GF FINANCIAL MARKETS (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-15 (in 1y)
Last made up 2026-05-01
Watchouts
Cash
£160M
USD 214,073,000
+34.6% vs 2023
Net assets
£86M
USD 114,534,000
+11.7% vs 2023
Employees
46
+9.5% vs 2023
Profit before tax
£12M
USD 15,815,000
+26.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £15,174,553 | £19,073,036 | |
| Operating profit | £1,080,212 | £1,906,257 | |
| Profit before tax | £9,341,407 | £11,822,531 | |
| Net profit | £7,070,345 | £8,895,866 | |
| Cash | £118,918,293 | £160,030,650 | |
| Total assets less current liabilities | £112,845,930 | £159,387,008 | |
| Net assets | £76,674,890 | £85,620,094 | |
| Equity | £76,674,890 | £85,620,094 | |
| Average employees | 42 | 46 | |
| Wages | £4,526,426 | £5,419,750 | |
| Directors' remuneration | £479,181 | £630,934 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+25.7%
£15,174,553 £19,073,036
-
Cash
+34.6%
£118,918,293 £160,030,650
-
Net assets
+11.7%
£76,674,890 £85,620,094
-
Employees
+9.5%
42 46
-
Operating profit
+76.5%
£1,080,212 £1,906,257
-
Profit before tax
+26.6%
£9,341,407 £11,822,531
-
Wages
+19.7%
£4,526,426 £5,419,750
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 7.1% | 10.0% | |
| Net margin | 46.6% | 46.6% | |
| Return on capital employed | 1.0% | 1.2% | |
| Gearing (liabilities / total assets) | 70.5% | 74.9% | |
| Current ratio | 1.74x | 1.86x | |
| Interest cover | 0.28x | 0.43x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 5 times since incorporation
- GF FINANCIAL MARKETS (UK) LIMITED 2013-07-26 → present
- NATIXIS COMMODITY MARKETS LIMITED 2007-04-20 → 2013-07-26
- NATEXIS COMMODITY MARKETS LIMITED 2005-01-04 → 2007-04-20
- NATEXIS METALS LIMITED 2001-06-15 → 2005-01-04
- SOGEMIN METALS LIMITED 1990-05-15 → 2001-06-15
- SOGEMIN (METALS) LIMITED 1976-02-02 → 1990-05-15
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board has assessed the firm's financial obligations which fall within the next 12 months, including the continued availability of the facilities, from the date the accounts are approved, and has concluded that the firm has more than adequate liquidity to meet these as they fall due, and sufficient capital to comply with its ongoing regulatory requirements. Further, the Board has reassessed whether there are material uncertainties of the firm's ability to continue as a going concern under the current economic environment and have concluded for the 12 months following the signing of these financial statements that the firm remains a going concern.”
Significant events
- “Despite initial concerns about a global slowdown in early 2024, sustained demand in commodity markets and strategic client diversification supported revenue growth. The Company's revenue reached $25.5m (2023: $20.3m), reflecting improved market conditions. The Federal Reserve cut interest rates in Q3 and Q4 2024, aligned with market expectations. The Company's net interest income reached $13.3m (2023: $11.1m). Drivers to this increase include a higher own funds base from retained profits and new client onboarding during the year, together with a higher average US dollar interest rate in 2024 compared to 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 57 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAI, Mei | Director | 2026-01-07 | Jan 1980 | Chinese |
| FORGHAM, Matthew Russell | Director | 2020-02-06 | Feb 1964 | British |
| HUANG, Junming | Director | 2020-05-26 | May 1983 | Chinese |
| LIU, Boya | Director | 2016-07-27 | Jun 1978 | Chinese |
| LIU, Shuanghong | Director | 2026-04-23 | Jul 1980 | Chinese |
| SHI, Shaohui | Director | 2013-10-25 | May 1967 | British |
| XU, Yanwei | Director | 2025-04-24 | Feb 1982 | Chinese |
Show 57 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAINS, Tina | Secretary | 1998-07-01 | 2000-12-29 |
| COORAY, Dilrukshi | Secretary | 2022-12-14 | 2025-07-07 |
