Gridreserve Ltd
10647696
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 20/02/2026
Due 06/03/2027
Industry
Officers
director · Since 04/02/2020
DIRECTOR
BRITISH · UNITED KINGDOM · Age 53
Also on 35 other boards
director · Since 21/04/2021
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 65 other boards
Persons with Significant Control
Grid Holdco 1 Limited
18 Floor The Scalpel, 52 Lime Street, Lime Street, London, EC3M 7AF
Reg: 16461016 · Companies House · Private Limited Company
Notified 22/08/2025
Former PSCs
Mr Steve Ruggi
Ceased 04/02/2020
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Ceased 21/04/2021
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Ceased 21/04/2021
Gresham House Energy Storage Holdings Ltd
Ceased 22/08/2025
Charges0 outstanding
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CompanyRankvs 9030+ SIC 35110 peers54
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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. Our responsibilities and the responsibilities of the directors with respect to going concern are d
Key FinancialsYear ending 31/12/2023
Turnover
£2.1M
Annual revenue
Net Worth
£2.5M
Balance sheet strength
Cash
£360k
Cash in the bank
Profit Before Tax
-£344k
Bottom line earnings
Net Current Assets
-£8.1M
Working capital
Current Assets
£1.0M
Current Liabilities
£9.1M
Fixed Assets
£10.8M
Debtors
£680k
Cost of Sales
£442k
Gross Profit
£1.6M
Admin Expenses
£1.3M
Operating Profit
£374k
Profit After Tax
-£128k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.11 |
| 2019 | 0.56 |
| 2018 | 0.02 |
Derived from filed accounts. Not audited figures.