National Grid is an international electricity and gas company. It transmits and distributes electricity and natural gas. The Company owns and operates electricity transmission networks in England, Wales and Scotland. It also owns and operates gas transmission systems in Great Britain. In addition, it jointly owns and operates transmission facilities and electricity and gas distribution networks in the US. The Company is also involved in gas metering, property management, liquefied natural gas (LNG) importation terminal, unregulated transmission pipeline, and LNG operations, as well as operates Great Britain-France interconnector. Further, it is engaged in solar power generation.

TypePublic
HQLondon, GB
Founded1990
Size (employees)23,023 (est)
Websitenationalgrid.com
National Grid was founded in 1990 and is headquartered in London, GB
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Key People/Management at National Grid

John Fiet

John Fiet

CEO
Nicola Shaw

Nicola Shaw

Executive Director, UK
Dean Seavers

Dean Seavers

Executive Director, US
Badar Khan

Badar Khan

Group Director Corporate Development and National Grid Ventures
Alison Kay

Alison Kay

Group General Counsel & Company Secretary
Adriana Karaboutis

Adriana Karaboutis

Chief Information and Digital Officer
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National Grid Office Locations

National Grid has offices in London, Staffordshire, Worcester, Wokingham and in 42 other locations
London, (HQ)
1 - 3 Strand
Derby,
Osprey House 5 Hunter Road Castle Donington
Eakring,
Kirklington Rd Albermarle Cottages
Hertfordshire,
Cadwell Lane Hitchin
Isle of Grain,
Rochester Kent
Leeds,
1100 Century Way Thorpe Park
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National Grid Financials and Metrics

National Grid Revenue

National Grid's revenue was reported to be £15.25 b in FY, 2018
GBP

Revenue (FY, 2018)

15.2b

Net income (FY, 2018)

3.6b

EBITDA (FY, 2018)

5.0b

EBIT (FY, 2018)

3.5b

Cash (31-Mar-2018)

329.0m

EV

32.9b
GBPFY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

4.4b9.4b9.0b8.5b9.2b8.7b14.4b14.8b15.2b13.2b15.0b15.2b

Revenue growth, %

3%(1%)

Operating expense total

3.9b7.8b6.9b6.7b6.8b6.2b10.6b11.1b14.8b10.0b11.8b11.8b

EBITDA

3.4b5.2b3.7b1.9b4.8b4.9b5.0b
GBPFY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

12.5k212.6m119.0m96.0m100.0m1.5b1.6b671.0m354.0m119.0m127.0m1.1b329.0m

Accounts Receivable

707.4m628.0m496.0m553.0m838.0m638.0m1.3b1.6b2.5b2.1b2.4b2.5b

Inventories

56.1m126.0m91.0m101.0m108.0m106.0m291.0m268.0m340.0m437.0m403.0m341.0m

Current Assets

12.5k5.9b6.0b5.0b4.8b3.8b7.3b9.6b7.5b6.0b6.3b13.6b6.7b
GBPFY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(487.0m)422.0m1.1b907.0m1.2b1.3b2.2b2.5b2.0b1.9b1.8b3.6b

Cash From Operating Activities

1.3b2.8b2.8b2.9b3.0b3.0b3.8b4.0b5.0b5.4b5.2b4.5b

Dividends Paid

264.6m530.0m609.0m731.0m745.0m730.0m1.4b1.1b1.1b1.3b1.5b4.5b

Cash From Financing Activities

454.6m174.0m(240.0m)1.1b(5.7b)1.5b2.7b(3.0b)(3.3b)(1.3b)69.0m(7.5b)
GBPY, 2018

EV/EBITDA

6.5 x

EV/EBIT

9.4 x

EV/CFO

7.3 x

Revenue/Employee

689.0k

Debt/Equity

0.1 x

Financial Leverage

3.1 x
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National Grid Online and Social Media Presence

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National Grid News and Updates

National Grid unveils $250M corporate venture capital arm

Former Intel Capital managing director has launched National Grid Partners.

National Grid forms $250 million venture fund led by former Intel Capital exec Lisa Lambert

Lisa Lambert will lead National Grid's $250 million fund for investing in energy and other tech startups.

National Grid profit hit by US storms, launches UK cost-cut plan

Electricity and gas utility company National Grid Plc reported a 6 percent fall in half-yearly underlying operating profit on Thursday, hurt in part by lower profit from its U.S. units where a string of storms raised costs.

National Grid Continues National Leadership In Energy Efficiency

WALTHAM, Mass., Oct. 5, 2018 /PRNewswire/ -- The American Council for an Energy-Efficient Economy (ACEEE) released its 2018 State Energy Efficiency Scorecard yesterday, and once again, National Grid's service area in three states — Mass., R.I., and N.Y.—all ranked among the top ten in...

National Grid relocates premises to Crossgates House in Leeds

Acting on behalf of Praxis Real Estate Management Ltd, Carter Towler has just let the fourth floor of Crossgates House to National Grid. Commenting on the deal, Carter Towler’s senior surveyor Philip Shopland-Reed, said: “National Grid is moving a significant proportion of its Leeds-based operation …

National Grid Smart Engages Aclara To Provide SMETS2 Smart Metering For Customers In The UK

CAMBRIDGE, England, Aug. 22, 2018 /PRNewswire/ -- Aclara, a leading supplier of smart infrastructure solutions (SIS) to electric, gas and water utilities, has been awarded a contract with National Grid Smart to provide the SMETS2 (smart metering equipment technical specifications: second...
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National Grid Company Life and Culture

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National Grid Frequently Asked Questions

  • When was National Grid founded?

    National Grid was founded in 1990.

  • Who are National Grid key executives?

    National Grid's key executives are John Fiet, Nicola Shaw and Dean Seavers.

  • How many employees does National Grid have?

    National Grid has 23,023 employees.

  • What is National Grid revenue?

    Latest National Grid annual revenue is £15.2 b.

  • What is National Grid revenue per employee?

    Latest National Grid revenue per employee is £662.4 k.

  • Who are National Grid competitors?

    Competitors of National Grid include Exelon Corporation, Corning Natural Gas Holding and ENGIE.

  • Where is National Grid headquarters?

    National Grid headquarters is located at 1 - 3 Strand, London.

  • Where are National Grid offices?

    National Grid has offices in London, Staffordshire, Worcester, Wokingham and in 42 other locations.

  • How many offices does National Grid have?

    National Grid has 46 offices.