north west electricity networks plc

5

north west electricity networks plc Company Information

Share NORTH WEST ELECTRICITY NETWORKS PLC
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Company Number

06428375

Registered Address

electricity north west, borron street, stockport, SK1 2JD

Industry

Activities of head offices

 

Telephone

08001954141

Next Accounts Due

September 2024

Group Structure

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Directors

Robert Holden8 Years

Yamabayashi Yoshihiro4 Years

View All

Shareholders

nwen group ltd 100%

north west electricity networks plc Estimated Valuation

£880m

Pomanda estimates the enterprise value of NORTH WEST ELECTRICITY NETWORKS PLC at £880m based on a Turnover of £586.4m and 1.5x industry multiple (adjusted for size and gross margin).

north west electricity networks plc Estimated Valuation

£3.4b

Pomanda estimates the enterprise value of NORTH WEST ELECTRICITY NETWORKS PLC at £3.4b based on an EBITDA of £327.7m and a 10.33x industry multiple (adjusted for size and gross margin).

north west electricity networks plc Estimated Valuation

£194.8m

Pomanda estimates the enterprise value of NORTH WEST ELECTRICITY NETWORKS PLC at £194.8m based on Net Assets of £254.6m and 0.77x industry multiple (adjusted for liquidity).

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North West Electricity Networks Plc Overview

North West Electricity Networks Plc is a live company located in stockport, SK1 2JD with a Companies House number of 06428375. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2007, it's largest shareholder is nwen group ltd with a 100% stake. North West Electricity Networks Plc is a established, mega sized company, Pomanda has estimated its turnover at £586.4m with healthy growth in recent years.

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North West Electricity Networks Plc Health Check

Pomanda's financial health check has awarded North West Electricity Networks Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £586.4m, make it larger than the average company (£20m)

£586.4m - North West Electricity Networks Plc

£20m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.4%)

8% - North West Electricity Networks Plc

4.4% - Industry AVG

production

Production

with a gross margin of 32.6%, this company has a comparable cost of product (32.6%)

32.6% - North West Electricity Networks Plc

32.6% - Industry AVG

profitability

Profitability

an operating margin of 31.8% make it more profitable than the average company (5.9%)

31.8% - North West Electricity Networks Plc

5.9% - Industry AVG

employees

Employees

with 2042 employees, this is above the industry average (118)

2042 - North West Electricity Networks Plc

118 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.8k, the company has a lower pay structure (£45.4k)

£32.8k - North West Electricity Networks Plc

£45.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £287.2k, this is more efficient (£186.5k)

£287.2k - North West Electricity Networks Plc

£186.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 9 days, this is earlier than average (46 days)

9 days - North West Electricity Networks Plc

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (45 days)

15 days - North West Electricity Networks Plc

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 20 days, this is less than average (48 days)

20 days - North West Electricity Networks Plc

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 19 weeks, this is average cash available to meet short term requirements (16 weeks)

19 weeks - North West Electricity Networks Plc

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (57%)

