NATIONAL GRID DISTRIBUTED ENERGY LIMITED
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Cash
£1k
-99.6% vs 2025
Net assets
-£26m
-60.6% lowest in 3 filed years
Employees
30
-16.7% lowest in 3 filed years
Profit before tax
-£14m
+55.4% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£14,978,000 | -£30,140,000 | -£11,639,000 | +61.4% | |
| Profit before tax | -£15,011,000 | -£30,427,000 | -£13,575,000 | +55.4% | |
| Net profit | -£11,026,000 | -£22,772,000 | -£10,037,000 | +55.9% | |
| Cash | — | £225,000 | £1,000 | -99.6% | |
| Total assets less current liabilities | £6,391,000 | -£16,392,000 | -£26,320,000 | -60.6% | |
| Net assets | £6,391,000 | -£16,392,000 | -£26,320,000 | -60.6% | |
| Equity | £6,391,000 | -£16,392,000 | -£26,320,000 | -60.6% | |
| Average employees | 32 | 36 | 30 | -16.7% | |
| Wages | £3,057,000 | £6,293,000 | £2,509,000 | -60.1% | |
| Directors' remuneration | £8,000 | £11,000 | £260,000 | +2,263.6% | |
| Directors' pension contributions | — | £14,000 | £23,000 | +64.3% | |
| Highest paid director | — | £5,000 | £242,000 | +4,740% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Return on capital employed | -234.4% | — | — | |
| Gearing (liabilities / total assets) | 39.3% | 158.2% | 164.7% | |
| Current ratio | 2.54x | 0.27x | 0.61x | |
| Interest cover | — | -81.24x | -6.01x |
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 in a net liabilities position, but is expected to obtain finance via intercompany loans and has received written assurances from National Grid Group for future funding. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “Costs capitalised in the prior year in respect of the Lion Link OHA of £15,957,000 have been sold to National Grid Lion Link Limited, a fellow subsidiary undertaking, in the current year.”
- “The Directors recognise the critical role the Group plays in tackling climate change in the markets that we operate. Ambitious carbon reduction targets and further legislative actions are anticipated in all our markets which will be challenging and as a Group we embrace the opportunity to support the delivery of these goals.”
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 46 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2026-07-07 | TM01 | officers | Termination director company with name termination date | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.