NETWORK PLUS SERVICES LTD
Operating as part of the Network Plus Group, the company provides civil engineering, construction, and maintenance services across the UK water, power, and gas sectors.
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Cash
£36m
Latest balance sheet
Net assets
£151m
highest in 5 filed years
Employees
2,376
Average over period
Profit before tax
£55m
Period ending 2026-03-29
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-29
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2024-03-29 | 2025-03-28 | 2026-03-29 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £223,499,379 | £393,456,324 | £536,255,000 | £584,784,000 | £670,762,000 | — | |
| Operating profit | £23,646,406 | £34,215,052 | £34,368,000 | £24,767,000 | £53,185,000 | — | |
| Profit before tax | £25,440,049 | £34,161,674 | £31,660,000 | £24,475,000 | £54,615,000 | — | |
| Net profit | £21,033,940 | £27,176,386 | £24,142,000 | £18,383,000 | £40,255,000 | — | |
| Cash | £21,464,325 | £16,339,745 | £25,332,000 | £35,655,000 | £35,591,000 | — | |
| Total assets less current liabilities | £29,279,817 | £59,381,187 | £97,554,000 | £118,968,000 | £163,666,000 | — | |
| Net assets | £29,279,817 | £56,456,203 | £91,891,000 | £110,274,000 | £150,529,000 | — | |
| Equity | £29,279,817 | £56,456,203 | £91,891,000 | £110,274,000 | £150,529,000 | — | |
| Average employees | 1,118 | 2,037 | 2,392 | 2,423 | 2,376 | — | |
| Wages | £41,600,952 | £74,937,474 | £99,386,000 | £112,795,000 | £116,569,000 | — | |
| Directors' remuneration | £799,234 | — | — | — | £2,300,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2024-03-29 | 2025-03-28 | 2026-03-29 |
|---|---|---|---|---|---|---|
| Operating margin | 10.6% | 8.7% | 6.4% | 4.2% | 7.9% | |
| Net margin | 9.4% | 6.9% | 4.5% | 3.1% | 6.0% | |
| Return on capital employed | 80.8% | 57.6% | 35.2% | 20.8% | 32.5% | |
| Gearing (liabilities / total assets) | 63.3% | 54.6% | 59.4% | 60.0% | 58.5% | |
| Current ratio | — | — | 1.15x | 0.92x | 0.95x | |
| Interest cover | — | — | — | 41.91x | 37.83x |
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 1 time since incorporation
- NETWORK PLUS SERVICES LTD 2019-12-20 → present
- T&K GALLAGHER LIMITED 2000-08-22 → 2019-12-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis as the Directors have a reasonable expectation that the Company has adequate resources for a period of at least 12 months from the date of approval of the financial statements.”
Group structure
- NETWORK PLUS SERVICES LTD · parent
- Overlec Limited 100%
- Network Plus Multi Utility Limited 100%
- EOS Contracting Limited 100%
- Littlewood Group Ltd 100%
- Claret Civil Engineering Limited 100%
Significant events
- “During the current period, the Board made the decision to exclude new entities and contracts from the safety KPIs for the first 12 months of operation.”
- “There has been an increase in instances of work-related violence and aggression from members of the public who are proving to be volatile and unpredictable.”
- “Performance in underground service avoidance has improved, with reductions in both overall utility damages and electricity-related damages.”
- “Subsequent to the period end, on 26 June 2026, Nyetimber Holdings (Lux) S.A.S. and management signed a binding Share Purchase Agreement whereby funds managed by Warburg Pincus LLC will acquire a majority shareholding in Nyetimber Holdco Limited, Network Plus Services' ultimate parent.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FOWLIE, Kevin Alexander | Director | 2023-11-02 | Feb 1980 | British |
| MAITLAND, James Martin | Director | 2024-11-04 | Aug 1983 | British |
| PORTER, Michael | Director | 2023-11-02 | Nov 1967 | British |
| PRESCOTT, David Brian | Director | 2026-02-11 | Nov 1986 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GALLAGHER, Karen | Secretary | 2000-09-10 | 2008-01-02 |
| O'CONNOR, Michael Vincent | Secretary | 2008-01-11 | 2019-08-30 |
| HIGHSTONE SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-08-22 | 2000-08-30 |
| ALDERSON, Stephen John | Director | 2015-01-01 | 2019-03-29 |
| BIRCHALL, Philip John | Director | 2019-03-29 | 2023-10-27 |
| DUCKWORTH, Kathryn Anne | Director | 2015-01-01 | 2019-08-30 |
| FRASER, Stuart Alan | Director | 2018-09-19 | 2023-02-10 |
| GALLAGHER, Thomas Joseph | Director | 2000-09-10 | 2019-08-30 |
| HOLLAND, Daniel Lawrence | Director | 2018-09-19 | 2024-11-04 |
| O'CONNOR, Michael Vincent | Director | 2011-03-01 | 2019-08-30 |
| O'SULLIVAN, Denis Adrian | Director | 2004-07-05 | 2011-06-03 |
| O'SULLIVAN, Matthew Patrick | Director | 2015-01-01 | 2026-02-11 |
| TILBROOK, Adam Robert | Director | 2015-01-01 | 2020-06-23 |
| HIGHSTONE DIRECTORS LIMITED | Corporate Nominee Director | 2000-08-22 | 2000-08-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gallagher Topco Limited | Corporate entity | Shares 75–100% | 2016-05-13 | Ceased 2016-05-13 |
| Network Plus Utility Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-13 | Active |
Filing timeline
Last 20 of 157 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-18 | AA | accounts | Accounts with accounts type full | |
| 2026-03-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-11 | CH01 | officers | Change person director company with change date | |
| 2025-11-11 | CH01 | officers | Change person director company with change date | |
| 2025-09-02 | AA | accounts | Accounts with accounts type full | |
| 2024-11-25 | CH01 | officers | Change person director company with change date | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-06 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | CH01 | officers | Change person director company with change date | |
| 2024-03-08 | AA | accounts | Accounts with accounts type full | |
| 2023-12-22 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-12-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-17 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.