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Company No. 02366942 · Incorporated 1 Apr 1989

Northern Electric PLC

Registered name: NORTHERN ELECTRIC PLC

Part of Berkshire Hathaway Inc. group

Northern Electric PLC made £586m revenue and £135m profit in the year to 31 Dec 2025.

Northern Electric PLC’s revenue fell 13% to £586m in the year to 31 Dec 2025, with £135m profit and 1,773 employees. The company is classified under “activities of other holding companies” and is based in Newcastle Upon Tyne; we hold 3 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 64209Activities of other holding companies n.e.c.
Status
Active
Location
Newcastle Upon Tyne, North East
Age
37 yrs · since 1989
Type
Public Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue
£586m
Growth ▼12.6%
Profit
£135m
Growth ▼34.9%
Profit margin
23.1%
Gross 90.4%
Employees
1,773
Change ▲8.2%
Profit / employee
£76.3k
Revenue/employee £331k
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£571m£671m£586m
Cost of sales−£78.4m−£54.5m−£56.2m
Gross profit£492m£616m£530m
Operating profit£216m£314m£229m
Profit before tax£181m£281m£184m
Profit after tax£135m£208m£135m
Profit (best available)£135m£208m£135m
Employees (average)1,5221,6391,773
Ratios
Profit margin23.7%31%23.1%
Gross margin86.3%91.9%90.4%
Revenue per employee£375k£409k£331k
Profit per employee£88.9k£127k£76.3k
Growth (year on year)
Revenue growth—▲17.5%▼12.6%
Profit growth—▲53.4%▼34.9%
Headcount growth—▲7.7%▲8.2%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Jun 2025Accounts · bulk data Jun 2025Accounts · bulk data Jun 2026
Derived from the latest filing

How the business works

Profit margin
23.1%
Profit ÷ revenue.
Gross margin
90.4%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£331k
Revenue ÷ average employees.
Profit per employee
£76.3k
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.
Indirect — not revenue

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
▲8%
Now 1,773
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Berkshire Hathaway Inc. (registered outside the UK register)ultimate parent75–100%
  2. Northern Powergrid Holdings Company75–100%
  3. Northern Powergrid UK Holdings75–100%
  4. Northern Powergrid Limited75–100%
  5. Northern Electric PLCthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (56)

Sister companies (2)

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £135m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.

Updated from Companies House on 23 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.