SOUTHERN GAS NETWORKS PLC
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Cash
£12m
Latest balance sheet
Net assets
£1.2bn
Equity attributable
Employees
317
Average over period
Profit before tax
£207m
Period ending 2024-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
1-year trend · vs Utilities median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £901,000,000 | — | |
| Operating profit | £363,000,000 | — | |
| Profit before tax | £207,000,000 | — | |
| Net profit | £151,000,000 | — | |
| Cash | £12,000,000 | — | |
| Total assets less current liabilities | £4,928,000,000 | — | |
| Net assets | £1,209,000,000 | — | |
| Equity | £1,209,000,000 | — | |
| Average employees | 317 | — | |
| Wages | £36,000,000 | — | |
| Directors' remuneration | £106,972 | — | |
| Directors' pension contributions | £0 | — | |
| Highest paid director | £41,400 | — |
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's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 |
|---|---|---|
| Operating margin | 40.3% | |
| Net margin | 16.8% | |
| Return on capital employed | 7.4% | |
| Gearing (liabilities / total assets) | 78.2% | |
| Current ratio | 0.28x | |
| Interest cover | 2.27x |
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 2 times since incorporation
- SOUTHERN GAS NETWORKS PLC 2005-09-28 → present
- SOUTHERN GAS NETWORKS LIMITED 2005-06-01 → 2005-09-28
- BLACKWATER G LIMITED 2004-06-30 → 2005-06-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the Company will be able to meet its liabilities as they fall due and will have adequate resources to continue in operational existence for the going concern period, being twelve months from the date of approval of this report. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “The SGN Group maintains a total revolving credit facility of £600 million (31 March 2025: £600 million), which matures in March 2029. Subsequent to the balance sheet date, the allocation of the facility was revised, with £300 million allocated to each of Southern Gas Networks plc and Scotland Gas Networks plc.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
17 active · 55 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAKONI, Fungai | Secretary | 2025-04-01 | — | — |
| ADAM, James Alexander | Director | 2025-01-30 | Oct 1970 | British,Canadian |
| BOTHA, Michael John | Director | 2022-03-22 | Apr 1970 | Canadian |
| BRUNNING, Charlotte Louise | Director | 2018-05-02 | Apr 1986 | British |
| CATCHPOLE, Martin Paul | Director | 2022-03-23 | Dec 1975 | British |
| DEMES, David | Director | 2025-01-30 | Feb 1989 | Slovak |
| GOIS, Afonso Castello-Branco | Director | 2025-05-16 | Mar 1985 | Portuguese |
| KILONBACK, Simon David | Director | 2025-09-11 | Feb 1974 | British |
| KING, Anthony John | Director | 2025-09-11 | Dec 1968 | British |
| LUMLOCK, Rebecca Elizabeth | Director | 2022-03-22 | May 1973 | British |
| MURRAY, Christopher John | Director | 2026-01-01 | Apr 1956 | British |
| ROSENTHAL, Jeffrey | Director | 2022-06-14 | Oct 1959 | Canadian |
| SALMON, Nicholas Robin | Director | 2019-03-14 | Jun 1952 | British |
| SMART, Michael Oswald | Director | 2022-05-27 | Mar 1981 | British |
| TRIMMER, Paul John Vincent | Director | 2022-03-23 | Mar 1956 | British |
| TURNELL-HENRY, Mathew David | Director | 2025-05-16 | Feb 1987 | British |
| WHITTINGTON, Joanna Sarah | Director | 2023-10-19 | Dec 1966 | British |
Show 55 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Jonathan Jeffery | Secretary | 2010-03-30 | 2011-07-26 |
| BIRTWISTLE, Megan Rose | Secretary | 2023-11-01 | 2025-01-15 |
| DURRANT, Andrew Peter | Secretary | 2004-08-26 | 2005-06-01 |
| EVES, Richard Anthony | Secretary | 2004-06-30 | 2005-06-01 |
