national gas transmission plc

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national gas transmission plc Company Information

Share NATIONAL GAS TRANSMISSION PLC

Company Number

02006000

Shareholders

national grid gas holdings limited

Group Structure

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Industry

Distribution of gaseous fuels through mains

 

Registered Address

national grid house, warwick technology park, warwick, CV34 6DA

national gas transmission plc Estimated Valuation

£5.9b

Pomanda estimates the enterprise value of NATIONAL GAS TRANSMISSION PLC at £5.9b based on a Turnover of £1.8b and 3.32x industry multiple (adjusted for size and gross margin).

national gas transmission plc Estimated Valuation

£10b

Pomanda estimates the enterprise value of NATIONAL GAS TRANSMISSION PLC at £10b based on an EBITDA of £1.1b and a 9.34x industry multiple (adjusted for size and gross margin).

national gas transmission plc Estimated Valuation

£10.4b

Pomanda estimates the enterprise value of NATIONAL GAS TRANSMISSION PLC at £10.4b based on Net Assets of £3.9b and 2.68x industry multiple (adjusted for liquidity).

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National Gas Transmission Plc Overview

National Gas Transmission Plc is a live company located in warwick, CV34 6DA with a Companies House number of 02006000. It operates in the distribution of gaseous fuels through mains sector, SIC Code 35220. Founded in April 1986, it's largest shareholder is national grid gas holdings limited with a 100% stake. National Gas Transmission Plc is a mature, mega sized company, Pomanda has estimated its turnover at £1.8b with high growth in recent years.

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National Gas Transmission Plc Health Check

Pomanda's financial health check has awarded National Gas Transmission Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

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Health Rating4.5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £1.8b, make it larger than the average company (£31.2m)

£1.8b - National Gas Transmission Plc

£31.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (12.1%)

17% - National Gas Transmission Plc

12.1% - Industry AVG

production

Production

with a gross margin of 19.3%, this company has a comparable cost of product (19.3%)

19.3% - National Gas Transmission Plc

19.3% - Industry AVG

profitability

Profitability

an operating margin of 48% make it more profitable than the average company (30.1%)

48% - National Gas Transmission Plc

30.1% - Industry AVG

employees

Employees

with 1758 employees, this is above the industry average (54)

1758 - National Gas Transmission Plc

54 - Industry AVG

paystructure

Pay Structure

on an average salary of £83.6k, the company has a higher pay structure (£69.3k)

£83.6k - National Gas Transmission Plc

£69.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1m, this is less efficient (£1.3m)

£1m - National Gas Transmission Plc

£1.3m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 12 days, this is near the average (14 days)

12 days - National Gas Transmission Plc

14 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 57 days, this is slower than average (9 days)

57 days - National Gas Transmission Plc

9 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is more than average (2 days)

3 days - National Gas Transmission Plc

2 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (6 weeks)

1 weeks - National Gas Transmission Plc

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 62.1%, this is a lower level of debt than the average (78.7%)

