GRIDWORKS DEVELOPMENT PARTNERS LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-05 (in 2mo)
Last made up 2025-06-21
Watchouts
None on the register
Cash
£5M
+10.3% vs 2023
Net assets
£46M
+44.3% vs 2023
Employees
25
+8.7% vs 2023
Profit before tax
—
Period ending 2024-12-31
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£4,398,168 | -£4,371,193 | |
| Profit before tax | — | — | |
| Net profit | -£4,279,308 | -£4,291,821 | |
| Cash | £4,518,403 | £4,984,623 | |
| Total assets less current liabilities | £32,688,282 | £46,370,277 | |
| Net assets | £31,889,863 | £46,016,130 | |
| Equity | £31,889,863 | £46,016,130 | |
| Average employees | 23 | 25 | |
| Wages | £2,354,858 | £4,042,100 |
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 | -13.5% | -9.4% | |
| Current ratio | 4.91x | 2.84x | |
| Interest cover | -9397.79x | -9202.51x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The LLP is a wholly owned subsidiary of British International Investment plc and British International Investment Overseas Limited and has been established in the expectation that it will be loss making in its early years as it develops projects and invests in its target markets. As projects are completed and the investment portfolio matures, the LLP expects to become profitable. British International Investment plc has committed to fund the ongoing activities of the LLP. In 2024, British International Investment plc made a total annual members' contribution of $24.8m for operational costs and investments. In May 2025, British International Investment plc made a $10.4m contribution for operational costs for 2025. The LLP prepares regular cash flow forecasts and ended 2024 with $6.7m of cash. Forecasts demonstrate that sufficient liquid resources are in place to fund the business for the 12 months following signing of the financial statements. Accordingly, the going concern basis of accounting has been used in preparing the report and financial statements.”
Group structure
- GRIDWORKS DEVELOPMENT PARTNERS LLP · parent
- GW Overseas Holdings Limited 100%
- GW Uganda Investments LLP 100%
- GWVP LLP 100%
- GWMP LLP 100%
- GW Mozambique Investments LLP 100%
- Gridworks Development Partners (Uganda) (2) LLP 100%
- Gridworks Development Partners (Ethiopia) LLP 100%
- Sustainable Power Solutions Investments (Pty) Limited 55%
- Moyi Power Bumba SASU 100%
- Moyi Power Gemena SASU 100%
- Moyi Power Isiro SASU 100%
- Amari Power Transmission - SMC Limited 100%
- Anzana Electric Group Limited 100%
Significant events
- “Subsequent to the reporting period, the Government of the United States of America imposed wide reaching tariffs on imports which included a 16% tariff on imports from Mozambique. Whilst the LLP does not intend to provide services to the United States, the tariffs have resulted in global and economic uncertainty. This uncertainty could have an impact on valuation assumptions and the strength or volatility of the US$.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRITISH INTERNATIONAL INVESTMENT OVERSEAS LIMITED | Corporate Llp Designated Member | 2018-07-27 | — | — |
| BRITISH INTERNATIONAL INVESTMENT PLC | Corporate Llp Designated Member | 2018-07-27 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cdc Overseas Holdings Limited | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2018-07-27 | Ceased 2018-09-11 |
| British International Investment Plc | Corporate entity | voting-rights-75-to-100-percent-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership | 2018-07-27 | Active |
Filing timeline
Last 20 of 20 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-22 | AA | accounts | Accounts with accounts type full | |
| 2023-06-21 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-18 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-06-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-20 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2022-04-20 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-06-21 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-30 | AA | accounts | Accounts with accounts type full | |
| 2020-06-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-12 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-10-16 | LLAA01 | accounts | Change account reference date limited liability partnership current extended | |
| 2018-09-19 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2018-09-19 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2018-07-27 | LLIN01 | incorporation | Incorporation limited liability partnership |
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
—
Not reported
-
Cash
+10.3%
£4,518,403 £4,984,623
-
Net assets
+44.3%
£31,889,863 £46,016,130
-
Employees
+8.7%
23 25
-
Operating profit
+0.6%
-£4,398,168 -£4,371,193
-
Wages
+71.6%
£2,354,858 £4,042,100
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