NATIONAL GRID PROPERTY HOLDINGS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. NATIONAL GRID PROPERTY HOLDINGS LIMITED 2005-10-10 → present
2. SECONDSITE PROPERTY HOLDINGS LIMITED 2002-10-21 → 2005-10-10
3. LATTICE PROPERTY HOLDINGS LIMITED 2000-10-23 → 2002-10-21
4. BG PROPERTY HOLDINGS LIMITED 1999-07-19 → 2000-10-23
5. BG PROPERTY PORTFOLIO LIMITED 1999-06-24 → 1999-07-19

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis, which presumes that the Company has adequate resources to remain in operation, and that the Directors intend it to do so, for at least one year from the date the financial statements are signed. As the Company is part of a larger group it participates in the Group's centralised treasury arrangements and so shares banking arrangements with its subsidiaries. The Directors expect to be in a position to draw on intercompany loans, should this liquidity be required for the Company to meet its future obligations as they fall due.”

Group structure

1. NATIONAL GRID PROPERTY HOLDINGS LIMITED · parent
   1. National Grid Plus Limited 100% · England and Wales · Investment holding company
   2. National Grid Twenty Eight Limited 100% · England and Wales · Property holding
   3. National Grid Twenty Seven Limited 100% · England and Wales · Property holding
   4. National Grid William Limited 100% · England and Wales · Investment holding company
   5. Warwick Technology Park Management Company (No.2) Limited 61% · England and Wales · Management Company

Significant events

• “During the year, the Company sold sites to third parties resulting in a profit on sale of £12,790,000 (2024: £10,340,000).”
• “An assessment has been completed to confirm the treatment of sites that may require reclassification from property, plant and equipment to assets held for sale. This review found 13 sites (2024: 18 sites) with a net book value of £5,188,000 (2024: £10,455,000) which have been disposed of or are expected to be disposed of in the next financial year.”
• “Subsequent to the year end, the Company has sold 12 sites to third parties for value of £7,102,000. 8 of these sites were held for sale as at the year end.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -4.9%

  £6,016,000 → £5,720,000

• Cash

  —

  Not reported

• Net assets

  +8.9%

  £215,198,000 → £234,344,000

• Employees

  -25.7%

  35 → 26

• Operating profit

  +106.3%

  -£9,757,000 → £611,000

• Profit before tax

  +114.7%

  £10,927,000 → £23,456,000

• Wages

  -17.7%

  £2,286,000 → £1,882,000

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