Company Overview
Northern Electric Plc is listed at the official companies registry as Active Public Limited Company. The company was incorporated on Saturday 01 April 1989, so this is a well established company. Northern Electric Plc has been in business for 37 years. The accounts status is group and the accounts are next due on Tuesday 30 June 2026.
Registered Address

Lloyds Court, 78 Grey Street, Newcastle Upon Tyne, NE1 6AF
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Companies House Data
Company NameNORTHERN ELECTRIC PLC
Company Number02366942
Registered Office AddressLloyds Court
 78 Grey Street
 NE1 6AF
Company CategoryPublic Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date01/04/1989
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/06/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryGROUP
Returns Next Due Date29/04/2017
Returns Last Made Up Date01/04/2016
Directors & Members
Show Resigned
Alexander Jones - Director
(British, 41 years old, born August 1985)
Appointed 14 April 2022
 Active
Stephen Lockwood - Director
(British, 61 years old, born June 1965)
Appointed 14 April 2022
 Active
John Reynolds - Director
(British, 60 years old, born September 1966)
Appointed 26 October 2017
 Active
Secretaries
Show Resigned
Jennifer Riley - Secretary
Appointed 20 January 2017
 Active
Other Company Directorships
Alexander Jones
CALENERGY GAS (HOLDINGS) LIMITED
CALENERGY GAS LIMITED
CALENERGY NORTH SEA LIMITED
CALENERGY RESOURCES (AUSTRALIA) LIMITED
CALENERGY RESOURCES (OPERATOR) LIMITED
CALENERGY RESOURCES (UK) LIMITED
CALENERGY RESOURCES LIMITED
INTEGRATED UTILITY SERVICES LIMITED
IUS IRELAND LIMITED
NORTHERN ELECTRIC FINANCE PLC
NORTHERN ELECTRIC PROPERTIES LIMITED
NORTHERN POWERGRID (NORTHEAST) PLC
NORTHERN POWERGRID (YORKSHIRE) PLC
NORTHERN POWERGRID GAS LIMITED
NORTHERN POWERGRID LIMITED
NORTHERN POWERGRID METERING LIMITED
NORTHERN POWERGRID UK HOLDINGS
NORTHERN TRANSPORT FINANCE LIMITED
YORKSHIRE ELECTRICITY GROUP PLC
YORKSHIRE POWER GROUP LIMITED
Stephen Lockwood
CALENERGY RESOURCES (AUSTRALIA) LIMITED
CALENERGY RESOURCES LIMITED
ELECTRICITY ASSOCIATION SERVICES LIMITED
GDF SUEZ TEESSIDE LIMITED
NORTHERN ELECTRIC FINANCE PLC
NORTHERN TRANSPORT FINANCE LIMITED
VEHICLE LEASE AND SERVICE LIMITED
VLS LIMITED
John Reynolds
CASTLE UTILITIES GROUP LIMITED
CASTLE WATER (SCOTLAND) LIMITED
CASTLE WATER (SCOTLAND) NO.2 LIMITED
CASTLE WATER GROUP LIMITED
CASTLE WATER LIMITED
CASTLE WATER NETWORKS LIMITED
CRAIGHALL CASTLE LIMITED
MARKET OPERATOR SERVICES LIMITED
NORTHERN POWERGRID HOLDINGS COMPANY
SWITCHWATER LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2015 31-Dec-2014
Balance Sheet
Fixed Assets 2,262,130,000 2,262,130,000 2,034,527,000
Current Assets 96,155,000 96,155,000 169,919,000
Creditors Due Within One Year 128,898,000 128,898,000 239,933,000
Working Cap -32,743,000 -32,743,000 -70,014,000
Total Assets Less Current Liabilities 2,229,387,000 2,229,387,000 1,964,513,000
Long-term Liabilities 1,220,818,000 1,220,818,000 1,077,619,000
Net Assets 1,008,569,000 1,008,569,000 886,894,000
Share Capital & Reserves
Share Cap 72,173,000 72,173,000 72,173,000
Profit & Loss Reserves 771,463,000 771,463,000 649,788,000
Other Reserves 164,933,000 164,933,000 164,933,000
Shareholders Funds 1,008,569,000 1,008,569,000 886,894,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2015 31-Dec-2014
Tangible Fixed Assets - - -
Fixed Assets 95.9% 95.9% 92.3%
Stocks Inventory 0.6% 0.6% 0.6%
Debtors 0.0% 0.0% 0.0%
