Electricity North West Limited
Registered name: ELECTRICITY NORTH WEST LIMITED
Part of Iberdrola Sa groupElectricity North West Limited made £526m revenue and £92.1m profit in the year to 31 Dec 2025.
Electricity North West Limited’s revenue was £526m in the year to 31 Dec 2025, with £92.1m profit and 2,296 employees. The company is classified under “distribution of electricity” and is based in Stockport; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Stockport, North West
- Age
- 37 yrs · since 1989
- Type
- Private 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 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £598m | £654m | £526m |
| Operating profit | £229m | £281m | £215m |
| Profit before tax | £162m | £248m | £122m |
| Profit after tax | £120m | £187m | £92.1m |
| Profit (best available) | £120m | £187m | £92.1m |
| Employees (average) | 2,103 | 2,187 | 2,296 |
| Ratios | |||
| Profit margin | 20.1% | 28.5% | 17.5% |
| Revenue per employee | £284k | £299k | £229k |
| Profit per employee | £57.1k | £85.3k | £40.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲9.4% | — |
| Profit growth | — | ▲55.3% | — |
| Headcount growth | — | ▲4% | — |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 17.5%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £229k
- Revenue ÷ average employees.
- Profit per employee
- £40.1k
- 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
- —
- Now 2,296
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Iberdrola Sa (registered outside the UK register)ultimate parent75–100%
- SPW Investments Limited75–100%
- Scottish Power Limited75–100%
- Scottish Power UK PLC75–100%
- Scottish Power Energy Networks Holdings Limited75–100%
- North West Electricity Networks (UK) Limited75–100%
- North West Electricity Networks (Finance) Limited75–100%
- North West Electricity Networks (Holdings) Limited75–100%
- Nwen Group Limited75–100%
- North West Electricity Networks PLC75–100%
- Electricity North West Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Electricity North West (Esps) Pensions Trustees LimitedFigures not disclosed
- Electricity North West Number 1 Company LimitedFigures not disclosed
Sister companies (2)
- Enw Capital Finance PLCFigures not disclosed
- Enw Finance PLCFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £92.1m), from the Companies House accounts bulk data published Apr 2026. Spotted an error? Request a correction.
Updated from Companies House on 14 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.