Gel Engineering Limited
08032283
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
Accounts
Confirmation statement
Industry
Officers
director · Since 16/04/2012
DIRECTOR
BRITISH · ENGLAND · Age 39
Also on 3 other boards
director · Since 01/06/2016
DIRECTOR
IRISH · ENGLAND · Age 41
Also on 1 other board
Persons with Significant Control
Mr Lee Colston Andrews
British · England · Age 39
Suite 62,, The Wenta Business Centre, Enfield, EN3 7XU
Notified 06/04/2016
Mr Oisin Henry Gibson
Irish · England · Age 41
Suite 62,, The Wenta Business Centre, Enfield, EN3 7XU
Notified 06/04/2016
Hartex Ltd
Silver Rose, East Lodge Lane, Enfield, EN2 8AS
Reg: 9874625 · England · Limited Company
Notified 06/04/2016
L C Andrews Ltd
Silver Rose, East Lodge Lane, Enfield, EN2 8AS
Reg: 9124950 · England · Limited Company
Notified 06/04/2016
Former PSCs
Mr Gly Eric Weeks
Ceased 30/09/2024
13g Engineering Ltd
Ceased 30/09/2024
Charges1 outstanding
13G ENGINEERING LIMITED
DAVID EVANS
BARCLAYS SECURITY TRUSTEE LIMITED
CompanyRankvs 273+ SIC 43290 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
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect
Key FinancialsYear ending 31/05/2024
Turnover
£26.5M
Annual revenue
Net Worth
£5.8M
Balance sheet strength
Cash
£2.3M
Cash in the bank
Profit Before Tax
£2.2M
Bottom line earnings
Net Current Assets
£7.0M
Working capital
Current Assets
£12.0M
Current Liabilities
£5.0M
Fixed Assets
£2.3M
Debtors
£9.6M
Cost of Sales
£20.6M
Gross Profit
£5.9M
Admin Expenses
£3.7M
Operating Profit
£2.2M
Profit After Tax
£2.1M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.40 | +£869k |
| 2023 | 1.73 | +£3.3M |
| 2022 | 1.63 | +£441k |
| 2021 | 1.63 | +£552 |
| 2020 | 1.49 | +£777k |
| 2019 | 2.02 | — |
Derived from filed accounts. Not audited figures.