GRAVITEE TOPCO LIMITED
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Cash
£5.2M
-53.7% vs 2023
Net assets
-£2.8M
-133.4% vs 2023
Employees
88
+1.1% vs 2023
Profit before tax
-£12M
-2.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £6,653,166 | £11,096,524 | +66.8% | |
| Operating profit | -£12,028,831 | -£12,222,806 | -1.6% | |
| Profit before tax | -£12,028,831 | -£12,312,975 | -2.4% | |
| Net profit | -£11,775,254 | -£12,314,190 | -4.6% | |
| Cash | £11,274,883 | £5,215,989 | -53.7% | |
| Total assets less current liabilities | £8,469,134 | £162,669 | -98.1% | |
| Net assets | £8,469,134 | -£2,832,834 | -133.4% | |
| Equity | £8,469,134 | -£2,832,834 | -133.4% | |
| Average employees | 87 | 88 | +1.1% | |
| Wages | £9,857,524 | £11,915,085 | +20.9% | |
| Directors' remuneration | £359,825 | £437,654 | +21.6% |
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 |
|---|---|---|---|
| Operating margin | -180.8% | -110.1% | |
| Net margin | -177.0% | -111.0% | |
| Return on capital employed | -142.0% | — | |
| Gearing (liabilities / total assets) | 48.2% | 123.2% | |
| Current ratio | 2.06x | 1.01x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management has performed an assessment of the Group's ability to operate as a going concern, taking into account future growth and fundraising in the form of equity and debt. The Group have historically been loss making and are projected to incur losses in the next two financial years but is currently forecast to become EBITDA positive in 2027. The Group have also secured Series C funding post year end. Based on the fact the company has raised significant equity post year end, the directors have concluded the company has sufficient financial resources and facilities to settle its liabilities as they fall due for a period of at least 12 months from the approval of these financial statements.”
Group structure
- GRAVITEE TOPCO LIMITED · parent
- Graviteesource SAS 100%
- Graviteesource Inc 100%
Significant events
- “On 10 July 2025, the Group acquired 100% of the share capital of a USA registered corporation for total consideration of $12.5m, satisfied through a combination of cash and equity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAUER, Michael | Director | 2025-05-16 | May 1989 | American |
| BLUNDELL, Rory Rees | Director | 2021-02-27 | Jul 1986 | British |
| BRASSELY, David | Director | 2021-02-27 | May 1984 | French |
| CUNITZ, Herbert David | Director | 2022-07-20 | Mar 1963 | American |
| DRILLINGS, Jonathan | Director | 2022-05-06 | Nov 1982 | American |
| JOHNSSON, Mikael Sidney | Director | 2021-06-30 | Mar 1972 | Swedish |
| WHITBY-SMITH, Robert James | Director | 2025-05-12 | Oct 1974 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GERAUD, Nicolas | Director | 2021-02-27 | 2025-05-12 |
| LEHAIR, Paul | Director | 2021-04-23 | 2025-05-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rory Rees Blundell | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-02-27 | Ceased 2021-03-11 |
Filing timeline
Last 20 of 86 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-22 RESOLUTIONS Resolution
- 2025-05-21 MA Memorandum articles
- 2025-05-21 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-18 | AD03 | address | Move registers to sail company with new address | |
| 2026-03-18 | AD02 | address | Change sail address company with old address new address | |
| 2025-12-19 | AA | accounts | Accounts with accounts type group | |
| 2025-08-13 | SH08 | capital | Capital name of class of shares | |
| 2025-07-28 | SH01 | capital | Capital allotment shares | |
| 2025-07-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-16 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-06-03 | SH01 | capital | Capital allotment shares | |
| 2025-05-21 | MA | incorporation | Memorandum articles | |
| 2025-05-21 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | SH01 | capital | Capital allotment shares | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-31 | SH01 | capital | Capital allotment shares | |
| 2024-12-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 6
- 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.