NORTHERN POWERGRID (YORKSHIRE) PLC
Operating as part of the Northern Powergrid brand, this Berkshire Hathaway Energy subsidiary is a public limited company serving as the electricity distribution network operator for Yorkshire and North Lincolnshire.
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Cash
£0
-100% lowest in 3 filed years
Net assets
-£1.5B
+10.1% highest in 3 filed years
Employees
1,302
+5.9% highest in 3 filed years
Profit before tax
£171M
-39% vs 2024
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 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £523,789,000 | £657,083,000 | £562,156,000 | -14.4% | |
| Operating profit | £199,971,000 | £332,832,000 | £237,936,000 | -28.5% | |
| Profit before tax | £163,806,000 | £280,517,000 | £171,099,000 | -39% | |
| Net profit | £127,454,000 | £211,973,000 | £134,282,000 | -36.7% | |
| Cash | £244,000 | £212,000 | £0 | -100% | |
| Total assets less current liabilities | £4,112,574,000 | £3,765,565,000 | £4,156,929,000 | +10.4% | |
| Net assets | -£1,832,431,000 | -£1,644,404,000 | -£1,478,686,000 | +10.1% | |
| Equity | -£1,832,431,000 | -£1,644,404,000 | -£1,478,686,000 | +10.1% | |
| Average employees | 1,163 | 1,229 | 1,302 | +5.9% | |
| Wages | £65,891,000 | £75,036,000 | £85,171,000 | +13.5% | |
| Directors' remuneration | £1,169,000 | £635,000 | £713,000 | +12.3% |
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 | 38.2% | 50.7% | 42.3% | |
| Net margin | 24.3% | 32.3% | 23.9% | |
| Return on capital employed | 4.9% | 8.8% | 5.7% | |
| Gearing (liabilities / total assets) | 142.6% | 137.7% | 132.3% | |
| Current ratio | 1.20x | 0.17x | 0.27x | |
| Interest cover | 5.41x | 6.12x | 3.39x |
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
- NORTHERN POWERGRID (YORKSHIRE) PLC 2011-10-31 → present
- YORKSHIRE ELECTRICITY DISTRIBUTION PLC 2001-06-21 → 2011-10-31
- YELECO 32 LIMITED 2000-11-22 → 2001-06-21
Audit & accounting basis
- Accounting basis
- UK-adopted IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. [...] Consequently, after making their assessment, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- NORTHERN POWERGRID (YORKSHIRE) PLC · parent
- Northern Powergrid (Northeast) plc
- Northern Powergrid Metering Limited
- Integrated Utility Services (Eire)
- Integrated Utility Services Limited
- Northern Electric plc
- Vehicle Lease and Service Limited
- Yorkshire Electricity Group plc
- Northern Powergrid Holdings Company
- General Reinsurance Limited
Significant events
- “On 31 March 2025, the Company completed the second year of the RIIO-ED2 price control, which became effective on 1 April 2023, and will conclude on 31 March 2028 (the "ED2 period").”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RILEY, Jennifer Catherine | Secretary | 2017-01-20 | — | — |
| FRANCE, Thomas Hugh | Director | 2016-12-15 | Jan 1985 | British |
| JONES, Alexander Patrick | Director | 2022-04-14 | Aug 1985 | British |
| JONES, Philip Antony, Dr | Director | 2002-11-12 | Oct 1968 | British |
| MACLENNAN, Andrew John | Director | 2015-07-17 | Mar 1967 | British |
| MARSHALL, Alison Ruth | Director | 2014-04-01 | Jan 1965 | British |
| TAYLOR, Philip Charles, Professor | Director | 2014-04-01 | Oct 1970 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWDEN, Michael | Secretary | 2001-06-06 | 2001-09-21 |
| CHRISTIE, Sarah Marie Davenport | Secretary | 2000-11-22 | 2001-01-24 |
| DICKINSON, Roger | Secretary | 2001-01-24 | 2001-06-26 |
| ELLIOTT, John | Secretary | 2001-09-21 | 2017-01-20 |
| ABEL, Gregory Edward | Director | 2002-09-05 | 2009-10-16 |
| BARNETT, John Philip | Director | 2012-04-01 | 2015-08-13 |
| CONNOR, Phillip Eric | Director | 2001-09-21 | 2009-10-16 |
| COUNT, Brian Morrison, Dr | Director | 2001-06-06 | 2001-09-21 |
| DICKINSON, Roger | Director | 2000-11-22 | 2001-01-24 |
| DIXON, Ronald | Director | 2009-10-16 | 2017-10-26 |
| FIELDEN, Thomas Edward | Director | 2009-10-16 | 2021-02-15 |
| FLETCHER, Stephen Paul | Director | 2001-06-06 | 2001-09-21 |
| FLYNN, Gary Aidan | Director | 2002-11-12 | 2006-09-15 |
| FRANCE, John Martin, Dr | Director | 2002-09-05 | 2018-04-05 |
| GILL, Nicholas Michael | Director | 2006-11-17 | 2019-04-30 |
| HALL, Graham Joseph | Director | 2001-01-24 | 2001-04-03 |
| HORSLEY, Mark John | Director | 2002-09-05 | 2006-10-31 |
| LINGE, Kenneth | Director | 2001-09-21 | 2009-10-16 |
| MAWSON, Keith Anthony | Director | 2001-01-24 | 2001-09-21 |
| STALLMEYER, James Duncan | Director | 2002-09-05 | 2005-08-26 |
| TOWNSEND, Tudor George | Director | 2001-01-24 | 2001-09-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Yorkshire Electricity Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-15 | AA | accounts | Accounts with accounts type full | |
| 2025-12-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AD03 | address | Move registers to sail company with new address | |
| 2025-09-15 | AD02 | address | Change sail address company with new address | |
| 2025-06-18 | AA | accounts | Accounts with accounts type full | |
| 2024-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-09 | AUD | auditors | Auditors resignation company | |
| 2024-09-16 | AUD | auditors | Auditors resignation company | |
| 2024-05-16 | AA | accounts | Accounts with accounts type full | |
| 2023-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-12 | AA | accounts | Accounts with accounts type full | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-27 | AA | accounts | Accounts with accounts type full | |
| 2022-04-21 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-11 | AA | accounts | Accounts with accounts type full | |
| 2021-02-26 | CH01 | officers | Change person director company with change date | |
| 2021-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2020-11-23 | 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.