GRIP-UK LTD
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Cash
£2.8M
+179.3% vs 2024
Net assets
£9.2M
+339.2% highest in 6 filed years
Employees
217
+2.4% highest in 6 filed years
Profit before tax
-£2.7M
-86.4% lowest in 6 filed years
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
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £1,986,968 | £2,328,281 | £5,719,936 | £7,852,518 | £9,968,255 | £10,393,684 | +4.3% | |
| Operating profit | -£1,034,141 | -£1,491,917 | -£1,723,032 | -£1,702,376 | -£1,267,761 | -£2,698,085 | -112.8% | |
| Profit before tax | -£1,043,417 | -£1,515,034 | -£1,740,653 | -£1,714,788 | -£1,445,589 | -£2,694,022 | -86.4% | |
| Net profit | -£858,693 | -£1,490,501 | -£1,679,328 | -£1,646,842 | -£1,436,831 | -£2,694,026 | -87.5% | |
| Cash | £3,323,344 | £5,433,654 | £2,940,212 | £2,418,828 | £1,018,579 | £2,844,499 | +179.3% | |
| Total assets less current liabilities | £4,907,638 | £7,246,500 | £5,480,686 | £5,057,354 | £3,619,436 | £9,349,231 | +158.3% | |
| Net assets | £4,240,829 | £6,751,006 | £5,128,177 | £3,537,836 | £2,101,005 | £9,227,028 | +339.2% | |
| Equity | £4,240,829 | £6,751,006 | £5,128,177 | £3,537,836 | £2,101,005 | £9,227,028 | +339.2% | |
| Average employees | 79 | 107 | 174 | 203 | 212 | 217 | +2.4% | |
| Wages | £1,617,507 | £1,907,647 | £3,484,751 | £4,300,656 | £4,908,448 | £5,413,198 | +10.3% | |
| Directors' remuneration | £181,349 | £190,316 | £233,164 | £231,258 | £245,930 | £667,004 | +171.2% |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | -52.0% | -64.1% | -30.1% | -21.7% | -12.7% | -26.0% | |
| Net margin | -43.2% | -64.0% | -29.4% | -21.0% | -14.4% | -25.9% | |
| Return on capital employed | -21.1% | -20.6% | -31.4% | -33.7% | -35.0% | -28.9% | |
| Current ratio | — | — | — | 1.84x | 0.93x | 1.66x | |
| Interest cover | -70.82x | -63.81x | -90.47x | -59.47x | -6.39x | -84.56x |
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
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the directors consider that the Company maintains an appropriate level of liquidity sufficient to meet the demands of the business. In addition, the Company's assets are assessed for recoverability on a regular basis. The directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis. 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 going concern basis remains appropriate.”
Significant events
- “2025 was a year of significant transition for The Climbing Hangar. We successfully opened two new sites during the year, reinforcing our commitment to expanding our presence in the UK climbing market. The successful completion of a major fundraising round with Verlinvest early in FY25 has strengthened our capital position and provided resources to support our strategic objectives.”
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 124 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 | |
|---|---|---|---|---|
| 2026-06-05 | AA | accounts | Accounts with accounts type full | |
| 2026-05-21 | ANNOTATION | miscellaneous | Legacy | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- 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.