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Company No. 03600574 · Incorporated 20 Jul 1998

National Grid Electricity Distribution (West Midlands) PLC

Registered name: NATIONAL GRID ELECTRICITY DISTRIBUTION (WEST MIDLANDS) PLC

Part of National Grid PLC group

National Grid Electricity Distribution (West Midlands) PLC made £610m revenue and £199m profit in the year to 31 Mar 2026.

National Grid Electricity Distribution (West Midlands) PLC’s revenue fell 24% to £610m in the year to 31 Mar 2026, with £199m profit and 2,145 employees. The company is classified under “distribution of electricity” and is based in Bristol; we hold 3 years of its filed accounts.

Full P&L filedSIC 35130Distribution of electricity
Status
Active
Location
Bristol
Age
28 yrs · since 1998
Type
Public Limited Company
Latest accounts · year to 31 Mar 2026

Key figures

Revenue
£610m
Growth ▼23.8%
Profit
£199m
Growth ▼40%
Profit margin
32.6%
 
Employees
2,145
Change ▲1.3%
Profit / employee
£92.7k
Revenue/employee £284k
Profitable streak
3yrs
Consecutive profitable years in our data
3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202431 Mar 202531 Mar 2026
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£583m£800m£610m
Operating profit£297m£518m£333m
Profit before tax£226m£442m£263m
Profit after tax£169m£331m£199m
Profit (best available)£169m£331m£199m
Employees (average)2,0462,1182,145
Ratios
Profit margin29%41.4%32.6%
Revenue per employee£285k£378k£284k
Profit per employee£82.7k£156k£92.7k
Growth (year on year)
Revenue growth—▲37.2%▼23.8%
Profit growth—▲95.8%▼40%
Headcount growth—▲3.5%▲1.3%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Aug 2025Accounts · bulk data Aug 2025Accounts · bulk data Aug 2026
Derived from the latest filing

How the business works

Profit margin
32.6%
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£284k
Revenue ÷ average employees.
Profit per employee
£92.7k
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
▲1%
Now 2,145
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. National Grid PLCultimate parent75–100%
  2. National Grid Holdings One PLC75–100%
  3. National Grid Electricity Distribution Holdings Limited75–100%
  4. National Grid Electricity Distribution PLC50–75%
  5. National Grid Electricity Distribution Network Holdings Limited75–100%
  6. National Grid Electricity Distribution (West Midlands) PLCthis company

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

Subsidiaries (1)

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 Mar 2026 (profit £199m), from the Companies House accounts bulk data published Aug 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.