CADENT GAS LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  -4.6%

  £2,277,000,000 → £2,172,000,000

• Cash

  -71%

  £569,000,000 → £165,000,000

• Net assets

  -3.1%

  £2,348,000,000 → £2,275,000,000

• Employees

  +2.3%

  6,215 → 6,361

• Operating profit

  -27.8%

  £893,000,000 → £645,000,000

• Profit before tax

  -37.2%

  £697,000,000 → £438,000,000

• Wages

  +6.9%

  £318,000,000 → £340,000,000

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

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.

1. CADENT GAS LIMITED 2017-05-02 → present
2. NATIONAL GRID GAS DISTRIBUTION LIMITED 2016-05-05 → 2017-05-02
3. NATIONAL GRID THIRTY SEVEN LIMITED 2016-03-23 → 2016-05-05

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In our opinion, the group and parent company financial statements have been prepared in accordance with the requirements of the Companies Act 2006. The directors consider it appropriate to prepare the group and parent company financial statements on a going concern basis.”

Group structure

1. CADENT GAS LIMITED · parent
   1. Cadent Finance Plc 100% · England and Wales · Provision of long-term finance
   2. Cadent Gas Pension Trustee Limited 100% · England and Wales · Trustee of occupational pension scheme
   3. Cadent Gas Pension Property Company Limited 100% · England and Wales · Trustee of property assets of occupational pension scheme
   4. Cadent Gas Pension Property Company 2 Limited 100% · England and Wales · Trustee of property assets of occupational pension scheme
   5. Cadent Gas Pension Services Limited 100% · England and Wales · Management of pension services

Significant events

• “Cadent is the largest energy distribution company in the UK, aiming for net zero carbon emissions by 2050.”
• “Successfully responded to large-scale gas network incidents in East of England, ensuring safety and warmth for communities.”
• “Launched Stay Energy Safe campaign to raise awareness of gas theft and its dangers, collaborating with law enforcement.”
• “Mobilised a West Midlands pilot in May 2024 to measure biomethane and natural gas flows.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

4

last 12 months

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