SCOTLAND GAS NETWORKS PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-24 (in 7mo)
Last made up 2025-12-10
Watchouts
Cash
£20M
+11.1% vs 2024
Net assets
£463M
-0.9% vs 2024
Employees
151
-9% vs 2024
Profit before tax
£21M
-80.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £434,000,000 | £386,000,000 | |
| Operating profit | £169,000,000 | £76,000,000 | |
| Profit before tax | £109,000,000 | £21,000,000 | |
| Net profit | £81,000,000 | £15,000,000 | |
| Cash | £18,000,000 | £20,000,000 | |
| Total assets less current liabilities | £2,297,000,000 | £2,405,000,000 | |
| Net assets | £467,000,000 | £463,000,000 | |
| Equity | £467,000,000 | £463,000,000 | |
| Average employees | 166 | 151 | |
| Wages | £9,000,000 | £8,000,000 | |
| Directors' remuneration | £106,972 | £88,117 |
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
-11.1%
£434,000,000 £386,000,000
-
Cash
+11.1%
£18,000,000 £20,000,000
-
Net assets
-0.9%
£467,000,000 £463,000,000
-
Employees
-9%
166 151
-
Operating profit
-55%
£169,000,000 £76,000,000
-
Profit before tax
-80.7%
£109,000,000 £21,000,000
-
Wages
-11.1%
£9,000,000 £8,000,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 38.9% | 19.7% | |
| Net margin | 18.7% | 3.9% | |
| Return on capital employed | 7.4% | 3.2% | |
| Current ratio | 0.34x | 0.40x | |
| Interest cover | 2.52x | 1.25x |
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 2 times since incorporation
- SCOTLAND GAS NETWORKS PLC 2005-09-29 → present
- SCOTLAND GAS NETWORKS LIMITED 2005-06-01 → 2005-09-29
- BLACKWATER SC A LIMITED 2004-02-26 → 2005-06-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have forecast cash flows for the Company for the next twelve months to 31 July 2026 (the going concern period) and have obtained a support letter from Scotia Gas Networks Limited confirming that it can and will support the Company in meeting its liabilities throughout the going concern period.”
Significant events
- “In April 2025, the Company entered into an uncommitted £150m Private Placement Shelf Facility, which is available until 31 March 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
17 active · 53 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAKONI, Fungai | Secretary | 2025-04-01 | — | — |
| ADAM, James Alexander | Director | 2025-01-30 | Oct 1970 | British,Canadian |
| BOTHA, Michael John | Director | 2022-03-22 | Apr 1970 | Canadian |
| BRUNNING, Charlotte Louise | Director | 2018-05-02 | Apr 1986 | British |
| CATCHPOLE, Martin Paul | Director | 2022-03-23 | Dec 1975 | British |
| DEMES, David | Director | 2025-01-30 | Feb 1989 | Slovak |
| GOIS, Afonso Castello-Branco | Director | 2025-05-16 | Mar 1985 | Portuguese |
| KILONBACK, Simon David | Director | 2025-09-11 | Feb 1974 | British |
| KING, Anthony John | Director | 2025-09-11 | Dec 1968 | British |
| LUMLOCK, Rebecca Elizabeth | Director | 2022-03-22 | May 1973 | British |
| MURRAY, Christopher John | Director | 2026-01-01 | Apr 1956 | British |
| ROSENTHAL, Jeffrey | Director | 2022-06-14 | Oct 1959 | Canadian |
| SALMON, Nicholas Robin | Director | 2019-03-14 | Jun 1952 | British |
| SMART, Michael Oswald | Director | 2022-05-27 | Mar 1981 | British |
| TRIMMER, Paul John Vincent | Director | 2022-03-23 | Mar 1956 | British |
| TURNELL-HENRY, Mathew David | Director | 2025-05-16 | Feb 1987 | British |
| WHITTINGTON, Joanna Sarah | Director | 2023-10-19 | Dec 1966 | British |
Show 53 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Jonathan Jeffrey | Secretary | 2010-03-30 | 2011-07-26 |
| BIRTWISTLE, Megan Rose | Secretary | 2023-11-01 | 2025-01-15 |
| DURRANT, Andrew Peter | Secretary | 2004-02-26 | 2005-06-01 |
| EVES, Richard Anthony | Secretary | 2004-02-26 | 2005-06-01 |
| GRAY, Ailsa Mary | Secretary | 2005-06-01 | 2009-01-29 |
