GRID DYNAMICS UK LTD
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Cash
£4.5m
+29% vs 2024
Net assets
£6.6m
-3.2% lowest in 3 filed years
Employees
41
+5.1% highest in 3 filed years
Profit before tax
-£764k
-141.1% lowest in 3 filed years
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £26,443,215 | £14,861,944 | £10,833,163 | -27.1% | |
| Operating profit | £4,973,128 | £1,742,962 | -£822,155 | -147.2% | |
| Profit before tax | £4,995,153 | £1,859,151 | -£763,562 | -141.1% | |
| Net profit | £3,764,543 | £1,213,822 | -£615,361 | -150.7% | |
| Cash | £5,568,700 | £3,466,089 | £4,472,254 | +29% | |
| Total assets less current liabilities | £8,105,910 | £6,840,625 | £6,623,122 | -3.2% | |
| Net assets | £8,105,910 | £6,840,625 | £6,623,122 | -3.2% | |
| Equity | £8,105,910 | £6,840,625 | £6,623,122 | -3.2% | |
| Average employees | 39 | 39 | 41 | +5.1% | |
| Wages | £4,460,393 | £4,313,148 | £4,407,878 | +2.2% | |
| Directors' remuneration | £308,454 | £352,061 | £615,203 | +74.7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 18.8% | 11.7% | -7.6% | |
| Net margin | 14.2% | 8.2% | -5.7% | |
| Return on capital employed | 61.4% | 25.5% | -12.4% | |
| Gearing (liabilities / total assets) | — | 15.1% | 13.2% | |
| Current ratio | 5.65x | 6.59x | 7.56x | |
| Interest cover | — | — | -68.56x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- GRID DYNAMICS UK LTD 2024-01-19 → present
- TACIT KNOWLEDGE LTD 2009-05-08 → 2024-01-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, having considered the working capital position, trading results and obtained a letter of support from the Parent Company.”
Group structure
- GRID DYNAMICS UK LTD · parent
- Grid Dynamics Singapore PTE. LTD 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BULLOCK, John James | Director | 2018-03-14 | Jan 1972 | English |
| TARADAI, Sergii | Director | 2021-07-09 | May 1982 | Ukrainian |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EVERETT, Todd Allen | Secretary | 2015-12-18 | 2018-03-14 |
| RAZZOUK, William | Secretary | 2014-01-08 | 2015-12-18 |
| OVALSEC LIMITED | Corporate Nominee Secretary | 2009-05-08 | 2014-01-08 |
| EVERETT, Todd Allen | Director | 2015-12-18 | 2018-03-14 |
| HARDY, James Carmichael | Director | 2009-05-08 | 2014-01-08 |
| RAZZOUK, William | Director | 2014-01-08 | 2015-12-18 |
| WILLSHER, Gerard Richard | Director | 2018-02-01 | 2021-07-09 |
| OVAL NOMINEES LIMITED | Corporate Nominee Director | 2009-05-08 | 2009-05-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Grid Dynamics Holdings Inc | Corporate entity | Shares 75–100% | 2021-05-29 | Active |
| Pitney Bowes Inc | Corporate entity | Shares 75–100% | 2017-10-02 | Ceased 2021-05-29 |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-19 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2026-05-07 | AD02 | address | Change sail address company with old address new address | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-23 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-05-19 | CH01 | officers | Change person director company with change date | |
| 2024-08-01 | AA | accounts | Accounts with accounts type full | |
| 2024-05-21 | CH01 | officers | Change person director company with change date | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-13 | CH01 | officers | Change person director company with change date | |
| 2024-01-19 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-07-21 | AA | accounts | Accounts with accounts type full | |
| 2023-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-25 | AA | accounts | Accounts with accounts type full | |
| 2022-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-05-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.