STATE GRID EUROPE DEVELOPMENT (2014) PUBLIC LIMITED COMPANY
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-30 (in 5mo)
Last made up 2025-10-16
Watchouts
None on the register
Cash
£53K
EUR 61,057
+4.5% vs 2023
Net assets
£52K
EUR 60,033
+4.5% vs 2023
Employees
—
Average over period
Profit before tax
£2K
EUR 2,565
+166.5% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £837 | £2,231 | |
| Net profit | £837 | £2,231 | |
| Cash | £50,825 | £53,098 | |
| Total assets less current liabilities | £1,041,917,200 | £550,386,397 | |
| Net assets | £49,977 | £52,207 | |
| Equity | £49,977 | £52,207 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+4.5%
£50,825 £53,098
-
Net assets
+4.5%
£49,977 £52,207
-
Employees
—
Not reported
-
Profit before tax
+166.5%
£837 £2,231
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 100.0% | 100.0% | |
| Current ratio | 1.00x | 1.00x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Our evaluation of the Directors’ assessment of the entity’s ability to continue to adopt the going concern basis of accounting included: Considering the liquidity of the Company and its ability to settle its outstanding liabilities as they fall due for the 24 month period to 31 December 2026. Reviewing the non-binding letter of support received by the Directors from State Grid International Development Limited confirming ongoing financial support will be provided for a period of no less than 12 months from the date of approval of the financial statements.”
Significant events
- “In April 2022, the Company issued two tranches of guaranteed bond totalling USD 1,000,000,000 to refinance the EUR 700,000,000 bond that expired in January 2022. The issue included a USD 650,000,000 tranche with 3-year maturity and a USD 350,000,000 green bond with 7-year maturity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FLANTON COMPANY SECRETARIES LTD | Corporate Secretary | 2020-05-15 | — | — |
| WANG, Ying | Director | 2017-10-30 | Oct 1964 | Chinese |
| YU, Lei | Director | 2024-11-08 | Jun 1973 | Chinese |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EMETULU, Lola | Secretary | 2020-03-01 | 2020-05-15 |
| JORDAN COMPANY SECRETARIES LIMITED | Corporate Secretary | 2014-11-20 | 2017-10-20 |
| LONDON REGISTRARS LTD | Corporate Secretary | 2017-10-20 | 2020-02-29 |
| JIANG, Xiaojun | Director | 2014-11-20 | 2017-10-30 |
| LI, Haixiang | Director | 2019-12-05 | 2021-03-31 |
| LI, Hong | Director | 2014-11-20 | 2017-10-30 |
| YU, Jun | Director | 2021-03-31 | 2024-11-08 |
| YUHAI, Hu | Director | 2016-01-08 | 2019-12-05 |
| ZHU, Guangchao | Director | 2014-11-20 | 2016-01-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| State Grid Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 53 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-19 | AA | accounts | Accounts with accounts type full | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-16 | AA | accounts | Accounts with accounts type full | |
| 2022-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-22 | AA | accounts | Accounts with accounts type full | |
| 2021-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-28 | AA | accounts | Accounts with accounts type full | |
| 2021-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2020-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-18 | AA | accounts | Accounts with accounts type full | |
| 2020-06-11 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2020-05-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2020-03-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2020-03-02 | 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.