NORTHERN GRITSTONE LIMITED
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Cash
£17m
+109.2% highest in 3 filed years
Net assets
£140m
+45.4% highest in 3 filed years
Employees
33
+22.2% highest in 3 filed years
Profit before tax
-£7.6m
+26.4% vs 2025
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £404,000 | £610,000 | £1,024,000 | +67.9% | |
| Operating profit | -£4,665,000 | -£11,061,000 | -£8,455,000 | +23.6% | |
| Profit before tax | -£3,783,000 | -£10,373,000 | -£7,635,000 | +26.4% | |
| Net profit | -£3,783,000 | -£10,373,000 | -£7,635,000 | +26.4% | |
| Cash | £15,022,000 | £8,346,000 | £17,458,000 | +109.2% | |
| Total assets less current liabilities | £79,209,000 | £97,771,000 | £141,187,000 | +44.4% | |
| Net assets | £77,682,000 | £96,028,000 | — | — | |
| Equity | £77,682,000 | £96,028,000 | £139,624,000 | +45.4% | |
| Average employees | 19 | 27 | 33 | +22.2% | |
| Wages | £2,434,000 | £3,436,000 | £4,191,000 | +22% | |
| Directors' remuneration | £1,858,000 | £2,263,000 | £2,614,000 | +15.5% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Return on capital employed | -5.9% | -11.3% | -6.0% | |
| Gearing (liabilities / total assets) | 3.2% | 3.4% | — | |
| Current ratio | 14.30x | 10.30x | 12.30x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The Directors have prepared a medium-term financial plan, including cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of severe but plausible downsides, the Group will have sufficient funds to meet its liabilities as they fall due for a period of 12 months from the date of approval of the financial statements.”
Group structure
- NORTHERN GRITSTONE LIMITED · parent
- Northern Gritstone Investment Manager Limited 100%
- Northern Gritstone Innovation Services Limited 100%
Significant events
- “The only material post balance sheet event to disclose is a £4,000,000 investment made by the Group in Pragmatic Semiconductor Ltd in June 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLACKBURN, Claire Helen | Secretary | 2023-11-22 | — | — |
| DOWDALL, Paddy | Director | 2025-04-01 | Apr 1975 | British |
| GRAHAM, Andrew Mcculloch | Director | 2020-12-23 | Feb 1964 | British |
| HADLEY, James Marshall | Director | 2022-05-06 | Dec 1983 | British |
| HARTLEY, Susan Elaine | Director | 2022-11-24 | Jul 1962 | British |
| HOLDEN, Anthony John, Professor | Director | 2026-02-24 | Aug 1980 | British |
| JOHNSON, Duncan Edward | Director | 2021-09-09 | May 1970 | British |
| MACPHERSON, Alexander Ian | Director | 2021-09-09 | Nov 1964 | British |
| MADELEY, Jane Elisabeth | Director | 2021-09-09 | Nov 1967 | British |
| O'NEILL, Terence James, Lord | Director | 2021-09-09 | Mar 1957 | British |
| SIRDESHPANDE, Niranjan Srihari | Director | 2022-05-19 | Sep 1980 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INDIGO CORPORATE SECRETARY LIMITED | Corporate Secretary | 2021-09-09 | 2023-10-19 |
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2020-10-29 | 2021-09-09 |
| BOOKER, Russell Stuart | Director | 2020-10-29 | 2020-12-23 |
| GEORGHIOU, Gregory Loukas, Professor | Director | 2021-09-09 | 2026-02-24 |
| PETLEY, David Neil, Professor | Director | 2021-09-09 | 2022-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| M&G Fa Limited | Corporate entity | Voting 25–50% | 2022-05-19 | Ceased 2023-03-14 |
| Duncan Edward Johnson | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-16 | Ceased 2022-05-19 |
| Pinsent Masons Director Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-29 | Ceased 2022-05-16 |
Filing timeline
Last 20 of 83 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-18 RESOLUTIONS Resolution
- 2026-04-18 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-22 | AA | accounts | Accounts with accounts type group | |
| 2026-05-20 | SH08 | capital | Capital name of class of shares | |
| 2026-04-18 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-18 | MA | incorporation | Memorandum articles | |
| 2026-04-10 | SH01 | capital | Capital allotment shares | |
| 2026-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2025-05-08 | SH08 | capital | Capital name of class of shares | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | SH01 | capital | Capital allotment shares | |
| 2025-04-11 | SH01 | capital | Capital allotment shares | |
| 2025-01-10 | SH01 | capital | Capital allotment shares | |
| 2025-01-10 | SH08 | capital | Capital name of class of shares | |
| 2024-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-22 | AA | accounts | Accounts with accounts type full | |
| 2023-11-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-11-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-23 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 7
- Officers appointed
- 1
- Officers resigned
- 1
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.