| GRAY, Ailsa Mary | Secretary | 2005-06-01 | 2009-01-29 |
| HARDING, Debbie Mary | Secretary | 2009-01-29 | 2010-03-30 |
| SHAND, Nicola Anne | Secretary | 2011-07-26 | 2025-11-06 |
| SYLVESTER, Sharmila Virginia | Secretary | 2021-12-01 | 2023-11-01 |
| ALEXANDER, Fraser Mcgregor | Director | 2005-06-01 | 2022-03-22 |
| BRADBURY, Kenton Edward | Director | 2016-05-26 | 2018-09-14 |
| BUCK, Colin | Director | 2004-08-27 | 2005-06-01 |
| COVASSIN, Tanya Maria | Director | 2005-06-01 | 2008-06-26 |
| DAVIS, Ian Christopher | Director | 2004-08-27 | 2005-04-15 |
| DOWD, Stephen Donald | Director | 2006-11-24 | 2013-03-06 |
| DURRANT, Andrew Peter | Director | 2004-06-30 | 2004-08-27 |
| EVES, Richard Anthony | Director | 2004-06-30 | 2004-08-27 |
| FAIRBAIRN, Mark Robert | Director | 2004-08-27 | 2005-06-01 |
| FINGERLE, Christian Herbert, Dr | Director | 2022-05-27 | 2024-09-13 |
| FLAGEUL, Natalie Michaela | Director | 2011-09-27 | 2020-07-22 |
| FLEMING, Neil Patrick | Director | 2015-03-24 | 2018-05-02 |
| FRIEDRICHSEN, Adam Michael Cooper | Director | 2021-07-01 | 2022-03-23 |
| GROSS, Matthew Jonathan | Director | 2024-01-04 | 2026-03-31 |
| GRUND, Ines | Director | 2018-07-18 | 2020-11-03 |
| HALSEY, David John | Director | 2005-04-15 | 2005-06-01 |
| HOLLIDAY, Steven John | Director | 2004-08-27 | 2005-06-01 |
| HOOD, Colin William | Director | 2005-06-01 | 2011-09-27 |
| JEFFERY, Paul Robert | Director | 2014-01-28 | 2026-01-01 |
| JUGGINS, Graham Gerald | Director | 2014-01-28 | 2018-09-06 |
| JUGGINS, Graham Gerald | Director | 2005-06-01 | 2006-07-21 |
| KAY, Alison Barbara | Director | 2005-05-20 | 2005-06-01 |
| KERRENNEUR, Antoine Jean René | Director | 2023-03-29 | 2024-04-15 |
| LAMBERT, Guy | Director | 2016-10-26 | 2021-05-30 |
| LAMBERT, Guy | Director | 2016-10-26 | 2022-03-22 |
| LEPIN, Ronald Kenneth | Director | 2005-06-01 | 2006-11-24 |
| LOPEZ DELGADO, Alejandro | Director | 2015-11-24 | 2019-06-28 |
| MCCOSKER, Peter Joseph | Director | 2019-06-07 | 2021-05-30 |
| MCDONALD, Robert | Director | 2006-07-21 | 2022-03-22 |
| MCMANUS, John James | Director | 2012-03-27 | 2020-07-01 |
| MCNICHOLAS, Michael | Director | 2019-06-28 | 2022-03-23 |
| MCPHILLIMY, James | Director | 2005-06-01 | 2016-10-26 |
| NOBREGA, Michael | Director | 2005-06-01 | 2007-03-10 |
| O'SULLIVAN, James Christopher | Director | 2004-08-27 | 2005-06-01 |
| ONARHEIM, Henrik Oliver Andreas | Director | 2021-07-05 | 2022-03-22 |
| ORTIZ, Felipe | Director | 2022-03-22 | 2025-05-08 |
| PIRBHAI, Juzar | Director | 2013-03-26 | 2014-07-29 |
| POPA, Mariana | Director | 2018-05-15 | 2019-06-07 |
| ROLLAND, John Michael | Director | 2007-12-31 | 2012-03-27 |
| SANDYS, Laura | Director | 2018-10-01 | 2023-10-31 |
| SHERMAN, Sebastien Bernard | Director | 2007-03-10 | 2015-11-24 |
| STEEDMAN, Olivia Penelope | Director | 2008-07-29 | 2016-05-26 |
| TAYLOR, Andrew Jonathan Mark | Director | 2016-05-26 | 2019-03-14 |
| THOMAZI, Charles | Director | 2017-10-27 | 2024-06-12 |
| TRAIN, Christopher | Director | 2005-05-20 | 2005-06-01 |
| VOELTZEL, Delphine | Director | 2020-07-01 | 2021-07-01 |
| WATTERS, Robert | Director | 2005-06-01 | 2007-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sgn Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-05 | Active |
| Sgn Pledgeco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-12-04 | Ceased 2017-12-05 |
| Scotia Gas Networks Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-12-04 |
Filing timeline
Last 20 of 249 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-26 MA Memorandum articles
- 2025-09-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-26 | MA | incorporation | Memorandum articles | |
| 2025-09-26 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.