SP TRANSMISSION PLC - Profile & Financials

Accounts Submitted 4 Jul 2025

Confirmation Statement Submitted 3 Mar 2025

Net assets £1040.40M £56.60M 2024 year on year

Total assets £4365.90M £483.50M 2024 year on year

Total Liabilities £3325.50M £426.90M 2024 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

320 St. Vincent Street Glasgow G2 5AD Scotland

Office (Warrington)

8 Missouri Dr, Great Sankey, Warrington WA5 8HA

Telephone

0800 001 5400

customer.resolution@spenergynetworks.co.uk

Website

spenergynetworks.co.uk

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

£4.30M

Increased by £2.00M (+87%)

Net Assets

£1040.40M

Increased by £56.60M (+6%)

Total Liabilities

£3325.50M

Increased by £426.90M (+15%)

Turnover

£507.00M

Decreased by £11.30M (-2%)

Employees

582

Increased by 64 (+12%)

Debt Ratio

76%

Increased by 1 (+1%)

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

7 active 30 resigned

Show resigned officers

						Status
Charles Hendry	Director	British	England	66	31 Jan 2023	Active
Gillian Elizabeth King	Director	British	Scotland	61	19 Jun 2024	Active
Guy Charles Jefferson	Director	British	Scotland	55	30 Sept 2024	Active
Nicola Mary Connelly	Director	British	Scotland	55	1 Jul 2024	Active
Pearse Murray	Director	British	Scotland	58	30 Apr 2015	Active
Scott Hamilton Mathieson	Director	British	Scotland	53	18 Nov 2005	Active
Seumus O'gorman	Secretary	Unknown	Unknown	—	31 Dec 2014	Active

Shareholders

Shareholders (1)


Scottish Power Energy Networks Holdings Limited	100.0%	385,000,000	Ordinary	28 Feb 2017

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Scottish Power Energy Networks 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

SCOTTISH POWER ENERGY NETWORKS HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SCOTTISH POWER UK PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SCOTTISH POWER LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

SPW INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

IBERDROLA SA spain

SP TRANSMISSION PLC Current Company

EASTERN GREEN LINK 1 LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent

EASTERN GREEN LINK 4 LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent

NGET/SPT UPGRADES LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
26 Nov 2025	Officers	Appointment of Andrew Philip as director on 2025-11-26	View(2 pages)
26 Nov 2025	Officers	Termination of Seumus O'gorman as director on 2025-11-26	View(1 page)
4 Jul 2025	Accounts	Annual accounts made up to 2024-12-31	View(43 pages)
5 May 2025	Officers	Termination of John Matthew Hutton as director on 2025-05-05	View(1 page)
3 Mar 2025	Confirmation Statement	Confirmation statement made on 2025-03-02 with no updates	View(3 pages)