GRIT INVESTMENT TRUST PLC

80 CHEAPSIDE, LONDON, EC2V 6EE

Previous name: GLOBAL RESOURCES INVESTMENT TRUST PLC (changed on 10-Jan-2022)
Previous name: GLOBAL RESOURCES INVESTMENT TRUST LTD (changed on 06-Feb-2014)
Previous name: GLOBAL RESOURCES INVESTMENT LTD (changed on 06-Feb-2014)

Company Number: 08256031
Incorporation date: 16-Oct-2012
Status: Active
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts





SUMMARY

This company is 11.5 years old and is currently active. It is controlled by Philip J Milton & Co Plc. The company has positive equity (net assets) of GBP 1.4 million which has decreased from the previous year's figure of GBP 8.3 million. Retained earnings is negative (GBP -4 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 3 active officers (directors or partners) who are or were officers of 35 other companies, 9 (25.7%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 30,000
31-Dec-2017 GBP
31-Dec-2016 GBP 258,000 374,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 1,603,000 420,000 36,880,000 -3,960,000 1,431,000
31-Dec-2017 GBP 765,000 83,000 420,000 36,880,000 -3,381,000 8,250,000
31-Dec-2016 GBP 3,805,000 5,184,000 400,000 36,800,000 -2,943,000 8,946,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2017 GBP 4.76% 100,000 2,000,000 2,100,000 2,050,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active PETERHOUSE CAPITAL LIMITED 01 Sep 2021 28 Mar 2024 1 - 0
Resigned James Patrick NORMAND 04 Nov 2020 01 Sep 2021 0 - 1
Resigned MAITLAND ADMINISTRATION SERVICES (SCOTLAND) LIMITED 17 Sep 2013 04 Nov 2020 0 - 78

