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Gemec Limited

09395933

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

UNIT 6 DEVONSHIRE BUSINESS PARK, BOREHAMWOOD, WD6 1NA
Incorporated 20/01/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42990
Construction of other civil engineering projects
43999
Specialised construction activities

Officers

Mr Vasileios Thomas

director · Since 20/01/2015

COMPANY DIRECTOR

GREEK · ENGLAND · Age 55

Mr Georgios Kafiris

director · Since 01/02/2015

COMPANY DIRECTOR

GREEK · GREECE · Age 68

Persons with Significant Control

Mr Vassilis Thomas

Significant control

Greek · England · Age 55

Unit 6 Devonshire Business Park, Chester Road, Borehamwood, WD6 1NA

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 23/05/2024Registered 05/06/2024
Charge
outstanding

HSBC UK BANK PLC

Created 28/05/2024Registered 05/06/2024

CompanyRankvs 482+ SIC 42990 peers
67

Financial strength100th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.2× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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482Gemec Limited
86
How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 pts

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

Longevity12/15 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

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 directors with respect to going concern are d

Key FinancialsYear ending 31/12/2025

Turnover

£26.0M

Annual revenue

Net Worth

£12.5M

Balance sheet strength

Cash

£8.5M

Cash in the bank

Profit Before Tax

£6.1M

Bottom line earnings

Net Current Assets

£12.3M

Working capital

Current Assets

£16.1M

Current Liabilities

£3.8M

Fixed Assets

£306k

Debtors

£7.6M

Cost of Sales

£18.0M

Gross Profit

£8.0M

Admin Expenses

£1.8M

Operating Profit

£6.1M

Profit After Tax

£4.6M

38avg. employees+6

Tax at Year End

Corp tax£1.2M
Dividends paid£1.0M

People Costs

Wages & salaries£1.6M
NI contributions£209k

Balance Sheet

Assets less current liabilities£12.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20254.20+£3.6M
20243.15+£4.3M
20232.42—

Derived from filed accounts. Not audited figures.