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Cash

£259k

+91.9% vs 2025

Net assets

£982m

+3.9% highest in 3 filed years

Employees

Average over period

Profit before tax

£50m

-4.3% vs 2025

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31

Metric Trend 2024-03-312025-03-312026-03-31 Δ vs prior
Turnover £9,582,000£95,913,000£86,778,000 -9.5%
Operating profit -£4,093,000£41,783,000£36,976,000 -11.5%
Profit before tax £5,053,000£52,022,000£49,802,000 -4.3%
Net profit £3,798,000£37,507,000£37,072,000 -1.2%
Cash £5,159,000£135,000£259,000 +91.9%
Total assets less current liabilities £983,122,000£1,004,142,000£1,032,139,000 +2.8%
Net assets £907,012,000£944,450,000£981,530,000 +3.9%
Equity £907,012,000£944,450,000£981,530,000 +3.9%
Average employees 2111
Wages £8,264,000£4,576,000
Directors' remuneration £209,000£155,000£219,000 +41.3%
Directors' pension contributions £27,000£24,000£26,000 +8.3%
Highest paid director £93,000£57,000£63,000 +10.5%

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 2024-03-312025-03-312026-03-31
Operating margin -42.7%43.6%42.6%
Net margin 39.6%39.1%42.7%
Return on capital employed -0.4%4.2%3.6%
Gearing (liabilities / total assets) 10.9%10.3%8.3%
Current ratio 7.29x6.58x9.82x
Interest cover -3.46x16.53x27.35x

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.

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Auditor
Deloitte LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Company is expected to generate positive cash flows in the next twelve months. In addition, the Directors expect to be in a position to draw on intercompany loans, should this liquidity be required for the Company to meet its future obligations as they fall due.”

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

People

5 active · 23 resigned

Name Role Appointed Born Nationality
HOLLIS, Katie Suzanne Secretary 2023-11-06
PISARSKI, Matthew Francis Director 2023-09-01 Jan 1981 British
ROME, Rob Director 2023-09-01 Jun 1972 British
SEDLER, Rebecca Director 2023-04-01 Dec 1977 British
WHYTE, Stewart William Director 2025-04-01 Dec 1983 British
Show 23 resigned officers
Name Role Appointed Resigned
BARNES, Megan Secretary 2018-11-30 2022-11-18
HAGAN, Lawrence Secretary 2017-09-01 2023-10-26
MORGAN, Alice Secretary 2016-10-17 2018-11-30
RAYNER, Heather Maria Secretary 2014-06-06 2016-03-31
WHINCUP, David George Secretary 2014-06-20 2017-09-01
BURNS, Clive Director 2014-06-06 2014-06-24
BUTTERWORTH, Jonathan Director 2019-01-07 2021-05-01
DAVIES, Jonathan Rhys Director 2022-04-01 2023-09-03
GRAVES, Ian Robert Director 2016-04-27 2017-11-30
GREEN, Paul John Director 2014-06-24 2016-02-15
HOOPER, Nick Director 2019-01-07 2021-08-01
JOHNSON, Paul James Director 2014-06-24 2015-09-21
LALLI, Sandeep Kaur Director 2022-08-04 2023-09-01
MCINTOSH, Andrew John Director 2016-04-27 2019-01-07
MEDALOVA, Nicola Anne Director 2021-05-01 2023-04-01
RAMSAY, Charlotte Bartholomew Director 2015-09-21 2016-04-27
RAYNER, Heather Maria Director 2014-06-06 2014-06-24
RICHARDSON, Zachary John Director 2016-05-01 2021-05-28
SANDY, Philip James Director 2023-09-01 2024-11-04
TAYLOR, Julie Anne Director 2021-08-01 2022-08-04
WATERS, Christopher John Director 2014-06-24 2016-04-27
WILLIAMS, David Nigel Director 2021-06-01 2022-03-31
WOOD, Oliver Stuart Director 2016-04-27 2017-07-07

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
National Grid Interconnector Holdings Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 81 total filings

Date Type Category Description
2026-08-21 AA accounts Accounts with accounts type full
2026-02-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-01-02 AA accounts Accounts with accounts type full
2025-04-02 AP01 officers Appoint person director company with name date PDF
2025-02-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-11-11 TM01 officers Termination director company with name termination date PDF
2024-10-14 AA accounts Accounts with accounts type full
2024-02-02 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-01-03 RP04CS01 confirmation-statement Second filing of confirmation statement with made up date
2024-01-03 RP04CS01 confirmation-statement Second filing of confirmation statement with made up date
2023-11-21 AP03 officers Appoint person secretary company with name date PDF
2023-10-27 TM02 officers Termination secretary company with name termination date PDF
2023-10-03 AA accounts Accounts with accounts type full
2023-09-08 TM01 officers Termination director company with name termination date PDF
2023-09-08 AP01 officers Appoint person director company with name date PDF
2023-09-08 AP01 officers Appoint person director company with name date PDF
2023-09-06 AP01 officers Appoint person director company with name date PDF
2023-09-04 TM01 officers Termination director company with name termination date PDF
2023-04-12 TM01 officers Termination director company with name termination date PDF
2023-04-12 AP01 officers Appoint person director company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page