| KELLY, Robert William | Secretary | 1997-05-31 | 1998-06-30 |
| MIALL, Philip John | Secretary | — | 1997-05-30 |
| PENNEY, Adrian Paul | Secretary | 2000-12-29 | 2022-12-14 |
| ABOUT, Stephane Jean-Pierre Marie | Director | 2009-04-20 | 2013-07-22 |
| ALLARD, Olivier Jacques Pierre | Director | 2012-10-04 | 2013-07-22 |
| AUBERGER, Luc-Emmanuel | Director | 2010-10-20 | 2013-07-22 |
| BLUNDELL, David Charles | Director | — | 1995-07-12 |
| BRIDEL, Claire Marie Michel | Director | 2011-02-09 | 2012-04-30 |
| BUR, Etienne | Director | 2008-03-19 | 2009-05-27 |
| CAEYMAEX, Thierry Paul Andre Marie | Director | 1995-07-05 | 2000-10-26 |
| CASASSA, Francois | Director | 2000-10-26 | 2009-04-08 |
| CENTNER, Thiery Gerard | Director | — | 1995-07-05 |
| CHANG, Jiu | Director | 2016-07-27 | 2019-08-23 |
| CHAREYRE, Pierre | Director | — | 1997-03-18 |
| CHEMLA, Laurent Albert | Director | 2005-11-07 | 2009-01-29 |
| CHERIF, Taoufik | Director | 2008-03-19 | 2013-07-22 |
| DE BONVOISIN, Herve | Director | 2000-10-26 | 2005-03-01 |
| DE PRET, Arnold Alfred Marie | Director | 1997-03-18 | 2000-10-26 |
| DENAIN, Pierre-Henri | Director | 2009-09-16 | 2013-07-22 |
| DENG, Hui | Director | 2013-07-25 | 2016-08-24 |
| DUBARRY, Danielle Francisca Marie | Director | 2001-03-05 | 2006-06-08 |
| FERY, Catherine | Director | 2000-10-26 | 2002-05-23 |
| FRAISSE, Dominique Francois Marie | Director | 2004-12-01 | 2009-04-30 |
| FRICQUEGNON, Philippe Jacques Bernard | Director | 2005-03-01 | 2008-12-15 |
| GAFFET, Bertrand | Director | 2000-10-26 | 2003-02-26 |
| GARABIGE, Brigitte Antoinette Marie | Director | 2006-05-02 | 2008-03-20 |
| GERVAIS, Gerard | Director | 2000-10-26 | 2004-12-10 |
| GOOCH, Andrew William | Director | 2007-10-08 | 2017-06-15 |
| GORNALL, David Anthony | Director | 2000-10-26 | 2009-04-30 |
| GRYNBERG, Marc | Director | 2000-10-26 | 2003-08-05 |
| JACCARINI, Jean Marie | Director | 2001-03-05 | 2004-12-10 |
| JACKMAN, David | Director | — | 2001-02-28 |
| JEVONS, Philip Mark Sebastian | Director | 2000-10-26 | 2001-07-27 |
| KELLY, Robert William | Director | — | 1998-06-30 |
| LEIGHTON, Robert Smith | Director | 2010-10-20 | 2019-10-31 |
| LESCAR, Erik | Director | 2000-10-26 | 2004-03-12 |
| LEYSEN, Thomas Andre | Director | 1995-07-05 | 2000-10-26 |
| LEYSEN, Thomas Andre | Director | — | 1993-10-08 |
| LOCQUET, Didier | Director | 2000-10-26 | 2009-11-05 |
| LUO, Mansheng | Director | 2022-03-29 | 2025-11-12 |
| MANNERS, David Neil | Director | — | 2002-07-12 |
| MARTIN, Bruno Roger Jacques | Director | 2009-07-15 | 2011-12-31 |
| MOSER, Michel Jacques Bernard | Director | 1993-10-08 | 2003-08-05 |
| PENNEY, Adrian Paul | Director | 2012-01-11 | 2023-04-30 |
| PRATT, Martin Joel | Director | 2004-12-01 | 2006-07-03 |
| RUSSO, Jean Michel Emmanuel | Director | 2004-12-01 | 2008-03-20 |
| SAWBRIDGE, Edward Henry Ewen | Director | 2000-10-26 | 2011-01-31 |
| SCHATZ, Olivier Michel Jean Pierre | Director | 2003-08-05 | 2009-02-27 |
| VEYS, Pascal Louis Yvonne | Director | — | 1995-07-05 |
| WAREBORN, Henrik Sven Gunnar | Director | 2011-10-12 | 2013-07-22 |
| WILSON, Thomas Randall | Director | 2006-05-02 | 2008-02-08 |
| XIAO, Cheng | Director | 2013-07-25 | 2015-06-24 |
| YE, Mei | Director | 2013-07-25 | 2016-08-25 |
| ZHANG, Wei | Director | 2023-10-13 | 2026-03-31 |
| ZHAO, Guiping | Director | 2015-08-03 | 2021-10-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 3163 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-10 MA Memorandum articles
- 2023-01-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-08-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-19 | CH01 | officers | Change person director company with change date | |
| 2023-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-10 | MA | incorporation | Memorandum articles | |
| 2023-01-10 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.