Gerry`S Offshore Incorporations Limited
05192827
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Charges1 outstanding
HBL BANK UK LIMITED
HSBC UK BANK PLC
EAST HOMES LIMITED
HSBC BANK PLC
CompanyRankvs 11045+ SIC 56102 peers27
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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
not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities, and the responsibilities of the directors, with respect to going con
Key FinancialsYear ending 30/06/2024
Turnover
£21.3M
Annual revenue
Net Worth
-£9.2M
Balance sheet strength
Cash
£288k
Cash in the bank
Net Current Assets
-£7.4M
Working capital
Current Assets
£5.0M
Current Liabilities
£12.4M
Fixed Assets
£2.5M
Debtors
£4.4M
Cost of Sales
£5.7M
Gross Profit
£15.6M
Admin Expenses
£16.1M
Operating Profit
-£492k
Profit After Tax
-£928k
Tax at Year End(2020)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.40 | +£0 |
| 2024 | 0.40 | -£928k |
| 2023 | 0.43 | -£9.7M |
| 2022 | 0.69 | -£1.4M |
| 2021 | 1.21 | +£1.2M |
| 2020 | 1.80 | -£192k |
| 2019 | 0.98 | +£43k |
| 2018 | 1.13 | — |
Derived from filed accounts. Not audited figures.