GRIP-UK LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-10-16 (in 5mo)
Last made up 2025-10-02
Watchouts
Cash
£1M
-57.9% lowest in 10 filed years
Net assets
£2M
-40.6% vs 2023
Employees
212
+4.4% highest in 6 filed years
Profit before tax
-£1M
+15.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-09-30
| Metric | Trend | 2019-09-30 | 2019-10-01 | 2020-09-30 | 2020-10-01 | 2021-09-30 | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £1,986,968 | — | £2,328,281 | — | £5,719,936 | — | £7,852,518 | £9,968,255 | |
| Operating profit | — | — | -£1,034,141 | — | -£1,491,917 | — | -£1,723,032 | — | -£1,702,376 | -£1,267,761 | |
| Profit before tax | — | — | -£1,043,417 | — | -£1,515,034 | — | -£1,740,653 | — | -£1,714,788 | -£1,445,589 | |
| Net profit | — | — | -£858,693 | — | -£1,490,501 | — | -£1,679,328 | — | -£1,646,842 | -£1,436,831 | |
| Cash | £1,821,417 | £1,821,417 | £3,323,344 | £3,323,344 | £5,433,654 | £5,433,654 | £2,940,212 | £2,940,212 | £2,418,828 | £1,018,579 | |
| Total assets less current liabilities | £2,335,333 | — | £4,907,638 | — | £7,246,500 | — | £5,480,686 | — | £5,057,354 | £3,619,436 | |
| Net assets | £2,099,530 | — | £4,240,829 | — | £6,751,006 | — | £5,128,177 | — | £3,537,836 | £2,101,005 | |
| Equity | £2,099,530 | £2,099,530 | £4,240,829 | £4,240,829 | £6,751,006 | £6,751,006 | £5,128,177 | £5,128,177 | £3,537,836 | £2,101,005 | |
| Average employees | 64 | — | 79 | — | 107 | — | 174 | — | 203 | 212 | |
| Wages | — | — | £1,617,507 | — | £1,907,647 | — | £3,484,751 | — | £4,300,656 | £4,908,448 | |
| Directors' remuneration | — | — | £181,349 | — | £190,316 | — | £233,164 | — | £231,258 | £245,930 |
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 2024-09-30 vs 2023-09-30
-
Turnover
+26.9%
£7,852,518 £9,968,255
highest in 5 filed years
-
Cash
-57.9%
£2,418,828 £1,018,579
lowest in 10 filed years
-
Net assets
-40.6%
£3,537,836 £2,101,005
-
Employees
+4.4%
203 212
highest in 6 filed years
-
Operating profit
+25.5%
-£1,702,376 -£1,267,761
-
Profit before tax
+15.7%
-£1,714,788 -£1,445,589
-
Wages
+14.1%
£4,300,656 £4,908,448
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 | 2019-09-30 | 2019-10-01 | 2020-09-30 | 2020-10-01 | 2021-09-30 | 2021-10-01 | 2022-09-30 | 2022-10-01 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -52.0% | — | -64.1% | — | -30.1% | — | -21.7% | -12.7% | |
| Net margin | — | — | -43.2% | — | -64.0% | — | -29.4% | — | -21.0% | -14.4% | |
| Return on capital employed | — | — | -21.1% | — | -20.6% | — | -31.4% | — | -33.7% | -35.0% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.84x | 0.93x | |
| Interest cover | — | — | -70.82x | — | -63.81x | — | -90.47x | — | -59.47x | -6.39x |
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
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Thus, the directors have continued to adopt the going concern basis of accounting in preparing these financial statements.”
Significant events
- “In early FY25, we secured significant investment from Verlinvest, a global consumer-focused investment company, to support our growth strategy.”
- “On 9 October 2024, Verlinvest SA (BE) purchased a majority stake in Grip-UK Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLACK, Benjamin David Louis | Director | 2024-10-09 | Jan 1989 | British |
| GAUTIER, Olivia | Director | 2024-10-09 | Jan 1988 | French,British |
| MACDOMHNAILL, Gearoid | Director | 2010-08-01 | Apr 1981 | Northern Irish,British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WADDY, Crispin | Secretary | 2018-08-02 | 2024-10-09 |
| WINWOOD, Darren | Secretary | 2010-05-10 | 2011-08-05 |
| CHALLONER, Stephen | Director | 2015-09-01 | 2024-10-09 |
| CHILKOTI, Ishaan | Director | 2022-06-16 | 2023-01-03 |
| GILBERT, Paul | Director | 2018-08-02 | 2024-10-09 |
| HEYWOOD, Hannah Frances | Director | 2020-02-07 | 2024-10-09 |
| KLEIBERGEN, Martijn Christian | Director | 2023-01-03 | 2024-10-09 |
| KNIGHT, Daniel Arthur | Director | 2017-12-12 | 2019-11-26 |
| LEVETT, Timothy Roland | Director | 2020-02-07 | 2022-05-30 |
| MAY, Liam | Director | 2018-08-02 | 2020-02-07 |
| WADDY, Crispin Peter | Director | 2010-08-01 | 2018-08-02 |
| WINWOOD, Darren | Director | 2010-05-10 | 2011-08-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Verlinvest Sa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-09 | Active |
| Mercia Fund Management Limited | Corporate entity | Significant influence | 2021-07-19 | Ceased 2024-10-09 |
| Mr Gearoid Macdomhnaill | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-08-02 | Ceased 2021-07-19 |
| Mr Gearoid Macdomhnaill | Individual | Significant influence | 2016-04-06 | Ceased 2021-07-19 |
| Mr Stephen Challoner | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-07-19 |
| Mr Crispin Peter Waddy | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2018-08-02 |
Filing timeline
Last 20 of 122 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-18 MA Memorandum articles
- 2026-04-18 RESOLUTIONS Resolution
- 2026-04-02 RESOLUTIONS Resolution
- 2024-10-30 MA Memorandum articles
- 2024-10-30 RESOLUTIONS Resolution
- 2024-10-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-18 | MA | incorporation | Memorandum articles | |
| 2026-04-18 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-02 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-04-02 | SH20 | capital | Legacy | |
| 2026-04-02 | CAP-SS | insolvency | Legacy | |
| 2026-04-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-23 | RP01SH01 | miscellaneous | Legacy | |
| 2025-10-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-03 | AA | accounts | Accounts with accounts type full | |
| 2024-11-02 | SH02 | capital | Capital alter shares consolidation subdivision | |
| 2024-10-30 | MA | incorporation | Memorandum articles | |
| 2024-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-27 | SH08 | capital | Capital name of class of shares | |
| 2024-10-24 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-10-23 | SH01 | capital | Capital allotment shares | |
| 2024-10-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-23 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 6
- 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.