Gen3 Systems Limited
04639449
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 16/01/2026
Due 30/01/2027
Industry
Officers
director · Since 16/01/2003
PRESIDENT
BRITISH · UNITED KINGDOM · Age 75
Also on 1 other board
director · Since 04/01/2011
NONE
BRITISH · UNITED KINGDOM · Age 76
Also on 2 other boards
Persons with Significant Control
Graham Kirk Naisbitt
British · United Kingdom · Age 75
Unit B2, Armstrong Mall, Farnborough, GU14 0NR
Notified 06/04/2016
Linda Ann Naisbitt
British · United Kingdom · Age 76
Unit B2, Armstrong Mall, Farnborough, GU14 0NR
Notified 22/11/2019
Former PSCs
Mr Arthur William Naisbitt
Ceased 17/08/2017
Charges1 outstanding
INDUSTRIOUS NOMINEE SUMMIT CENTRE FARNBOROUGH 1 LIMITED AND INDUSTRIOUS NOMINEE SUMMIT CENTREFA
CompanyRankvs 52+ SIC 26512 peers66
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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
Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Presentation currency The accounts are presented in £ sterling, and rounded to the nearest £. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 31/12/2024
Net Worth
£1.4M
Balance sheet strength
Cash
£779k
Cash in the bank
Net Current Assets
£1.3M
Working capital
Current Assets
£1.7M
Current Liabilities
£416k
Fixed Assets
£387k
Debtors
£363k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 4.11 | -£414k | £65k |
| 2023 | 4.57 | +£45k | — |
| 2022 | 5.80 | +£461k | — |
| 2021 | 4.76 | — | — |
Derived from filed accounts. Not audited figures.