Gridimp Ltd

Gridimp Ltd from Wells UK: a small, active company founded thirteen years ago, employs six people, and holds £388,748 in assets. It operates from a virtual address, managed by two directors and two owners. The company is an irregular importer of electrical machinery and equipment, with just one month of imports recorded in 2023.

Gridimp Ltd is a software platform provider focused on smart microgrids and automated energy control. Its website highlights a range of services, including consumer and partner subscriptions, platform services, and demand profiling. The company’s core offering is an AI-driven platform designed to help consumers and businesses become more flexible and low-carbon energy users. They work with multiple end users and partners, from early-stage planning to fully automated microgrid control, supporting planning, investment, and automation. The website also showcases case studies, including work with Somerlap, the University of St. Andrews, and The Bishops Palace.

Financially, Gridimp Ltd shows some concerning trends. Accumulated amortisation impairment of intangible assets has doubled to £58,000, while bank borrowings have increased dramatically, jumping 340% to £110,000. Cash reserves, however, have also increased significantly, rising 260% to £110,000. Creditors have nearly tripled, reaching £200,000, and net assets have fallen by 43% to £100,000. The number of employees has also increased by 50%, from six to nine. Despite these challenges, the company’s small size (meeting two of three criteria for being a small company) allows for agility. The unaudited financial statements, prepared with CCH Software, do not mention an auditor. The increase in bank borrowings, combined with the decrease in net assets, suggests the company may be burning through cash to fuel growth, but the increased cash reserves offer some reassurance.

Registered in England/Wales under the registration number 07832551, with a registered address at BA5 1FD, United Kingdom, Wells, Somerset, Bishopbrook House, Cathedral Avenue.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.