SP MANWEB PLC
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Cash
£4.5m
+73.1% vs 2024
Net assets
£973m
+11.2% highest in 3 filed years
Employees
954
+7.8% highest in 3 filed years
Profit before tax
£227m
+14.3% highest in 3 filed years
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £503,900,000 | £588,300,000 | £653,000,000 | +11% | |
| Operating profit | £179,400,000 | £298,800,000 | £327,600,000 | +9.6% | |
| Profit before tax | £88,200,000 | £198,200,000 | £226,500,000 | +14.3% | |
| Net profit | £58,200,000 | £149,200,000 | £171,800,000 | +15.1% | |
| Cash | £12,900,000 | £2,600,000 | £4,500,000 | +73.1% | |
| Total assets less current liabilities | £3,631,600,000 | £3,727,000,000 | £4,072,200,000 | +9.3% | |
| Net assets | £793,700,000 | £874,400,000 | £972,700,000 | +11.2% | |
| Equity | £793,700,000 | £874,400,000 | £972,700,000 | +11.2% | |
| Average employees | 857 | 885 | 954 | +7.8% | |
| Wages | £51,500,000 | £57,200,000 | £66,700,000 | +16.6% | |
| Directors' remuneration | £1,207,000 | £1,005,000 | £1,232,000 | +22.6% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 35.6% | 50.8% | 50.2% | |
| Net margin | 11.5% | 25.4% | 26.3% | |
| Return on capital employed | 4.9% | 8.0% | 8.0% | |
| Gearing (liabilities / total assets) | 79.8% | 78.8% | 77.8% | |
| Current ratio | 0.83x | 0.59x | — | |
| Interest cover | 1.94x | 2.77x | 3.13x |
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 3 times since incorporation
- SP MANWEB PLC 2001-10-02 → present
- MANWEB PLC 2001-05-23 → 2001-10-02
- SP MANWEB PLC 2001-05-14 → 2001-05-23
- MANWEB PLC 1989-04-01 → 2001-05-14
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of these financial statements ("the going concern period").”
Significant events
- “In March 2025, the UK Competition and Markets Authority cleared the acquisition by SPENH of an 88% shareholding in Electricity North West (Holdings) Limited (previously known as North West Electricity Networks (Jersey) Limited) ("ENWH").”
- “In 2025, Energy Networks embedded a new Al-powered waste and resource tracking tool called Qflow. This innovative system enables the real-time capture of supply chain waste data through photographic evidence and has been well received by Energy Networks' contractor community.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 56 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PHILIP, Andrew | Secretary | 2025-11-26 | — | — |
| BAKER PESSOA DE ARAUJO, Beatrice Helene | Director | 2026-01-01 | Apr 1961 | Portuguese |
| CONNELLY, Nicola Mary | Director | 2024-07-01 | Sep 1970 | British |
| HENDRY, Charles, Rt Hon. | Director | 2023-01-31 | May 1959 | British |
| KING, Gillian Elizabeth | Director | 2024-06-19 | Jun 1964 | British |
| O'SULLIVAN, Liam Gavin | Director | 2020-12-16 | Apr 1977 | British |
Show 56 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Michael Howard | Secretary | 2011-01-07 | 2014-12-31 |
| GREGG, Rhona | Secretary | 2006-06-30 | 2007-10-26 |
| MCCULLOCH, Alan William | Secretary | 2003-05-01 | 2005-09-30 |
| MCPHERSON, Donald James | Secretary | 2005-09-30 | 2006-06-30 |
| MITCHELL, Andrew Ross | Secretary | 1995-10-12 | 2003-05-01 |
| O'GORMAN, Seumus | Secretary | 2014-12-31 | 2025-11-26 |
| ROSS, Marie Isobel | Secretary | 2007-10-26 | 2011-01-07 |
| WILLIAMS, David Nicholas | Secretary | — | 1995-10-12 |
| ABEL, Geoffrey Charles | Director | 1997-02-19 | 1998-03-31 |
