National Grid Commercial Holdings Limited
Registered name: NATIONAL GRID COMMERCIAL HOLDINGS LIMITED
Part of National Grid PLC groupNational Grid Commercial Holdings Limited made £143m revenue and a £17m loss in the year to 31 Mar 2025.
National Grid Commercial Holdings Limited’s revenue grew 31% to £143m in the year to 31 Mar 2025, with a loss of £17m and 404 employees. The company is classified under “activities of head offices”; we hold 3 years of its filed accounts.
- Status
- Active
- Age
- 26 yrs · since 2000
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £110m | £109m | £143m |
| Operating profit | −£55m | £9m | £22m |
| Profit before tax | £57m | −£47m | −£20m |
| Profit after tax | £45m | −£55m | −£17m |
| Profit (best available) | £45m | −£55m | −£17m |
| Employees (average) | 367 | 404 | 404 |
| Ratios | |||
| Profit margin | 40.9% | −50.5% | −11.9% |
| Revenue per employee | £300k | £270k | £354k |
| Profit per employee | £123k | −£136k | −£42.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▼0.9% | ▲31.2% |
| Profit growth | — | ▼222.2% | — |
| Headcount growth | — | ▲10.1% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −11.9%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £354k
- Revenue ÷ average employees.
- Profit per employee
- −£42.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 404
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- National Grid PLCultimate parent75–100%
- National Grid Holdings One PLC75–100%
- Lattice Group Limited75–100%
- National Grid Commercial Holdings Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- National Grid Property Holdings LimitedFigures not disclosed
- Ngrid Intellectual Property LimitedFigures not disclosed
Sister companies (1)
- National Grid Energy Metering LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£17m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.