UK Companies House feature
SMARTER GRID SOLUTIONS LIMITED
Cash
£365K
+556.9% vs 2024
Net assets
-£4M
-188.2% vs 2024
Employees
115
+4.5% vs 2024
Profit before tax
—
Period ending 2025-03-31
Profile
- Company number
- SC344695
- Status
- Active
- Incorporation
- 2008-06-20
- Last accounts made up
- 2025-03-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
6-year trend · vs UK AI & Enterprise SaaS median
SMARTER GRID SOLUTIONS LIMITED
SMARTER GRID SOLUTIONS LIMITED
SMARTER GRID SOLUTIONS LIMITED
SMARTER GRID SOLUTIONS LIMITED
Accounts
6-year trend · latest 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | |
| Net profit | -£819,963 | -£723,078 | -£5,146,951 | -£1,801,154 | -£1,194,767 | -£8,753,689 | |
| Cash | £1,202,696 | £912,787 | £5,012,518 | £61,424 | £55,629 | £365,444 | |
| Total assets less current liabilities | £5,012,502 | £3,019,911 | — | — | £4,650,871 | -£4,102,818 | |
| Net assets | £390,051 | -£1,412,506 | £7,646,792 | — | — | — | |
| Equity | — | — | — | — | £4,650,871 | -£4,102,818 | |
| Average employees | 53 | 54 | 67 | 89 | 110 | 115 | |
| Wages | £3,930,661 | £4,612,689 | £6,170,120 | £3,811,367 | — | — |
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
- Consolidated (group)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As such, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.”
Subsidiaries
- Smarter Grid Solutions Inc. · 100% held · Technology applications and associated services
Significant events
- “SGS will transfer its US subsidiary operations to MEPPI, removing significant cost and overhead and reducing operating losses.”
- “Pause development of Cirrus Flex, resulting in a write-down of the related intangible asset and a reduction in related development headcount, further reducing operating losses.”
- “Accelerate delivery of Strata Grid 4.0 to replace Strata Grid 3.x, improving performance and scalability and aligning with MEPPI and MELCO (Mitsubishi Electric Corporation)'s global DERMS vision. We have accelerated amortisation of Strata Grid 3.x, enabling more effective cost sharing and benefit alignment across global entities.”
- “Subsequent to the year end, Smarter Grid Solutions Inc has transferred its North American contracts and employees into its immediate parent company.”
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
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BREEGER, Tricia | Director | 2023-04-01 | Oct 1970 | American |
| FOWLER, John | Director | 2026-01-21 | Nov 1967 | American |
| GOODING, Alan Kenneth | Director | 2024-04-01 | Apr 1978 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORGIE, Ian Mckay | Secretary | 2014-03-01 | 2017-11-30 |
| GOODING, Alan Kenneth | Secretary | 2008-06-20 | 2014-03-01 |
| ALEXANDER, Graeme Ross | Director | 2011-02-01 | 2013-02-28 |
| ARMOUR, Robert Malcolm | Director | 2011-02-01 | 2016-04-26 |
| AULT, Graham William | Director | 2014-04-29 | 2021-08-19 |
| AULT, Graham William | Director | 2008-06-20 | 2013-01-14 |
| CUNNINGHAM, Stephen George | Director | 2020-11-03 | 2021-08-19 |
| CURRIE, Robert Alastair Fraser, Dr | Director | 2009-05-28 | 2020-06-30 |
| CURRIE, Robert Alastair Fraser, Dr | Director | 2008-06-20 | 2008-07-22 |
| DEED, Stuart George Mackie | Director | 2008-08-28 | 2010-05-14 |
| DOCHERTY, Gerard | Director | 2013-03-01 | 2021-08-19 |
| FORGIE, Ian Mackay | Director | 2013-04-30 | 2017-11-30 |
| FUJITA, Atsufumi | Director | 2024-06-01 | 2026-03-31 |
| GOODING, Alan Kenneth | Director | 2008-06-20 | 2021-08-19 |
| HAMILTON, Katherine Heil | Director | 2023-04-01 | 2026-03-31 |
| HEERY, Brian | Director | 2021-08-19 | 2026-03-31 |
| HILL, Edward Alan | Director | 2023-04-01 | 2026-03-31 |
| KATSURA, Yuichiro | Director | 2021-08-19 | 2023-03-31 |
| KENT, James | Director | 2016-05-02 | 2023-04-01 |
| KITAO, Kenji | Director | 2023-04-01 | 2026-03-31 |
| KOMURA, Hideaki | Director | 2021-08-19 | 2023-03-31 |
| MACLEMAN, David Fraser | Director | 2008-08-28 | 2013-01-14 |
| MARMIROLI, Marta | Director | 2023-04-01 | 2024-05-31 |
| MARSHALL, Brent Austin | Director | 2017-08-21 | 2024-03-31 |
| MCGHIE, Stuart David | Director | 2020-11-03 | 2025-12-31 |
| SCOTT, John Gilbert Piers | Director | 2013-02-26 | 2017-03-31 |
| TAKEUCHI, Shin | Director | 2023-04-01 | 2026-03-31 |
| TSUKAMOTO, Yukitoki | Director | 2021-08-19 | 2023-03-31 |
| WILSON, James Lamb | Director | 2010-08-02 | 2012-06-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitsubishi Electric Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-08-19 | Active |
| Environmental Energies Fund Lp | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2021-08-19 |
| Scottish Equity Partners Llp | Corporate entity | Appoints directors | 2016-04-06 | Ceased 2021-08-19 |
| Scottish Loan Fund Lp | Corporate entity | Significant influence | 2016-04-06 | Ceased 2016-07-01 |
| Scottish Investment Bank Ltd. | Corporate entity | Appoints directors | 2016-04-06 | Ceased 2016-07-01 |
| Maven Capital Partners Llp | Corporate entity | Significant influence | 2016-04-06 | Ceased 2016-07-01 |
| Scottish Enterprise Glasgow | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2016-07-01 |
Filing timeline
Last 20 of 160 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-13 | TM01 | officers | termination director company with name termination date |
| 2026-04-13 | TM01 | officers | termination director company with name termination date |
| 2026-04-13 | TM01 | officers | termination director company with name termination date |
| 2026-04-13 | TM01 | officers | termination director company with name termination date |
| 2026-04-13 | TM01 | officers | termination director company with name termination date |
| 2026-04-13 | TM01 | officers | termination director company with name termination date |
| 2026-01-31 | AP01 | officers | appoint person director company with name date |
| 2026-01-23 | TM01 | officers | termination director company with name termination date |
| 2025-12-19 | AA | accounts | accounts with accounts type group |
| 2025-12-18 | CH01 | officers | change person director company with change date |
| 2025-07-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-12-20 | AA | accounts | accounts with accounts type group |
| 2024-07-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-06-20 | AP01 | officers | appoint person director company with name date |
| 2024-06-14 | TM01 | officers | termination director company with name termination date |
| 2024-05-30 | AP01 | officers | appoint person director company with name date |
| 2024-04-02 | TM01 | officers | termination director company with name termination date |
| 2023-12-22 | AA | accounts | accounts with accounts type group |
| 2023-07-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-07-03 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires retained earnings proxy, EBIT (operating profit / PBT), book equity — not present in the latest extracted accounts.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory
Activity Score not yet computed for this company.