NATIONAL GRID IFA 2 LIMITED - Profile & Financials

Accounts Submitted 15 Oct 2024

Confirmation Statement Submitted 10 Feb 2025

Net assets £445.08M £16.37M 2023 year on year

Total assets £571.89M £82.92M 2023 year on year

Total Liabilities £126.82M £66.55M 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

£279.00k

Net Assets

£445.08M

Decreased by £16.37M (-4%)

Total Liabilities

£126.82M

Decreased by £66.55M (-34%)

Turnover

£101.58M

Increased by £820.00k (+1%)

Employees

N/A

Decreased by 7 (-100%)

Debt Ratio

22%

Decreased by 8 (-27%)

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

2 Allotments 103,997,169 Shares £104.00m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
30 Mar 2022	ORDINARY	997,169	£997k	£1
18 Feb 2021	ORDINARY	103,000,000	£103.00m	£1

Officers

5 active 24 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 2022	Active
Rob Rome	Director	British	England	53	1 May 2023	Active
Stewart William Whyte	Director	British	United Kingdom	42	1 Apr 2025	Active

Shareholders

Shareholders (1)


National Grid Interconnector Holdings Limited	100.0%	363,997,170	Ordinary	13 Feb 2024

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 IFA 2 LIMITED Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
2 Apr 2025	Officers	Appointment of Mr Stewart William Whyte as director on 2025-04-01	View(2 pages)
10 Feb 2025	Confirmation Statement	Confirmation statement made on 2025-02-01 with no updates	View(3 pages)
11 Nov 2024	Officers	Termination of Philip James Sandy as director on 2024-11-04	View(1 page)
15 Oct 2024	Accounts	Annual accounts made up to 2024-03-31	View(31 pages)
13 Feb 2024	Confirmation Statement	Confirmation statement made on 2024-02-01 with updates	View(4 pages)