SOUTHERN ELECTRIC POWER DISTRIBUTION PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +67%

  £681,200,000 → £1,137,400,000

• Cash

  +97.3%

  £11,100,000 → £21,900,000

• Net assets

  +4.8%

  £1,411,100,000 → £1,478,200,000

• Employees

  +21.5%

  2,452 → 2,979

• Operating profit

  +220.4%

  £193,700,000 → £620,700,000

• Profit before tax

  +356.6%

  £119,300,000 → £544,700,000

• Wages

  +5.5%

  £134,400,000 → £141,800,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. SOUTHERN ELECTRIC POWER DISTRIBUTION PLC 2001-03-06 → present
2. SSE DISTRIBUTION (SOUTH) LIMITED 2001-01-10 → 2001-03-06
3. DUNWILCO (828) LIMITED 2000-10-23 → 2001-01-10

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors assess that the Financial Statements should be prepared on a going concern basis. In making this assessment, the Directors have considered the impact of a number of severe but plausible scenarios as identified by the Distribution Executive Committee... The Directors have therefore concluded it is appropriate for the financial statements to be prepared on a going concern basis.”

Group structure

1. SOUTHERN ELECTRIC POWER DISTRIBUTION PLC · parent
   1. Electralink Limited 8.79% · England and Wales · Data Transfer Service Operator
   2. DCUSA Limited 1.69% · England and Wales · Billing Framework Operator
   3. Smart Energy Code Company Limited 0.33% · England and Wales · Smart Metering Implementation Management
   4. Retail Energy Code Company Limited 0.01% · England and Wales · Management of Retail Energy Code

Significant events

• “This one-off cost inflation catch-up in the year-ended 31 March 2025 is partially offset by increasing operating costs associated with business transformation and improving network resilience, as well as higher depreciation on a growing asset base. The operating result also includes the impact of additional fault and repair costs as the business reacted to a year of several high-profile storms.”
• “Capital expenditure in the year has increased to £492.4m (2024: £397.6m). This capital expenditure has included ongoing works at Iver in West London and the Bramley-Thatcham reinforcement near Reading, in addition to the Leamington Park Network Upgrade.”
• “On the 15th April 2025, Ofgem approved the proposed Connections Reforms by NESO which will transform the connections process to better facilitate clean power for 2030 and beyond.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.