GRANITE FINANCE LTD
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Cash
£1.8m
+121.4% vs 2024
Net assets
£21m
-38.6% lowest in 3 filed years
Employees
46
-9.8% lowest in 3 filed years
Profit before tax
£16m
-18.3% lowest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £40,511,972 | £53,050,850 | £51,068,341 | -3.7% | |
| Operating profit | £16,002,580 | £19,358,343 | £15,748,558 | -18.6% | |
| Profit before tax | £15,847,535 | £19,249,053 | £15,721,992 | -18.3% | |
| Net profit | £14,333,424 | £16,829,292 | £12,018,727 | -28.6% | |
| Cash | £2,568,696 | £827,434 | £1,832,232 | +121.4% | |
| Total assets less current liabilities | £48,163,188 | £33,732,480 | — | — | |
| Net assets | £48,163,188 | £33,732,480 | £20,701,207 | -38.6% | |
| Equity | £48,163,188 | £33,732,480 | £20,701,207 | -38.6% | |
| Average employees | 61 | 51 | 46 | -9.8% | |
| Wages | £1,086,699 | £1,180,725 | £1,073,523 | -9.1% | |
| Directors' remuneration | £651,969 | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 39.5% | 36.5% | 30.8% | |
| Net margin | 35.4% | 31.7% | 23.5% | |
| Return on capital employed | 33.2% | 57.4% | — | |
| Gearing (liabilities / total assets) | 82.5% | 88.4% | 93.6% | |
| Current ratio | 1.21x | 1.13x | 1.07x | |
| Interest cover | 98.13x | — | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Grant Thornton (NI) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.”
Group structure
- GRANITE FINANCE LTD · parent
- Acorn Group Services Limited
- Granite Holdings One Limited
- Pine Hill Holdings Limited
- The Acorn Group Limited
Significant events
- “In November 2025, the Acorn group underwent a restructure as part of the refinancing of its senior debt facility.”
- “As part of the restructure, the company's parent company Granite Holdings One Limited, became a direct subsidiary of fellow Acorn group subsidiary, Pine Hill Holdings Limited, a holding company based in Gibraltar.”
- “On 24 July 2025, the company's parent Granite Underwriting Limited changed its name to Acorn Group Services Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCLACHLAN, Nicola Kate | Secretary | 2008-03-01 | — | British |
| LLOYD, Michael Samuel | Director | 2022-09-03 | Feb 1978 | British |
| MCLACHLAN, Nicola | Director | 2008-03-01 | Dec 1971 | British |
| TYRRELL, Kyle Gavin John Patrick | Director | 2024-03-08 | Apr 1988 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHALFEN SECRETARIES LIMITED | Corporate Secretary | 2008-03-01 | 2008-03-01 |
| KEATING, Alan Peter | Director | 2008-03-01 | 2022-07-30 |
| SKONE, Garry Julius | Director | 2008-03-01 | 2012-03-14 |
| CHALFEN NOMINEES LIMITED | Corporate Director | 2008-03-01 | 2008-03-01 |
| HOLLARD RISK PARTNERS D2 LIMITED | Corporate Director | 2008-04-30 | 2010-02-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Granite Underwriting Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 77 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-08-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-08-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-08-05 | AA | accounts | Accounts with accounts type full | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | AA | accounts | Accounts with accounts type full | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-21 | AA | accounts | Accounts with accounts type full | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-13 | AA | accounts | Accounts with accounts type full | |
| 2022-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-08-09 | AA | accounts | Accounts with accounts type full | |
| 2021-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.