62.1% - National Gas Transmission Plc

78.7% - Industry AVG

NATIONAL GAS TRANSMISSION PLC financials

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National Gas Transmission Plc's latest turnover from March 2024 is £1.8 billion and the company has net assets of £3.9 billion. According to their latest financial statements, National Gas Transmission Plc has 1,758 employees and maintains cash reserves of £25 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,778,000,0001,918,000,0001,374,000,0001,122,000,0001,186,000,0001,209,000,0001,424,000,0001,340,000,0001,239,000,0003,077,000,0003,033,000,0003,037,000,0002,883,000,0002,693,000,0002,747,000,000
Other Income Or Grants
Cost Of Sales1,434,150,8201,469,434,9571,073,378,827875,515,473886,168,247927,381,1101,117,802,555992,727,319996,006,7122,434,685,3432,450,850,1812,369,732,1912,286,876,9371,999,420,5192,240,365,101
Gross Profit343,849,180448,565,043300,621,173246,484,527299,831,753281,618,890306,197,446347,272,681242,993,288642,314,657582,149,819667,267,809596,123,063693,579,481506,634,899
Admin Expenses-509,150,820-128,434,957-198,378,827-232,515,473-175,168,247-153,381,110-340,802,554-116,727,319-330,006,712-712,685,343-776,850,181-719,732,191-747,876,937-495,420,519-603,365,101
Operating Profit853,000,000577,000,000499,000,000479,000,000475,000,000435,000,000647,000,000464,000,000573,000,0001,355,000,0001,359,000,0001,387,000,0001,344,000,0001,189,000,0001,110,000,000
Interest Payable288,000,000361,000,000230,000,00083,000,000154,000,000155,000,000204,000,000229,000,000187,000,000269,000,000303,000,000281,000,000407,000,000396,000,000224,000,000
Interest Receivable274,000,000138,000,00051,000,00058,000,00035,000,00024,000,0008,000,0005,000,00067,000,0005,000,0004,000,0002,000,0001,000,0002,000,0003,000,000
Pre-Tax Profit839,000,000354,000,000320,000,000454,000,000356,000,000287,000,000472,000,000302,000,000444,000,0001,034,000,0001,076,000,0001,108,000,000938,000,000795,000,000889,000,000
Tax-217,000,000-76,000,000-210,000,000-86,000,000-112,000,000-69,000,000-102,000,000-3,000,000-52,000,000-238,000,0001,000,000-178,000,000-104,000,000-100,000,000-288,000,000
Profit After Tax622,000,000278,000,000110,000,000368,000,000244,000,000218,000,000370,000,000299,000,000392,000,000796,000,0001,077,000,000930,000,000834,000,000695,000,000601,000,000
Dividends Paid337,000,000505,000,000295,000,000137,000,0001,047,000,0008,100,000,000620,000,000700,000,000600,000,0001,900,000,000350,000,000400,000,000300,000,000
Retained Profit285,000,000-227,000,000-185,000,000231,000,000-803,000,000218,000,000387,000,000-3,250,000,000-228,000,00092,000,000476,000,000-970,000,000483,000,000294,000,000300,000,000
Employee Costs147,000,000115,000,000125,000,000154,000,000149,000,000195,000,000163,000,000147,000,000149,000,000291,000,000311,000,000282,000,000263,000,000281,000,000271,000,000
Number Of Employees1,7581,5812,1512,1842,0562,0841,9922,0062,0865,8955,8885,6945,5276,0456,311
EBITDA*1,074,000,000839,000,000725,000,000673,000,000674,000,000634,000,000890,000,000880,000,0001,073,000,0001,902,000,0001,894,000,0001,906,000,0001,838,000,0001,746,000,0001,571,000,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets8,802,000,0008,687,000,0009,480,000,0008,926,000,0009,387,000,0009,103,000,0008,933,000,0008,626,000,00019,295,000,00019,038,000,00018,525,000,00018,709,000,00018,112,000,00017,428,000,00016,984,000,000
Intangible Assets123,000,000118,000,000136,000,000106,000,000118,000,000119,000,000113,000,000136,000,000252,000,000250,000,000232,000,000202,000,000237,000,000192,000,000131,000,000
Investments & Other3,466,000,0003,491,000,0003,513,000,0003,591,000,0004,779,000,000639,000,000591,000,000813,000,0001,014,000,000988,000,000642,000,000977,000,000857,000,000535,000,000565,000,000
Debtors (Due After 1 year)317,000,000423,000,000685,000,000356,000,000
Total Fixed Assets8,925,000,0008,805,000,0008,952,000,0008,676,000,0009,505,000,0009,222,000,0009,046,000,0008,762,000,00019,547,000,00019,288,000,00018,757,000,00018,911,000,00018,349,000,00017,620,000,00017,115,000,000
