Company Overview
Gridworx Limited is listed at the official companies registry as In Administration Private Limited Company. The company was incorporated on Monday 05 September 2011, so this is a well established company. Gridworx Limited has been in business for 14 years and 6 months. The accounts status is total exemption full and the accounts are next due on Tuesday 31 December 2024.
Registered Address

C/O Jt Maxwell Limited, 169 Union Street, Oldham, OL1 1TD
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Companies House Data
Company NameGRIDWORX LIMITED
Company Number07762069
Registered Office AddressC/O Jt Maxwell Limited
 169 Union Street
 OL1 1TD
Company CategoryPrivate Limited Company
Company StatusIn Administration
Country of OriginUnited Kingdom
Incorporation Date05/09/2011
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2024
Accounts Last Made Up Date31/03/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date09/10/2016
Returns Last Made Up Date11/09/2015
Directors & Members
Show Resigned
Michael Taylor - Director
(British, 42 years old, born August 1984)
Appointed 05 September 2011
 Active
Secretaries
Michael Taylor - Secretary
Appointed 05 September 2011
 Active
Other Company Directorships
Michael Taylor
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2022 31-Mar-2021
Balance Sheet
Fixed Assets 261,224 261,224 152,775
Current Assets 1,795,728 1,795,728 1,165,479
Creditors Due Within One Year 1,288,608 1,288,608 595,608
Working Cap 507,120 507,120 569,871
Total Assets Less Current Liabilities 768,344 768,344 722,646
Long-term Liabilities 768,244 768,244 722,546
Net Assets 100 100 100
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 100 100 100
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2022 31-Mar-2021
Tangible Fixed Assets - - -
Fixed Assets 12.7% 12.7% 11.6%
Stocks Inventory - - -
Debtors 49.6% 49.6% 60.3%
Cash Bank In Hand 2.4% 2.4% 2.1%
Current Assets 87.3% 87.3% 88.4%
Creditors Due Within One Year 62.6% 62.6% 45.2%
Net Current Assets Liabilities 24.7% 24.7% 43.2%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 37.4% 37.4% 54.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2022 31-Mar-2021
Liquidity Ratio 1.4 1.4 2.0
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2023 31-Mar-2022 31-Mar-2021
Assets 2,056,952 2,056,952 1,318,254
Debt 2,056,852 2,056,852 1,318,154
Net Assets/Debt 100 100 100

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows In Administration.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows In Administration.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows In Administration.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Notice of move from Administration case to Creditors Voluntary Liquidation
Administrator's progress report
Administrator's progress report
Notice of extension of period of Administration
Administrator's progress report
Statement of affairs with form AM02SOA
Notice of deemed approval of proposals
Statement of administrator's proposal
Appointment of an administrator
Registered office address changed from Unit 7 st Augustines Business Park Estuary Close Whitstable Kent CT5 2QJ England to C/O Jt Maxwell Limited 169 Union Street Oldham OL1 1TD on 13 April 2024
Confirmation statement made on 16 February 2023 with no updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 16 February 2022 with no updates
Confirmation statement made on 16 February 2021 with no updates
Registered office address changed from Canterbury Innovation Centre University Road Canterbury Kent CT2 7FG England to Unit 7 st Augustines Business Park Estuary Close Whitstable Kent CT5 2QJ on 2 February 2021
Registration of charge 077620690002, created on 17 April 2020
Confirmation statement made on 16 February 2020 with no updates
Registration of charge 077620690001, created on 3 December 2019
Current accounting period extended from 30 September 2019 to 31 March 2020
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