NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED

120 MALONE ROAD, BELFAST, BT9 5HT

Previous name: NORTHERN IRELAND ELECTRICITY LIMITED (changed on 18-Sep-2015)

Company Number: NI026041
Incorporation date: 25-Oct-1991
Status: Active
Entity type: Private Limited Company

SIC codes:
35120 Transmission of electricity
35130 Distribution of electricity




SUMMARY

This company is 32.5 years old and is currently active. It is controlled by Esbni Limited. The company has positive equity (net assets) of GBP 390.7 million which has increased from GBP 373.6 million in the previous year. The latest reported revenue figure is GBP 276.3 million which is similar to the previous year's figure of GBP 275.8 million. The company has 6 active officers (directors or partners) who are or were officers of 38 other companies, 7 (18.4%) 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: GROUP (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 276,300,000 110,300,000 35,300,000 59,100,000
31-Dec-2018 GBP 275,800,000 109,100,000 38,300,000 55,000,000
31-Dec-2017 GBP 3,000,000 94,900,000 6,000,000 44,700,000
31-Dec-2016 GBP 3,000,000 91,700,000 6,000,000 50,200,000
31-Dec-2015 GBP 236,100,000 92,300,000 37,600,000 48,200,000
31-Dec-2014 GBP 243,800,000 102,400,000 121,700,000 65,200,000
31-Dec-2013 GBP 258,000,000 112,400,000 37,400,000 44,200,000
31-Dec-2012 GBP 201,900,000 85,100,000 27,900,000
31-Mar-2012 GBP 253,300,000 107,000,000 33,400,000 58,800,000
31-Mar-2011 GBP 228,500,000 68,800,000 388,000,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 9,000,000 93,400,000 132,100,000 36,400,000 24,400,000 390,700,000
31-Dec-2018 GBP 30,400,000 114,900,000 121,100,000 36,400,000 24,400,000 373,600,000
31-Dec-2017 GBP 11,200,000 164,400,000 495,000,000 36,400,000 24,400,000 327,400,000
31-Dec-2016 GBP 9,300,000 97,200,000 188,800,000 36,400,000 24,400,000 293,900,000
31-Dec-2015 GBP 17,700,000 97,300,000 160,700,000 36,400,000 24,400,000 310,600,000
31-Dec-2014 GBP 23,700,000 92,600,000 130,800,000 36,400,000 24,400,000 269,200,000
31-Dec-2013 GBP 31,800,000 104,300,000 133,500,000 36,400,000 24,400,000 274,000,000
31-Dec-2012 GBP 38,600,000 107,600,000 137,300,000 36,400,000 24,400,000 202,800,000
31-Mar-2012 GBP 51,400,000 95,000,000 137,100,000 36,400,000 24,400,000 192,500,000
31-Mar-2011 GBP 600,000 37,800,000 893,500,000 36,400,000 24,400,000 193,400,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Olivia CARR 16 Jun 2022 29 Mar 2024 1 - 0
Resigned Sarah Ruth CONACHER 03 Mar 2008 15 Jun 2022 British 0 - 12
Resigned Ian THOM 25 Oct 1991 03 Mar 2008 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active David Robert, Sir STERLING 18 Sep 2023 Director British 7 - 20 (0.0%)
Active Derek HYNES 01 Sep 2022 Managing Director Irish 1 - 00 (0.0%)
Active Keith Milne JESS 23 Sep 2019 Non-Executive Director British 1 - 00 (0.0%)
Active William Gordon PARKES 01 May 2019 Hr Director British 5 - 00 (0.0%)
Resigned Paul James STAPLETON 01 May 2018 31 Aug 2022 Managing Director Irish 0 - 50 (0.0%)
Active Alan Alexander BRYCE 01 Jan 2018 Non Executive Director British 2 - 217 (30.4%)
Resigned Nicholas TARRANT 01 Dec 2014 30 Apr 2018 Managing Director Irish 0 - 40 (0.0%)
Resigned Peter John EWING 01 Jul 2011 30 Apr 2019 Deputy Md/Dir Of Regulation & Market Operations British 0 - 246 (25.0%)
Resigned Stephen Leigh KINGON 04 Mar 2011 03 Mar 2020 None Irish 2 - 216 (26.1%)
Active Rotha Geraldine Diane JOHNSTON 04 Mar 2011 Director Irish 3 - 41 (14.3%)
Resigned Ronnie Edward MERCER 04 Mar 2011 03 Mar 2018 Chairman/Non-Executive Director British 0 - 203 (15.0%)
Resigned Joseph Aidan O'MAHONY 04 Mar 2011 30 Nov 2014 Managing Director Irish 0 - 61 (16.7%)
Resigned Harold MCCRACKEN 07 Jul 2009 30 Jun 2011 Company Director British 7 - 215 (17.9%)
Resigned John Anthony BILES 04 Mar 2008 04 Mar 2011 Company Director British 2 - 6937 (52.1%)
Resigned Michael Rodney TOMS 04 Mar 2008 04 Mar 2011 Company Director British 1 - 228 (34.8%)
Resigned Peter John EWING 23 Jul 2007 04 Mar 2008 Central Manager Group Finance British 0 - 246 (25.0%)
