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Grit Real Estate Income Group Limited (GR1T): Lender support and restructuring

This situation live

GR1T Grit Real Estate Income Group Limited

£32m · 6.2p · +0% since the first step
Balance-sheet stress / refinancing
Lender support and restructuring
Conditional lender support; accounts unpublished
Next: Lender agreement on liquidity, covenants and transaction milestones
Every step · 2
  1. 26 Oct 2026 Conditional lender support; accounts unpublished – If the necessary arrangements cannot be maintained or the proposed transactions do not proceed, the Group may be required to consider alternative... ↗
  2. 26 Oct 2026 Conditional lender support; accounts unpublished – If the necessary arrangements cannot be maintained or the proposed transactions do not proceed, the Group may be required to consider alternative... ↗

What is happening

Grit Real Estate Income Group Limited: Lender support and restructuring – Conditional lender support; accounts unpublished. ['Conditional lender support; accounts unpublished']

In short
Lenders have supported the Group with maturity extensions, standstills, working capital and covenant condonements, but support is conditional. Audited results for the 18 months to 31 December 2025 and the interims to 30 June 2026 are unpublished, and trading in the shares is suspended. On 26 Oct 2026 the Board saw extremely limited recovery for ordinary shareholders.
Announced
26 Oct 2026 · Conditional lender support; accounts unpublished
Latest
26 Oct 2026 · Conditional lender support; accounts unpublished
Lender support
Maturity, standstill, working capital and covenant condonement arrangements; conditional, not unconditional
Reporting
18-month audited results and 30 June 2026 interims not published
Shareholder view
Board considers prospects of any recovery for ordinary shareholders extremely limited
Advisers
Chief Restructuring Officer appointed; legal and financial advisers engaged

What comes next

Lender agreement on liquidity, covenants and transaction milestones.

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Also at Grit Real Estate Income Group Limited 2 open
Takeover targetDevelopment platform disposal – Binding offer accepted; terms under discussion Disposal of a part (break-up)Remaining property portfolio disposal – Preferred acquirer; due diligence largely complete Insider conviction1 director buying – £16k in 1 buy · closed Grit Real Estate Income Group Limited – company page →

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