GULMAY LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -14.5%

  £15,554,925 → £13,302,843

• Cash

  +160.9%

  £133,695 → £348,860

• Net assets

  +10.9%

  £4,960,598 → £5,499,617

• Employees

  -5.2%

  96 → 91

• Operating profit

  -34.8%

  £592,198 → £385,904

• Profit before tax

  -35%

  £586,930 → £381,488

• Wages

  -4.9%

  £4,331,370 → £4,117,366

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Andrew Green LLB FCA (Senior Statutory Auditor) for and on behalf of THP Limited Chartered Accountants and Statutory Auditors

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date, the company made a profit after tax for the year of £539,019 and had net assets at that date of £5,499,617. The directors have prepared forecasts which take account of current economic conditions and determined that due to the strong balance sheet, cash position and continuing demand for the group's products the the company will be able to continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. Therefore, the financial statements have been prepared on a going concern basis.”

Group structure

1. GULMAY LIMITED · parent
   1. Gulmay Electronic Equipment (Shanghai) Co Ltd 100% · China · Sales and distribution
   2. West-Tek Limited 100% · England and Wales · Dormant

Significant events

• “The directors are disappointed with the reduction in turnover but given the challenging global economic market the company has been operating in, it is as expected. Pressure on the margin continued but the gross profit margin was maintained and slightly improved at 32.4% (2024 31.8%).”
• “The company mitigates the risk by supplying a variety of markets whereby often if one sector is slowing, another is growing.”
• “The company has seen a slight improvement on increases in the cost and availability of purchased materials although price pressures continue.”
• “The company continues to be impacted by the rising cost of utilities.”
• “The company has seen an improvement in supply chain shortages, particularly with regards to electronic components.”
• “The Ukraine crisis has also given rise to an increase in commodity pricing, especially for materials such as steel and copper where sanctions have been applied to the producers in the Russian federation.”
• “Some materials continue to be on extended lead-times, especially semi-conductors and high-voltage electrical components, and these will continue to be mitigated by holding increased inventory levels.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.