Green Grid Innovations Ltd

Green Grid Innovations Ltd, based in Cardiff, UK, is a small, active company founded five years ago in 2020. With a single employee and £16,622 in assets, it operates from a real address and is managed by one director and owner. The company is an irregular importer of electrical machinery and equipment, with just two months of import activity recorded as of February 2023. It’s a private limited company, and the accounts are unaudited, exempt as a small company.

The company’s website showcases a focus on renewable heating solutions, particularly its patented 24V flexible heating technology. It offers retrofit systems for existing hot water cylinders, designs custom cylinders for new builds, and is developing a clean cooking appliance for SubSaharan Africa. The website highlights the company’s expertise in research and development, aiming to tackle challenges and make a difference with sustainable energy solutions. It’s a interesting business model, really.

Financially, Green Grid Innovations Ltd presents a mixed picture. Cash bank on hand increased dramatically, jumping 760% to £8,100, a positive sign. However, net assets decreased by 49%, landing at -£110,000. Creditors rose significantly, increasing by 58% to £130,000, while trade debtors grew by 64% to £8,500. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity suggests it’s burning through money. It’s a bit concerning, really. The accounts show a trend of increasing debt alongside rising receivables, which might indicate challenges in managing cash flow.

Registered in England/Wales under the registration number 12598032, with a registered address at S9 1DA, Sheffield, South Yorkshire, 5 Coborn Avenue, Tinsley.

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