NORTHERN ELECTRIC FINANCE PLC - Profile & Financials

Accounts Submitted 18 Jun 2025

Confirmation Statement Submitted 23 Jun 2025

Net assets £-1.79M £37.00K 2024 year on year

Total assets £302.08M £3.44M 2024 year on year

Total Liabilities £303.87M £3.40M 2024 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

Lloyds Court 78 Grey Street Newcastle Upon Tyne NE1 6AF

Credit Report

Discover NORTHERN ELECTRIC FINANCE PLC's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2014–2024)

Cash in Bank

N/A

Net Assets

-£1.79M

Decreased by £37.00k (-2%)

Total Liabilities

£303.87M

Decreased by £3.40M (-1%)

Turnover

N/A

Employees

N/A

Debt Ratio

101%

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

4 active 15 resigned

Show resigned officers

						Status
Alexander Patrick Jones	Director	British	England	40	14 Apr 2022	Active
Jennifer Catherine Riley	Secretary	Unknown	Unknown	—	20 Jan 2017	Active
Philip Antony Jones	Director	British	England	57	16 Oct 2009	Active
Thomas Hugh France	Director	British	England	41	15 Dec 2016	Active

Shareholders

Shareholders (2)


Northern Powergrid (northeast) Plc	100.0%	49,999	Ordinary	22 Jun 2020
Northern Electric Plc	0.0%	1	Ordinary	22 Jun 2020

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Northern Powergrid (northeast) Plc

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

See All Controllers

Group Structure

NORTHERN POWERGRID (NORTHEAST) PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

NORTHERN ELECTRIC PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

NORTHERN POWERGRID LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

NORTHERN POWERGRID UK HOLDINGS united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

NORTHERN POWERGRID HOLDINGS COMPANY united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

BERKSHIRE HATHAWAY INC. united states of america

NORTHERN ELECTRIC FINANCE PLC Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
15 Sept 2025	Address	Change Sail Address Company With New Address	View(1 page)
23 Jun 2025	Confirmation Statement	Confirmation statement made on 2025-06-20 with no updates	View(3 pages)
18 Jun 2025	Accounts	Annual accounts made up to 2024-12-31	View(29 pages)
9 Oct 2024	Auditors	Auditors Resignation Company	View(2 pages)
16 Sept 2024	Auditors	Auditors Resignation Company	View(3 pages)