INTERCONNECTOR LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-03-20 (in 10mo)
Last made up 2026-03-06
Watchouts
Cash
£195M
+23.1% vs 2024
Net assets
£34M
+8.1% vs 2024
Employees
86
+1.2% vs 2024
Profit before tax
£68M
+7.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- INTERCONNECTOR LIMITED 2021-06-21 → present
- INTERCONNECTOR (UK) LIMITED 1994-11-14 → 2021-06-21
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £113,440,000 | £117,149,000 | |
| Operating profit | £65,143,000 | £69,935,000 | |
| Profit before tax | £63,437,000 | £67,947,000 | |
| Net profit | £49,101,000 | £57,326,000 | |
| Cash | £158,533,000 | £195,222,000 | |
| Total assets less current liabilities | £245,662,000 | £276,553,000 | |
| Net assets | £31,887,000 | £34,470,000 | |
| Equity | £31,887,000 | £34,470,000 | |
| Average employees | 85 | 86 | |
| Wages | £6,506,000 | £6,484,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 57.4% | 59.7% | |
| Net margin | 43.3% | 48.9% | |
| Return on capital employed | 26.5% | 25.3% | |
| Gearing (liabilities / total assets) | 90.0% | 89.4% | |
| Current ratio | 3.01x | 4.72x | |
| Interest cover | 5.28x | 6.62x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that, there will be sufficient demand for capacity to generate sufficient revenues to maintain the group as a going concern.”
Group structure
- INTERCONNECTOR LIMITED · parent
- Interconnector Zeebrugge Terminal BV 49%
- Interconnector Leasing Company Limited 100%
Significant events
- “INT's annual maintenance finished in early October, after which GB exports resumed.”
- “Following an Open Season in which INT engaged with the market and with UK and Belgian authorities, INT reduced the GB import capacity to 27.8GW for Gas Year 2025 (from 4th November 2025 onwards).”
- “September 2025, an unplanned blowdown vent at IZT.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 91 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARMEY, Mary Conor Matthew | Secretary | 2009-06-01 | — | British |
| BELLAGAMBA, Marta | Director | 2026-02-24 | Dec 1987 | Italian |
| CAPIZZI, Daniele | Director | 2026-02-11 | Jul 1977 | Italian |
| DE WAELE, Ben | Director | 2021-04-15 | Jun 1979 | Belgian |
| GIORDANI, Gabriele | Director | 2026-02-11 | Dec 1983 | Italian |
| HERMANS, Geert | Director | 2019-11-18 | Jun 1979 | Belgian |
| NAPOLANO, Livia | Director | 2026-02-24 | Aug 1978 | Italian |
| RAFFAGLI, Raoul | Director | 2024-12-17 | May 1982 | Italian |
| VERHAEGHE, Peter Robert | Director | 2024-11-01 | Mar 1962 | Belgian |
Show 91 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CROZIER, Gavin Hugh | Secretary | 2008-12-04 | 2009-06-01 |
| DAVIES, Tim John | Secretary | 1994-11-14 | 1994-12-16 |
| HUQUE, Habib | Secretary | 1994-12-16 | 1998-11-01 |
| KAMBO, Hari | Secretary | 2002-03-08 | 2006-06-21 |
| MULCARE, Anthony | Secretary | 1998-11-01 | 2002-03-08 |
| SIMMONS, Mary Conor Matthew | Secretary | 2006-06-21 | 2008-12-04 |
