UK GAS DISTRIBUTION 2 LIMITED
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Cash
£169K
-14.9% vs 2023
Net assets
£2B
+24% vs 2023
Employees
0
Average over period
Profit before tax
£315M
+1,453.6% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £31,928,823 | £11,857,204 | |
| Operating profit | £20,297,450 | £315,371,156 | |
| Profit before tax | £20,300,153 | £315,373,277 | |
| Net profit | £20,300,153 | £315,373,277 | |
| Cash | £197,975 | £168,557 | |
| Total assets less current liabilities | £1,450,026,793 | £1,777,284,423 | |
| Net assets | £1,312,880,648 | £1,628,253,925 | |
| Equity | £1,312,880,648 | £1,628,253,925 | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 63.6% | 2659.7% | |
| Net margin | 63.6% | 2659.8% | |
| Return on capital employed | 1.4% | 17.7% | |
| Current ratio | -1.16x | -1.15x | |
| Interest cover | 1.75x | 26.38x |
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
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“After making enquiries and bearing in mind the nature of the company's business and assets, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements.”
Group structure
- UK GAS DISTRIBUTION 2 LIMITED · parent
- Scotia Gas Networks Limited 37.5%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOURANT SECRETARIES (JERSEY) LIMITED | Corporate Secretary | 2022-05-11 | — | — |
| HENRY, Mathew David | Director | 2025-04-30 | Feb 1987 | British |
| LUMLOCK, Rebecca Elizabeth | Director | 2022-06-23 | May 1973 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MONTESI, Gabriele | Director | 2022-05-11 | 2022-06-23 |
| ORTIZ, Felipe | Director | 2022-05-11 | 2025-04-30 |
| SIM, Paul Lucas | Director | 2022-05-11 | 2022-06-23 |
Ownership
Persons with significant control
Filing timeline
Last 13 of 13 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | AA | accounts | Accounts with accounts type full | |
| 2025-05-23 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-05-22 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-02-17 | OSCH01 | other | Change company details by uk establishment overseas company with change details | |
| 2024-11-15 | AA | accounts | Accounts with accounts type full | |
| 2023-08-16 | AA | accounts | Accounts with accounts type full | |
| 2023-05-30 | AA01 | accounts | Change account reference date company previous extended | |
| 2022-08-23 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2022-08-23 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-08-23 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-05-11 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2022-05-11 | OS-PAR | annual-return | Appointment at registration of person authorised to accept service | |
| 2022-05-11 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-62.9%
£31,928,823 £11,857,204
-
Cash
-14.9%
£197,975 £168,557
-
Net assets
+24%
£1,312,880,648 £1,628,253,925
-
Employees
—
Not reported
-
Operating profit
+1,453.7%
£20,297,450 £315,371,156
-
Profit before tax
+1,453.6%
£20,300,153 £315,373,277
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