GRENADE (UK) LIMITED

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at the balance sheet date the company was, and remains at the time of preparing this assessment, in a net current asset position. Projected cashflows are positive and the assessment shows, in both the base case and the severe but plausible scenarios, that the company will remain liquid throughout the going concern period of review. As a result of this assessment, the directors are satisfied that the company will be able to continue to meet its liabilities as they fall due and continue in operational existence for the foreseeable future and for at least 12 months from the date of this report. The company therefore continues to adopt the going concern basis in preparing the Annual Report and Financial Statements.”

Group structure

1. GRENADE (UK) LIMITED · parent
   1. Grenade BV 100% · Netherlands · Manufacture and sale of sports nutrition

Significant events

• “A contingent liability exists in relation to VAT treatment of certain product lines being sold to UK customers. The outcome and financial implications are uncertain, and the subject of an appeal with HM Revenue & Customs ("HMRC"), with timing dependent upon the outcome of similar cases between HMRC and other businesses. Should the result of the appeal be unsuccessful, the best estimate of the liability due would be £7.6 million. However, further appeals could be made depending on the result of the initial appeal process and the directors deem it too early to make a reliable estimate of the possible financial effect of any ultimate ruling.”
• “A further contingent liability exists in relation to a legal dispute with one of the company's manufacturing suppliers. The outcome and financial impact of the dispute is uncertain and subject to further assessment, with discussions in place between management and the supplier on-going. Management believes there is a strong contractual defence against the claim, and therefore consider it to be highly unlikely to crystallise. Given the uncertainty around the timing of the legal process (or negotiation process as applicable) and the quantum of any damages, it is not practicable to make a reliable estimate of the possible financial effect of any claims on the company at this time. The directors also believe the disclosure of any further details relating to claim, including the maximum claim value, would be commercially detrimental. However, as at the date of reporting, they do not believe that the outcome of this matter will have a material effect on the company's financial position.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -13.6%

  £93,209,498 → £80,561,160

• Cash

  -65.3%

  £7,903,764 → £2,746,109

• Net assets

  -0.4%

  £45,001,778 → £44,821,921

• Employees

  +25.9%

  85 → 107

• Operating profit

  -101.9%

  £12,196,895 → -£237,763

• Profit before tax

  -101.9%

  £12,196,895 → -£237,763

• Wages

  +28%

  £3,925,075 → £5,023,127

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