GRIND & CO LTD.
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Cash
£198K
-67.3% lowest in 4 filed years
Net assets
-£1.2M
-286.6% lowest in 4 filed years
Employees
240
-0.4% vs 2024
Profit before tax
-£1.9M
-18.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As at the balance sheet date, the company had net liabilities of £1,232,132 (2024 net assets of £660,364) having also been in a net liability position in previous years. The Company made a loss in the year of £1,892,496 (2024: £1,597,843), having also recorded losses in previous years. The Company continues to be reliant on support of its parent company in line with Group strategy.
Net assets
4-year trend · vs Consumer Staples median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-04-30
| Metric | Trend | 2021-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £2,098,147 | — | £11,706,119 | £12,755,833 | +9% | |
| Operating profit | -£2,113,902 | — | -£1,294,271 | -£1,726,399 | -33.4% | |
| Profit before tax | -£2,263,546 | -£1,394,179 | -£1,597,843 | -£1,892,496 | -18.4% | |
| Net profit | -£1,916,218 | -£1,394,179 | -£1,597,843 | -£1,892,496 | -18.4% | |
| Cash | £1,121,346 | £597,313 | £604,418 | £197,823 | -67.3% | |
| Total assets less current liabilities | £6,291,125 | £1,671,313 | £1,601,434 | -£870,465 | -154.4% | |
| Net assets | £2,406,350 | -£847,827 | £660,364 | -£1,232,132 | -286.6% | |
| Equity | £2,406,350 | -£847,827 | £660,364 | -£1,232,132 | -286.6% | |
| Average employees | 195 | 210 | 241 | 240 | -0.4% | |
| Wages | £3,058,856 | £3,985,460 | £4,608,761 | £4,930,619 | +7% | |
| Directors' remuneration | £71,408 | — | £0 | £0 | — |
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 | 2021-04-30 | 2023-04-30 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|---|---|
| Operating margin | -100.8% | — | -11.1% | -13.5% | |
| Net margin | -91.3% | — | -13.6% | -14.8% | |
| Return on capital employed | -33.6% | — | -80.8% | — | |
| Gearing (liabilities / total assets) | — | — | 88.0% | 120.2% | |
| Current ratio | — | — | 0.74x | 0.51x | |
| Interest cover | -14.04x | — | -4.26x | -10.36x |
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
- GRIND & CO LTD. 2014-01-31 → present
- WILLOUGHBY (610) LIMITED 2013-11-28 → 2014-01-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As at the balance sheet date, the company had net liabilities of £1,232,132 (2024 net assets of £660,364) having also been in a net liability position in previous years. The Company made a loss in the year of £1,892,496 (2024: £1,597,843), having also recorded losses in previous years. The Company continues to be reliant on support of its parent company in line with Group strategy.”
Group structure
- GRIND & CO LTD. · parent
- Exmouth Market Grind Limited 100%
- Caffeine Machine Limited 100%
- Grind (Broadgate) Limited 100%
- Grind London Bridge Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABRAHAMOVITCH, David William | Director | 2013-11-28 | Jul 1985 | British |
| AYTON, John Antony Cleeve | Director | 2014-02-05 | Nov 1961 | British |
| SHERFIELD, Daniel | Director | 2020-10-21 | Aug 1985 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KARYOTAKIS, Christopher James | Director | 2014-02-05 | 2020-10-21 |
| OGILVY, Diarmid James Ducas | Director | 2014-02-05 | 2021-08-24 |
| ROCHE-GARLAND, Sophie Alexandra | Director | 2015-03-01 | 2018-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Grind Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-09-01 | Active |
Filing timeline
Last 20 of 90 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-11-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-30 | AA | accounts | Accounts with accounts type full | |
| 2026-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-31 | AA | accounts | Accounts with accounts type full | |
| 2024-12-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-31 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-22 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-19 | AA | accounts | Accounts with accounts type full | |
| 2022-01-31 | AA | accounts | Accounts with accounts type full | |
| 2022-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-12-21 | AA | accounts | Accounts with accounts type group | |
| 2020-11-03 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2020-11-03 | SH20 | capital | Legacy | |
| 2020-11-03 | CAP-SS | insolvency | Legacy | |
| 2020-11-03 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.