National Gas Transmission PLC
Registered name: NATIONAL GAS TRANSMISSION PLC
Part of Luppiter Consortium Limited groupNational Gas Transmission PLC made £1.6bn revenue and £533m profit in the year to 31 Mar 2026.
National Gas Transmission PLC’s revenue grew 5% to £1.6bn in the year to 31 Mar 2026, with £533m profit and 2,396 employees. The company is classified under “distribution of gaseous fuels through mains” and is based in Warwick; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Warwick, West Midlands
- Age
- 40 yrs · since 1986
- Type
- Public Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.8bn | £1.6bn | £1.6bn |
| Operating profit | £853m | £595m | £695m |
| Profit before tax | £839m | £710m | £713m |
| Profit after tax | £622m | £531m | £533m |
| Profit (best available) | £622m | £531m | £533m |
| Employees (average) | 1,758 | 2,089 | 2,396 |
| Ratios | |||
| Profit margin | 35% | 34.2% | 32.8% |
| Revenue per employee | £1m | £742k | £678k |
| Profit per employee | £354k | £254k | £222k |
| Growth (year on year) | |||
| Revenue growth | — | ▼12.7% | ▲4.8% |
| Profit growth | — | ▼14.6% | ▲0.4% |
| Headcount growth | — | ▲18.8% | ▲14.7% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- 32.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £678k
- Revenue ÷ average employees.
- Profit per employee
- £222k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲15%
- Now 2,396
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Luppiter Consortium Limitedultimate parent75–100%
- Luppiter Bidco Limited75–100%
- Gast Pledgeco Limited75–100%
- Gast Midco Limited75–100%
- National Gas Transmission Holdings Limited75–100%
- National Gas Transmission PLCthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (4)
- Humber Hydrogen Transmission System LtdFigures not disclosed
- National Gas Metering LimitedFigures not disclosed
- National Gas Transmission Pension Trustee LimitedFigures not disclosed
- Premtech LtdFigures not disclosed
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from accounts for the year to 31 Mar 2026 (profit £533m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.
Updated from Companies House on 13 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.