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Richard Arthur LOCKWOOD 22 Oct 2021 Investment Manager British 2 - 00 (0.0%)
Active Malcolm Alec BURNE 22 Oct 2021 Financier British 8 - 2210 (33.3%)
Resigned Stephen John ROBERTS 30 Aug 2019 02 Aug 2021 Retired British 0 - 52 (40.0%)
Resigned James Patrick NORMAND 30 Aug 2019 22 Oct 2021 Chartered Accountant British 3 - 176 (30.0%)
Active Martin LAMPSHIRE 30 Aug 2019 Financial Consultant British 3 - 41 (14.3%)
Resigned David Albert Lloyd JOHNSTON 22 Aug 2018 14 Jun 2019 Director Australian 0 - 10 (0.0%)
Resigned Jonathan Richard REYNOLDS 22 Aug 2018 01 Jul 2019 Director Australian 0 - 10 (0.0%)
Resigned David James HUTCHINS 16 Jan 2017 30 Aug 2019 Director British 0 - 10 (0.0%)
Resigned Nicholas John PARIS 21 Oct 2014 14 Mar 2016 Managing Partner British 4 - 40 (0.0%)
Resigned Simon James FARRELL 31 Jan 2014 30 Aug 2019 Director Australian 0 - 30 (0.0%)
Resigned James Frederick William WILLIAMS 31 Jan 2014 21 Oct 2014 Farmer And Consultant British 2 - 21 (25.0%)
Resigned Anthony Tudor, Lord St John ST JOHN 17 Sep 2013 27 Apr 2018 Director British 5 - 154 (20.0%)
Resigned John Hepworth Ward HODSON 17 Sep 2013 25 Nov 2013 Director British 0 - 132 (15.4%)
Resigned Haruko FUKUDA OBE 17 Sep 2013 30 Aug 2019 Director British 6 - 81 (7.1%)
Resigned David James HUTCHINS 16 Oct 2012 06 Mar 2014 Director Australian 1 - 1611 (64.7%)
Number of active directors: 3
Average tenure of active directors: 3.1 years
Average tenure of resigned directors: 2.4 years
Average active director Dissolution Rate: 15.9%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
ANGLESEY MINING PLC (01849957) - Active
RIVINGTON STREET HOLDINGS (UK) LIMITED (02258507) - Dissolved
ARLINGTON GROUP ASSET MANAGEMENT LIMITED (02359077) - Active
TEAWOOD NOMINEES LIMITED (02677595) - Active
NEW NATIONWIDE SECURITIES LIMITED (02868783) - Dissolved
TEATHERS LTD (03019293) - Dissolved
AMBRIAN PLC (03172986) - Active
XENETIC BIOSCIENCES (UK) LIMITED (03213174) - Active
KEFI MINERALS (ETHIOPIA) LIMITED (03479599) - Active
GOTECH GROUP PLC (03904514) - Active
VALIRX PLC (03916791) - Active
PAN AFRICAN RESOURCES PLC (03937466) - Active
WHITE KNIGHT INVESTMENTS LIMITED (03958225) - Active - Proposal to Strike off
CIZZLE BIOTECH LTD (04292138) - Active
CAPRICORN ENERGY UK LIMITED (04362104) - Active
NEW WORLD INVESTMENT MANAGERS LIMITED (04403160) - Dissolved
JUBILEE METALS GROUP PLC (04459850) - Active
RIVINGTON STREET MEDIA LIMITED (05285833) - Dissolved
GOINDUSTRY-DOVEBID LIMITED (05381812) - Active
PHOTONSTAR TECHNOLOGY LIMITED (07432139) - Active
THE VENTURE CAPITAL EXCHANGE LIMITED (07806382) - Active
J P JENKINS LIMITED (08014724) - Active
GRIT INVESTMENT TRUST PLC (08256031) - Active
HEIQ PLC (09040064) - Active
RADIX CAPITAL LIMITED (09352818) - Active - Proposal to Strike off
THE CROWD INVESTMENT EXCHANGE PLC (09548938) - Active
EXCHANGE INVESTMENT TRUST PLC (09889511) - Active
STAR TECH NG LTD (10163106) - Active
SECOND MARKET LIMITED (10358690) - Active
EXPERIENCE CAPITAL LIMITED (10601778) - Active
MEGATRENDS CAPITAL LTD (11297752) - Dissolved
RAL CAPITAL GROUP LIMITED (11500226) - Active
SPAC-X LTD (13493979) - Active - Proposal to Strike off
JP JENKINS DIRECT LTD (13541016) - Active - Proposal to Strike off
MILTON CAPITAL PLC (13628457) - Active
WEST END TST. LIMITED (SC009259) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2013-10-16
RDP LIMITEDDEFERRED50,000
25%
RDP LIMITEDDEFERRED50,000
25%
RDP LIMITEDORDINARY49,900
25.0%
RDP LIMITEDORDINARY49,900
25.0%
RDP LIMITEDORDINARY100
0.05%
RDP LIMITEDORDINARY100
0.05%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

GRIT INVESTMENT TRUST PLC

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64301 Activities of investment trusts)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
ALLIANCE TRUST PLC RIVER COURT, 5 WEST VICTORIA DOCK ROAD, DUNDEE, SCOTLAND, DD1 3JT SC001731 2017-12-31 490,552,000 471,807,000
ELECTRA PRIVATE EQUITY PLC C/O DWF COMPANY SECRETARIAL SERVICES LIMITED 1 SCOTT PLACE, 2 HARDMAN STREET, MANCHESTER, UNITED KINGDOM, M3 3AA 00303062 2018-09-30 26,000,000 24,000,000
WALSINGHAM CAPITAL LIMITED 66 ST. JAMES'S, 4TH FLOOR, LONDON, ENGLAND, SW1A 1NE 09392397 2017-03-31 8,357,785 0
ANCHORHOLDS LIMITED 118 COLUMBIA AVENUE, LIVINGSTON, WEST LOTHIAN, EH54 6PT SC468481 2018-03-31 86,377 0 64302-Activities of unit trusts
64304-Activities of open-ended investment companies
69201-Accounting and auditing activities
AURELIUS FINANCE COMPANY LIMITED 6TH FLOOR, 33 GLASSHOUSE STREET, LONDON, ENGLAND, W1B 5DG 10773394 2018-12-31 63,000 0
EDDLESTON INVESTMENT MANAGEMENT LIMITED 5 HOOKFIELD, EPSOM, SURREY, ENGLAND, KT19 8JQ 02100053 2018-12-31 40,124 0
LIFE TENANCY INVESTMENTS LIMITED 18 UPPER MALL, LONDON, UNITED KINGDOM, W6 9TA 10744662 2018-04-30 0 0 64304-Activities of open-ended investment companies
64306-Activities of real estate investment trusts
66300-Fund management activities
SPORT CAPITAL INVESTMENT LIMITED 11 ROSEMONT ROAD, HAMPSTEAD, LONDON, ENGLAND, NW3 6NG 09916500 2018-12-31 0 0
AXLE TOPCO LIMITED SUITE 11, STONE CROSS PLACE STONE CROSS LANE NORTH, LOWTON, WARRINGTON, ENGLAND, WA3 2SH 10223517 0000-00-00 0 0
BTL FAMILY COMPANY LIMITED MARLOW WINERY, PUMP LANE NORTH, MARLOW, ENGLAND, SL7 3RD 07875961 0000-00-00 0 0
CALEDONIA INVESTMENTS PLC CAYZER HOUSE, 30 BUCKINGHAM GATE, LONDON, ENGLAND, SW1E 6NN 00235481 0000-00-00 0 0
DOWNING ONE VCT PLC THE SHARD, C/O FORESIGHT GROUP, 32 LONDON BRIDGE STREET, LONDON, ENGLAND, SE1 9SG 03150868 0000-00-00 0 0
DUNEDIN ENTERPRISE INVESTMENT TRUST PLC 2ND FLOOR EASTER DALRY HOUSE, 3 DISTILLERY LANE, EDINBURGH, UNITED KINGDOM, EH11 2BD SC052844 0000-00-00 0 0
FORESIGHT SOLAR & TECHNOLOGY VCT PLC FORESIGHT GROUP LLP, THE SHARD, 32 LONDON BRIDGE STREET, LONDON, SE1 9SG 07289280 0000-00-00 0 0
HORIZON CAPITAL 2013 GENERAL PARTNER LIMITED 50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJ SC426395 0000-00-00 0 0
LAST MILE INFRASTRUCTURE (HOLDINGS) LIMITED KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF 11626661 0000-00-00 0 0
LAST MILE INFRASTRUCTURE GROUP LIMITED KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF 11534385 0000-00-00 0 0
LAST MILE INFRASTRUCTURE HOLDCO1 LIMITED KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF 11614308 0000-00-00 0 0
LAST MILE INFRASTRUCTURE HOLDCO2 LIMITED KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF 11616387 0000-00-00 0 0
MIDWINTER CAPITAL LIMITED 1 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4N 7AR 11574427 0000-00-00 0 0
SHARVILLE INVESTMENTS LTD ARGYLE HOUSE 3RD FLOOR, NORTHSIDE, JOEL STREET, NORTHWOOD HILLS, MIDDLESEX, ENGLAND, HA6 1NW 11478733 0000-00-00 0 0 64304-Activities of open-ended investment companies
ST JAMES PARK LIMITED 3 HAWTHORN AVENUE, WILMSLOW, CHESHIRE, ENGLAND, SK9 5BR 11988938 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
GRIT INVESTMENT TRUST PLC 0.9% 3.6% 7.1% Medium
Other companies Active in the same sector 1.5% 6.7% 18.5% Medium
Age 0.4% 1.7% 3.3% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium

VALUATION (BETA)




Valuation ratios as at 2024-02-28


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
GRIT INVESTMENT TRUST PLC 250,000
Closed End Investments
( 209 companies)
118,782,930,000 118,858,825,720 11.0
(median)
10.6
(median)
0.7
(median)
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