Northern Electric PLC 8.061 % Cum Pref
LLSE:NTEA120.50
GBX
+0.50
(+0.42%)
ISIN
GB0006546898
Return %
Stock
S&P 500
1Y
-5.86
14.20
3Y
4.33
81.12
5Y
-18.86
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
FRC
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Zakiur Rahman Jaffer
- Full Time Employees
- 1,802
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- 12-13 St. Swithins Lane Newcastle-upon-Tyne TY United Kingdom EC4N 8AL
- IPO Date
- Sep 15, 1995
- Website
- northern-electric.co.uk
- Similar Companies
- Business
- Northern Electric PLC (NTEA.L) is a United Kingdom-based holding company primarily engaged in electricity distribution, engineering contracting services, and smart meter rental through its subsidiaries, including Northern Powergrid (Northeast) plc, Integrated Utility Services Limited, and Northern Powergrid Metering Limited; Northern Powergrid (Northeast) plc distributes electricity to approximately 1.6 million customers across a network spanning over 42,000 kilometers of overhead and underground cables and more than 28,000 substations in northeast England from North Northumberland to York and the Pennines; Integrated Utility Services Limited provides engineering contracting services; and Northern Powergrid Metering Limited rents meters to energy suppliers. Founded in 1989 and headquartered at Lloyds Court, 78 Grey Street, Newcastle upon Tyne, the company operates within the electric utilities sector, focusing on distribution, contracting, metering, and related activities for regional customers in the UK. In recent developments, the group exercised its second one-year extension option on a £100 million revolving credit facility agreement originally entered in December 2021, extending the termination date to December 2026; it continues to provide corporate functions to the Northern Powergrid group amid stable operations as outlined in its half-yearly report for the period ended 30 June 2024.