UK GRID SOLUTIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-31 (in 3mo)
Last made up 2025-08-17
Watchouts
None on the register
Cash
£556K
-71.7% vs 2023
Net assets
£97M
+50.3% vs 2023
Employees
1,165
+15.9% vs 2023
Profit before tax
£35M
+2,498.1% vs 2023
Name history
Renamed 2 times since incorporation
- UK GRID SOLUTIONS LIMITED 2016-05-10 → present
- ALSTOM GRID UK LIMITED 2011-01-06 → 2016-05-10
- AREVA T&D UK LTD 2003-11-06 → 2011-01-06
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £501,461,000 | £489,278,000 | |
| Operating profit | -£7,388,000 | £26,030,000 | |
| Profit before tax | -£1,479,000 | £35,468,000 | |
| Net profit | -£3,391,000 | £32,318,000 | |
| Cash | £1,966,000 | £556,000 | |
| Total assets less current liabilities | £297,244,000 | £576,307,000 | |
| Net assets | £64,274,000 | £96,589,000 | |
| Equity | £64,274,000 | £96,589,000 | |
| Average employees | 1,005 | 1,165 | |
| Wages | £64,002,000 | £76,364,000 |
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 | -1.5% | 5.3% | |
| Net margin | -0.7% | 6.6% | |
| Return on capital employed | -2.5% | 4.5% | |
| Current ratio | 1.72x | 3.08x | |
| Interest cover | -4.95x | 19.11x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, 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.”
Group structure
- UK GRID SOLUTIONS LIMITED · parent
- GE Energy Limited 100%
- GE Energy Power Conversion UK Holdings Limited 100%
- GE Energy Power Conversion Technology Limited 100%
- Sabella S.A. 15%
Significant events
- “As a consequence of the spin-off by GE of its GE Vernova operations on 2 April 2024, UK Grid Solutions Limited is part of GE Vernova.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2019-06-24 | — | — |
| BEARDSMORE, Neil George | Director | 2014-11-25 | Jan 1965 | British |
| COLLINS, Clár | Director | 2025-01-16 | Jul 1978 | Irish |
| RICHARDS, Simon Harvey | Director | 2017-09-05 | May 1971 | British |
| TAYLOR, Mark Richard | Director | 2020-05-07 | Apr 1967 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACDONALD, Iain Graham Ross | Secretary | 2003-12-24 | 2016-05-03 |
| PEERMOHAMED, Zahra | Secretary | 2016-05-03 | 2018-07-19 |
| JORDAN COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-11-06 | 2003-12-24 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2003-11-06 | 2003-11-06 |
| ADAMS, Craig Lyndsay | Director | 2013-11-11 | 2015-10-12 |
| AMARE, Tewodros | Director | 2016-08-10 | 2017-10-25 |
| ARMSTRONG, Dean Mitchell | Director | 2018-01-30 | 2020-08-20 |
| BURGIN, Stephen Rex | Director | 2012-06-28 | 2013-10-22 |
| BURGIN, Stephen Rex | Director | 2004-08-01 | 2007-12-31 |
| CHAREYRON, Laurence Sophie | Director | 2016-08-10 | 2017-07-31 |
| CONCAR, Simon David | Director | 2016-08-10 | 2018-01-26 |
| COOP, Stephen John | Director | 2010-06-07 | 2010-12-31 |
| ELBORNE, Mark Edward Monckton | Director | 2016-01-11 | 2016-08-25 |
| JONES, Nigel Gary | Director | 2016-08-23 | 2023-03-23 |
| MACDONALD, Iain Graham Ross | Director | 2007-12-31 | 2021-03-31 |
| MARRIOTT, Kevin John | Director | 2012-06-28 | 2014-06-17 |
| PASSI, Sanjay Kumar | Director | 2017-11-16 | 2024-05-24 |
| PURCELL, Robert Michael | Director | 2011-06-16 | 2012-11-16 |
| STEADMAN, Mark William | Director | 2011-06-16 | 2016-07-08 |
| WATSON, Terence Stuart | Director | 2013-10-22 | 2015-12-01 |
| WETTON, Mark | Director | 2010-02-26 | 2011-04-08 |
| WILLIAMS, Maurice | Director | 2003-11-06 | 2011-06-16 |
| WOOLHOUSE, David Ian | Director | 2011-06-16 | 2013-04-26 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2003-11-06 | 2003-11-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ge Vernova Energy Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-08-16 | Active |
Filing timeline
Last 20 of 146 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-04-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-12 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-30 | AA | accounts | Accounts with accounts type full | |
| 2022-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-04 | SH01 | capital | Capital allotment shares | |
| 2021-10-07 | AA | accounts | Accounts with accounts type full | |
| 2021-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2021-03-18 | SH01 | capital | Capital allotment shares | |
| 2020-10-15 | AA | accounts | Accounts with accounts type full | |
| 2020-08-21 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
-
Turnover
-2.4%
£501,461,000 £489,278,000
-
Cash
-71.7%
£1,966,000 £556,000
-
Net assets
+50.3%
£64,274,000 £96,589,000
-
Employees
+15.9%
1,005 1,165
-
Operating profit
+452.3%
-£7,388,000 £26,030,000
-
Profit before tax
+2,498.1%
-£1,479,000 £35,468,000
-
Wages
+19.3%
£64,002,000 £76,364,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers