July 26, 2017 8:54 AM ET

Electric Utilities

Company Overview of Electricity North West Limited

Company Overview

Electricity North West Limited operates as an electricity distributor for homes and businesses in the North West 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

1,702 Employees

Key Executives for Electricity North West Limited

CEO & Executive Director
Age: 54
CFO & Executive Director
Age: 56
Head of Pensions and Reward
Head of Economic Regulation
Head of Risk, Control and Assurance
Compensation as of Fiscal Year 2017.

Electricity North West Limited Key Developments

Electricity North West Limited Announces Audited Consolidated Earnings Results and Company Cash Flow Results for the Year Ended March 31, 2017

Electricity North West Limited announced audited consolidated earnings results and company cash flow results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported revenue of GBP 485.5 million against GBP 450.8 million a year ago. Operating profit was GBP 259.4 million against GBP 214.6 million a year ago. Profit before taxation was GBP 81.0 million against profit before taxation of GBP 121.5 million a year ago. Profit for the year attributable to equity shareholders was GBP 71.0 million against GBP 117.0 million a year ago. Net cash generated from operating activities was GBP 269.5 million against GBP 201.2 million a year ago. Purchase of property, plant and equipment was GBP 194.3 million against GBP 199.5 million a year ago. Purchase of intangible assets was GBP 10.1 million against GBP 14.9 million a year ago. For the year, on company basis, the company reported net cash generated from operating activities was GBP 269.5 million against GBP 201.2 million a year ago. Purchase of property, plant and equipment was GBP 194.3 million against GBP 199.5 million a year ago. Purchase of intangible assets was GBP 10.1 million against GBP 14.9 million a year ago.

Electricity North West Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended September 30, 2016

Electricity North West Limited announced unaudited consolidated earnings results for the half year ended September 30, 2016. For the half-year period, the company reported revenue of GBP 226.8 million against GBP 211.6 million a year ago. Operating profit was GBP 109.8 million against GBP 98.3 million a year ago. Loss before taxation was GBP 66.5 million against profit before taxation of GBP 86.2 million a year ago. Loss for the period attributable to equity shareholders was GBP 46.8 million against profit attributable to equity shareholders of GBP 68.8 million a year ago. Net cash generated from operating activities was GBP 93.3 million against GBP 98.0 million a year ago. Purchase of property, plant and equipment was GBP 90.2 million against GBP 102.5 million a year ago. Purchase of intangible assets was GBP 4.1 million against GBP 8.6 million a year ago. The company’s revenue is GBP 15 million higher in the six months to 30 September 2016 compared to the same period in the prior year. This is due to a higher unit price, in line with the allowed Distribution Use of System (‘DUoS’) revenue. Operating profit is GBP 12 million higher mainly as a result of the higher revenue and an ongoing focus on operating cost control.

Electricity North West Limited Reports Consolidated Earnings Results for the Year Ended March 31, 2016

Electricity North West Limited reported consolidated earnings results for the year ended March 31, 2016. For the year, revenue was GBP 450.8 million against GBP 533.7 million a year ago. Operating profit was GBP 214.6 million against GBP 301.3 million a year ago. Profit before taxation was GBP 121.5 million against GBP 91.9 million a year ago. Profit for the year attributable to equity shareholders was GBP 117.0 million against GBP 71.8 million a year ago. Net cash generated from operating activities was GBP 201.2 million against GBP 271.5 million a year ago. Purchase of property, plant and equipment was GBP 199.5 million against GBP 242.7 million a year ago. Purchase of intangible assets was GBP 14.9 million against GBP 11.0 million a year ago.

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