Stock & work in progress14,000,00014,000,00012,000,00013,000,00016,000,00014,000,00023,000,00020,000,00026,000,00026,000,00024,000,00022,000,00025,000,00040,000,00043,000,000
Trade Debtors63,000,00092,000,00032,000,000180,000,000113,000,000191,000,000239,000,000520,000,000373,000,00066,000,00052,000,00064,000,00072,000,00037,000,00059,000,000
Group Debtors133,000,00044,000,00075,000,00059,000,00034,000,00051,000,0007,000,00061,000,00043,000,00013,000,00017,000,00011,000,00022,000,000
Misc Debtors174,000,000202,000,00049,000,00052,000,000193,000,00060,000,00041,000,00066,000,000358,000,000315,000,000319,000,000215,000,000183,000,000207,000,000
Cash25,000,00010,000,0001,000,000275,000,0001,000,00020,000,0001,000,00083,000,0001,000,000
misc current assets992,000,000557,000,000444,000,0001,700,000,000693,000,0001,352,000,0001,572,000,0001,856,000,000203,000,000454,000,000504,000,000994,000,000536,000,000322,000,000398,000,000
total current assets1,268,000,000875,000,000670,000,0001,990,000,0001,090,000,0001,676,000,0002,184,000,0002,447,000,000675,000,000966,000,000938,000,0001,432,000,000866,000,000676,000,000730,000,000
total assets10,193,000,0009,680,000,0009,622,000,00010,666,000,00010,595,000,00010,898,000,00011,230,000,00011,209,000,00020,222,000,00020,254,000,00019,695,000,00020,343,000,00019,215,000,00018,296,000,00017,845,000,000
Bank overdraft619,000,000474,000,0008,000,0007,000,00023,000,00028,000,00034,000,00015,000,000
Bank loan414,000,000529,000,000473,000,000503,000,000683,000,000278,000,000243,000,000
Trade Creditors 227,000,000478,000,000170,000,000124,000,000138,000,000151,000,000228,000,000240,000,000445,000,000459,000,000485,000,000417,000,000343,000,000411,000,000439,000,000
Group/Directors Accounts1,236,000,0002,111,000,000117,000,000369,000,00074,000,000
other short term finances178,000,000806,000,000843,000,0001,457,000,00033,000,000242,000,000482,000,000186,000,00040,000,0002,191,000,0002,497,000,000582,000,000125,000,000125,000,000147,000,000
hp & lease commitments5,000,000
other current liabilities386,000,00060,000,000285,000,000251,000,000347,000,000346,000,000566,000,000824,000,000588,000,000658,000,000549,000,000549,000,000491,000,000438,000,000448,000,000
total current liabilities791,000,0001,344,000,0001,298,000,0001,832,000,0001,142,000,0001,213,000,0001,690,000,0001,787,000,0002,789,000,0003,308,000,0003,531,000,0004,185,000,0001,787,000,0001,655,000,0001,366,000,000
loans9,259,000,0007,647,000,0006,777,000,0008,171,000,0009,302,000,0008,358,000,0008,435,000,0005,364,000,0008,696,000,00014,797,000,00013,701,000,0008,139,000,0008,408,000,0008,198,000,0008,003,000,000
hp & lease commitments11,000,000
Accruals and Deferred Income33,000,000177,000,0001,047,000,0001,050,000,0001,067,000,0001,079,000,0001,100,000,000
other liabilities1,000,0001,000,000110,000,000115,000,000116,000,000144,000,00012,000,0001,047,000,0001,054,000,0007,000,00016,000,00022,000,0004,000,000
provisions1,702,000,0001,580,000,0001,622,000,0001,132,000,0001,234,000,0001,118,000,0001,132,000,0001,040,000,0003,350,000,0003,650,000,0003,522,000,0003,876,000,0003,852,000,0003,988,000,0004,000,000,000
total long term liabilities5,541,000,0004,677,000,0004,262,000,0004,810,000,0005,449,000,0004,912,000,0005,039,000,0005,583,000,00010,510,000,00010,511,000,0009,805,000,00010,278,000,00010,586,000,00010,299,000,00010,448,000,000
total liabilities6,332,000,0006,021,000,0005,560,000,0006,642,000,0006,591,000,0006,125,000,0006,729,000,0007,370,000,00013,299,000,00013,819,000,00013,336,000,00014,463,000,00012,373,000,00011,954,000,00011,814,000,000
net assets3,861,000,0003,659,000,0004,062,000,0004,024,000,0004,004,000,0004,773,000,0004,501,000,0003,839,000,0006,921,000,0006,433,000,0006,359,000,0005,880,000,0006,841,000,0006,340,000,0006,029,000,000
total shareholders funds3,861,000,0003,659,000,0004,062,000,0004,024,000,0004,004,000,0004,773,000,0004,501,000,0003,839,000,0006,921,000,0006,433,000,0006,359,000,0005,880,000,0006,841,000,0006,340,000,0006,029,000,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit853,000,000577,000,000499,000,000479,000,000475,000,000435,000,000647,000,000464,000,000573,000,0001,355,000,0001,359,000,0001,387,000,0001,344,000,0001,189,000,0001,110,000,000
