TEPCO POWER GRID UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-12 (in 6mo)
Last made up 2025-10-29
Watchouts
None on the register
Cash
£17M
-51.8% vs 2022
Net assets
£69M
+24.3% vs 2022
Employees
6
+500% highest in 3 filed years
Profit before tax
-£993K
-259.8% vs 2022
Net assets
4-year trend · vs Utilities median
Accounts
4-year trend · latest reflected 2023-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2023-12-31.
| Metric | Trend | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | £149,672 | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | £621,458 | -£993,272 | |
| Net profit | — | — | £621,458 | -£993,272 | |
| Cash | — | — | £36,147,052 | £17,412,911 | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | — | £55,271,847 | £68,679,670 | |
| Equity | — | — | £165,815,541 | £0 | |
| Average employees | 0 | — | 1 | 6 | |
| 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 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Net margin | — | — | — | -663.6% | |
| Gearing (liabilities / total assets) | — | — | 22.9% | 0.2% |
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
- Standalone (parent only)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least 12 months from the date of approval of the financial statements. Furthermore, TEPCO Power Grid (Parent Company) has committed to providing financial support to the Company for a period of 12 months from the date of approval of the Company's financial statements.”
Group structure
- TEPCO POWER GRID UK LIMITED · parent
- F11 Limited 100%
Significant events
- “The Company's principal activity is to hold and manage an investment In F11 limited, the wholly owned subsidiary which has 6.5% shareholding in a UK electricity distribution network holding company, and hold another investment in Triton Knoll OFTO Bidco Limited, the 20% owned joint venture.”
- “The Company will continue to act as an investment holding company and investing in other projects.”
- “After the year end the Company made additional investments in F11 Limited. These comprised £1,064,823 made on 20 February 2025, £855,581 made on 15 May 2025 and £1,465,362 made on 27 August 2025. The investments were funded by additional share capital of £165,000 Issued and fully paid on 18 February 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AJISAWA, Shingo | Director | 2022-01-06 | Apr 1973 | Japanese |
| OISHI, Takashi | Director | 2025-06-26 | Mar 1969 | Japanese |
| SAKAI, Masamitsu | Director | 2025-07-01 | Dec 1975 | Japanese |
| TAKADA, Kenichi | Director | 2022-03-30 | Jul 1973 | Japanese |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EZURE, Makoto | Director | 2022-03-30 | 2025-07-01 |
| MAEDA, Takeshi | Director | 2022-03-30 | 2024-07-23 |
| SHIBA, Kazuhiko | Director | 2024-07-26 | 2025-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tokyo Electric Power Company Holdings, Incorporated | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-06 | Active |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | SH01 | capital | Capital allotment shares | |
| 2026-01-07 | SH01 | capital | Capital allotment shares | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-10-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-12 | SH01 | capital | Capital allotment shares | |
| 2025-01-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-24 | AA | accounts | Accounts with accounts type full | |
| 2024-12-06 | SH01 | capital | Capital allotment shares | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-04 | SH01 | capital | Capital allotment shares | |
| 2024-01-22 | SH01 | capital | Capital allotment shares | |
| 2024-01-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-16 | SH01 | capital | Capital allotment shares | |
| 2023-12-20 | SH01 | capital | Capital allotment shares | |
| 2023-12-07 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 4
- Officers appointed
- 2
- Officers resigned
- 2
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
—
Not reported
-
Cash
-51.8%
£36,147,052 £17,412,911
-
Net assets
+24.3%
£55,271,847 £68,679,670
-
Employees
+500%
1 6
highest in 3 filed years
-
Profit before tax
-259.8%
£621,458 -£993,272
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