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Company No. 02906593 · Incorporated 9 Mar 1994

Northern Powergrid (Northeast) PLC

Registered name: NORTHERN POWERGRID (NORTHEAST) PLC

Part of Berkshire Hathaway Inc. group

Northern Powergrid (Northeast) PLC made £458m revenue and £112m profit in the year to 31 Dec 2025.

Northern Powergrid (Northeast) PLC’s revenue fell 15% to £458m in the year to 31 Dec 2025, with £112m profit and 1,549 employees. The company is classified under “distribution of electricity” and is based in Newcastle Upon Tyne; we hold 3 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35130Distribution of electricity
Status
Active
Location
Newcastle Upon Tyne, North East
Age
32 yrs · since 1994
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.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue
£458m
Growth ▼14.6%
Profit
£112m
Growth ▼37.2%
Profit margin
24.4%
Gross 95.7%
Employees
1,549
Change ▲6.8%
Profit / employee
£72.1k
Revenue/employee £296k
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)£436m£536m£458m
Cost of sales−£42.5m−£21.5m−£19.7m
Gross profit£393m£515m£438m
Operating profit£166m£264m£183m
Profit before tax£146m£236m£147m
Profit after tax£114m£178m£112m
Profit (best available)£114m£178m£112m
Employees (average)1,3431,4511,549
Ratios
Profit margin26.1%33.2%24.4%
Gross margin90.3%96%95.7%
Revenue per employee£324k£370k£296k
Profit per employee£84.6k£123k£72.1k
Growth (year on year)
Revenue growth—▲23.1%▼14.6%
Profit growth—▲56.6%▼37.2%
Headcount growth—▲8%▲6.8%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Jun 2025Accounts · bulk data Jun 2025Accounts · bulk data May 2026
Derived from the latest filing

How the business works

Profit margin
24.4%
Profit ÷ revenue.
Gross margin
95.7%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£296k
Revenue ÷ average employees.
Profit per employee
£72.1k
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.
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
▲7%
Now 1,549
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 PLC75–100%
  6. Northern Powergrid (Northeast) PLCthis company

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

Subsidiaries (1)

Sister companies (55)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £112m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.

Updated from Companies House on 22 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.