Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


September 04, 2015 7:38 AM ET

Electric Utilities

Company Overview of Northern Electric plc

Company Overview

Northern Electric plc, together with its subsidiaries, distributes electricity in the United Kingdom. It provides engineering contracting services; and car finance services, as well as is involved in the property holding and management activities. The company was incorporated in 1989 and is based in Newcastle upon Tyne, the United Kingdom. Northern Electric plc is a subsidiary of Northern Powergrid Limited.

Lloyds Court

78 Grey Street

Newcastle Upon Tyne,  NE1 6AF

United Kingdom

Founded in 1989

1,277 Employees

Key Executives for Northern Electric plc

Chief Executive Officer, President, Executive Director, Member of Health & Safety Management Committee, Member of Treasury Committee, President of Northern Powergrid Group and Chief Executive Officer of Northern Powergrid Group
Age: 47
Finance Director, Executive Director, Member of Health & Safety Management Committee, Member of Treasury Committee and Member of Pensions Committee
Age: 44
Regulation Director, Director, Member of Health & Safety Management Committee and Member of Pensions Committee
Age: 57
Head of Internal Audit
Age: 56
Commercial Director and Member of Health & Safety Management Committee
Compensation as of Fiscal Year 2015.

Northern Electric plc Key Developments

Northern Electric plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Northern Electric plc reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of £200.6 million against £199.1 million a year ago, mainly due to the higher distribution revenues and smart metering rental income, partly offset by lower contracting volumes. Operating profit was £107.2 million against £106.4 million a year ago. Profit before tax was £90.0 million against £90.1 million a year ago. Profit from ordinary activities after tax was £70.7 million against £69.5 million a year ago. Net cash from operating activities was £83.3 million against £100.5 million a year ago. Purchase of property, plant and equipment was £148.0 million against £115.1 million a year ago. Purchase of intangible assets was £5.2 million against £5.0 million a year ago.

Northern Electric plc Announces Dividend on Preference Share for the Six Months to 30 September 2015, Payable on 30 September 2015

The board of Northern Electric plc announced that a dividend of 4.0305 pence (net) per Preference Share, relating to the six months to 30 September 2015 is payable on 30 September 2015 to holders of Preference Shares on the register as at 4 September 2015.

Northern Electric plc Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Northern Electric plc announced unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of £409,503,000 against £350,919,000 a year ago, higher than the prior year mainly due to the five-year profile of allowed revenues inherent in the DPCR5 price control formula and additional contracting volumes. Operating profit was £210,709,000 against £180,827,000 a year ago, reflecting increased revenues partly offset by a higher level of exit charges included in costs of sales, additional contracting volumes and increases in some operating costs such as salaries and maintenance. Profit before tax was £178,256,000 against £147,339,000 a year ago. Profit attributable to owners of the parent was £140,241,000 against £132,368,000 a year ago. Net cash from operating activities was £155,456,000 against £130,885,000 a year ago. Purchase of intangible fixed assets was £11,070,000 against £8,776,000 a year ago. Purchase of intangible assets was £216,760,000 against £199,392,000 a year ago. Higher profits were offset by adverse working capital movements.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Northern Electric plc, please visit www.northernpowergrid.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.