Gridserve Technologies Ltd

Gridserve Technologies Ltd, based in Swindon, UK, is a small, holding company with an active status. Founded six years ago in 2018, it employs ten people and holds £243,170 in assets. The company operates from a virtual address – fifty-four other companies are registered there – and is overseen by one director and owner. It’s an irregular importer of electrical machinery and equipment, with just one month of import activity recorded as of June 2023.

The company's website, Gridserve, is a news and magazine platform focused on electric hybrid vehicle technology. It features articles, videos, and supplier spotlights, covering topics from battery technology to powertrain components. The site also offers digital magazines and a weekly email newsletter, catering to a professional audience interested in the evolving automotive landscape. It’s clear they’re not an e-commerce site, but rather a content hub for industry professionals.

Financially, Gridserve Technologies Ltd presents a mixed picture. Current assets have fallen by 22% to £240,000, and net assets have dropped 68% to -£2 million—a significant decline. Cash reserves have also decreased by 37% to £88,000, while creditors have risen sharply by 66% to £2.6 million. On the positive side, fixed assets have increased substantially by 450% to £350,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 30 employees) helps it remain nimble, but the large equity decrease is concerning. The company is exempt from an audit, so the figures are unaudited.

In short, Gridserve Technologies Ltd is facing financial headwinds, despite its active content platform. Whether it can sustain its operations and content creation remains to be seen.

Registered in England/Wales under the registration number 11456382, with a registered address at SN5 5WN, England, Swindon, Units 9 & 10 Westerngate, Hillmead Enterprise Park.

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