Cash Bank In Hand 0.4% 0.4% 3.9%
Current Assets 4.1% 4.1% 7.7%
Creditors Due Within One Year 5.5% 5.5% 10.9%
Net Current Assets Liabilities -1.4% -1.4% -3.2%
Creditors Due After One Year 51.8% 51.8% 48.9%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 42.8% 42.8% 40.2%
Called Up Share Capital 3.1% 3.1% 3.3%
Share Capital Allotted Called Up Paid 3.1% 3.1% 3.3%
Profit Loss Account Reserve 32.7% 32.7% 29.5%
Shareholder Funds 42.8% 42.8% 40.2%
Capital Employed - - -
Total Assets Less Current Liabilities 94.5% 94.5% 89.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2015 31-Dec-2014
Liquidity Ratio 0.7 0.7 0.7
Solvency Ratio 1.7 1.7 1.7
Reserves to Assets 0.3 0.3 0.3
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2015 31-Dec-2014
Assets 2,358,285,000 2,358,285,000 2,204,446,000
Debt 1,349,716,000 1,349,716,000 1,317,552,000
Net Assets/Debt 1,008,569,000 1,008,569,000 886,894,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the substantial net assets of a large company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the substantial net assets of a large company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the substantial net assets of a large company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around NE1 6AF
NORTHERN ELECTRICS LIMITED
Lloyds Court, 78 Grey Street, Newcastle Upon Tyne, NE1 6AF
INTEGRATED UTILITY SERVICES LIMITED
LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
NORTHERN POWERGRID (NORTHEAST) PLC
LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
POWERGRID (YORKSHIRE) LIMITED
2ND FLOOR LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
WESTERN POWERGRID LIMITED
2ND FLOOR LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
POWERGRID (WESTERN) LIMITED
2ND FLOOR LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
POWERGRID (WEST) LIMITED
2ND FLOOR LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
POWERGRID (SOUTH) LIMITED
2ND FLOOR LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
NORTH WESTERN POWERGRID LIMITED
2ND FLOOR LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
EASTERN POWERGRID LIMITED
2ND FLOOR LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AF
Document Filings
Resolutions
Confirmation statement made on 1 April 2025 with updates
Appointment of Mrs Jennifer Catherine Riley as a director on 17 October 2024
Auditor's resignation
Confirmation statement made on 1 April 2024 with updates
Resolutions
Confirmation statement made on 1 April 2023 with updates
Register(s) moved to registered inspection location Equiniti Highdown House Yeoman Way Worthing BN99 3HH
Register inspection address has been changed to Equiniti Highdown House Yeoman Way Worthing BN99 3HH
Director's details changed for Mr Stephen John Lockwood on 24 August 2022
Appointment of Mr Alexander Patrick Jones as a director on 14 April 2022
Termination of appointment of Calvin Dean Haack as a director on 14 April 2022
Appointment of Mr Stephen John Lockwood as a director on 14 April 2022
Termination of appointment of Philip Antony Jones as a director on 14 April 2022
Termination of appointment of Thomas Hugh France as a director on 14 April 2022
Confirmation statement made on 1 April 2022 with updates
Registration of charge 023669420002, created on 15 December 2021
Satisfaction of charge 023669420001 in full
Confirmation statement made on 1 April 2021 with updates
Director's details changed for Dr Philip Antony Jones on 26 February 2021
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