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Global Maritime Engineering Services Limited

10038424

active
Private Limited Company
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

UNIT 3, BRIDGEND BUSINESS CENTRE BENNETT STREET, BRIDGEND, CF31 3SH
Incorporated 02/03/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Mr Ben David Dommett

director · Since 02/03/2016

MARINE ENGINEER

BRITISH · WALES · Age 63

Also on 6 other boards

Persons with Significant Control

Gme Holdings Limited

75–100% shares
75–100% votes

Unit 3, Bridgend Business Centre, Bennett Street, Bridgend, CF31 3SH

Reg: 11243455 · Engalnd And Wales · Company Limited By Shares

Notified 19/03/2018

Former PSCs

Mr Ben David Dommett

Ceased 19/03/2018

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 19/02/2024Registered 22/02/2024
Charge
satisfied

HSBC UK BANK PLC

Created 10/03/2020Registered 11/03/2020Satisfied 04/03/2026
Charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED

Created 07/10/2019Registered 07/10/2019
Charge
outstanding

HSBC UK BANK PLC

Created 08/01/2019Registered 28/01/2019
Charge
satisfied

ULTIMATE INVOICE FINANCE LTD

Created 20/10/2016Registered 21/10/2016Satisfied 12/09/2019

CompanyRankvs 2220+ SIC 71129 peers
61

Financial strength98th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.59× · 16/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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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.

Liquidity16/20 pts

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

Longevity10/15 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 director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£26.4M

Annual revenue

Net Worth

£1.8M

Balance sheet strength

Cash

£875k

Cash in the bank

Profit Before Tax

£1.9M

Bottom line earnings

Net Current Assets

£3.3M

Working capital

Current Assets

£8.8M

Current Liabilities

£5.5M

Fixed Assets

£844k

Debtors

£7.7M

Cost of Sales

£22.7M

Gross Profit

£3.7M

Admin Expenses

£1.7M

Operating Profit

£2.0M

Profit After Tax

£1.3M

288avg. employees+163

Tax at Year End

Corp tax£359k
VAT£845k
Dividends paid£464k

Director Loans(2023)

Company owes directors£560

People Costs

Wages & salaries£16.3M
NI contributions£479

Balance Sheet

Bank loans & overdrafts£50k
Assets less current liabilities£4.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.59+£871k£16.9M
20231.59-£193k£14.5M
20212.51+£85k£2.8M
20202.90-£399k£2.4M
20191.97-£418k
20181.59£4.0M

Derived from filed accounts. Not audited figures.