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Grep1 Limited

06000706

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

1 LONDON WALL PLACE, LONDON, EC2Y 5AU
Incorporated 16/11/2006

Compliance

Last accounts

31/12/2024

group

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 16/11/2025

Due 30/11/2026

On track

Industry

35110
Production of electricity

Officers

Mr Hugh Alexander Unwin

director · Since 28/05/2020

ASSET MANAGEMENT

BRITISH · UNITED KINGDOM · Age 53

Also on 17 other boards

Mr Apostolos Sarandidis

director · Since 27/02/2024

ASSET MANAGEMENT

GREEK · UNITED KINGDOM · Age 52

Also on 5 other boards

Persons with Significant Control

Cep Biomass Limited

75–100% shares
75–100% votes
Appoint directors

1, London Wall Place, London, EC2Y 5AU

Reg: 07640793 · Companies House · Private Company Limited By Shares

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

DEUTSCHE BANK LUXEMBOURG S.A. AS SECURITY AGENT FOR THE SECURED PARTIES

Created 27/11/2018Registered 29/11/2018
Charge
outstanding

DEUTSCHE BANK LUXEMBOURG S.A. AS SECURITY AGENT FOR EACH OF THE SECURED PARTIES

Created 18/08/2017Registered 23/08/2017
Charge
outstanding

DEUTSCHE BANK LUXEMBOURG S.A. AS SECURITY AGENT FOR EACH OF THE SECURED PARTIES

Created 18/08/2017Registered 23/08/2017
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE FOR THE FINANCE PARTIES

Created 04/04/2012Registered 04/04/2012Satisfied 03/09/2019
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC AS SECURITY TRUSTEE (THE SECURITY TRUSTEE) FOR THE FINANCE PARTI

Created 09/12/2011Registered 12/12/2011Satisfied 03/09/2019

CompanyRankvs 1148+ SIC 35110 peers
40

Financial strength100th percentile among SIC peers · 25/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.48× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

investments require to generate cash surpluses. As a result of this, the Manager does not consider the windfall tax has created any material uncertainty over the assessment of the Group as a going concern. Based on the assessment outlined above, the Directors do not consider that there is a material uncertainty over the assessment of the Group as a going concern. Future outlook The

Key FinancialsYear ending 31/12/2024

Net Worth

£32.8M

Balance sheet strength

Cash

£14.2M

Cash in the bank

Net Current Assets

-£53.0M

Working capital

Current Assets

£49.8M

Current Liabilities

£102.8M

Fixed Assets

£99.5M

Debtors

£35.8M

Cost of Sales

£35.6M

Admin Expenses

£17.7M

Profit After Tax

£7.8M

0avg. employees

Tax at Year End

Corp tax£313k

Balance Sheet

Bank loans & overdrafts£0
Assets less current liabilities£46.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.48+£8.0M
20230.40+£54.5M
20220.29+£616k
20210.15

Derived from filed accounts. Not audited figures.