THORNTON GRID SOLUTIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-10 (in 9mo)
Last made up 2026-01-27
Watchouts
Cash
—
Latest balance sheet
Net assets
£9K
-98.9% vs 2023
Employees
—
Average over period
Profit before tax
£48K
-86% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
In Q4 2023, the Directors of the Company decided to move the synchronous compensator project into another subsidiary of the immediate parent company, Statkraft UK LTD. The Company now has no development project. Accordingly, the Directors adopt a basis other than that of going concern in preparing the financial statements.
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 | — | — | |
| Operating profit | £366,000 | £27,000 | |
| Profit before tax | £344,000 | £48,000 | |
| Net profit | £344,000 | £48,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £801,000 | £9,000 | |
| Net assets | £801,000 | £9,000 | |
| Equity | £801,000 | £9,000 | |
| 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 |
|---|---|---|---|
| Return on capital employed | 45.7% | 300.0% | |
| Current ratio | 10.42x | 1.14x | |
| Interest cover | 12.62x | — |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“In Q4 2023, the Directors of the Company decided to move the synchronous compensator project into another subsidiary of the immediate parent company, Statkraft UK LTD. The Company now has no development project. Accordingly, the Directors adopt a basis other than that of going concern in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KAFIDIYA-OKE, Folasade, Mrs. | Secretary | 2021-01-28 | — | — |
| MARDON, Richard, Mr. | Director | 2023-03-13 | May 1964 | British |
| O'DONOVAN, Kevin, Mr. | Director | 2023-03-13 | Aug 1977 | Irish |
| ROBERTSON, Iain, Mr. | Director | 2023-03-13 | Apr 1970 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DALE, Duncan Peter, Mr. | Director | 2021-01-28 | 2023-03-13 |
| FLOOD, David John | Director | 2021-01-28 | 2023-03-13 |
| TORBLAA, Eivind Jacob, Mr. | Director | 2021-01-28 | 2023-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Statkraft Uk Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-01-28 | Active |
Filing timeline
Last 20 of 30 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-20 | AA | accounts | Accounts with accounts type full | |
| 2025-01-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-12 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-06-05 | SH20 | capital | Legacy | |
| 2024-06-05 | CAP-SS | insolvency | Legacy | |
| 2024-06-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-27 | AA | accounts | Accounts with accounts type full | |
| 2023-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-13 | AA | accounts | Accounts with accounts type full | |
| 2022-02-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-16 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 2
- 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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-98.9%
£801,000 £9,000
-
Employees
—
Not reported
-
Operating profit
-92.6%
£366,000 £27,000
-
Profit before tax
-86%
£344,000 £48,000
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