94.4% - North West Electricity Networks Plc

57% - Industry AVG

NORTH WEST ELECTRICITY NETWORKS PLC financials

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North West Electricity Networks Plc's latest turnover from March 2023 is £586.4 million and the company has net assets of £254.6 million. According to their latest financial statements, North West Electricity Networks Plc has 2,042 employees and maintains cash reserves of £174.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover586,400,000464,400,000441,400,000469,500,000449,600,000430,200,000485,500,000450,800,000533,700,000508,000,000468,000,000404,600,000393,700,000323,600,000
Other Income Or Grants00000000000000
Cost Of Sales395,263,542313,883,474302,927,562317,629,818306,599,084294,754,230330,711,112306,381,035370,409,230355,182,284326,948,115282,589,728273,274,118224,011,908
Gross Profit191,136,458150,516,526138,472,438151,870,182143,000,916135,445,770154,788,888144,418,965163,290,770152,817,716141,051,885122,010,272120,425,88299,588,092
Admin Expenses4,436,458-16,483,474-28,927,562-51,529,818-38,399,084-38,754,230-95,811,112-60,881,035-126,509,230-117,682,284-71,848,115-57,889,728-80,274,118-46,111,908
Operating Profit186,700,000167,000,000167,400,000203,400,000181,400,000174,200,000250,600,000205,300,000289,800,000270,500,000212,900,000179,900,000200,700,000145,700,000
Interest Payable90,800,000219,700,000156,300,000113,600,000159,200,000134,800,000132,500,000110,400,000122,800,000149,310,000114,600,000235,100,000120,300,000149,300,000
Interest Receivable4,200,000400,0000010,100,00011,700,00012,100,00013,600,0006,800,0001,300,00014,500,00054,300,0001,000,00042,300,000
Pre-Tax Profit100,100,000-52,300,00011,900,00090,000,00032,300,00084,500,00027,100,00068,000,00015,000,000140,500,000114,500,000-900,00083,800,000-27,700,000
Tax-34,200,000-74,200,000-1,300,000-40,000,000-6,900,000-18,000,0004,800,00017,500,000-4,200,00015,100,000-8,600,00040,000,0008,800,000-4,800,000
Profit After Tax65,900,000-126,500,00010,600,00050,000,00025,400,00066,500,00031,900,00085,500,00010,800,000155,600,000105,900,00039,100,00092,600,000-32,500,000
Dividends Paid33,300,00036,600,0002,000,00028,400,0008,000,00039,700,00051,000,00023,000,00064,000,00064,000,00033,000,00015,000,00014,000,0002,400,000
Retained Profit32,600,000-163,100,0008,600,00021,600,00017,400,00026,800,000-19,100,00062,500,000-53,200,00091,600,00072,900,00024,100,00078,600,000-34,900,000
Employee Costs67,000,00060,900,00059,100,000130,200,000126,300,000115,600,000105,000,000102,300,00098,200,00096,900,00090,100,00089,000,00068,300,00013,600,000
Number Of Employees2,0421,9351,9181,9131,8801,7951,6661,6041,6701,6881,6221,6131,18994
EBITDA*327,700,000299,900,000293,500,000325,000,000298,300,000288,200,000358,300,000307,500,000480,400,000371,600,000309,600,000272,500,000280,200,000217,700,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets3,705,600,0003,540,200,0003,441,400,0003,371,800,0003,302,900,0003,148,500,0003,048,200,0002,953,800,0002,847,900,0002,704,900,0002,571,400,0002,445,700,0002,325,000,0002,200,700,000
Intangible Assets242,200,000245,800,000246,400,000240,700,000239,200,000236,500,000232,400,000226,400,000216,300,000208,900,000216,100,000224,400,000216,600,000207,800,000
Investments & Other15,100,0000000000000000
Debtors (Due After 1 year)42,600,00018,400,000000000000000
Total Fixed Assets3,947,800,0003,786,000,0003,687,800,0003,612,500,0003,542,100,0003,385,000,0003,280,600,0003,180,200,0003,064,200,0002,913,800,0002,787,500,0002,670,100,0002,541,600,0002,408,500,000
Stock & work in progress22,400,00018,100,00014,000,00010,800,00012,200,00010,500,0009,600,0008,500,0007,300,0007,300,0005,200,0006,800,0005,600,0000
Trade Debtors15,500,0007,800,0007,700,0007,900,0005,300,00010,700,00057,700,00064,700,0006,700,0006,500,0006,100,0006,500,00033,200,0002,000,000
Group Debtors2,700,0001,800,0003,200,0002,800,0001,600,0002,400,000001,300,0001,300,0001,200,000700,0003,700,000100,000
Misc Debtors76,600,00067,400,00061,500,00049,700,00047,900,00047,500,0000055,400,00051,200,00050,300,00046,900,00041,600,00033,500,000
Cash174,200,00060,500,000323,000,00056,700,00023,200,00087,900,000143,500,000120,700,000257,600,00069,500,00088,200,00084,500,000204,000,000111,700,000
misc current assets305,700,0000000011,000,00029,200,00039,400,0000014,900,0001,000,0001,100,000
total current assets613,400,000159,500,000409,400,000131,000,00090,200,000159,000,000221,800,000223,100,000367,700,000135,800,000151,000,000160,300,000289,100,000148,400,000
total assets4,561,200,0003,945,500,0004,097,200,0003,743,500,0003,632,300,0003,544,000,0003,502,400,0003,403,300,0003,431,900,0003,049,600,0002,938,500,0002,830,400,0002,830,700,0002,556,900,000
Bank overdraft00000000000000
Bank loan0007,000,0006,800,000000000000
Trade Creditors 17,300,00013,400,00026,400,00013,900,00014,000,00011,000,000158,400,000153,200,000146,200,00025,600,00018,300,00023,500,0009,900,00033,200,000
Group/Directors Accounts000006,600,0006,400,0004,600,000676,500,000676,500,000677,200,000658,000,00000
other short term finances223,300,0009,000,000404,400,00000000299,600,00000000
hp & lease commitments0001,900,0000000000000
