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Gem Lets Ltd

09895439

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
20/30
Financial
30/40
Risk
  • 7 outstanding charges (-10)

Details

12 WESTFIELD AVENUE, NEWCASTLE UPON TYNE, NE3 4YH
Incorporated 01/12/2015

Compliance

Last accounts

31/12/2024

micro entity

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 03/12/2025

Due 17/12/2026

On track

Industry

68100
Buying and selling of own real estate
68201
Renting and operating of Housing Association real estate
68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Christopher Gemmell

secretary · Since 01/12/2015

Mr Christopher Andrew Gemmell

director · Since 01/12/2015

ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 37

Also on 2 other boards

Dr Sunita Gemmell

director · Since 01/12/2015

DOCTOR

BRITISH · UNITED KINGDOM · Age 37

Persons with Significant Control

Mr Christopher Andrew Gemmell

25–50% shares

British · United Kingdom · Age 37

12, Westfield Avenue, Newcastle Upon Tyne, NE3 4YH

Notified 03/12/2016

Dr Sunita Gemmell

25–50% shares

British · United Kingdom · Age 37

12, Westfield Avenue, Newcastle Upon Tyne, NE3 4YH

Notified 03/12/2016

Charges7 outstanding

Charge
outstanding

PARAGON BANK PLC

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outstanding

THE MORTGAGE LENDER LIMITED

Created 10/02/2023Registered 15/02/2023
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES

Created 07/05/2021Registered 10/05/2021
Charge
outstanding

PARAGON BANK PLC

Created 30/07/2018Registered 01/08/2018
Charge
outstanding

ONESAVINGS BANK PLC

Created 04/01/2018Registered 04/01/2018
Charge
outstanding

PARAGON BANK PLC · PARAGON MORTGAGES (2010) LIMITED

Created 02/12/2016Registered 02/12/2016
Charge
outstanding

PARAGON BANK PLC

Created 02/12/2016Registered 02/12/2016
Charge
satisfied

ONE SAVINGS BANK PLC T/A KENT RELIANCE

Created 15/07/2016Registered 19/07/2016

CompanyRankvs 30846+ SIC 68100 peers
51

Financial strength82th percentile among SIC peers · 21/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.29× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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30846Gem Lets Ltd
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How is this score calculated?
Financial strength21/25 pts

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

Employees12/15 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.

Longevity11/15 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£74k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£181k

Working capital

Current Assets

£75k

Current Liabilities

£256k

Fixed Assets

£1.7M

2avg. employees

Balance Sheet

Assets less current liabilities£1.5M
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.29+£33k
20230.09-£668
20220.23+£18k
20210.11+£20k
20200.17+£2k
20190.07-£3k
20180.05—

Derived from filed accounts. Not audited figures.