THE ELECTRICITY NETWORK COMPANY LIMITED

SYNERGY HOUSE WINDMILL AVENUE, WOOLPIT, BURY ST. EDMUNDS, IP30 9UP

Previous name: DE FACTO 1307 LIMITED (changed on 27-Feb-2006)

Company Number: 05581824
Incorporation date: 04-Oct-2005
Status: Active
Entity type: Private Limited Company

SIC codes:
35120 Transmission of electricity





SUMMARY

This company is 18.5 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 51.4 million which has increased from GBP 10.5 million in the previous year. The latest reported revenue figure is GBP 48.7 million which is up 30% on previous year's figure of GBP 38 million. The company has 4 active officers (directors or partners) who are or were officers of 56 other companies, 8 (14.3%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 48,672,684 6,834,254 2,806,315 673,101 3,354,838
31-Dec-2018 GBP 38,001,055 7,169,217 1,240 2,241,743 833,562 4,095,152
31-Dec-2017 GBP 30,317,897 6,613,809 186 1,575,689 990,168 4,048,138


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 1,644 9,347,036 64,006,053 3 51,403,615 51,403,618
31-Dec-2018 GBP 6,249 7,295,085 77,817,406 2 10,548,778 10,548,780
31-Dec-2017 GBP 888,076 6,927,455 61,791,224 2 6,453,626 6,453,628

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP 33.33% 1 2 3 -3,944
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Edward Andrew MANNING 06 Nov 2023 28 Mar 2024 1 - 0
Resigned Susan Lisa STANDRING 18 Aug 2016 20 Apr 2022 0 - 1
Active Christopher MUMFORD 05 Mar 2013 28 Mar 2024 1 - 0
Resigned Simon John LEE 13 Feb 2009 17 Jun 2016 Financial Controller British 0 - 3
Resigned Barry Roy LARGENT 24 Feb 2006 13 Feb 2009 0 - 7
Resigned TRAVERS SMITH SECRETARIES LIMITED 04 Oct 2005 24 Feb 2006 0 - 707

