GRIMCO UK, LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-08 (in 3mo)
Last made up 2025-07-25
Watchouts
None on the register
Cash
£3M
-43.7% vs 2023
Net assets
£42M
+0.7% vs 2023
Employees
243
+0.4% vs 2023
Profit before tax
-£330K
-107.4% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £131,447,846 | £129,089,737 | |
| Operating profit | £5,201,052 | £330,325 | |
| Profit before tax | £4,432,492 | -£329,996 | |
| Net profit | £2,813,059 | -£886,637 | |
| Cash | £5,673,875 | £3,194,848 | |
| Total assets less current liabilities | £60,776,435 | £50,461,261 | |
| Net assets | £41,312,938 | £41,590,209 | |
| Equity | £41,312,938 | £41,590,209 | |
| Average employees | 242 | 243 | |
| Wages | £9,804,157 | £10,862,107 |
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 | 4.0% | 0.3% | |
| Net margin | 2.1% | -0.7% | |
| Return on capital employed | 8.6% | 0.7% | |
| Current ratio | 1.59x | 1.33x | |
| Interest cover | 6.45x | 0.47x |
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
- Consolidated group
- Auditor
- Gibson Booth
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 group's or the parent 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
- GRIMCO UK, LTD. · parent
- Pyramid Display Materials Limited 100%
- Multipanel UK Limited 100%
- Cubic Holdings Limited
- Multipanel Europe BE 100%
Significant events
- “2024 operating profit is net of impairment of freehold land and buildings of £771,241.”
- “Cubic Holdings Limited was dissolved on 20 February 2024.”
- “Contingent consideration for the acquisition of Multipanel UK Limited of £1,000,000 is due if certain turnover targets are met by 30 June 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2021-07-26 | — | — |
| HUMMERT, Robert | Director | 2021-07-26 | May 1948 | American |
| SALZMAN, Amy M. | Director | 2021-07-26 | Aug 1975 | American |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUNTSMOOR LIMITED | Corporate Director | 2021-07-26 | 2021-07-26 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Director | 2021-07-26 | 2021-07-26 |
Ownership
Persons with significant control
Filing timeline
Last 18 of 18 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-14 MA Memorandum articles
- 2022-07-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-16 | AA | accounts | Accounts with accounts type group | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-31 | CH01 | officers | Change person director company with change date | |
| 2023-09-26 | AA | accounts | Accounts with accounts type group | |
| 2023-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-13 | SH02 | capital | Capital alter shares subdivision | |
| 2022-10-07 | SH01 | capital | Capital allotment shares | |
| 2022-10-07 | SH01 | capital | Capital allotment shares | |
| 2022-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-14 | MA | incorporation | Memorandum articles | |
| 2022-07-14 | RESOLUTIONS | resolution | Resolution | |
| 2021-11-24 | AA01 | accounts | Change account reference date company current extended | |
| 2021-08-09 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-09 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-09 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-07-26 | NEWINC | incorporation | Incorporation company |
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
-1.8%
£131,447,846 £129,089,737
-
Cash
-43.7%
£5,673,875 £3,194,848
-
Net assets
+0.7%
£41,312,938 £41,590,209
-
Employees
+0.4%
242 243
-
Operating profit
-93.6%
£5,201,052 £330,325
-
Profit before tax
-107.4%
£4,432,492 -£329,996
-
Wages
+10.8%
£9,804,157 £10,862,107
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