BRITNED DEVELOPMENT LIMITED - Profile & Financials

Accounts Submitted 17 Sept 2025

Confirmation Statement Submitted 12 Aug 2025

Net assets £336.53M £23.17M 2024 year on year

Total assets £433.50M £57.04M 2024 year on year

Total Liabilities £96.97M £33.87M 2024 year on year

Charges 2

2 satisfied

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Contact & Details

Contact

Update Details

Registered Address

1-3 Strand London WC2N 5EH

Credit Report

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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

£63.16M

Decreased by £22.88M (-27%)

Net Assets

£336.53M

Decreased by £23.17M (-6%)

Total Liabilities

£96.97M

Decreased by £33.87M (-26%)

Turnover

£108.21M

Decreased by £189.50M (-64%)

Employees

N/A

Debt Ratio

22%

Decreased by 5 (-19%)

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

Share Capital

Share allotments and capital structure

16 Allotments 263,000,000 Shares £263.00m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
1 Dec 2011	C - ORDINARY	10,000,000	€10.00m	€1
1 Dec 2011	D- ORDINARY	10,000,000	€10.00m	€1
23 Mar 2011	C - ORDINARY	46,000,000	€46.00m	€1
23 Mar 2011	D- ORDINARY	46,000,000	€46.00m	€1
15 Dec 2010	C - ORDINARY	7,500,000	€7.50m	€1

Officers

5 active 36 resigned

Show resigned officers

						Status
Clara Semal	Director	Belgian	United Kingdom	36	12 Oct 2023	Active
Frank Woessink	Director	Dutch	Netherlands	43	1 Aug 2025	Active
Jan-paul Dijckmans	Director	Dutch	Netherlands	53	1 Oct 2019	Active
Katie Suzanne Hollis	Secretary	Unknown	Unknown	—	6 Nov 2023	Active
Rebecca Sedler	Director	British	England	48	1 Apr 2023	Active

Shareholders

Shareholders (4)


Nlink International B.v.	50.0%	284,500,000	D- Ordinary	3 Aug 2015
National Grid Interconnector Holdings Limited	50.0%	284,500,000	C - Ordinary	3 Aug 2015
Nlink International B.v	0.0%	1	Ordinary-b	3 Aug 2015

Persons with Significant Control

Persons with Significant Control (1)

1 Active

National Grid Interconnector Holdings Limited

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 25 To 50 Percent
Voting Rights 25 To 50 Percent
Right To Appoint And Remove Directors

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Group Structure

NATIONAL GRID INTERCONNECTOR HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

NATIONAL GRID HOLDINGS ONE PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

NATIONAL GRID PLC united kingdom

BRITNED DEVELOPMENT LIMITED Current Company

Charges

2 satisfied

Documents

Company Filings

Date	Category	Description	Document
17 Sept 2025	Accounts	Annual accounts made up to 2024-12-31	View(40 pages)
12 Aug 2025	Confirmation Statement	Confirmation statement made on 2025-08-01 with no updates	View(3 pages)
1 Aug 2025	Officers	Appointment of Mr Frank Woessink as director on 2025-08-01	View(2 pages)
1 Aug 2025	Officers	Termination of Richard Gort as director on 2025-08-01	View(1 page)
9 Jan 2025	Officers	Appointment of Dr Richard Gort as director on 2025-01-01	View(2 pages)