Gelstar Limited
07407260
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr. Engin Ertosun
British · England · Age 49
Kalamu House, 11 Coldbath Square, London, EC1R 5HL
Notified 04/04/2020
Mr Osman Ertosun
British · England · Age 59
Kalamu House, 11 Coldbath Square, London, EC1R 5HL
Notified 04/04/2020
Former PSCs
Mr. Rusen Ertosun
Ceased 03/04/2020
Mrs. Zarif Ertosun
Ceased 04/04/2020
Charges3 outstanding
SECURE TRUST BANK PLC
SECURE TRUST BANK PLC
SECURE TRUST BANK PLC
CompanyRankvs 5487+ SIC 41100 peers57
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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
we have not identified any 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 twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to g
Key FinancialsYear ending 31/03/2025
Net Worth
£12.0M
Balance sheet strength
Cash
£202k
Cash in the bank
Profit Before Tax
£1.8M
Bottom line earnings
Net Current Assets
£9.2M
Working capital
Current Assets
£10.8M
Current Liabilities
£1.6M
Fixed Assets
£16.3M
Debtors
£23k
Admin Expenses
£400k
Profit After Tax
£1.4M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 6.74 | +£1.4M |
| 2024 | 0.97 | +£145k |
| 2023 | 0.91 | — |
Derived from filed accounts. Not audited figures.