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Gm Smart Systems Ltd

10487288

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

104 WESTFIELD, HARLOW, CM18 6AQ
Incorporated 18/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation
80200
Security systems service activities

Officers

Alina Macovei

secretary · Since 18/11/2016

Mr George Macovei

director · Since 18/11/2016

AV ENGINEER

ROMANIAN · ENGLAND · Age 40

Also on 1 other board

Mr Ioan Ciprian Stefu

director · Since 02/02/2017

ELECTRICIAN

ROMANIAN · ENGLAND · Age 45

Also on 2 other boards

Persons with Significant Control

Mr George Macovei

25–50% shares
25–50% votes

Romanian · England · Age 40

104 Westfield, Harlow, CM18 6AQ

Notified 18/11/2016

Mr Ioan Ciprian Stefu

25–50% shares
25–50% votes

Romanian · England · Age 45

43, Railway Square, Brentwood, CM14 4LW

Notified 12/03/2020

Former PSCs

Mrs Alina Florentina Macovei

Ceased 12/03/2020

CompanyRankvs 34796+ SIC 43210 peers
25

Financial strength1th percentile among SIC peers · 0/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.11× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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34796Gm Smart Systems Ltd
34
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.

Employees8/15 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.

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

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 30/11/2024

Net Worth

-£140k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£127k

Working capital

Current Assets

£16k

Current Liabilities

£143k

Fixed Assets

£27k

Debtors

£12k

2avg. employees

Tax at Year End

Corp tax£42k
VAT£72k

Director Loans

Company owes directors£11k

Balance Sheet

Assets less current liabilities-£99k
Signed by Mr George Macovei 06/03/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.11+£0£1.4M
20240.11-£4k£1.4M
20230.11—£1.3M

Derived from filed accounts. Not audited figures.