How much does Grid Services Ltd make?

Grid Services Ltd reported revenue of £402k and £128k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Grid Services Ltd have?

Grid Services Ltd reported an average of 1 employee in the year to 31 Dec 2023.

Is Grid Services Ltd profitable?

Yes — Grid Services Ltd reported a profit of £128k in the year to 31 Dec 2023.

Company No. 11525265 · Incorporated 20 Aug 2018

Grid Services Ltd

Registered name: GRID SERVICES LTD

Grid Services Ltd made £402k revenue and £128k profit in the year to 31 Dec 2023.

Grid Services Ltd’s revenue fell 63% to £402k in the year to 31 Dec 2023, with £128k profit and 1 employee. The company is classified under “specialised design activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74100specialised design activities

Status: Active - Proposal to Strike off
Location: London, London
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentSmall team

Revenue

£402k

Growth ▼63.2%

Profit

£128k

Growth ▼86%

Profit margin

31.9%

Employees

Change —

Profit / employee

£128k

Revenue/employee £402k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.1m	£402k
Profit after tax	£918k	£128k
Profit (best available)	£918k	£128k
Staff costs	£0	£0
Employees (average)	—	1
Ratios
Profit margin	83.8%	31.9%
Revenue per employee	—	£402k
Profit per employee	—	£128k
Growth (year on year)
Revenue growth	—	▼63.2%
Profit growth	—	▼86%
Balance sheet — indirect signals, not revenue
Net assets	£1.7m	£1.8m
Fixed assets	£669k	£1.1m
Current assets	£2.3m	£2.7m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: 31.9%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £402k; Revenue ÷ average employees.
Profit per employee: £128k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 264%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲8%; Now £1.8m
Cash at bank: —; Now —
Headcount: —; Now 1
Deferred income: —; Now —
Fixed assets: ▲59%; Now £1.1m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £128k), from the Companies House accounts bulk data published Aug 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.