GRAINGRADE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
Cash
£79K
Latest balance sheet
Net assets
£31M
Equity attributable
Employees
—
Average over period
Profit before tax
£5M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company's only bank loan is currently fully repayable on 23 September 2025. The directors have been in discussions with a number of banks to refinance the loan and remain confident that the loan will either be extended or refinanced in advance of the loan repayment date, although no refinancing has been agreed as at the date of signing these financial statements. The refinancing of loans is a regular occurence across the director's portfolio of properties. This indicates the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £2,974,000 | £3,664,000 | |
| Operating profit | -£197,000 | £6,802,000 | |
| Profit before tax | -£2,286,000 | £4,532,000 | |
| Net profit | -£1,615,000 | £3,399,000 | |
| Cash | £239,000 | £79,000 | |
| Total assets less current liabilities | £64,800,000 | £36,289,000 | |
| Net assets | £27,645,000 | £31,044,000 | |
| Equity | £27,645,000 | £31,044,000 | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -6.6% | 185.6% | |
| Net margin | -54.3% | 92.8% | |
| Return on capital employed | -0.3% | 18.7% | |
| Current ratio | 8.42x | 0.34x | |
| Interest cover | -0.09x | 2.99x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company's only bank loan is currently fully repayable on 23 September 2025. The directors have been in discussions with a number of banks to refinance the loan and remain confident that the loan will either be extended or refinanced in advance of the loan repayment date, although no refinancing has been agreed as at the date of signing these financial statements. The refinancing of loans is a regular occurence across the director's portfolio of properties. This indicates the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.”
Significant events
- “The company's only bank loan is currently fully repayable on 23 September 2025. The directors have been in discussions with a number of banks to refinance the loan and remain confident that the loan will either be extended or refinanced in advance of the loan repayment date, although no refinancing has been agreed as at the date of signing these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SHELLEY, Leon | Secretary | 2022-12-12 | — | — |
| FRIEND, Mitchell James | Director | 2024-02-13 | Nov 1985 | British |
| TALJAARD, Desmond Louis Mildmay | Director | 2024-08-28 | Apr 1961 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, Colin | Secretary | 1994-05-23 | 1995-09-19 |
| BUNT, Philip Alan | Secretary | 1994-03-22 | 1994-05-23 |
| LETHABY, Michael Richard | Secretary | 1997-11-07 | 1998-02-27 |
| LIVINGSTONE, Richard John | Secretary | 1995-09-19 | 1997-11-07 |
| LUCK, Richard Nigel | Secretary | 1998-05-20 | 2018-04-12 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-02-18 | 1994-03-22 |
| GLYN, Malcolm Adam | Director | 2021-12-31 | 2024-07-29 |
| KING, Christopher | Director | 2004-10-01 | 2009-08-21 |
| LIVINGSTONE, Ian Malcolm | Director | 1994-03-22 | 2007-04-04 |
| LIVINGSTONE, Richard John | Director | 2009-08-21 | 2024-02-13 |
| LIVINGSTONE, Richard John | Director | 1995-09-19 | 1997-11-07 |
| LUCK, Richard Nigel | Director | 2015-02-11 | 2018-05-30 |
| SEBASTIAN, Leonard Kevin | Director | 2018-05-30 | 2021-12-31 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1994-02-18 | 1994-03-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| London And Regional Group Property Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-21 | Active |
| London & Regional Group Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-12-21 |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-24 | ANNOTATION | miscellaneous | Legacy | |
| 2025-12-10 | ANNOTATION | miscellaneous | Legacy | |
| 2025-12-10 | ANNOTATION | miscellaneous | Legacy | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-07 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-20 | CH01 | officers | Change person director company with change date | |
| 2024-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | CH01 | officers | Change person director company with change date | |
| 2023-01-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-04 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31