CADENT FINANCE PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-07 (in 2mo)
Last made up 2025-06-23
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£9M
-14.7% vs 2024
Employees
0
Average over period
Profit before tax
-£1M
-143.2% vs 2024
Name history
Renamed 2 times since incorporation
- CADENT FINANCE PLC 2017-05-02 → present
- NATIONAL GRID GAS FINANCE PLC 2016-06-09 → 2017-05-02
- NATIONAL GRID GAS FINANCE (NO 1) PLC 2006-08-03 → 2016-06-09
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 | — | — | |
| Operating profit | — | — | |
| Profit before tax | £2,641,000 | -£1,141,000 | |
| Net profit | £2,641,000 | -£1,141,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £6,989,878,000 | £7,522,695,000 | |
| Net assets | -£7,756,000 | -£8,897,000 | |
| Equity | -£7,756,000 | -£8,897,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 100.1% | 100.1% | |
| 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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied 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. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 16 April 2024, Cadent Finance Plc issued a 9 year fixed rate Green bond with a notional value of €640 million and coupon of 3.75% under its £7 billion Euro Medium Term Note Programme.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENNETT, Diane Mary | Secretary | 2020-01-23 | — | — |
| BARON, Gary Lee | Director | 2025-04-01 | Jun 1981 | British |
| BRAITHWAITE, Mark William | Director | 2018-11-28 | Nov 1965 | British |
| FIDLER, Eduard Benjamin | Director | 2024-09-25 | Feb 1977 | Canadian |
| HOLLAND-KAYE, William John | Director | 2026-02-01 | Mar 1965 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COOPER, Mark Stuart | Secretary | 2017-03-31 | 2020-01-15 |
| DAVIDSON, Rachael Jennifer | Secretary | 2016-09-08 | 2017-03-31 |
| DURRANT, Andrew Peter | Secretary | 2006-08-03 | 2007-10-19 |
| FORWARD, David Charles | Secretary | 2006-08-03 | 2013-11-30 |
| HOWITT, David Andrew | Secretary | 2016-11-23 | 2020-01-17 |
| MORGAN, Alice Parker | Secretary | 2016-03-08 | 2017-03-31 |
| RAYNER, Heather Maria | Secretary | 2013-11-30 | 2016-03-08 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2006-08-03 | 2006-08-03 |
| AGG, Andrew Jonathan | Director | 2016-01-04 | 2017-03-31 |
| BEANEY, Fiona Louise | Director | 2013-04-03 | 2016-09-08 |
| BICKERSTAFF, Anthony Oliver | Director | 2022-02-07 | 2024-09-30 |
| BRADLEY, Martin | Director | 2017-03-31 | 2018-11-28 |
| COOPER, Malcolm Charles | Director | 2016-09-08 | 2017-03-31 |
| COOPER, Malcolm Charles | Director | 2006-08-03 | 2016-01-04 |
| FLAWN, Mark Antony David | Director | 2006-08-03 | 2013-01-07 |
| HURRELL, Stephen Glynn | Director | 2019-02-15 | 2021-12-23 |
| KORPANCOVA, Jaroslava | Director | 2017-03-31 | 2022-08-31 |
| LEWIS, Alexandra Morton | Director | 2006-12-01 | 2013-09-09 |
| MONTAGUE, Adrian Alastair, Sir | Director | 2017-11-22 | 2026-01-31 |
| NOONAN, Stephen Francis | Director | 2006-08-03 | 2009-07-10 |
| PETTIFER, Richard Francis | Director | 2006-08-03 | 2008-09-30 |
| PRESTON, David Anthony | Director | 2013-04-03 | 2016-09-08 |
| RAYNER, Heather Maria | Director | 2013-01-08 | 2013-04-03 |
| SMYTH-OSBOURNE, Michael Alexander | Director | 2006-08-03 | 2006-10-31 |
| TRAIN, Christopher | Director | 2016-09-08 | 2019-02-15 |
| WATERS, Christopher John | Director | 2017-11-22 | 2018-10-29 |
| WATERS, Christopher John | Director | 2008-09-30 | 2016-09-08 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2006-08-03 | 2006-08-03 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Director | 2006-08-03 | 2006-08-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cadent Gas Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-01 | Active |
| National Grid Gas Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-10-01 |
Filing timeline
Last 20 of 147 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-10 RESOLUTIONS Resolution
- 2023-06-10 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-04 | AA | accounts | Accounts with accounts type interim | |
| 2024-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-29 | AA | accounts | Accounts with accounts type full | |
| 2024-04-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-10 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-10 | MA | incorporation | Memorandum articles | |
| 2022-11-07 | CH01 | officers | Change person director company with change date | |
| 2022-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-08 | AA | accounts | Accounts with accounts type full | |
| 2022-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-14.7%
-£7,756,000 -£8,897,000
-
Employees
—
Not reported
-
Profit before tax
-143.2%
£2,641,000 -£1,141,000
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