other current liabilities227,400,000165,900,000133,200,000128,600,000124,700,000156,000,0001,100,000600,0002,800,000124,700,000158,500,000110,600,000804,800,000720,000,000
total current liabilities468,000,000188,300,000564,000,000151,400,000145,500,000173,600,000165,900,000158,400,0001,125,100,000826,800,000854,000,000792,100,000814,700,000753,200,000
loans5,181,000,0004,481,800,0004,271,600,0004,256,600,0004,116,100,0004,877,700,0004,899,000,0004,767,300,0003,004,500,0002,940,100,0002,821,800,0002,828,900,0002,794,400,0002,515,200,000
hp & lease commitments0003,600,0000000000000
Accruals and Deferred Income00000000000000
other liabilities898,600,0001,000,200,000899,100,000391,400,000363,900,000330,600,000298,000,000261,300,000245,700,000207,800,000186,100,000161,000,000128,100,00094,200,000
provisions699,000,000602,400,000587,800,000547,000,000475,400,000480,200,000545,400,000533,400,000640,000,000694,200,000901,800,000767,600,000890,200,0001,111,000,000
total long term liabilities3,838,600,0003,542,300,0003,328,800,0003,351,200,0003,209,300,0003,198,700,0003,214,100,0003,059,200,0002,188,900,0002,081,200,0002,088,100,0002,030,400,0002,016,800,0001,942,600,000
total liabilities4,306,600,0003,730,600,0003,892,800,0003,502,600,0003,354,800,0003,372,300,0003,380,000,0003,217,600,0003,314,000,0002,908,000,0002,942,100,0002,822,500,0002,831,500,0002,695,800,000
net assets254,600,000214,900,000204,400,000240,900,000277,500,000171,700,000122,400,000185,700,000117,900,000141,600,000-3,600,0007,900,000-800,000-138,900,000
total shareholders funds254,600,000214,900,000204,400,000240,900,000277,500,000171,700,000122,400,000185,700,000117,900,000141,600,000-3,600,0007,900,000-800,000-138,900,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit186,700,000167,000,000167,400,000203,400,000181,400,000174,200,000250,600,000205,300,000289,800,000270,500,000212,900,000179,900,000200,700,000145,700,000
Depreciation126,800,000120,100,000120,200,000115,100,000110,700,000108,500,000106,000,000100,500,00095,300,00093,900,00088,400,00084,300,00075,200,00068,500,000
Amortisation14,200,00012,800,0005,900,0006,500,0006,200,0005,500,0001,700,0001,700,00095,300,0007,200,0008,300,0008,300,0004,300,0003,500,000
Tax-34,200,000-74,200,000-1,300,000-40,000,000-6,900,000-18,000,0004,800,00017,500,000-4,200,00015,100,000-8,600,00040,000,0008,800,000-4,800,000
Stock4,300,0004,100,0003,200,000-1,400,0001,700,000900,0001,100,0001,200,00002,100,000-1,600,0001,200,0005,600,0000
Debtors42,000,00023,000,00012,000,0005,600,000-5,800,0002,900,000-7,000,0001,300,0004,400,0001,400,0003,500,000-24,400,00042,900,00035,600,000
Creditors3,900,000-13,000,00012,500,000-100,0003,000,000-147,400,0005,200,0007,000,000120,600,0007,300,000-5,200,00013,600,000-23,300,00033,200,000
Accruals and Deferred Income61,500,00032,700,0004,600,0003,900,000-31,300,000154,900,000500,000-2,200,000-121,900,000-33,800,00047,900,000-694,200,00084,800,000720,000,000
Deferred Taxes & Provisions96,600,00014,600,00040,800,00071,600,000-4,800,000-65,200,00012,000,000-106,600,000-54,200,000-207,600,000134,200,000-122,600,000-220,800,0001,111,000,000
Cash flow from operations409,200,000232,900,000334,900,000356,200,000262,400,000208,700,000386,700,000220,700,000416,300,000149,100,000476,000,000-467,500,00081,200,0002,041,500,000
Investing Activities
capital expenditure-302,800,000-231,100,000-201,400,000-192,000,000-274,000,000-218,400,000-208,100,000-218,200,000-341,000,000-227,400,000-214,100,000-221,100,000-212,600,000-2,480,500,000
Change in Investments15,100,0000000000000000
cash flow from investments-317,900,000-231,100,000-201,400,000-192,000,000-274,000,000-218,400,000-208,100,000-218,200,000-341,000,000-227,400,000-214,100,000-221,100,000-212,600,000-2,480,500,000
Financing Activities
Bank loans00-7,000,000200,0006,800,000000000000
Group/Directors Accounts0000-6,600,000200,0001,800,000-671,900,0000-700,00019,200,000658,000,00000
Other Short Term Loans 214,300,000-395,400,000404,400,0000000-299,600,000299,600,00000000
Long term loans699,200,000210,200,00015,000,000140,500,000-761,600,000-21,300,000131,700,0001,762,800,00064,400,000118,300,000-7,100,00034,500,000279,200,0002,515,200,000
Hire Purchase and Lease Commitments00-5,500,0005,500,0000000000000
other long term liabilities-101,600,000101,100,000507,700,00027,500,00033,300,00032,600,00036,700,00015,600,00037,900,00021,700,00025,100,00032,900,00033,900,00094,200,000
share issue7,100,000173,600,000-45,100,000-58,200,00088,400,00022,500,000-44,200,0005,300,00029,500,00053,600,000-84,400,000-15,400,00059,500,000-104,000,000
interest-86,600,000-219,300,000-156,300,000-113,600,000-149,100,000-123,100,000-120,400,000-96,800,000-116,000,000-148,010,000-100,100,000-180,800,000-119,300,000-107,000,000
cash flow from financing732,400,000-129,800,000713,200,0001,900,000-788,800,000-89,100,0005,600,000715,400,000315,400,00044,890,000-147,300,000529,200,000253,300,0002,398,400,000
cash and cash equivalents
cash113,700,000-262,500,000266,300,00033,500,000-64,700,000-55,600,00022,800,000-136,900,000188,100,000-18,700,0003,700,000-119,500,00092,300,000111,700,000
overdraft00000000000000
change in cash113,700,000-262,500,000266,300,00033,500,000-64,700,000-55,600,00022,800,000-136,900,000188,100,000-18,700,0003,700,000-119,500,00092,300,000111,700,000

