ESBNI LIMITED
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Cash
£2.3m
-93.9% lowest in 3 filed years
Net assets
-£184m
-11.6% vs 2024
Employees
—
Average over period
Profit before tax
-£35m
-184.7% lowest 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 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£38,059,000 | £25,444,000 | -£26,898,000 | -205.7% | |
| Profit before tax | -£27,323,000 | £40,733,000 | -£34,504,000 | -184.7% | |
| Net profit | -£11,402,000 | £43,951,000 | -£19,088,000 | -143.4% | |
| Cash | £4,193,000 | £37,816,000 | £2,298,000 | -93.9% | |
| Total assets less current liabilities | £918,298,000 | £422,355,000 | £327,406,000 | -22.5% | |
| Net assets | -£208,431,000 | -£164,480,000 | -£183,568,000 | -11.6% | |
| Equity | -£208,431,000 | -£164,480,000 | -£183,568,000 | -11.6% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
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 |
|---|---|---|---|---|
| Return on capital employed | -4.1% | 6.0% | -8.2% | |
| Gearing (liabilities / total assets) | 122.1% | 116.9% | 119.0% | |
| Current ratio | 2.85x | 0.18x | 0.15x | |
| Interest cover | -1.28x | 0.66x | -0.77x |
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 (NI) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors, having regard to the continued support of its shareholders, have a reasonable expectation that the Company will have adequate financial resources to continue in operational existence for at least 12 months from the date of approval of these financial statements and consider that it is appropriate to adopt the going concern basis in preparing the financial statements.”
Group structure
- ESBNI LIMITED · parent
- Northern Ireland Electricity Limited 100%
- NIE Finance Plc 100%
- Capital Pensions Management Limited 100%
- Northern Ireland Electricity Networks Limited 100%
- NIE Networks Services Limited 100%
- NIE Limited 100%
Significant events
- “The conflicts in the Middle East have created significant uncertainty in global markets, in particular, increased volatility in energy and commodity markets, increases in price inflation and potential supply disruption which may have direct and indirect impacts on individuals and businesses. The directors will continue to monitor this evolving situation and consider any impacts on the Company.”
- “There have been no other significant events since the Balance Sheet date that the Directors believe require adjustment to, or disclosure in the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORCORAN, Brendan | Secretary | 2017-03-01 | — | — |
| COWLER, Deirdre | Director | 2017-05-05 | Aug 1967 | Irish |
| KEAN, Anne Marie | Director | 2022-03-01 | Sep 1974 | Irish |
| MCCARTHY, Jennifer | Director | 2024-03-20 | Nov 1982 | Irish |
| MCKILLOP, Barry | Director | 2024-03-20 | Aug 1990 | British |
| TALLON, Gerry | Director | 2017-05-05 | Nov 1975 | Irish |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HEALY, John | Secretary | 2015-01-29 | 2017-03-01 |
| O'BRIEN, Michael | Secretary | 2012-09-26 | 2013-12-31 |
| O'BRIEN, Victoria | Secretary | 2013-12-31 | 2015-01-29 |
| REDMOND, John | Secretary | 2010-06-22 | 2012-09-26 |
| ARTHUR, Grace | Director | 2020-02-04 | 2024-03-20 |
| BYRNE, Edward | Director | 2020-07-01 | 2022-03-01 |
| FENLON, Patrick | Director | 2016-03-04 | 2020-02-04 |
| HEALY, John | Director | 2015-01-26 | 2020-07-01 |
| HORAN, Brid | Director | 2013-06-26 | 2014-09-25 |
| MARLEY, Cathal | Director | 2013-12-18 | 2016-03-04 |
| O'BRIEN, Michael | Director | 2012-09-26 | 2013-12-18 |
| O'BRIEN, Victoria | Director | 2013-12-18 | 2015-01-26 |
| O'FLANAGAN, Andrew | Director | 2010-06-22 | 2011-02-17 |
| O'SULLIVAN, Jerry | Director | 2014-11-26 | 2017-05-05 |
| REDMOND, John | Director | 2010-06-22 | 2012-09-26 |
| SHINE, Malachy John | Director | 2010-06-22 | 2013-06-01 |
| STAPLETON, Paul James | Director | 2011-02-17 | 2013-12-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Government Of Ireland | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 77 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-14 | CH01 | officers | Change person director company with change date | |
| 2026-07-10 | CH01 | officers | Change person director company | |
| 2026-07-03 | AA | accounts | Accounts with accounts type full | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | AA | accounts | Accounts with accounts type full | |
| 2024-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-15 | AA | accounts | Accounts with accounts type full | |
| 2022-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-22 | CH01 | officers | Change person director company with change date | |
| 2022-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-15 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.