| ADAMSON, William Harvey | Director | 2002-09-18 | 2005-07-12 |
| ALLCOCK, James Frank | Director | 1995-02-10 | 1999-11-08 |
| ALLEN, David Christopher, Dr | Director | 1994-12-16 | 1995-03-07 |
| ANOKHIN, Denis Sergeevich | Director | 2011-03-25 | 2015-05-22 |
| ARISTARCHI, Serena | Director | 2021-09-30 | 2024-06-03 |
| BALTESKARD, Birger | Director | 2006-09-15 | 2012-06-28 |
| BELLAGAMBA, Marta | Director | 2025-07-21 | 2026-02-23 |
| BETTONVILLE, Huberte | Director | 2018-01-01 | 2018-12-03 |
| BIANCHI, Giulia | Director | 2024-06-28 | 2025-07-21 |
| BOSMAN, Eric | Director | 2008-09-18 | 2010-06-30 |
| BÜX, Arno | Director | 2015-12-17 | 2024-12-17 |
| CALI, Michele Maria | Director | 2019-05-28 | 2021-09-29 |
| CAPIZZI, Daniele | Director | 2024-06-28 | 2026-02-11 |
| CATTOOR, Henri Desire | Director | 2011-05-26 | 2016-06-24 |
| CHIPPERFIELD, Geoffrey, Sir | Director | 1994-12-16 | 1995-02-10 |
| COLE, Ian David, Mr. | Director | 2003-09-25 | 2005-09-23 |
| CONCANNON, Anthony Patrick | Director | 2000-07-01 | 2003-06-20 |
| CORNISH, Roger Alan | Director | 1996-06-10 | 2008-04-01 |
| COTE, Patrick | Director | 2016-12-16 | 2018-03-12 |
| COTTRELL, Dennis William | Director | 1996-07-29 | 1997-06-30 |
| COX, William Patrick | Director | 1994-12-16 | 1994-12-23 |
| DAVIES, Tim John | Director | 1994-11-14 | 1994-12-16 |
| DE BUCK, Pascal Desire Luc | Director | 2009-12-17 | 2014-12-16 |
| DE RANTER, Steven Daniel | Director | 2018-05-25 | 2019-05-21 |
| DE WAELE, Ben | Director | 2018-12-03 | 2019-11-18 |
| DELLA ZOPPA, Alessandro | Director | 2001-11-01 | 2012-08-03 |
| ERMOLI, Federico | Director | 2012-08-22 | 2017-03-09 |
| FLOREN, Hans-Peter | Director | 2000-07-01 | 2008-12-04 |
| FOSTER, Maria Anne | Director | 1999-01-21 | 2000-07-01 |
| GAIR, David John | Director | 1995-03-07 | 1998-10-14 |
| GIESE, Oliver Frank | Director | 2011-01-17 | 2012-09-26 |
| GRIFFITHS, Malcolm David | Director | 1999-03-19 | 2003-11-14 |
| HEPWORTH, Alistair John | Director | 2003-11-14 | 2006-09-15 |
| KRASNENKOV, Alexander Victor | Director | 2002-04-12 | 2003-07-14 |
| LACHANCE, Eric | Director | 2014-01-29 | 2016-12-16 |
| LEGROS, Didier | Director | 1997-02-21 | 1997-11-19 |
| LEHMANN, Peter Julian, Dr | Director | 1994-12-23 | 1996-07-29 |
| MACLEOD, Fiona Anne | Director | 2002-03-11 | 2003-11-01 |
| MARSHALL, Alan Roger | Director | 1997-11-19 | 2000-10-23 |
| MATARAZZO, Giacomo | Director | 2022-07-28 | 2024-06-03 |
| MATARAZZO, Giacomo | Director | 2021-09-30 | 2022-07-27 |
| MATEILLE, Jean Pierre Philippe | Director | 2003-04-30 | 2007-10-05 |
| MATHER, Peter James, Mr. | Director | 1998-10-14 | 2002-03-07 |
| MCNAIR, Lawrence Keith | Director | 1994-12-16 | 1996-01-26 |
| MEW, Richard Martin | Director | 2002-02-26 | 2003-05-14 |
| MOSA, Paolo | Director | 2000-07-27 | 2001-11-01 |
| MULCARE, Anthony | Director | 1994-12-16 | 1998-11-01 |
| NAPOLANO, Livia | Director | 2024-06-03 | 2026-02-23 |
| NAPOLANO, Livia | Director | 2022-10-12 | 2024-06-03 |
