West Transmission Financing PLC
Registered name: WEST TRANSMISSION FINANCING PLC
Part of Mutual Energy Limited groupWest Transmission Financing PLC made £10.7m revenue and a £4m loss in the year to 31 Mar 2026.
West Transmission Financing PLC’s revenue fell 1% to £10.7m in the year to 31 Mar 2026, with a loss of £4m. The company is classified under “activities of head offices” and is based in Belfast; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Belfast, Northern Ireland
- Age
- 9 yrs · since 2017
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £10.9m | £10.7m |
| Operating profit | £1.2m | £571k |
| Profit before tax | −£4.3m | −£5.1m |
| Profit after tax | −£3.4m | −£4m |
| Profit (best available) | −£3.4m | −£4m |
| Employees (average) | — | — |
| Ratios | ||
| Profit margin | −31.7% | −37.7% |
| Growth (year on year) | ||
| Revenue growth | — | ▼1.4% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Aug 2026 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- −37.7%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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 —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Mutual Energy Limitedultimate parent75–100%
- Northern Ireland Gas Transmission Holdings Limited75–100%
- WTL Holdings Limited75–100%
- West Transmission Financing PLCthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- West Transmission 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 −£4m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.