NGG FINANCE PLC
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Cash
£87k
0% vs 2025
Net assets
£614m
+3.4% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£27m
-16.5% lowest in 3 filed years
Net assets
3-year trend · vs Industrials 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 | £146,684,000 | £132,457,000 | — | — | |
| Operating profit | -£45,000 | -£45,000 | -£45,000 | 0% | |
| Profit before tax | £38,697,000 | £31,827,000 | £26,583,000 | -16.5% | |
| Net profit | £29,023,000 | £23,870,000 | £19,937,000 | -16.5% | |
| Cash | £88,000 | £87,000 | £87,000 | 0% | |
| Total assets less current liabilities | £2,638,279,000 | £2,221,115,000 | — | — | |
| Net assets | £569,777,000 | £593,647,000 | £613,584,000 | +3.4% | |
| Equity | £569,777,000 | £593,647,000 | £613,584,000 | +3.4% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 | -0.0% | -0.0% | — | |
| Net margin | 19.8% | 18.0% | — | |
| Return on capital employed | -0.0% | -0.0% | — | |
| Gearing (liabilities / total assets) | 78.9% | 74.0% | 52.2% | |
| Current ratio | 42.73x | 38.12x | 87.73x | |
| Interest cover | -0.00x | -0.00x | -0.00x |
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 1 time since incorporation
- NGG FINANCE PLC 2001-07-24 → present
- INTERCEDE 1723 LIMITED 2001-05-21 → 2001-07-24
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis, which presumes that the Company has adequate resources to remain in operation, and that the Directors intend it to do so, for at least one year from the date the financial statements are signed. The Directors expect to be in a position to draw on intercompany loans, should this liquidity be required to meet its future obligations.”
Significant events
- “On 5 December 2024, the Company settled a fixed rate bond with a notional value of €500 million that was listed on the London Stock Exchange”
- “During the period, the Company redeemed the £1,000 million 5.625% Fixed Rate Instrument.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLIS, Katie Suzanne | Secretary | 2023-11-06 | — | — |
| AGG, Andrew Jonathan | Director | 2016-01-04 | Oct 1969 | British |
| LEWIS, Alexandra Morton | Director | 2017-11-13 | Jan 1972 | British |
| MEAD, Andrew Kenneth | Director | 2015-12-07 | Jun 1971 | British |
| PETTIFER, Darren | Director | 2024-04-01 | Apr 1980 | British |
| VASS, Rebecca Louise | Director | 2024-10-01 | Jun 1977 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNES, Megan | Secretary | 2018-11-30 | 2022-11-18 |
| DURRANT, Andrew Peter | Secretary | 2007-05-08 | 2007-10-19 |
| FORWARD, David Charles | Secretary | 2001-07-25 | 2013-11-30 |
| HAGAN, Lawrence | Secretary | 2022-11-18 | 2023-10-26 |
| KENWARD, Sally | Secretary | 2023-10-26 | 2023-11-06 |
| MORGAN, Alice Parker | Secretary | 2016-03-08 | 2018-11-30 |
| RAYNER, Heather Maria | Secretary | 2013-02-14 | 2016-03-08 |
| SMITH, Fiona Brown | Secretary | 2001-07-25 | 2002-12-31 |
| MITRE SECRETARIES LIMITED | Corporate Nominee Secretary | 2001-05-21 | 2001-07-25 |
| AGG, Andrew Jonathan | Director | 2009-07-10 | 2013-05-31 |
| BARBROOK, Laura Sophie Scudamore | Director | 2020-09-01 | 2024-04-01 |
| BONAR, David Charles | Director | 2013-02-14 | 2018-04-30 |
| CARTER, Charles Ralph Ambrose | Director | 2001-07-25 | 2002-11-29 |
| COOPER, Malcolm Charles | Director | 2002-12-05 | 2016-01-04 |
| DICKIE, Kylee Marie | Director | 2020-07-01 | 2024-10-01 |
| FLAWN, Mark Antony David | Director | 2001-07-25 | 2013-03-22 |
| FRASER, Emmanuel David | Director | 2013-02-14 | 2015-10-30 |
| GRANT, Simon Warren | Director | 2017-07-27 | 2024-10-31 |
| HUMPHREYS, Stuart Calvin | Director | 2013-06-01 | 2019-12-31 |
| JACKSON, William Joseph | Director | 2014-09-10 | 2017-07-27 |
| KLUTH, Andrew George Henry | Director | 2002-12-05 | 2012-10-06 |
| NOONAN, Stephen Francis | Director | 2005-03-29 | 2009-07-10 |
| O'DONOVAN, Martin Donal | Director | 2001-07-25 | 2002-12-20 |
| PETTIFER, Richard Francis | Director | 2002-12-20 | 2008-09-30 |
| PHILLIPS, Paul Nicholas | Director | 2001-07-25 | 2002-12-20 |
| RICH, Michael William | Nominee Director | 2001-05-21 | 2001-07-25 |
| SELLARS, Melissa Jane | Director | 2009-07-10 | 2012-09-14 |
| WARNER, William | Nominee Director | 2001-05-21 | 2001-07-25 |
| WILTSHIRE, Adam Simon | Director | 2013-03-22 | 2017-11-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Grid Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 190 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-09 | AA | accounts | Accounts with accounts type full | |
| 2026-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-08 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-10 | AA | accounts | Accounts with accounts type full | |
| 2023-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | TM01 | officers | Termination director company | |
| 2022-11-22 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.