OPEN GRID SYSTEMS LIMITED Financials
- Company number
- SC372880CopyCopy
- Registered office
- 18 Bothwell St., Floors 1 And 3, Glasgow G2 6NU
- Incorporated
- 11/02/2010
Company snapshot
- Status
- Active
- Employees
- 15 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-69.91%vs 20242024: £1.90M
Total Assets
44.27%vs 20242024: £2.35M
Cash in Bank
59.84%vs 20242024: £1.92M
Total Liabilities
526.03%vs 20242024: £449.30K
Employees
+2vs 20242024: 13
In 2025, OPEN GRID SYSTEMS LIMITED reported net assets of £570.49K. The same filing shows total assets of £3.38M, cash in bank of £3.06M and total liabilities of £2.81M. Reported headcount was 15 in 2025. Total Liabilities rose from £449.30K in 2024 to £2.81M in 2025 (526.03%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-69.91%from £1.90M in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures OPEN GRID SYSTEMS LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-35.4%vs 2023-19.6% a year compound (CAGR)
Cash in Bank
+635%vs 2023+171% a year compound (CAGR)
Total Assets
+254%vs 2023+88.1% a year compound (CAGR)
Total Liabilities
+3699%vs 2023+516% a year compound (CAGR)
Employees
+66.7%vs 2023+6Biggest increase
Total Liabilities+3699%
£74.04K in 2023 to £2.81M in 2025
Biggest decrease
Net Assets-35.4%
£882.69K in 2023 to £570.49K in 2025
OPEN GRID SYSTEMS LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from OPEN GRID SYSTEMS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 16.86%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 83.14%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 108.89%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 90.53%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for OPEN GRID SYSTEMS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 367.43K | 575.76K | 882.69K | 1.90M | 570.49K |
| Total Assets£ | 409.10K | 912.97K | 956.73K | 2.35M | 3.38M |
| Cash in Bank£ | – | – | 416.97K | 1.92M | 3.06M |
| Total Liabilities£ | 41.68K | 337.21K | 74.04K | 449.30K | 2.81M |
| Employees | 5 | 6 | 9 | 13 | 15 |
OPEN GRID SYSTEMS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for OPEN GRID SYSTEMS LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
OPEN GRID SYSTEMS LIMITED reported net assets of £570.49K for 2025. That compares with £1.90M in 2024, a change of -69.91%.
OPEN GRID SYSTEMS LIMITED reported total assets of £3.38M for 2025. That compares with £2.35M in 2024, a change of 44.27%.
OPEN GRID SYSTEMS LIMITED reported cash in bank of £3.06M for 2025. That compares with £1.92M in 2024, a change of 59.84%.
OPEN GRID SYSTEMS LIMITED reported 15 employees in 2025, compared with 13 in 2024.
Between 2023 and 2025, OPEN GRID SYSTEMS LIMITED's net assets fell by 35.4%, cash in bank rose by 635%, total assets rose by 254% and total liabilities rose by 3699%. Net assets contracted at 19.6% a year across the two years to 2025, from £882.69K to £570.49K. Reported headcount went from 9 in 2023 to 15 in 2025 (+6).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.