Resigned Laurence Robert MACKENZIE 27 Mar 2006 07 Jul 2009 Managing Director British 0 - 10 (0.0%)
Resigned Patrick Francis John O'DONNELL BOURKE 06 Oct 2000 04 Mar 2008 Group Chief Executive British 1 - 191 (5.0%)
Resigned Patrick Francis John O'DONNELL BOURKE 06 Oct 2000 04 Mar 2008 Group Chief Executive British 2 - 160 (0.0%)
Resigned Patrick Hugh, Dr HAREN 25 Oct 1991 04 Mar 2008 Director British 0 - 80 (0.0%)
Resigned Nigel David WILSON 25 Oct 1991 10 Jul 2001 Accountant British 0 - 10 (0.0%)
Resigned Harold MCCRACKEN 25 Oct 1991 24 Oct 2007 Director British 7 - 215 (17.9%)
Number of active directors: 6
Average tenure of active directors: 5.1 years
Average tenure of resigned directors: 6.5 years
Average active director Dissolution Rate: 7.5%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
NORTHUMBRIAN WATER LIMITED (02366703) - Active
ELECTRICITY ASSOCIATION SERVICES LIMITED (02366837) - Dissolved
SP MANWEB PLC (02366937) - Active
SCOTTISHPOWER (SCPL) LIMITED (02532240) - Active
CELTPOWER LIMITED (02656561) - Active
SCOTTISHPOWER (DCL) LIMITED (02675504) - Active
ASSOCIATION OF ELECTRICITY PRODUCERS LIMITED (02779199) - Active
NORTHMERE LIMITED (03232826) - Active
SCOTTISHPOWER (SOCL) LIMITED (03681067) - Dissolved
EMERALD POWER GENERATION LIMITED (04000107) - Dissolved
SP NETWORK CONNECTIONS LIMITED (04290066) - Liquidation
SCOTTISHPOWER (DCOL) LIMITED (04717143) - Dissolved
ENERGY NETWORKS ASSOCIATION LIMITED (04832301) - Active
TOOLEY ENERGY LIMITED (08714174) - Liquidation
ULSTER WILDLIFE TRUST (NI012711) - Active
QUBIS LIMITED (NI017859) - Active
AIB GROUP (UK) P.L.C. (NI018800) - Active
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED (NI026041) - Active
GRAND OPERA HOUSE TRUST (NI028078) - Active
SCOTTISHPOWER RENEWABLES (UK) LIMITED (NI028425) - Active
NORTHERN IRELAND SCREEN COMMISSION (NI031997) - Active
NIE NETWORKS SERVICES LIMITED (NI032214) - Active
CENTRE FOR CROSS-BORDER STUDIES (NI036854) - Active
CHIEF EXECUTIVES' FORUM (NI045809) - Active
THE CANCER FUND FOR CHILDREN (NI049930) - Active
THE GRAND OPERA HOUSE (THEATRE) LIMITED (NI050771) - Active
WOMEN IN BUSINESS NI LTD (NI054763) - Active
WILDFLOWER PROPERTY (UK) LIMITED (NI056719) - Active
NIE FINANCE PLC (NI607246) - Active
WILDFLOWER INDUSTRIAL LIMITED (NI622062) - Dissolved
WILDFLOWER BELFAST LIMITED (NI645950) - Active
SDS CONSULTANCY LTD (NI678626) - Active
SMW LIMITED (SC165988) - Active
SCOTTISHPOWER SHARE SCHEME TRUSTEES LIMITED (SC172918) - Dissolved
VPI POWER LIMITED (SC189124) - Active
SP DISTRIBUTION PLC (SC189125) - Active
SP TRANSMISSION PLC (SC189126) - Active
SCOTTISH WATER BUSINESS STREAM HOLDINGS LIMITED (SC332622) - Active
SCOTTISH WATER HORIZONS HOLDINGS LIMITED (SC334620) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-10-252014-10-252013-10-252012-10-252011-10-25
ESBNI LIMITEDORDINARY145,566,431
100%
145,566,431
100%
145,566,431
100%
145,566,431
100%
145,566,431
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2016-04-282016-04-072015-11-272015-09-18
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITEDORDINARY50,000
100%
15,000,000
100%
0
0%
10,000
100%
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITEDORD0
0%
0
0%
2
100%
0
0%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED

Controlled companies below

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-07-01 2023-12-31 47 8% 14% 81650
2023-01-01 2023-06-30 48 9% 17% 73474
2022-07-01 2022-12-31 49 9% 15% 67097
2022-01-01 2022-06-30 49 9% 17% 61264
2021-07-01 2021-12-31 45 9% 15% 53483
2021-01-01 2021-06-30 44 9% 15% 47512
2020-07-01 2020-12-31 47 9% 15% 39899
2020-01-01 2020-06-30 46 8% 19% 34197
2019-07-01 2019-12-31 49 8% 15% 26239
2019-01-01 2019-06-30 48 8% 16% 16859
2018-07-01 2018-12-31 51 10% 21% 11679
2018-01-01 2018-06-30 56 14% 47% 4317


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
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.8% 3.8% 7.5% Medium
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