SMARTER GRID SOLUTIONS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-04 (in 2mo)
Last made up 2025-06-20
Watchouts
Cash
£365K
+556.9% vs 2024
Net assets
-£4M
-188.2% lowest in 5 filed years
Employees
115
+4.5% highest in 6 filed years
Profit before tax
—
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
7 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Audit & accounting basis
- 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.”
Group structure
- SMARTER GRID SOLUTIONS LIMITED · parent
- Smarter Grid Solutions Inc. 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 7
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
+556.9%
£55,629 £365,444
-
Net assets
—
Not reported
-
Employees
+4.5%
110 115
highest in 6 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers