ELEXON LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-15 (in 5mo)
Last made up 2025-10-01
Watchouts
Cash
£416M
+18.8% vs 2024
Net assets
£0
Equity attributable
Employees
256
+6.2% vs 2024
Profit before tax
£0
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 2 times since incorporation
- ELEXON LIMITED 2000-05-31 → present
- BSCC LIMITED 1999-07-13 → 2000-05-31
- INTERCEDE 1442 LIMITED 1999-06-04 → 1999-07-13
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £117,235,000 | £122,062,000 | |
| Operating profit | -£665,000 | -£755,000 | |
| Profit before tax | £0 | £0 | |
| Net profit | £0 | £0 | |
| Cash | £350,010,000 | £415,738,000 | |
| Total assets less current liabilities | £0 | £936,000 | |
| Net assets | £0 | £0 | |
| Equity | £0 | £0 | |
| Average employees | 241 | 256 | |
| Wages | £17,245,000 | £19,142,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -0.6% | -0.6% | |
| Net margin | 0.0% | 0.0% | |
| Return on capital employed | — | -80.7% | |
| Gearing (liabilities / total assets) | 100.0% | 100.0% | |
| Current ratio | 1.00x | 1.00x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Board considers that there is a reasonable expectation that the Group will continue in operating existence for the foreseeable future and has therefore used the going concern basis of accounting in the preparation of the financial statements.”
Group structure
- ELEXON LIMITED · parent
- Elexon Clear Limited 100%
- Elexon Flex Limited 100%
- BSC Co. Limited 100%
- EMR Settlement Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Nicholas | Secretary | 2010-04-24 | — | British |
| CELAL, Devrim | Director | 2023-11-01 | May 1970 | Cypriot |
| FITZPATRICK, Tim | Director | 2022-07-01 | May 1959 | British |
| GRAVES, Ian Robert | Director | 2023-01-01 | Apr 1972 | British |
| HEAL, Anne Elizabeth | Director | 2017-10-01 | Oct 1962 | British |
| STANLEY, Peter Leonard | Director | 2023-10-01 | Feb 1967 | British |
| TITTERTON, David George | Director | 2019-03-01 | Feb 1960 | British |
| VAUGHAN, Sara Lyn | Director | 2019-03-01 | May 1964 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COE, Linda Frances | Secretary | 2000-08-14 | 2002-11-27 |
| FORWARD, David Charles | Secretary | 1999-11-30 | 2000-08-14 |
| WILLIAMS, Claire Anne | Secretary | 2002-11-28 | 2010-04-23 |
| MITRE SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-06-04 | 1999-11-30 |
| BECKERS, Volker Bernd, Dr | Director | 2013-03-01 | 2019-02-28 |
| BRENDISH, Clayton Mark | Director | 2001-04-04 | 2006-04-03 |
| BYGRAVES, Mark Lindsay | Director | 2016-11-11 | 2021-10-31 |
| CHAPPELL, Alison Jane | Director | 2013-03-01 | 2019-02-28 |
| CORNWALL, Nigel Paul, Mr. | Director | 2010-10-14 | 2015-09-30 |
| CORNWALL, Nigel Paul, Mr. | Director | 2008-11-05 | 2009-11-19 |
| DAVIES, Charles Henry | Director | 1999-11-30 | 2000-08-14 |
| DUFFY, Clare | Director | 2015-11-01 | 2023-10-31 |
| DURLACHER, Nicholas John | Director | 2000-08-14 | 2010-09-30 |
| ELSEY, Dennis Henry | Director | 1999-11-30 | 2000-08-14 |
| EYRE, Sebastian Peter, Dr | Director | 2010-02-12 | 2010-09-30 |
| GIBBONS, Michael John Stanley | Director | 2013-10-01 | 2022-09-30 |
| MCCALLA, Simon James | Director | 2022-04-04 | 2023-09-04 |
| MOUSE, Yasmin Hilal | Director | 2023-01-01 | 2023-09-30 |
| NELSON, Thomas Scott | Director | 2000-08-14 | 2008-10-01 |
| PINDER, Andrew John | Director | 2010-10-01 | 2013-09-30 |
| RICH, Michael William | Nominee Director | 1999-06-04 | 1999-11-30 |
| RIGNEY, David James | Director | 2013-05-01 | 2022-07-01 |
| TEAGUE, Peter Roy | Director | 2008-10-01 | 2013-04-30 |
| THOMAS, Graham David | Director | 2000-08-14 | 2008-10-01 |
| TOZER, Jane Elizabeth | Director | 2006-04-01 | 2013-07-31 |
| VEST, Barbara Anne | Director | 2000-08-14 | 2013-03-01 |
| WARNER, William | Director | 1999-06-04 | 1999-11-30 |
| WILMOT, Gillian Caroline | Director | 2013-10-01 | 2017-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Grid Electricity System Operator Limited | Corporate entity | Shares 75–100% | 2019-04-01 | Ceased 2024-10-01 |
| National Grid Electricity Transmission Plc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2019-04-01 |
Filing timeline
Last 20 of 142 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-12 RESOLUTIONS Resolution
- 2024-10-12 MA Memorandum articles
- 2024-10-07 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-25 | AA | accounts | Accounts with accounts type group | |
| 2024-10-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-12 | MA | incorporation | Memorandum articles | |
| 2024-10-07 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-10-01 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-10-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-01 | SH01 | capital | Capital allotment shares | |
| 2024-08-19 | AA | accounts | Accounts with accounts type group | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-15 | AA | accounts | Accounts with accounts type group | |
| 2023-06-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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 2025-03-31 vs 2024-03-31
-
Turnover
+4.1%
£117,235,000 £122,062,000
-
Cash
+18.8%
£350,010,000 £415,738,000
-
Net assets
—
Not reported
-
Employees
+6.2%
241 256
-
Operating profit
-13.5%
-£665,000 -£755,000
-
Wages
+11%
£17,245,000 £19,142,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers