National Grid Electricity Distribution PLC
Registered name: NATIONAL GRID ELECTRICITY DISTRIBUTION PLC
Part of National Grid PLC groupNational Grid Electricity Distribution PLC made £2bn revenue and £585m profit in the year to 31 Mar 2026.
National Grid Electricity Distribution PLC’s revenue fell 20% to £2bn in the year to 31 Mar 2026, with £585m profit and 7,234 employees. The company is classified under “distribution of electricity” and is based in Bristol; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Bristol, South West
- Age
- 12 yrs · since 2014
- 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 | £2.5bn | £2bn |
| Operating profit | £903m | £1.6bn | £1.1bn |
| Profit before tax | £600m | £1.3bn | £767m |
| Profit after tax | £446m | £935m | £585m |
| Profit (best available) | £446m | £935m | £585m |
| Employees (average) | 6,872 | 7,102 | 7,234 |
| Ratios | |||
| Profit margin | 24.3% | 37.8% | 29.4% |
| Revenue per employee | £267k | £349k | £275k |
| Profit per employee | £64.9k | £132k | £80.8k |
| Growth (year on year) | |||
| Revenue growth | — | ▲34.8% | ▼19.8% |
| Profit growth | — | ▲109.6% | ▼37.5% |
| Headcount growth | — | ▲3.4% | ▲1.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 29.4%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £275k
- Revenue ÷ average employees.
- Profit per employee
- £80.8k
- 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
- ▲2%
- Now 7,234
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- National Grid PLCultimate parent75–100%
- National Grid Holdings One PLC75–100%
- National Grid Electricity Distribution Holdings Limited75–100%
- National Grid Electricity Distribution PLCthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- National Grid Electricity Distribution Network Holdings LimitedFigures not disclosed
- WPD Wem Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2026 (profit £585m), from the Companies House accounts bulk data published Aug 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.