| NATH, Avtansini | Director | 2004-02-03 | 2005-03-03 |
| NICHOLLS, Peter Harrison | Director | 2000-10-23 | 2003-04-30 |
| NOLAN, Philip, Doctor | Director | 1995-03-01 | 1996-06-10 |
| OTTERBERG, Nicole | Director | 2008-12-04 | 2011-01-17 |
| PAGNUZZATO, Alessandro | Director | 1998-11-10 | 2000-07-27 |
| PELUSO, Giuseppe | Director | 2020-01-17 | 2022-07-27 |
| POTTS, Marcus Ewart Ronksley | Director | 2003-05-14 | 2003-09-25 |
| RAMSAY, Andrew Stephen James | Director | 2003-06-20 | 2005-06-30 |
| REED, Paul Jonathan | Director | 1994-12-16 | 1995-03-01 |
| REMIZOV, Valeri | Director | 1994-12-16 | 2001-10-28 |
| RENAULT, Olivier | Director | 2011-05-26 | 2014-01-24 |
| RENAULT, Olivier | Director | 2010-12-06 | 2011-05-26 |
| RHEAULT, Yves | Director | 2007-11-28 | 2009-06-22 |
| ROMIEU, Michel | Director | 1994-12-16 | 1997-02-21 |
| ROSER, Stephen David | Director | 1998-11-01 | 2002-02-20 |
| RUGGERI, Elio | Director | 2019-05-28 | 2020-01-17 |
| SHEARD, Rowland Raymond | Director | 1996-11-15 | 1997-03-25 |
| SIROTKIN, Mikhail | Director | 2003-09-04 | 2011-03-25 |
| SOUCHARD, Richard Jack | Director | 2006-09-06 | 2007-06-07 |
| SPONHEUER, Theodor | Director | 1994-12-16 | 2000-07-01 |
| STEELE, Graeme Edward | Director | 2016-09-07 | 2018-03-12 |
| STEVENSON, Christine Monica | Director | 1996-01-26 | 1996-11-15 |
| SURRALL, Stephen John | Director | 1999-07-30 | 2002-09-18 |
| TABOR, Brian Geoffrey | Director | 2012-06-28 | 2013-02-26 |
| TALL, Macky | Director | 2007-07-26 | 2011-05-26 |
| TANTERI, Matteo | Director | 2017-03-09 | 2019-05-28 |
| THOMPSELL, Nicholas Peter | Director | 1994-11-14 | 1994-12-16 |
| TREMBLAY, Josee | Director | 2009-06-22 | 2010-10-01 |
| TRIMMER, Paul John Vincent | Director | 2014-04-01 | 2017-12-31 |
| TURNER, Stephen John | Director | 2018-05-25 | 2019-05-21 |
| VAN DE VYVER, Jan Erik John | Director | 2024-01-01 | 2024-11-01 |
| VAN ELST, Rafael | Director | 2012-08-22 | 2023-12-31 |
| VENNEKENS, Erik Jean Corneel | Director | 2014-12-16 | 2021-04-15 |
| VENTRELLA, Paolo | Director | 2024-06-03 | 2026-02-11 |
| VERCAMMEN, Yves Jozef Julia | Director | 2007-09-14 | 2012-08-03 |
| VERMEIRE, Jean | Director | 1994-12-16 | 2007-09-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fluxys Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 365 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | AA | accounts | Accounts with accounts type group | |
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-24 | AA | accounts | Accounts with accounts type group | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 5
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+3.3%
£113,440,000 £117,149,000
-
Cash
+23.1%
£158,533,000 £195,222,000
-
Net assets
+8.1%
£31,887,000 £34,470,000
-
Employees
+1.2%
85 86
-
Operating profit
+7.4%
£65,143,000 £69,935,000
-
Profit before tax
+7.1%
£63,437,000 £67,947,000
-
Wages
-0.3%
£6,506,000 £6,484,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers