GRADWELL COMMUNICATIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-10-31
Confirmation statement due
2027-02-14 (in 9mo)
Last made up 2026-01-31
Watchouts
Cash
£1M
-26.7% vs 2023
Net assets
£2M
+16.3% highest in 5 filed years
Employees
78
+14.7% highest in 5 filed years
Profit before tax
£828K
+55.5% highest in 5 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.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 2024-10-31
| Metric | Trend | 2020-10-31 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|
| Turnover | £7,462,146 | £6,970,611 | — | £7,207,034 | £10,724,308 | £12,483,046 | |
| Operating profit | £16,342 | £32,786 | — | -£35,064 | £535,664 | £828,368 | |
| Profit before tax | £5,380 | £40,586 | — | -£35,064 | £532,448 | £828,034 | |
| Net profit | £125,653 | £146,055 | — | £85,149 | £569,688 | £285,741 | |
| Cash | £981,903 | £453,666 | — | £389,737 | £1,429,047 | £1,047,085 | |
| Total assets less current liabilities | £1,819,487 | £1,430,396 | — | £1,185,382 | £1,755,070 | £2,300,581 | |
| Net assets | £954,178 | £1,100,233 | — | £1,185,382 | £1,755,070 | £2,040,811 | |
| Equity | £954,178 | £1,100,233 | £1,100,233 | £1,185,382 | £1,755,070 | £2,040,811 | |
| Average employees | 70 | 72 | — | 72 | 68 | 78 | |
| Wages | £2,371,300 | £2,257,317 | — | £2,259,116 | £2,970,890 | £3,177,665 | |
| Directors' remuneration | — | — | — | — | £271,020 | £280,759 |
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 2024-10-31 vs 2023-10-31
-
Turnover
+16.4%
£10,724,308 £12,483,046
highest in 5 filed years
-
Cash
-26.7%
£1,429,047 £1,047,085
-
Net assets
+16.3%
£1,755,070 £2,040,811
highest in 5 filed years
-
Employees
+14.7%
68 78
highest in 5 filed years
-
Operating profit
+54.6%
£535,664 £828,368
highest in 5 filed years
-
Profit before tax
+55.5%
£532,448 £828,034
highest in 5 filed years
-
Wages
+7%
£2,970,890 £3,177,665
highest in 5 filed years
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 | 2020-10-31 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.2% | 0.5% | — | -0.5% | 5.0% | 6.6% | |
| Net margin | 1.7% | 2.1% | — | 1.2% | 5.3% | 2.3% | |
| Return on capital employed | 0.9% | 2.3% | — | -3.0% | 30.5% | 36.0% | |
| Current ratio | — | — | — | — | 1.01x | 1.12x | |
| Interest cover | 1.15x | 4.20x | — | — | 166.56x | 2480.14x |
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 1 time since incorporation
- GRADWELL COMMUNICATIONS LIMITED 2012-10-23 → present
- GRADWELL DOT COM LIMITED 1998-11-24 → 2012-10-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Bishop Fleming Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and is further enhanced by the support of the change in ownership to Onecom Limited on 15th July 2025. As such the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Whilst the risks cannot be completely mitigated and therefore some level of future uncertainty remains, the directors have reviewed detailed forecasts and consider the Company and wider group is able to continue meeting its liabilities as they fall due in the foreseeable future which is considered to be a period of 12 months from the date of approving the financial statements.”
Significant events
- “Post year end, the trade and assets of Grapevine Connect Ltd, another company within the Group, were hived into the Company.”
- “Subsequently, on 15 July 2025, 100% of the Company's issued share capital was acquired by Onecom Limited for an initial consideration of £17,872,527, and a further contingent consideration of £748,985”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRAGGS, Christian James Foxton | Director | 2025-07-15 | Nov 1975 | British |
| GREENSMITH, Paul John | Director | 2025-07-15 | Dec 1967 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRADWELL, David John Louis | Secretary | 2017-06-30 | 2020-04-21 |
| GRADWELL, David John Louis | Secretary | 1998-12-02 | 2010-06-21 |
| HENSFORD, Gary Denis | Secretary | 1998-11-24 | 1998-11-30 |
| MAHONEY, Paul | Secretary | 2020-04-21 | 2025-07-15 |
| ARNOLD, John | Director | 1998-11-24 | 1998-11-30 |
| CAW, Nicholas James Baxter | Director | 2017-06-30 | 2019-02-18 |
| CEASER, Paul | Director | 2020-04-21 | 2020-09-25 |
| CURRY, Simon John | Director | 2019-03-05 | 2022-10-18 |
| GRADWELL, David John Louis | Director | 1998-12-02 | 2012-03-08 |
| GRADWELL, Peter John | Director | 1998-12-02 | 2020-03-26 |
| MAHONEY, Paul | Director | 2020-04-21 | 2025-07-15 |
| MEWETT, Simon Charles | Director | 2017-02-01 | 2017-06-30 |
| MILLETT, Barrie Ernest | Director | 2009-07-20 | 2018-03-31 |
| PETERS, Andrew Robert | Director | 2017-06-30 | 2018-07-11 |
| SMITH, Christopher David William | Director | 2012-08-01 | 2013-09-12 |
| ST.JOHN-DENNIS, Julien Alexander | Director | 2015-11-01 | 2017-06-30 |
| THOMPSON, Nicholas Philip | Director | 2014-04-08 | 2017-02-15 |
| WARD, Jamie | Director | 2019-02-27 | 2025-07-15 |
| WILLIAMS, Huw Llewelyn Francis | Director | 2013-09-19 | 2018-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Onecom Limited | Corporate entity | Shares 75–100% | 2025-07-15 | Active |
| Gradwell (Holdings) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2025-07-15 |
Filing timeline
Last 20 of 154 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-25 RESOLUTIONS Resolution
- 2025-07-25 MA Memorandum articles
- 2025-07-25 RESOLUTIONS Resolution
- 2025-07-23 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-01 | AA01 | accounts | Change account reference date company current extended | |
| 2025-11-19 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-25 | MA | incorporation | Memorandum articles | |
| 2025-07-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-25 | SH08 | capital | Capital name of class of shares | |
| 2025-07-23 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-07-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-22 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 1
- Officers appointed
- 2
- 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.