GRAIN CONNECT LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-22 (in 2mo)
Last made up 2025-07-08
Watchouts
None on the register
Cash
£12M
+259.5% vs 2024
Net assets
£5M
+50.6% vs 2024
Employees
191
-16.2% vs 2024
Profit before tax
-£25M
-3.9% vs 2024
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £4,502,402 | £9,000,430 | |
| Operating profit | -£15,038,980 | -£11,488,584 | |
| Profit before tax | -£23,943,955 | -£24,885,775 | |
| Net profit | -£19,312,368 | -£17,394,594 | |
| Cash | £3,419,516 | £12,291,886 | |
| Total assets less current liabilities | £44,477,980 | £47,600,584 | |
| Net assets | £3,199,354 | £4,817,358 | |
| Equity | £3,199,354 | £4,817,358 | |
| Average employees | 228 | 191 | |
| Wages | £5,472,433 | £4,315,631 | |
| Directors' remuneration | £672,000 | £691,000 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+99.9%
£4,502,402 £9,000,430
-
Cash
+259.5%
£3,419,516 £12,291,886
-
Net assets
+50.6%
£3,199,354 £4,817,358
-
Employees
-16.2%
228 191
-
Operating profit
+23.6%
-£15,038,980 -£11,488,584
-
Profit before tax
-3.9%
-£23,943,955 -£24,885,775
-
Wages
-21.1%
£5,472,433 £4,315,631
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -334.0% | -127.6% | |
| Net margin | -428.9% | -193.3% | |
| Return on capital employed | -33.8% | -24.1% | |
| Gearing (liabilities / total assets) | 97.7% | 97.0% | |
| Current ratio | 0.27x | 0.36x | |
| Interest cover | -1.68x | -0.85x |
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
- 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
“the directors have assessed that the position of the company is such that it could comfortably meet expenditure for a period of at least 12 months from the date of signing these accounts, and have accordingly prepared these accounts on a going concern basis.”
Group structure
- GRAIN CONNECT LIMITED · parent
- Grain Communications Limited 100%
- Grain Online Management Limited 100%
Significant events
- “In July 2025 Grain successfully secured £212.5m committed funding from HPS Investment Partners LLC, to accelerate a significantly scale its full fibre network. Alongside this investment, Equitix invested a further £13m of equity in Grain, also in July 2025, the fifth investment from this highly supportive shareholder.”
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 103 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-18 RESOLUTIONS Resolution
- 2024-09-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2023-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.