-02-15 | 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 |
| HARPLEY, Richard Martin | Director | 2010-10-20 | 2010-10-29 |
| HIGSON, Robert Ian | Director | 2000-02-15 | 2001-01-01 |
| IP, Tak Chuen Edmond | Director | 2010-11-24 | 2012-10-15 |
| KUSTERER, Thomas Andreas | Director | 2009-04-01 | 2010-10-29 |
| LESCOEUR, Bruno Jean | Director | 2001-01-04 | 2002-02-07 |
| MORTON, Kevin | Director | 2001-01-04 | 2003-06-25 |
| NGAN, Mei Fan | Director | 2011-03-02 | 2021-05-21 |
| TSAI, Chao Chung Charles, Dr | Director | 2010-11-24 | 2014-02-28 |
| TSO, Kai Sum | Director | 2010-11-24 | 2013-02-08 |
| WAN, Chi Tin | Director | 2013-02-08 | 2023-07-01 |
| WINGROVE, Gerald Langdon | Director | 2001-01-04 | 2002-09-30 |
| YUEN, Sui See | Director | 2010-11-24 | 2014-02-28 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2000-02-15 | 2000-02-15 |
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 230 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type full | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-18 | CS01 | confirmation-statement | Confirmation statement with no 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 | |
| 2026-05-15 | TM01 | officers | Termination director company | |
| 2026-05-14 | TM01 | officers | Termination director company with name termination 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 | |
| 2026-05-12 | 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- 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.