G S M Automotive Limited
04236571
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/07/2012
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 80
Also on 1 other board
director · Since 02/07/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 63
Also on 1 other board
director · Since 01/01/2024
CHIEF OPERATIONS OFFICER
BRITISH,SOUTH AFRICAN · ENGLAND · Age 46
Also on 1 other board
Persons with Significant Control
Mrs Frances Dodd
British · England · Age 80
Gsm Automotive Ltd, Avenue One, Witney, OX28 4BZ
Notified 31/05/2018
Former PSCs
Mr Barry John Dodd
Ceased 30/05/2018
Charges2 outstanding
LLOYDS BANK PLC
LLOYDS BANK PLC
GSM GROUP LIMITED
CompanyRankvs 127+ SIC 25990 peers69
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. In reaching this conclusion, we considered the directors' going concern assessment, including the company's
Key FinancialsYear ending 31/12/2024
Turnover
£12.6M
Annual revenue
Net Worth
£2.8M
Balance sheet strength
Cash
£482k
Cash in the bank
Profit Before Tax
-£18.3M
Bottom line earnings
Net Current Assets
£4.2M
Working capital
Current Assets
£7.9M
Current Liabilities
£3.8M
Fixed Assets
£540k
Debtors
£6.0M
Cost of Sales
£8.3M
Gross Profit
£4.3M
Admin Expenses
£8.7M
Operating Profit
-£1.8M
Profit After Tax
-£18.3M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.11 | +£0 |
| 2024 | 2.11 | -£18.3M |
| 2023 | 7.79 | — |
Derived from filed accounts. Not audited figures.