GRANT & STONE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-20 (in 5mo)
Last made up 2025-10-06
Watchouts
Cash
£11M
+64.8% highest in 4 filed years
Net assets
£9M
-69.2% lowest in 4 filed years
Employees
680
-0.4% vs 2023
Profit before tax
-£22M
-484.7% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £59,297,183 | £109,709,211 | £209,400,000 | £202,592,000 | |
| Operating profit | — | — | £5,021,529 | £7,485,552 | -£3,709,000 | -£22,462,000 | |
| Profit before tax | — | — | £4,091,782 | £5,972,349 | -£3,835,000 | -£22,423,000 | |
| Net profit | — | — | £3,574,971 | £5,694,843 | -£3,261,000 | -£21,158,000 | |
| Cash | — | — | £6,913,562 | £3,064,044 | £6,545,000 | £10,789,000 | |
| Total assets less current liabilities | — | — | — | — | £33,734,000 | £10,806,000 | |
| Net assets | — | — | £21,725,164 | £27,420,007 | £30,578,000 | £9,420,000 | |
| Equity | £18,343,005 | £18,150,193 | £21,725,164 | £27,420,007 | £30,578,000 | £9,420,000 | |
| Average employees | — | — | 328 | 391 | 683 | 680 | |
| Wages | — | — | £8,959,941 | £16,212,679 | £28,863,000 | £27,957,000 | |
| Directors' remuneration | — | — | £1,185,198 | £2,176,803 | £1,316,000 | £1,640,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-3.3%
£209,400,000 £202,592,000
-
Cash
+64.8%
£6,545,000 £10,789,000
highest in 4 filed years
-
Net assets
-69.2%
£30,578,000 £9,420,000
lowest in 4 filed years
-
Employees
-0.4%
683 680
-
Operating profit
-505.6%
-£3,709,000 -£22,462,000
lowest in 4 filed years
-
Profit before tax
-484.7%
-£3,835,000 -£22,423,000
lowest in 4 filed years
-
Wages
-3.1%
£28,863,000 £27,957,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 8.5% | 6.8% | -1.8% | -11.1% | |
| Net margin | — | — | 6.0% | 5.2% | -1.6% | -10.4% | |
| Return on capital employed | — | — | — | — | -11.0% | -207.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | 83.9% | 94.0% | |
| Current ratio | — | — | — | — | 0.50x | 0.51x | |
| Interest cover | — | — | 75.21x | 214.18x | -25.23x | -78.81x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- GRANT & STONE LIMITED 1989-03-14 → present
- R.S. PLUMBING SUPPLIES LIMITED 1986-04-18 → 1989-03-14
- INCRAMASTER LIMITED 1986-02-10 → 1986-04-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this review, and the continued support from our stakeholders, the directors are satisfied that the Group and therefore, by virtue of the letter of support received from Turbo Acquisitions 10 Bidco Limited, the Company has adequate resources, liquidity and banking covenant headroom to continue in operational existence for the foreseeable future and that there are no material uncertainties that may cast significant doubt on the Group's and Company's ability to continue as a going concern.”
Group structure
- GRANT & STONE LIMITED · parent
- Buildit Gloster Limited 100%
- Rawle Gammon & Baker Holdings Limited 100%
- Total Plumbing Supplies Limited 100%
- Devondale Holdings Limited 100%
- D.W. Burns & Partner Limited 100%
- Vinall Holdings Limited 100%
- Perrys Builders Merchants Limited 100%
- Devondale Electrical Distributors Limited 100%
- CRS Building Supplies Limited 100%
- Wantage Builders Merchants Limited 100%
- Cornish Fixings (Redruth) Limited 100%
- Dougfield Plumbers Supplies Limited 100%
- Merkko Group Limited 100%
- Merkko Builders Merchants (Oxford) Limited 100%
- Merkko Builders Merchants (Reading) Limited 100%
- Merkko LED Lighting Limited 100%
- Buildit Malmesbury Limited 100%
- R.G.B. Employees Beneficial Trust Limited 100%
- Sussex Plumbing Supplies Limited 100%
Significant events
- “The Group launched thirteen inter-conditional Restructuring Plans (the "Plans") under Part 26A of the Companies Act 2006 on 9 May 2025.”
- “As part of the restructuring (but not delivered by the Plans) there was an orderly, consensual change of control between the shareholders and Ares Management LLC ("Ares") and Farallon Capital Management LLC ("Farallon"), the Group's "Senior Lenders".”
- “The Restructuring Plans were sanctioned by the court following a sanction hearing held on 9 July 2025.”
- “On 15 July 2025 the lending facilities with Ares Management and Farallon Capital were amended and extended to 15 July 2030 with an additional £20m of funding available in total from both parties. On 15 July 2025 the lending with Santander were amended and extended to 15 January 2031.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROBINSON, Richard Philip | Secretary | 2021-05-01 | — | — |
| BLAND, Matthew | Director | 2014-04-01 | Jan 1976 | British |
| FENLON, Kevin Peter | Director | 2021-05-05 | Jul 1965 | British |
| HOUSE, Darren Paul | Director | 2020-01-31 | Dec 1978 | British |
| ROBINSON, Richard Philip | Director | 2019-11-14 | Jul 1967 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AKERS, Graham Philip | Secretary | 1996-04-19 | 2021-05-01 |
| GRANT, Susan Margaret | Secretary | — | 1996-04-19 |
| AKERS, Graham Philip | Director | 1996-04-19 | 2021-05-01 |
| BAYLISS, Alex | Director | 2020-09-28 | 2021-09-20 |
| CUDD, Peter Allan | Director | 1999-12-09 | 2025-11-21 |
| GOURD, Peter Alan | Director | 2010-02-23 | 2019-11-14 |
| GRANT, Andrew David | Director | 2014-04-01 | 2020-03-02 |
| GRANT, Robert David, Mr. | Director | — | 2019-11-14 |
| GRANT, Susan Margaret | Director | — | 2019-11-14 |
| HOUSE, Nicolas Arthur | Director | — | 2024-02-28 |
| MILLER, Matthew | Director | 2014-11-10 | 2026-02-13 |
| STABLES, Martin Wayne | Director | 2022-07-01 | 2025-12-08 |
| STEEL, Andrew David | Director | 2019-11-14 | 2021-08-12 |
| STONE, Richard Joseph | Director | — | 2019-11-14 |
| STONE, Susan | Director | — | 2019-11-14 |
| WHITEFORD, Stuart | Director | 2019-11-14 | 2020-06-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Turbo Acquisitions 10 Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-11-14 | Active |
| Mr Robert David Grant | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Mrs Susan Margaret Grant | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Mr Richard Joseph Stone | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Mrs Susan Stone | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 212 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-26 | AA | accounts | Accounts with accounts type full | |
| 2026-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AD03 | address | Move registers to sail company with new address | |
| 2025-10-03 | AD02 | address | Change sail address company with new address | |
| 2025-07-17 | OC-R | liquidation | Legacy | |
| 2025-07-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-05 | AA | accounts | Accounts with accounts type full | |
| 2023-12-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.