GTC PIPELINES LIMITED
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Cash
£4.2k
+63.9% vs 2024
Net assets
£1.1bn
+1.1% vs 2024
Employees
0
Average over period
Profit before tax
£20m
-5.6% vs 2024
Watch the reel
Our short-form breakdown of GTC PIPELINES LIMITED's latest filing
GTC Pipelines owns the gas networks under Britain's new housing estates. It made £137m in revenue last year with zero direct employees — but the move away from gas boilers means its core asset is facing an uncertain future. 🏘️📉
Net assets
3-year trend · vs Industrials 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 | £111,747,193 | £127,022,741 | £136,699,692 | +7.6% | |
| Operating profit | £33,298,331 | £39,487,926 | £43,632,611 | +10.5% | |
| Profit before tax | £17,722,421 | £20,714,386 | £19,558,811 | -5.6% | |
| Net profit | £13,937,269 | £14,937,825 | £13,943,468 | -6.7% | |
| Cash | £13,774 | £2,565 | £4,203 | +63.9% | |
| Total assets less current liabilities | £1,380,499,474 | £1,357,329,341 | £1,374,557,168 | +1.3% | |
| Net assets | £1,095,133,473 | £1,077,651,381 | £1,089,616,080 | +1.1% | |
| Equity | £1,095,133,473 | £1,077,651,381 | £1,089,616,080 | +1.1% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £0 | £0 | — |
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 | 29.8% | 31.1% | 31.9% | |
| Net margin | 12.5% | 11.8% | 10.2% | |
| Return on capital employed | 2.4% | 2.9% | 3.2% | |
| Gearing (liabilities / total assets) | 35.5% | 37.8% | 38.3% | |
| Current ratio | 0.05x | 0.05x | 0.05x | |
| Interest cover | 2.14x | 2.10x | 1.81x |
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
- GTC PIPELINES LIMITED 1999-11-18 → present
- EASTERN PIPELINES LIMITED 1996-07-05 → 1999-11-18
- EASTERN NINE LIMITED 1995-11-21 → 1996-07-05
- LEGISLATOR 1252 LIMITED 1995-09-20 → 1995-11-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the above, the Directors have a reasonable expectation that the Group and Company can continue to meet its liabilities as they fall due, for a period of at least 12 months from the date of this annual report.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MUMFORD, Christopher | Secretary | 2013-03-05 | — | British |
| ALDRIDGE, Ian Craig | Director | 2022-09-09 | Feb 1963 | British |
| BRETT, Richard Mark | Director | 2023-07-28 | Jun 1985 | British |
| HOCKMAN, Samuel | Director | 2025-03-31 | Sep 1982 | British |
| LINSDELL, Clive Eric | Director | 2006-06-01 | Mar 1962 | British |
| SHAW, Neil Edward | Director | 2024-05-09 | Apr 1962 | British |
| TROUNSON, John | Director | 2017-12-01 | Dec 1966 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELLIS, Philip Arthur | Secretary | 1996-06-10 | 1999-11-10 |
| LARGENT, Barry Roy | Secretary | 2005-09-16 | 2009-02-13 |
| LEE, Simon John | Secretary | 2009-02-13 | 2016-06-17 |
| MANNING, Edward Andrew | Secretary | 2023-11-06 | 2024-06-15 |
| POOLEY, Maureen | Secretary | 1995-09-20 | 1995-10-13 |
| STANDRING, Susan Lisa | Secretary | 2016-08-18 | 2022-04-20 |
| SWEET, Simon Andrew | Secretary | 1995-10-13 | 1996-06-10 |
| CHARTER COURT SECRETARIES LTD | Corporate Secretary | 2003-05-01 | 2005-09-16 |
| SECRETARIAL LAW LIMITED | Corporate Secretary | 1999-11-10 | 2003-05-01 |
| ANSTEE, Eric Edward | Director | 1996-06-10 | 1997-02-24 |
| CORNEY, Darryl John | Director | 2013-08-09 | 2023-07-28 |
| DALE, John | Director | 2012-05-08 | 2017-12-29 |
| DEVANEY, John Francis | Director | 1996-06-10 | 1998-12-02 |
| ELLIS, Philip Arthur | Director | 1995-10-13 | 1996-06-10 |
| FAIRCLOUGH, Paul | Director | 1999-11-10 | 2004-07-15 |
| HINDLE, Nicola Ruth | Director | 2021-04-14 | 2023-12-20 |
| HYAMS, Edward Barnard | Director | 1998-04-01 | 1999-11-10 |
| JOHNSTON, Keith | Director | 2014-02-26 | 2022-09-09 |
| MARSH, Paul Colin | Director | 1996-09-30 | 1999-11-10 |
| MARSHALL, Diana Jane | Director | 1995-09-20 | 1995-10-13 |
| MORGAN, Dawn Caroline | Director | 2004-07-15 | 2011-10-31 |
| PALMER, Martin John | Director | 1999-11-10 | 2003-06-17 |
| POOLEY, Maureen | Director | 1995-09-20 | 1995-10-13 |
| RICHARDS, Michael Roy | Director | 1999-11-10 | 2006-09-30 |
| SHAW, Neil Edward | Director | 2003-06-17 | 2013-12-31 |
| SPRUCE, Anthony | Director | 1999-11-23 | 2006-03-31 |
| WHELAN, James | Director | 1996-09-16 | 1998-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Buuk Infrastructure No 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-12-07 | Active |
| Gpl Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-12-07 |
Filing timeline
Last 20 of 170 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-06-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-04-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.