NATIONAL GRID NORTH SEA LINK LIMITED

Accounts Submitted 14 Oct 2024

Confirmation Statement Submitted 15 Apr 2025

Net assets £661.09M £40.41M 2023 year on year

Total assets £756.87M £41.18M 2023 year on year

Total Liabilities £95.79M £81.60M 2023 year on year

Charges None No charges registered

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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 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2014–2023)

Cash in Bank

£375.00k

Decreased by £6.03M (-94%)

Net Assets

£661.09M

Increased by £40.41M (+7%)

Total Liabilities

£95.79M

Decreased by £81.60M (-46%)

Turnover

£192.63M

Increased by £56.33M (+41%)

Employees

N/A

Debt Ratio

13%

Decreased by 9 (-41%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 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

1 Allotment 191,000,000 Shares £191.00m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
18 Feb 2021	ORDINARY	191,000,000	£191.00m	£1

Officers

5 active 28 resigned

Show resigned officers

						Status
Katie Suzanne Hollis	Secretary	Unknown	Unknown	—	6 Nov 2023	Active
Matthew Francis Pisarski	Director	British	United Kingdom	45	1 Sept 2023	Active
Rebecca Sedler	Director	British	England	48	1 Apr 2023	Active
Rob Rome	Director	British	England	53	1 Sept 2023	Active
Stewart William Whyte	Director	British	United Kingdom	42	1 Apr 2025	Active

Shareholders

Shareholders (1)


National Grid Interconnector Holdings Limited	100.0%	175,000,002	Ordinary	11 Feb 2020

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 75 To 100 Percent
Voting Rights 75 To 100 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

NATIONAL GRID NORTH SEA LINK LIMITED Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
15 Apr 2025	Confirmation Statement	Confirmation statement made on 2025-04-11 with no updates	View(3 pages)
2 Apr 2025	Officers	Appointment of Mr Stewart William Whyte as director on 2025-04-01	View(2 pages)
11 Nov 2024	Officers	Termination of Philip James Sandy as director on 2024-11-04	View(1 page)
14 Oct 2024	Accounts	Annual accounts made up to 2024-03-31	View(33 pages)
17 Apr 2024	Confirmation Statement	Confirmation statement made on 2024-04-11 with no updates	View(3 pages)