| HARDING, Debbie Mary | Secretary | 2009-01-29 | 2010-03-30 |
| SHAND, Nicola Anne | Secretary | 2011-07-26 | 2025-11-06 |
| SYLVESTER, Sharmila Virginia | Secretary | 2021-12-01 | 2023-11-01 |
| ALEXANDER, Fraser Mcgregor | Director | 2005-06-01 | 2022-03-22 |
| BRADBURY, Kenton Edward | Director | 2016-05-26 | 2018-09-14 |
| BUCK, Colin | Director | 2004-08-27 | 2005-06-01 |
| COVASSIN, Tanya Maria | Director | 2005-06-01 | 2008-06-26 |
| DOWD, Stephen Donald | Director | 2006-11-24 | 2013-03-26 |
| DURRANT, Andrew Peter | Director | 2004-02-26 | 2004-08-27 |
| EVES, Richard Anthony | Director | 2004-02-26 | 2004-08-27 |
| FAIRBAIRN, Mark Robert | Director | 2004-08-27 | 2005-06-01 |
| FINGERLE, Christian Herbert, Dr | Director | 2022-05-27 | 2024-09-13 |
| FLAGEUL, Natalie Michaela | Director | 2011-09-27 | 2020-07-22 |
| FLEMING, Neil Patrick | Director | 2015-03-24 | 2018-05-02 |
| FRIEDRICHSEN, Adam Michael Cooper | Director | 2021-07-01 | 2022-03-23 |
| GROSS, Matthew Jonathan | Director | 2024-01-04 | 2026-03-31 |
| GRUND, Ines | Director | 2018-07-18 | 2020-11-03 |
| HALSEY, David John | Director | 2004-08-27 | 2005-06-01 |
| HOLLIDAY, Steven John | Director | 2004-08-27 | 2005-06-01 |
| HOOD, Colin William | Director | 2005-06-01 | 2011-09-27 |
| JEFFERY, Paul Robert | Director | 2014-01-28 | 2026-01-01 |
| JUGGINS, Graham Gerald | Director | 2014-01-28 | 2018-09-06 |
| JUGGINS, Graham Gerald | Director | 2005-06-01 | 2006-07-21 |
| KAY, Alison Barbara | Director | 2005-05-20 | 2005-06-01 |
| KERRENNEUR, Antoine Jean René | Director | 2023-03-29 | 2024-04-15 |
| LAMBERT, Guy | Director | 2016-10-26 | 2022-03-22 |
| LEPIN, Ronald Kenneth | Director | 2005-06-01 | 2006-11-24 |
| LOPEZ DELGADO, Alejandro | Director | 2015-11-24 | 2019-06-28 |
| MCCOSKER, Peter Joseph | Director | 2019-06-07 | 2021-05-31 |
| MCDONALD, Robert | Director | 2006-07-21 | 2022-03-22 |
| MCMANUS, John James | Director | 2012-03-27 | 2020-07-01 |
| MCNICHOLAS, Michael | Director | 2019-06-28 | 2022-03-23 |
| MCPHILLIMY, James | Director | 2005-06-01 | 2016-10-26 |
| NOBREGA, Michael | Director | 2005-06-01 | 2007-03-10 |
| O'SULLIVAN, James Christopher | Director | 2004-08-27 | 2005-06-01 |
| ONARHEIM, Henrik Oliver Andreas | Director | 2021-07-05 | 2022-03-22 |
| ORTIZ, Felipe | Director | 2022-03-22 | 2025-05-08 |
| PIRBHAI, Juzar | Director | 2013-03-26 | 2014-07-29 |
| POPA, Mariana | Director | 2018-05-15 | 2019-06-07 |
| ROLLAND, John Michael | Director | 2007-12-31 | 2012-03-27 |
| SANDYS, Laura | Director | 2018-10-01 | 2023-10-31 |
| SHERMAN, Sebastien Bernard | Director | 2007-03-10 | 2015-11-24 |
| STEEDMAN, Olivia Penelope | Director | 2008-07-29 | 2016-05-26 |
| TAYLOR, Andrew Jonathan Mark | Director | 2016-05-26 | 2019-03-14 |
| THOMAZI, Charles | Director | 2017-10-26 | 2024-06-12 |
| TRAIN, Christopher | Director | 2005-05-20 | 2005-06-01 |
| VOELTZEL, Delphine | Director | 2020-07-01 | 2021-07-01 |
| WATTERS, Robert | Director | 2005-06-01 | 2007-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sgn Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-05 | Active |
| Sgn Pledgeco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-12-04 | Ceased 2017-12-05 |
| Scotia Gas Networks Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-12-04 |
Filing timeline
Last 20 of 243 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-01 MA Memorandum articles
- 2025-10-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-01 | MA | incorporation | Memorandum articles | |
| 2025-10-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-19 | AA | accounts | Accounts with accounts type full | |
| 2025-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 4
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.