| ASTALL, John | Director | — | 1994-10-31 |
| BARNES, Wendy Jacqueline | Director | 2015-01-01 | 2020-05-06 |
| BERRY, Charles Andrew | Director | 1996-08-12 | 2001-09-14 |
| BRYCE, Alan Alexander | Director | 2007-01-31 | 2009-10-01 |
| CARNWATH, Alison Jane, Dame | Director | 1993-06-10 | 1995-10-12 |
| CURRIE, Stanley | Director | 2001-01-29 | 2001-09-14 |
| FENWICK, Trevor John | Director | 1996-10-01 | 1999-02-28 |
| FOX, Suzanne | Director | 2022-02-02 | 2023-01-31 |
| FOX, Suzanne | Director | 2017-09-27 | 2018-11-15 |
| GARSTON, Sheila Margaret Nesta | Director | — | 1993-03-31 |
| GLOVER, Lesley Anne, Professor Dame | Director | 2019-07-03 | 2022-03-20 |
| GOODALL, Ralph William | Director | 1993-09-07 | 1995-10-12 |
| HAYWOOD, Elizabeth Zaidee, Dr | Director | 2015-01-01 | 2017-12-31 |
| HOLT, Denise Mary, Dame | Director | 2014-03-31 | 2014-06-24 |
| HOPKINS, Peter Donald | Director | — | 1995-07-31 |
| HUTTON, John Matthew, Lord | Director | 2024-07-16 | 2025-05-05 |
| KELSALL, Vicky | Director | 2022-08-26 | 2024-06-30 |
| KINSKI, Michael John | Director | 1995-10-12 | 1998-03-01 |
| KIRKHAM, Howard | Director | — | 1995-10-12 |
| LANDELS, William Daniel | Director | 1996-08-12 | 1999-09-01 |
| LEONARD, Colin William | Director | — | 1994-10-09 |
| MACLAREN, Robert Francis Bayvel, Professor | Director | 2001-09-14 | 2005-03-30 |
| MATHIESON, Scott Hamilton | Director | 2005-11-18 | 2026-01-22 |
| MCDONALD, James Rufus, Professor Sir | Director | 2014-03-31 | 2015-11-18 |
| MCGREGOR, Alison Mary | Director | 2018-11-15 | 2024-08-22 |
| MENZIES, John Ivor Gibbons | Director | 1999-06-18 | 2001-01-29 |
| MERCER, Ronnie Edward | Director | 2001-09-14 | 2005-01-10 |
| MITCHELL, Frank | Director | 2009-10-01 | 2022-08-26 |
| MORGAN, Richard Francis | Director | — | 1994-04-01 |
| MORRIS, George Eryl | Director | — | 1995-10-12 |
| NIGHTINGALE, Glen | Director | — | 1995-10-12 |
| NISH, David Thomas | Director | 2005-01-10 | 2005-09-06 |
| NISH, David Thomas | Director | 1998-02-18 | 2001-09-14 |
| RICHARDSON, Alan Victor, Prof | Director | 1996-08-12 | 1999-06-18 |
| ROBERTS, John Edward | Director | — | 1995-10-12 |
| ROBINSON, Ian, Sir | Director | 1995-10-12 | 1997-09-01 |
| RUSSELL, Ian Simon Macgregor | Director | 1995-10-12 | 2001-09-14 |
| RUTHERFORD, David | Director | 2005-09-06 | 2007-01-31 |
| SAUNDERS, Stewart Henry | Director | 1999-09-01 | 2002-03-31 |
| SIDDALL, Stuart James | Director | 1995-05-01 | 1995-10-12 |
| STEWART, Stephen Alexander | Director | 2015-04-30 | 2020-06-10 |
| SUTHERLAND, James | Director | 2005-03-30 | 2005-11-18 |
| VERNON-SMITH, David Alexander | Director | 1994-03-01 | 1995-10-12 |
| VOWLES, Kenneth Leslie, Professor | Director | 1999-04-21 | 2002-03-31 |
| WESTON, Bryan Henry | Director | — | 1994-09-01 |
| WHYTE, Duncan | Director | 1995-10-12 | 1999-05-31 |
| WILSON, James Fleming | Director | 2002-05-27 | 2005-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottish Power Energy Networks Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 357 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-07 | AA | accounts | Accounts with accounts type full | |
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-11-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-06-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-06 | AA | accounts | Accounts with accounts type full | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.