Depreciation221,000,000222,000,000188,000,000166,000,000172,000,000170,000,000213,000,000364,000,000500,000,000547,000,000481,000,000465,000,000453,000,000431,000,000442,000,000
Amortisation40,000,00038,000,00028,000,00027,000,00029,000,00030,000,00052,000,00054,000,00054,000,00041,000,000126,000,00019,000,000
Tax-217,000,000-76,000,000-210,000,000-86,000,000-112,000,000-69,000,000-102,000,000-3,000,000-52,000,000-238,000,0001,000,000-178,000,000-104,000,000-100,000,000-288,000,000
Stock2,000,000-1,000,000-3,000,0002,000,000-9,000,0003,000,000-6,000,0002,000,0002,000,000-3,000,000-15,000,000-3,000,00043,000,000
Debtors-163,000,000-182,000,000267,000,000251,000,00071,000,000-4,000,000-257,000,000125,000,000-39,000,00075,000,00014,000,00092,000,00073,000,000-57,000,000288,000,000
Creditors-251,000,000308,000,00046,000,000-14,000,000-13,000,000-77,000,000-12,000,000-205,000,000-14,000,000-26,000,00068,000,00074,000,000-68,000,000-28,000,000439,000,000
Accruals and Deferred Income326,000,000-225,000,00034,000,000-96,000,0001,000,000-253,000,000-402,000,000-634,000,000977,000,000109,000,000-1,050,000,00041,000,00041,000,000-31,000,0001,548,000,000
Deferred Taxes & Provisions122,000,000-42,000,000490,000,000-102,000,000116,000,000-14,000,00092,000,000-2,310,000,000-300,000,000128,000,000-354,000,00024,000,000-136,000,000-12,000,0004,000,000,000
Cash flow from operations1,217,000,000984,000,000819,000,000127,000,000593,000,000234,000,000720,000,000-2,391,000,0001,723,000,0001,798,000,000543,000,0001,778,000,0001,513,000,0001,635,000,0006,939,000,000
Investing Activities
capital expenditure-341,000,000549,000,000-810,000,000279,000,000-482,000,000-375,000,000-527,000,00010,369,000,000-759,000,000-1,078,000,000-381,000,000-1,081,000,000-1,223,000,000-1,062,000,000-17,576,000,000
Change in Investments-25,000,000-22,000,000-78,000,000-1,188,000,0004,140,000,00048,000,000-222,000,000-201,000,00026,000,000346,000,000-335,000,000120,000,000322,000,000-30,000,000565,000,000
cash flow from investments-316,000,000571,000,000-732,000,0001,467,000,000-4,622,000,000-423,000,000-305,000,00010,570,000,000-785,000,000-1,424,000,000-46,000,000-1,201,000,000-1,545,000,000-1,032,000,000-18,141,000,000
Financing Activities
Bank loans-414,000,000-115,000,00056,000,000473,000,000-503,000,000-180,000,000405,000,00035,000,000243,000,000
Group/Directors Accounts-1,236,000,0001,236,000,000-2,111,000,0001,994,000,000-252,000,000295,000,00074,000,000
Other Short Term Loans -628,000,000-37,000,000-614,000,0001,424,000,000-209,000,000-240,000,000296,000,000146,000,000-2,151,000,000-306,000,0001,915,000,000457,000,000-22,000,000147,000,000
Long term loans1,612,000,000870,000,000-1,394,000,000-1,131,000,000944,000,000-77,000,0003,071,000,000-3,332,000,000-6,101,000,0001,096,000,0005,562,000,000-269,000,000210,000,000195,000,0008,003,000,000
Hire Purchase and Lease Commitments-16,000,00016,000,000
other long term liabilities1,000,000-1,000,000-109,000,000-5,000,000-1,000,000-28,000,000132,000,00012,000,000-1,047,000,000-7,000,0001,047,000,000-9,000,000-6,000,00018,000,0004,000,000
share issue-83,000,000-176,000,000223,000,000-211,000,00034,000,00054,000,000275,000,000168,000,000716,000,000-18,000,0003,000,0009,000,00018,000,00017,000,0005,729,000,000
interest-14,000,000-223,000,000-179,000,000-25,000,000-119,000,000-131,000,000-196,000,000-224,000,000-120,000,000-264,000,000-299,000,000-279,000,000-406,000,000-394,000,000-221,000,000
cash flow from financing888,000,000433,000,000-2,073,000,00036,000,000665,000,000-836,000,0003,463,000,000-4,410,000,000-6,994,000,000501,000,0005,614,000,0001,723,000,000-31,000,000144,000,00013,979,000,000
cash and cash equivalents
cash15,000,00010,000,000-1,000,0001,000,000-275,000,000275,000,000-1,000,0001,000,000-20,000,00019,000,000-82,000,00082,000,0001,000,000
overdraft-619,000,000145,000,000474,000,000-8,000,0001,000,0007,000,000-23,000,000-5,000,000-6,000,00019,000,00015,000,000
change in cash15,000,00010,000,000-1,000,000620,000,000-145,000,000-749,000,000283,000,000-1,000,000-8,000,0001,000,0003,000,00024,000,000-76,000,00063,000,000-14,000,000