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Richard Mark BRETT 28 Jul 2023 Company Director British 27 - 22 (6.9%)
Resigned Nicola Ruth HINDLE 14 Apr 2021 20 Dec 2023 Company Director British 0 - 380 (0.0%)
Active John TROUNSON 01 Dec 2017 Director British 10 - 00 (0.0%)
Resigned Darryl John CORNEY 09 Aug 2013 28 Jul 2023 Company Director British 0 - 8525 (29.4%)
Active David Walter OVERMAN 08 May 2012 Electricity Networks Manager British 2 - 10 (0.0%)
Active Clive Eric LINSDELL 01 Jun 2006 Managing Director British 31 - 279 (15.5%)
Resigned Michael Roy RICHARDS 24 Feb 2006 30 Sep 2006 Chartered Accountant British 7 - 182 (8.0%)
Resigned Dawn Caroline MORGAN 24 Feb 2006 31 Oct 2011 Director British 0 - 120 (0.0%)
Resigned Neil Edward SHAW 24 Feb 2006 31 Dec 2013 Managing Directors British 2 - 281 (3.3%)
Resigned TRAVERS SMITH SECRETARIES LIMITED 04 Oct 2005 24 Feb 2006 0 - 707287 (40.6%)
Resigned TRAVERS SMITH LIMITED 04 Oct 2005 24 Feb 2006 0 - 268110 (41.0%)
Number of active directors: 4
Average tenure of active directors: 9.2 years
Average tenure of resigned directors: 3.9 years
Average active director Dissolution Rate: 5.6%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
QUADRANT PIPELINES LIMITED (02528816) - Active
INDEPENDENT PIPELINES LIMITED (02828692) - Active
INEXUS (SERVICES) LIMITED (02875320) - Active
GTC PIPELINES LIMITED (03104203) - Active
GAS ENGINEERING SERVICES LIMITED (03211063) - Active
FARRISS LIMITED (03292064) - Active
UTILITY GRID INSTALLATIONS LIMITED (03958461) - Active
GISG (04042354) - Active
EXPRESS UTILITIES LIMITED (04135367) - Active
INEXUS GROUP (HOLDINGS) LIMITED (04222730) - Active
PRIOR CONSULTING (CAMBRIDGE) LIMITED (04606269) - Active
INEXUS (EST) LIMITED (04637597) - Dissolved
ENERGY NETWORKS ASSOCIATION LIMITED (04832301) - Active
POWER ON CONNECTIONS LTD (04912774) - Active
INDEPENDENT POWER NETWORKS LIMITED (04935008) - Active
CRESMEDOW ROAD MANAGEMENT CO. LIMITED (04983175) - Active
INDEPENDENT METERS LIMITED (05041663) - Active
ISITE CONNECTIONS LIMITED (05168970) - Dissolved
ENVOY ASSET MANAGEMENT LIMITED (05311626) - Active
CONNECT UTILITIES LIMITED (05355345) - Active
INDEPENDENT COMMUNITY HEATING LIMITED (05366042) - Active
INDEPENDENT SERVICE PROVIDER LIMITED (05366057) - Active
BUUK INFRASTRUCTURE LIMITED (05411073) - Active
OPEN FIBRE NETWORKS LIMITED (05412813) - Active
BUUK FINANCE LIMITED (05413049) - Active
INEXUS GROUP LIMITED (05491198) - Active
INEXUS LIMITED (05491200) - Active
INEXUS CONNECTIONS LIMITED (05495293) - Active
THE ELECTRICITY NETWORK COMPANY LIMITED (05581824) - Active
METROPOLITAN INFRASTRUCTURE LIMITED (05759935) - Active
INDEPENDENT WATER NETWORKS LIMITED (05776438) - Active
INEXUS GROUP NO. 2 LIMITED (05819203) - Dissolved
INEXUS GROUP NO. 1 LIMITED (05819330) - Dissolved
OPEN FIBRE NETWORKS (WHOLESALE) LIMITED (05910724) - Active
GPL INVESTMENTS LIMITED (06003420) - Active
REACTIVE FLOW CONTROLS LTD (06046573) - Active
GTC UTILITY CONSTRUCTION LIMITED (06271552) - Active
POWER ON INVESTMENTS LIMITED (06482861) - Active
EXOTERIC METERING LIMITED (06619566) - Liquidation
FARRISS HOLDINGS LIMITED (06619586) - Active
INDEPENDENT FIBRE RETAIL LIMITED (07443511) - Active
GTC SOLAR GENERATION LIMITED (07670512) - Dissolved
INEXUS ASSET HOLDINGS LIMITED (07774517) - Dissolved
BUUK INFRASTRUCTURE NO 1 LIMITED (08246423) - Active
BUUK INFRASTRUCTURE NO 2 LIMITED (08246443) - Active
BUUK INFRASTRUCTURE ISSUER PLC (08276959) - Active
SMART METER ASSETS 1 LTD (08862096) - Active
ARTO.ENERGY LIMITED (09263398) - Active
EPLR HOLDINGS LTD (09374560) - Active - Proposal to Strike off
EPL&R UTILITIES LIMITED (09380511) - Active - Proposal to Strike off
LEVELISE LIMITED (10653159) - Active
PASSIV CAPITAL LIMITED (11172294) - Active
ULTRASTREAM BUSINESS SERVICES LIMITED (12553821) - Active
PASSIV UK LIMITED (12929432) - Active
LINEAGE INVESTMENTS LIMITED (13895287) - Active
GTC SMART HOMES LIMITED (15289362) - Active
THE GAS SUPPLY COMPANY LIMITED (FC018502) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2020-10-042015-10-042014-10-042013-10-042012-10-04
GTC INFRASTRUCTURE LIMITEDORDINARY3
100%
0
0%
0
0%
0
0%
0
0%
THE GAS TRANSPORTATION COMPANY LIMITEDORDINARY0
0%
2
100%
2
100%
2
100%
2
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

