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April 25, 2015 8:57 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

1,303 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: 46
Finance Director, Executive Director, Member of Health & Safety Management Committee, Member of Treasury Committee and Member of Pensions Committee
Age: 43
Regulation Director, Director, Member of Health & Safety Management Committee and Member of Pensions Committee
Age: 56
Head of Internal Audit
Age: 55
Commercial Director
Compensation as of Fiscal Year 2014.

Northern Electric plc Key Developments

Northern Electric plc Declares Preference Dividend Relating to the Six Months to 31 March 2015, Payable on 31 March 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 31 March 2015 is payable on 31 March 2015 to holders of preference shares on the register as at 6 March 2015.

Northern Electric plc Announces Preference Dividend for the Six Months to September 30, 2014, Payable on September 30, 2014

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 2014, is payable on 30 September 2014 to holders of preference shares on the register as at 5 September 2014.

Northern Electric plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Northern Electric plc announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenue was £199.1 million against £177.2 million a year ago. Operating profit was £106.4 million against £98.8 million a year ago. Profit before tax was £90.1 million against £82 million a year ago. Profit from ordinary activities after tax was £69.5 million against £62.3 million a year ago. Net cash from operating activities was £100.5 million against £62.1 million a year ago. Purchase of property, plant and equipment was £115.1 million against £96.1 million a year ago. Purchase of intangible assets was £5.0 million against £3.8 million a year ago.

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