GRAIN CONNECT LIMITED
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Cash
£10m
-16.9% vs 2025
Net assets
-£5.9m
-221.6% lowest in 3 filed years
Employees
203
+6.3% vs 2025
Profit before tax
-£33m
-31.4% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Telecommunications median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £4,502,402 | £9,000,000 | £13,308,000 | +47.9% | |
| Operating profit | -£15,038,980 | -£11,489,000 | -£9,551,000 | +16.9% | |
| Profit before tax | -£23,943,955 | -£24,886,000 | -£32,701,000 | -31.4% | |
| Net profit | -£19,312,368 | -£17,395,000 | -£24,764,000 | -42.4% | |
| Cash | £3,419,516 | £12,292,000 | £10,210,000 | -16.9% | |
| Total assets less current liabilities | £44,477,980 | £47,602,000 | £65,629,000 | +37.9% | |
| Net assets | £3,199,354 | £4,818,000 | -£5,857,000 | -221.6% | |
| Equity | £3,199,354 | £4,818,000 | -£5,857,000 | -221.6% | |
| Average employees | 228 | 191 | 203 | +6.3% | |
| Wages | £5,472,433 | £4,316,000 | £4,769,000 | +10.5% | |
| Directors' remuneration | £672,000 | £691,000 | £745,000 | +7.8% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | — | -127.7% | -71.8% | |
| Net margin | — | -193.3% | -186.1% | |
| Return on capital employed | -33.8% | -24.1% | -14.6% | |
| Gearing (liabilities / total assets) | 97.7% | 97.0% | — | |
| Current ratio | 0.27x | 0.36x | 0.41x | |
| Interest cover | -1.68x | -0.85x | -0.41x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- GRAIN CONNECT LIMITED 2017-01-12 → present
- FIBRE UN LIMITED 2016-07-19 → 2017-01-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Armstrong Watson Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the 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 Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- GRAIN CONNECT LIMITED · parent
- Grain Communications Limited 100%
- Grain Online Management Limited 100%
Significant events
- “No post balance sheet events to report.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARZEGAR, Roland | Director | 2021-07-30 | Jan 1982 | British |
| CAMERON, Richard | Director | 2021-07-30 | May 1972 | British |
| CHIRKOWSKI, Adam Edward | Director | 2019-10-30 | May 1985 | British |
| GUDGIN, David | Director | 2019-10-30 | Apr 1972 | British |
| LLOYD, Peregrine Murray Addison | Director | 2016-07-19 | Mar 1956 | British |
| O'FLAHERTY, Peter Bartholomew | Director | 2021-08-04 | Jul 1973 | Irish |
| VACHELL, Andrew Stephen Annesley | Director | 2023-03-29 | Mar 1974 | British |
| WILLIAMS, Sean Mountford Graham | Director | 2019-01-17 | Jun 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLLINS, Rebecca | Director | 2021-08-04 | 2023-03-29 |
| CROSS, Antony John | Director | 2016-07-19 | 2021-07-30 |
| HODSON, Christopher Mark | Director | 2018-09-30 | 2019-01-17 |
| KITTOE, Nicholas Benedict Montagu | Director | 2016-07-19 | 2019-10-30 |
| MOUNSEY-HEYSHAM, Toby Herchard | Director | 2019-01-17 | 2019-10-30 |
| ROBINSON, Richard Timothy | Director | 2019-01-17 | 2021-07-30 |
| SAUNDERS, Hugh Andrew | Director | 2016-07-19 | 2018-09-30 |
| WRIGHT, Nicholas Paul | Director | 2016-07-19 | 2019-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Grain Connect Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-03-07 | Active |
| Grain Connect Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-03-03 | Ceased 2022-03-07 |
| Albion Real Assets Gp Llp | Corporate entity | Shares 25–50%, Voting 25–50% | 2019-10-30 | Ceased 2022-03-03 |
| Pinnacle Group Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-07-19 | Ceased 2020-12-14 |
| Solway Communications Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-07-19 | Ceased 2020-12-14 |
Filing timeline
Last 20 of 105 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-18 RESOLUTIONS Resolution
- 2024-09-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-17 | AA | accounts | Accounts with accounts type group | |
| 2026-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-10 | AA | accounts | Accounts with accounts type group | |
| 2025-08-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-15 | SH01 | capital | Capital allotment shares | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-18 | AA | accounts | Accounts with accounts type group | |
| 2024-10-01 | SH01 | capital | Capital allotment shares | |
| 2024-09-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-22 | AA | accounts | Accounts with accounts type full | |
| 2023-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-19 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 2
- 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.