THE ELECTRICITY NETWORK COMPANY LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 35120 Transmission of electricity)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
SCOTTISHPOWER ENERGY MANAGEMENT LIMITED 320 ST. VINCENT STREET, GLASGOW, SCOTLAND, G2 5AD SC215843 2017-12-31 5,248,300,000 -25,800,000 35220-Distribution of gaseous fuels through mains
NATIONAL GRID ELECTRICITY TRANSMISSION PLC 1 - 3 STRAND, LONDON, WC2N 5EH 02366977 2018-03-31 4,158,000,000 689,000,000
SCOTTISHPOWER ENERGY RETAIL LIMITED 320 ST. VINCENT STREET, GLASGOW, SCOTLAND, G2 5AD SC190287 2017-12-31 3,770,100,000 -14,800,000 35220-Distribution of gaseous fuels through mains
NPOWER NORTHERN LIMITED C/O NPOWER LIMITED, WESTWOOD WAY, WESTWOOD BUSINESS PARK, COVENTRY, ENGLAND, CV4 8LG 03432100 2017-12-31 1,889,000,000 -104,000,000
SP TRANSMISSION PLC 320 ST. VINCENT STREET, GLASGOW, SCOTLAND, G2 5AD SC189126 2017-12-31 338,100,000 149,100,000
SCOTTISH HYDRO ELECTRIC TRANSMISSION PLC INVERALMOND HOUSE, 200 DUNKELD ROAD, PERTH, PH1 3AQ SC213461 2018-03-31 325,800,000 131,100,000
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED 120 MALONE ROAD, BELFAST, BT9 5HT NI026041 2018-12-31 275,800,000 55,000,000 35130-Distribution of electricity
NPOWER YORKSHIRE LIMITED C/O NPOWER LIMITED, WESTWOOD WAY, WESTWOOD BUSINESS PARK, COVENTRY, ENGLAND, CV4 8LG 03937808 2017-12-31 151,379,000 -23,613,000
BRITNED DEVELOPMENT LIMITED 1-3 STRAND, LONDON, WC2N 5EH 04251409 2017-12-31 145,700,000 89,800,000
NATIONAL GRID INTERCONNECTORS LIMITED 1-3 STRAND, LONDON, WC2N 5EH 03385525 2018-03-31 86,753,000 52,920,000
ENEL X UK LIMITED EPWORTH HOUSE, 25 CITY ROAD, LONDON, ENGLAND, EC1Y 1AA 06937931 2017-12-31 5,059,469 0 46180-Agents specialized in the sale of other particular products
HARGRAVE CONSULTING LIMITED 2 CROSSFIELDS, ST. ALBANS, HERTFORDSHIRE, AL3 4NF 04245286 2017-12-31 175,335 0 42220-Construction of utility projects for electricity and telecommunications
PRO-FIT CONTRACTORS LTD 76 LEATFIELD DRIVE, DERRIFORD, PLYMOUTH, UNITED KINGDOM, PL6 5HL 09488934 2018-03-31 168,456 0
CHRIS HEZLETT LTD SUITE 3 GRAPES HOUSE, 79A HIGH STREET, ESHER, ENGLAND, KT10 9QA 08423711 2018-02-28 94,719 0
SCARLETTE HAZE LTD 15 ESSENDINE ROAD, MAIDA VALE, LONDON, W9 2LT 08485909 2018-04-30 23,352 0
FS PORT OF TYNE LIMITED C/O GRESHAM HOUSE ASSET MANAGEMENT LIMITED, 5 NEW STREET SQUARE, LONDON, ENGLAND, EC4A 3TW 10272711 2018-10-31 0 0 35130-Distribution of electricity
42220-Construction of utility projects for electricity and telecommunications
96090-Other service activities not elsewhere classified
HERITAGE ENERGY LIMITED 31B ENTERPRISE WAY ENTERPRISE WAY, THORNTON ROAD INDUSTRIAL ESTATE, PICKERING, NORTH YORKSHIRE, YO18 7NA 07338760 2018-08-31 0 0
KUBON LIMITED 1 ROSEGARTH, SLYNE, LANCASTER, LA2 6AT 09107737 2018-06-30 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
THE ELECTRICITY NETWORK COMPANY LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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