NATIONAL GRID DISTRIBUTED ENERGY LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-15 (in 9mo)
Last made up 2026-02-01
Watchouts
None on the register
Cash
£225K
Latest balance sheet
Net assets
-£16M
-356.5% vs 2024
Employees
36
+12.5% vs 2024
Profit before tax
-£30M
-102.7% 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 | — | — | |
| Operating profit | -£14,978,000 | -£30,140,000 | |
| Profit before tax | -£15,011,000 | -£30,427,000 | |
| Net profit | -£11,026,000 | -£22,772,000 | |
| Cash | — | £225,000 | |
| Total assets less current liabilities | £6,391,000 | -£16,392,000 | |
| Net assets | £6,391,000 | -£16,392,000 | |
| Equity | £6,391,000 | -£16,392,000 | |
| Average employees | 32 | 36 | |
| Wages | £3,057,000 | £6,293,000 | |
| Directors' remuneration | £8,000 | £11,000 |
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-356.5%
£6,391,000 -£16,392,000
-
Employees
+12.5%
32 36
-
Operating profit
-101.2%
-£14,978,000 -£30,140,000
-
Profit before tax
-102.7%
-£15,011,000 -£30,427,000
-
Wages
+105.9%
£3,057,000 £6,293,000
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 |
|---|---|---|---|
| Return on capital employed | -234.4% | 183.9% | |
| Current ratio | 2.54x | 0.27x | |
| Interest cover | -124.82x | -81.24x |
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
“These financial statements have been prepared on a going concern basis, which presumes that the Company has adequate resources to remain in operation, and that the Directors intend it to do so, for at least one year from the date the financial statements are signed.”
Significant events
- “Areas of development include offshore hybrid assets (OHAs) and the longer term development of offshore mesh grid infrastructure.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLIS, Katie Suzanne | Secretary | 2023-11-06 | — | — |
| PISARSKI, Matthew Francis | Director | 2025-07-04 | Jan 1981 | British |
| SEDLER, Rebecca | Director | 2025-07-04 | Dec 1977 | British |
| SEMAL, Clara | Director | 2024-11-04 | Jul 1989 | Belgian |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNES, Megan | Secretary | 2018-11-30 | 2021-02-17 |
| HAGAN, Lawrence | Secretary | 2020-09-28 | 2023-10-26 |
| MORGAN, Alice | Secretary | 2016-12-14 | 2018-11-30 |
| COOK, Martin Colin | Director | 2016-12-14 | 2021-12-13 |
| GRAVES, Ian Robert | Director | 2016-12-14 | 2017-11-30 |
| NIEUWENHOVE, Guy Van | Director | 2023-12-01 | 2024-09-16 |
| SANDY, Philip James | Director | 2021-12-13 | 2024-11-04 |
| WESTERMAN, Daniel Francis | Director | 2017-12-01 | 2021-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Grid Holdings One Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-14 | Active |
| National Grid Holdings One Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-14 | Active |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-03-29 | SH01 | capital | Capital allotment shares | |
| 2024-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 | |
| 2023-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-10 | AA | accounts | Accounts with accounts type full | |
| 2023-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-10 | AA | accounts | Accounts with accounts type full | |
| 2022-04-12 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 2
- 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.