GRADWELL COMMUNICATIONS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Latest accounts filed cover 2024-10-31; financial figures currently reflect up to 2023-10-31.

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and is further enhanced by the support of the change in ownership to Onecom Limited on 15th July 2025. As such the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Whilst the risks cannot be completely mitigated and therefore some level of future uncertainty remains, the directors have reviewed detailed forecasts and consider the Company and wider group is able to continue meeting its liabilities as they fall due in the foreseeable future which is considered to be a period of 12 months from the date of approving the financial statements.”

Significant events

• “Post year end, the trade and assets of Grapevine Connect Ltd, another company within the Group, were hived into the Company.”
• “Subsequently, on 15 July 2025, 100% of the Company's issued share capital was acquired by Onecom Limited for an initial consideration of £17,872,527, and a further contingent consideration of £748,985”

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

Filings

20

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +48.8%

  £7,207,034 → £10,724,308

  highest in 4 filed years

• Cash

  +266.7%

  £389,737 → £1,429,047

  highest in 4 filed years

• Net assets

  +48.1%

  £1,185,382 → £1,755,070

  highest in 4 filed years

• Employees

  -5.6%

  72 → 68

  lowest in 4 filed years

• Operating profit

  +1,627.7%

  -£35,064 → £535,664

  highest in 4 filed years

• Profit before tax

  +1,618.5%

  -£35,064 → £532,448

  highest in 4 filed years

• Wages

  +31.5%

  £2,259,116 → £2,970,890

  highest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers