UK Companies House feature
GRIDRESERVE LTD
Cash
£360K
-46% vs 2022
Net assets
£3M
-4.8% vs 2022
Employees
3
-25% vs 2022
Profit before tax
-£344K
-115.5% vs 2022
Profile
- Company number
- 10647696
- Status
- Active
- Incorporation
- 2017-03-02
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 35110
- Hubs
- UK Energy & Climate
Net assets
3-year trend · vs UK Energy & Climate median
Accounts
3-year trend · latest 2023-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Turnover | — | £4,790,345 | £2,065,433 | |
| Operating profit | — | £3,121,757 | £373,646 | |
| Profit before tax | — | £2,215,216 | -£343,500 | |
| Net profit | — | £1,947,642 | -£127,871 | |
| Cash | £1,453,697 | £667,013 | £360,080 | |
| Total assets less current liabilities | — | £3,085,045 | £2,741,545 | |
| Net assets | — | £2,656,045 | £2,528,174 | |
| Equity | — | £2,656,045 | £2,528,174 | |
| Average employees | — | 4 | 3 | |
| Wages | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Blick Rothenberg Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Forecasts have been prepared that show the company is able to operate for at least 12 months from the date of approval of these financial statements. The directors have also made enquiries with the directors of the immediate parent undertaking, Gresham House Energy Storage Holdings Ltd, with regards to the repayment of the loan the company has with it. As detailed in note 12, the loan is repayable on demand of the lender. The directors understand that this will not be called unless the company has the ability to make the repayment. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BECK, Stephen James | Director | 2021-04-21 | Dec 1973 | British |
| GUEST, Benjamin James Ernest | Director | 2020-02-04 | Mar 1973 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AYDINOGLU, Bozkurt | Director | 2020-02-04 | 2023-06-30 |
| OWEN, Gareth Edward | Director | 2020-02-04 | 2024-03-15 |
| RUGGI, Steve | Director | 2017-03-02 | 2020-02-04 |
| THOMAS, Marc Jason, Dr | Director | 2020-12-24 | 2021-04-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Grid Holdco 1 Limited | Corporate entity | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-trust, ownership-of-shares-75-to-100-percent-as-firm, Voting 75–100%, voting-rights-75-to-100-percent-as-trust, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2025-08-22 | Active |
| Gresham House Energy Storage Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-04-21 | Ceased 2025-08-22 |
| Noriker Power Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-11-23 | Ceased 2021-04-21 |
| Gresham House Devco Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2020-02-04 | Ceased 2021-04-21 |
| Mr Steve Ruggi | Individual | Shares 75–100%, Voting 75–100% | 2017-03-02 | Ceased 2020-02-04 |
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-02 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-09-04 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2025-09-04 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2025-06-19 | AA | accounts | accounts with accounts type full |
| 2025-03-03 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-12-11 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-09-30 | AA | accounts | accounts with accounts type full |
| 2024-03-27 | TM01 | officers | termination director company with name termination date |
| 2024-03-04 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-10-11 | AA | accounts | accounts with accounts type full |
| 2023-07-03 | TM01 | officers | termination director company with name termination date |
| 2023-03-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-22 | AA | accounts | accounts with accounts type full |
| 2022-03-04 | MR04 | mortgage | mortgage satisfy charge full |
| 2022-03-04 | MR04 | mortgage | mortgage satisfy charge full |
| 2022-03-04 | MR04 | mortgage | mortgage satisfy charge full |
| 2022-03-03 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-10-06 | MA | incorporation | memorandum articles |
| 2021-10-06 | RESOLUTIONS | resolution | resolution |
| 2021-10-01 | MR04 | mortgage | mortgage satisfy charge full |
Credit score
Altman Z″ (private-firm) · reference 2023-12-31
-3.98
DISTRESS
Altman Z″
- Working capital / Total assets -0.682 × 6.56 = -4.47
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.031 × 6.72 = +0.21
- Book equity / Total liabilities 0.270 × 1.05 = +0.28
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory