NATIONAL GRID ELECTRICITY DISTRIBUTION PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-06 (in 11mo)
Last made up 2026-03-23
Watchouts
None on the register
Cash
£2M
-45.9% vs 2024
Net assets
£8B
+15.4% vs 2024
Employees
7,083
+3.1% vs 2024
Profit before tax
£1B
+108.4% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £1,838,200,000 | £2,477,200,000 | |
| Operating profit | £903,300,000 | £1,551,000,000 | |
| Profit before tax | £600,100,000 | £1,250,400,000 | |
| Net profit | £446,300,000 | £935,400,000 | |
| Cash | £3,700,000 | £2,000,000 | |
| Total assets less current liabilities | £2,417,200,000 | £2,672,700,000 | |
| Net assets | £6,516,000,000 | £7,517,800,000 | |
| Equity | £6,516,000,000 | £7,517,800,000 | |
| Average employees | 6,872 | 7,083 | |
| Wages | £439,000,000 | £455,300,000 | |
| Directors' remuneration | £2,838,000 | £3,322,000 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+34.8%
£1,838,200,000 £2,477,200,000
-
Cash
-45.9%
£3,700,000 £2,000,000
-
Net assets
+15.4%
£6,516,000,000 £7,517,800,000
-
Employees
+3.1%
6,872 7,083
-
Operating profit
+71.7%
£903,300,000 £1,551,000,000
-
Profit before tax
+108.4%
£600,100,000 £1,250,400,000
-
Wages
+3.7%
£439,000,000 £455,300,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 49.1% | 62.6% | |
| Net margin | 24.3% | 37.8% | |
| Return on capital employed | 37.4% | 58.0% | |
| Gearing (liabilities / total assets) | 65.6% | 62.7% | |
| Current ratio | 1.23x | 1.04x | |
| Interest cover | 2.58x | 4.39x |
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 3 times since incorporation
- NATIONAL GRID ELECTRICITY DISTRIBUTION PLC 2022-09-20 → present
- WESTERN POWER DISTRIBUTION PLC 2015-06-24 → 2022-09-20
- WESTERN POWER DISTRIBUTION LIMITED 2014-09-30 → 2015-06-24
- PPL WPD 2 LIMITED 2014-09-17 → 2014-09-30
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the group's and parent company's ability to continue to adopt the going concern basis of accounting included: [...] We have concluded that the directors have adopted the going concern basis of accounting in the preparation of the financial statements.”
Group structure
- NATIONAL GRID ELECTRICITY DISTRIBUTION PLC · parent
- National Grid Electricity Distribution (South West) plc 100%
- National Grid Electricity Distribution (South Wales) plc 100%
- National Grid Electricity Distribution (East Midlands) plc 100%
- National Grid Electricity Distribution (West Midlands) plc 100%
- National Grid Electricity Distribution Network Holdings Limited 100%
- WPD WEM Limited 100%
- South Wales Electricity Share Scheme Trustees Limited 51%
Significant events
- “Subsequent to the year end, on 2 April 2025 the Company issued a 20 year 2.959% fixed rate Japanese bond of Yen 8.0bn (£41.4m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLIS, Katie Suzanne | Secretary | 2024-05-31 | — | — |
| BRANSTON, Paul | Director | 2023-12-15 | Nov 1975 | British |
| DILLON, Jennifer Ann | Director | 2024-04-01 | May 1972 | British |
| O’HARA, Cordelia | Director | 2023-04-01 | Mar 1974 | British |
| PETTIFER, Darren | Director | 2023-12-15 | Apr 1980 | British |
| QUINN, Roisin Anne | Director | 2025-12-18 | Apr 1981 | Irish |
| SHARMA, Tanya Joy | Director | 2024-07-01 | Nov 1986 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Mark Richard | Secretary | 2023-06-16 | 2024-05-31 |
| JONES, Sally Ann | Secretary | 2014-09-17 | 2023-06-16 |
| ALLEN, Philip Gerald | Director | 2014-10-16 | 2015-02-09 |
| BARBROOK, Laura Sophie Scudamore, Dr | Director | 2022-01-31 | 2024-03-31 |
| BERGSTEIN, JR, Joseph P. | Director | 2019-07-01 | 2021-06-14 |
| BERGSTEIN, JR, Joseph P. | Director | 2016-02-04 | 2017-07-31 |
| BREININGER, Stephen Kenneth | Director | 2014-10-16 | 2017-07-31 |
| CAMPBELL, Justine | Director | 2022-01-31 | 2024-06-30 |
| DUDKIN, Gregory N. | Director | 2016-02-04 | 2021-06-14 |
| ELMORE, Andrew Woodbury | Director | 2020-09-01 | 2021-06-14 |
| HALLADAY, Graham Roy | Director | 2019-01-14 | 2026-03-18 |
| KLINGENSMITH, Ricky Lee | Director | 2014-10-16 | 2015-07-16 |
| OOSTHUIZEN, Daniel Charl Stephanus | Director | 2014-09-17 | 2018-03-31 |
| RAPHAEL, Joanne Hackett | Director | 2017-08-01 | 2021-05-31 |
| SLEIGHTHOLM, Alison Jane | Director | 2018-04-01 | 2023-12-15 |
| SORGI, Vincent | Director | 2014-10-16 | 2021-06-14 |
| SPENCE, William Harold | Director | 2015-07-16 | 2017-12-12 |
| SWIFT, Philip | Director | 2014-10-16 | 2023-03-31 |
| SYMONS, Robert Arthur | Director | 2014-10-16 | 2018-11-07 |
| TOROK, Alexander James | Director | 2014-10-16 | 2020-08-31 |
| WILLIAMS, Ian Robert | Director | 2015-03-09 | 2022-07-31 |
| WILTEN, Mark Frederick | Director | 2014-10-16 | 2015-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Grid Electricity Distribution Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-14 | Active |
| Ppl Wpd Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-10-20 | Ceased 2021-06-14 |
| Ppl Wpd Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-10-20 |
Filing timeline
Last 20 of 112 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-15 MA Memorandum articles
- 2024-05-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-06 | AA | accounts | Accounts with accounts type group | |
| 2025-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type group | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-10 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-05-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-15 | MA | incorporation | Memorandum articles | |
| 2024-05-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-06 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.