national gas transmission plc Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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National Gas Transmission Plc Competitor Analysis

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Perform a competitor analysis for national gas transmission plc by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mega companies, companies in CV34 area or any other competitors across 12 key performance metrics.

national gas transmission plc Ownership

NATIONAL GAS TRANSMISSION PLC group structure

National Gas Transmission Plc has 3 subsidiary companies.

NATIONAL GAS TRANSMISSION PLC Shareholders

national grid gas holdings limited 100%

national gas transmission plc directors

National Gas Transmission Plc currently has 13 directors. The longest serving directors include Ms Cathryn Ross (Jun 2019) and Mr Jonathan Butterworth (May 2021).

officercountryagestartendrole
Ms Cathryn Ross52 years Jun 2019- Director
Mr Jonathan Butterworth62 years May 2021- Director
Mr Nick Hooper49 years Aug 2021- Director
Mr Jerry DivokyCanada58 years Jan 2023- Director
Mr Philip Nolan71 years Jan 2023- Director
Mr Howard Higgins72 years Jan 2023- Director
Mr Mark MathiesonUnited Kingdom58 years Jan 2023- Director
Mr William PriceUnited Kingdom40 years Jan 2023- Director
Mr Abdul Qureshi38 years Jul 2023- Director
Ms Jenny Dela Cruz34 years Jan 2024- Director

P&L

March 2024

turnover

1.8b

-7%

operating profit

853m

+48%

gross margin

19.4%

-17.31%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

3.9b

+0.06%

total assets

10.2b

+0.05%

cash

25m

+1.5%

net assets

Total assets minus all liabilities

national gas transmission plc company details

company number

02006000

Type

Public limited with Share Capital

industry

35220 - Distribution of gaseous fuels through mains

incorporation date

April 1986

age

39

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

March 2024

previous names

national grid gas plc (February 2023)

transco plc (October 2005)

See more

accountant

-

auditor

DELOITTE LLP

address

national grid house, warwick technology park, warwick, CV34 6DA

Bank

BARCLAYS BANK PLC

Legal Advisor

-

national gas transmission plc Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 10 charges/mortgages relating to national gas transmission plc. Currently there are 1 open charges and 9 have been satisfied in the past.

national gas transmission plc Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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national gas transmission plc Companies House Filings - See Documents

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