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Cash

£367K

-29.2% vs 2024

Net assets

-£5.4M

-63.7% lowest in 4 filed years

Employees

Average over period

Profit before tax

-£2.1M

-1.3% lowest in 4 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2022-12-312023-12-312024-12-312025-12-31 Δ vs prior
Turnover £821,816£2,121,143£877,346£1,817,364 +107.1%
Operating profit £544,434£202,480-£590,064-£401,173 +32%
Profit before tax -£89,398-£1,086,325-£2,059,781-£2,086,952 -1.3%
Net profit £932,762-£1,575,858-£2,413,882-£2,086,952 +13.5%
Cash £273,292£506,457£517,713£366,654 -29.2%
Total assets less current liabilities £711,311-£864,547-£3,278,429-£5,365,381 -63.7%
Net assets £711,311-£864,547-£3,278,429-£5,365,381 -63.7%
Equity £711,311-£864,547-£3,278,429-£5,365,381 -63.7%
Average employees 543
Wages
Directors' remuneration

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 2022-12-312023-12-312024-12-312025-12-31
Operating margin 66.2%9.5%-67.3%-22.1%
Net margin 113.5%-74.3%-114.8%
Return on capital employed 76.5%
Current ratio 0.09x0.07x0.05x
Interest cover 0.86x0.16x-0.40x-0.24x

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.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Blick Rothenberg Audit LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The company has net liabilities of £5.4m, net current liabilities of £21.1m. Forecasts show ability to operate for at least 12 months from approval date. Directors understand loan will not be called unless company can repay. Therefore, directors consider it appropriate to prepare financial statements on a going concern basis.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

3 active · 4 resigned

Name Role Appointed Born Nationality
BECK, Stephen James Director 2021-04-20 Dec 1973 British
GUEST, Benjamin James Ernest Director 2021-04-20 Mar 1973 British
VON SCHMIEDER, Charles Siddhartha Director 2022-06-10 Oct 1972 Irish
Show 4 resigned officers
Name Role Appointed Resigned
AYDINOGLU, Bozkurt Director 2021-04-20 2023-06-30
MIRCHANDANI, Vickram Bhagwan Director 2019-08-07 2021-04-20
MUKHERJI, Shuves Director 2019-08-07 2021-04-20
OWEN, Gareth Edward Director 2021-04-20 2024-03-15

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Grid Holdco 1 Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors (as firm) 2025-08-22 Active
Gresham House Energy Storage Holdings Ltd Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2021-04-20 Ceased 2025-08-22
New World Trust Corporation Corporate entity Shares 75–100% (as trust) 2020-01-01 Ceased 2021-04-20
Vickram Bhagwan Mirchandani Individual Significant influence 2019-08-07 Ceased 2020-01-01

Filing timeline

Last 20 of 48 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2022-11-10 MA Memorandum articles
Date Type Category Description
2026-06-22 AA accounts Accounts with accounts type full
2025-11-17 CS01 confirmation-statement Confirmation statement with updates PDF
2025-09-05 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2025-09-05 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2025-07-11 AA accounts Accounts with accounts type full
2025-06-18 PSC05 persons-with-significant-control Change to a person with significant control PDF
2025-06-13 PSC05 persons-with-significant-control Change to a person with significant control PDF
2024-11-12 CS01 confirmation-statement Confirmation statement with updates PDF
2024-09-30 AA accounts Accounts with accounts type full PDF
2024-05-02 MR04 mortgage Mortgage satisfy charge full
2024-05-02 MR04 mortgage Mortgage satisfy charge full
2024-03-28 TM01 officers Termination director company with name termination date PDF
2023-11-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-09-22 AA accounts Accounts with accounts type full
2023-07-10 TM01 officers Termination director company with name termination date PDF
2022-12-19 MR04 mortgage Mortgage satisfy charge full
2022-12-19 MR04 mortgage Mortgage satisfy charge full
2022-12-19 MR04 mortgage Mortgage satisfy charge full
2022-11-16 CS01 confirmation-statement Confirmation statement with updates PDF
2022-11-10 MA incorporation Memorandum articles

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
5

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page