north west electricity networks plc Credit Report and Business Information

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Low Risk50 - 70
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High Risk20 - 30
Very High Risk0 - 20
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North West Electricity Networks Plc Competitor Analysis

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Perform a competitor analysis for north west electricity networks plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in SK1 area or any other competitors across 12 key performance metrics.

north west electricity networks plc Ownership

NORTH WEST ELECTRICITY NETWORKS PLC group structure

North West Electricity Networks Plc has 3 subsidiary companies.

Ultimate parent company

NORTH WEST ELECTRICITY NETWORKS (JERSEY)

#0031781

2 parents

NORTH WEST ELECTRICITY NETWORKS PLC

06428375

3 subsidiaries

NORTH WEST ELECTRICITY NETWORKS PLC Shareholders

nwen group ltd 100%

north west electricity networks plc directors

North West Electricity Networks Plc currently has 9 directors. The longest serving directors include Mr Robert Holden (May 2016) and Mr Yamabayashi Yoshihiro (Oct 2019).

officercountryagestartendrole
Mr Robert HoldenEngland68 years May 2016- Director
Mr Yamabayashi YoshihiroEngland62 years Oct 2019- Director
Mr Genping PanEngland58 years Jan 2020- Director
Mr Kaoru FukushimaEngland50 years Apr 2020- Director
Mr Yoichi HamadaEngland54 years Apr 2020- Director
Mr Takeshi TanakaEngland52 years Jun 2020- Director
Mr Makoto MurataEngland45 years Jul 2022- Director
Mr Ian SmythEngland53 years Sep 2022- Director
Mr Christopher Johns54 years May 2023- Director

P&L

March 2023

turnover

586.4m

+26%

operating profit

186.7m

+12%

gross margin

32.6%

+0.57%

turnover

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

Balance Sheet

March 2023

net assets

254.6m

+0.18%

total assets

4.6b

+0.16%

cash

174.2m

+1.88%

net assets

Total assets minus all liabilities

north west electricity networks plc company details

company number

06428375

Type

Public limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

November 2007

age

17

incorporated

UK

accounts

Group

ultimate parent company

NORTH WEST ELECTRICITY NETWORKS (JERSEY)

previous names

north west electricity networks limited (October 2014)

last accounts submitted

March 2023

address

electricity north west, borron street, stockport, SK1 2JD

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

north west electricity networks 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 3 charges/mortgages relating to north west electricity networks plc. Currently there are 2 open charges and 1 have been satisfied in the past.

charges

north west electricity networks plc Companies House Filings - See Documents

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