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NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED
120 MALONE ROAD, BELFAST, BT9 5HTPrevious 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-2024Accounts 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** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 2 | 0 (0.0%) | |
Active | Derek HYNES | 01 Sep 2022 | Managing Director | Irish | 1 - 0 | 0 (0.0%) | |
Active | Keith Milne JESS | 23 Sep 2019 | Non-Executive Director | British | 1 - 0 | 0 (0.0%) | |
Active | William Gordon PARKES | 01 May 2019 | Hr Director | British | 5 - 0 | 0 (0.0%) | |
Resigned | Paul James STAPLETON | 01 May 2018 | 31 Aug 2022 | Managing Director | Irish | 0 - 5 | 0 (0.0%) |
Active | Alan Alexander BRYCE | 01 Jan 2018 | Non Executive Director | British | 2 - 21 | 7 (30.4%) | |
Resigned | Nicholas TARRANT | 01 Dec 2014 | 30 Apr 2018 | Managing Director | Irish | 0 - 4 | 0 (0.0%) |
Resigned | Peter John EWING | 01 Jul 2011 | 30 Apr 2019 | Deputy Md/Dir Of Regulation & Market Operations | British | 0 - 24 | 6 (25.0%) |
Resigned | Stephen Leigh KINGON | 04 Mar 2011 | 03 Mar 2020 | None | Irish | 2 - 21 | 6 (26.1%) |
Active | Rotha Geraldine Diane JOHNSTON | 04 Mar 2011 | Director | Irish | 3 - 4 | 1 (14.3%) | |
Resigned | Ronnie Edward MERCER | 04 Mar 2011 | 03 Mar 2018 | Chairman/Non-Executive Director | British | 0 - 20 | 3 (15.0%) |
Resigned | Joseph Aidan O'MAHONY | 04 Mar 2011 | 30 Nov 2014 | Managing Director | Irish | 0 - 6 | 1 (16.7%) |
Resigned | Harold MCCRACKEN | 07 Jul 2009 | 30 Jun 2011 | Company Director | British | 7 - 21 | 5 (17.9%) |
Resigned | John Anthony BILES | 04 Mar 2008 | 04 Mar 2011 | Company Director | British | 2 - 69 | 37 (52.1%) |
Resigned | Michael Rodney TOMS | 04 Mar 2008 | 04 Mar 2011 | Company Director | British | 1 - 22 | 8 (34.8%) |
Resigned | Peter John EWING | 23 Jul 2007 | 04 Mar 2008 | Central Manager Group Finance | British | 0 - 24 | 6 (25.0%) |
Resigned | Laurence Robert MACKENZIE | 27 Mar 2006 | 07 Jul 2009 | Managing Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Patrick Francis John O'DONNELL BOURKE | 06 Oct 2000 | 04 Mar 2008 | Group Chief Executive | British | 1 - 19 | 1 (5.0%) |
Resigned | Patrick Francis John O'DONNELL BOURKE | 06 Oct 2000 | 04 Mar 2008 | Group Chief Executive | British | 2 - 16 | 0 (0.0%) |
Resigned | Patrick Hugh, Dr HAREN | 25 Oct 1991 | 04 Mar 2008 | Director | British | 0 - 8 | 0 (0.0%) |
Resigned | Nigel David WILSON | 25 Oct 1991 | 10 Jul 2001 | Accountant | British | 0 - 1 | 0 (0.0%) |
Resigned | Harold MCCRACKEN | 25 Oct 1991 | 24 Oct 2007 | Director | British | 7 - 21 | 5 (17.9%) |
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
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2015-10-25 | 2014-10-25 | 2013-10-25 | 2012-10-25 | 2011-10-25 | ||
ESBNI LIMITED | ORDINARY | 145,566,431 100% | 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 | |||
---|---|---|---|---|---|
2016-04-28 | 2016-04-07 | 2015-11-27 | 2015-09-18 | ||
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED | ORDINARY | 50,000 100% | 15,000,000 100% | 0 0% | 10,000 100% |
NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED | ORD | 0 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 |