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Gh London Ground Handling Services Limited

08080734

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)

Details

249 CRANBROOK ROAD, ILFORD, IG1 4TG
Incorporated 23/05/2012

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 11/04/2025

Due 25/04/2026

Overdue

Industry

52230
Service activities incidental to air transportation

Officers

Paolo Zincone

director · Since 10/07/2012

COMPANY DIRECTOR

ITALIAN · ITALY · Age 65

Mr Gennaro Stephen Carcassa

director · Since 20/12/2022

DIRECTOR

BRITISH · ITALY · Age 62

Persons with Significant Control

Gpz Investments Ltd

50–75% shares

249, Cranbrook Road, Ilford, IG1 4TG

Reg: 12541569 · England · Limited Company

Notified 28/11/2022

Gh Italia Spa

25–50% shares

123, Via Delle Arti, Flumicino

Notified 30/12/2025

Former PSCs

Mr Vittorio Mazza

Ceased 23/02/2018

Mr Paolo Zincone

Ceased 28/11/2022

CompanyRankvs 7690+ SIC 52230 peers
36

Financial strength0th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.3× · 2/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

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 directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

-£7.5M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Profit Before Tax

-£1.2M

Bottom line earnings

Net Current Assets

-£7.4M

Working capital

Current Assets

£3.1M

Current Liabilities

£10.6M

Fixed Assets

£224k

Debtors

£1.9M

Cost of Sales

£21.7M

Admin Expenses

£2.3M

Profit After Tax

-£892k

769avg. employees-8

People Costs

Wages & salaries£13.7M

Balance Sheet

Intangible assets£0
Assets less current liabilities-£7.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.30-£892k
20230.38-£3.2M
20210.29+£291k
20200.27-£3.9M
201936.56-£490k
20180.69

Derived from filed accounts. Not audited figures.