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November 27, 2015 9:46 AM ET

Electric Utilities

Company Overview of Electricity North West Limited

Company Overview

Electricity North West Limited operates as an electricity distributor in the northwest region of England. The company owns, invests in, operates, and maintains the network of poles, wires, transformers, and cables, which carry electricity from the national grid to 2.4 million premises and 5 million customers. It operates through a network of approximately 13,000 km of overhead lines; 44,000 km of underground cables; 86,000 items of switchgear; and 34,000 transformers. The company was incorporated in 1989 and is based in Warrington, the United Kingdom. Electricity North West Limited is a subsidiary of North West Electricity Networks Plc.

304 Bridgewater Place

Birchwood Park

Warrington,  WA3 6XG

United Kingdom

Founded in 1989

1,646 Employees

Key Executives for Electricity North West Limited

Chief Executive Officer, Executive Director, Chairman of Use of System Pricing Committee, Member of Health & Safety Committee and Member of Finance Committee
Chief Financial Officer, Member of Finance Committee and Member of Use of System Pricing Committee
Age: 54
Head of Pensions and Reward
Head of Economic Regulation
Company Secretary
Compensation as of Fiscal Year 2015.

Electricity North West Limited Key Developments

Electricity North West Invests GBP 120,000 to Upgrade Power Network in Styal

Electricity North West announced that it is investing GBP 120,000 to upgrade the power network which supplies electricity to almost 2,000 residents in Styal, Wilmslow, in Cheshire. Engineers will be working in the area between Altrincham Road and Styal Prison to replace aging underground cables which have supplied power to customers for more than 55 years. The essential four-week project will help ensure local homes and businesses receive a reliable power supply now and in the future.

Electricity North West Limited Reports Consolidated and Company Earnings Results for the Year Ended March 31, 2015

Electricity North West Limited reported consolidated earnings results for the year ended March 31, 2015. For the year on group basis, the company reported revenue of GBP 533.7 million against GBP 508.0 million a year ago. Operating profit was GBP 301.3 million against GBP 280.4 million a year ago. Profit before taxation was GBP 91.9 million against GBP 202.1 million a year ago. Profit for the year attributable to equity shareholders was GBP 71.8 million against GBP 187.3 million a year ago. Net cash generated from operating activities was GBP 271.5 million against GBP 234.6 million a year ago. Purchase of property, plant and equipment was GBP 242.7 million against GBP 234.6 million a year ago. Purchase of intangible assets was GBP 11.0 million. Net debt as at March 31, 2015 was GBP 1,125 million against GBP 1,088 million a year ago. For the year on company basis, the company reported net cash generated from operating activities of GBP 269.3 million against GBP 234.6 million a year ago. Purchase of property, plant and equipment was GBP 242.7 million against GBP 234.6 million a year ago. Purchase of intangible assets was GBP 11.0 million.

Electricity North West Appoints Andrew Dench as CFO

Electricity North West appointed Andrew Dench as its new CFO. Andrew joined the electricity network operator from his role as head of corporate finance at the London Stock Exchange Group before which he was CFO and deputy CEO at Veolia Water UK, Ireland and Northern Europe where he was also managing director of group services.

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