GASREC LTD

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

  +19.9%

  £47,376,000 → £56,785,000

• Cash

  +11.7%

  £5,238,000 → £5,853,000

• Net assets

  +0.1%

  £18,607,000 → £18,632,000

• Employees

  +4.2%

  48 → 50

• Operating profit

  +144%

  -£813,000 → £358,000

• Profit before tax

  +102.3%

  -£1,077,000 → £25,000

• Wages

  +14.2%

  £3,874,000 → £4,426,000

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and consider it appropriate to prepare the financial statements on the basis that the company is a going concern. The directors have given careful consideration to trading and funding forecasts to the end of June 2026 based on leveraging existing assets and deploying new stations where existing purchase commitments exist, including a review of risks, uncertainties and downside sensitivities.”

Significant events

• “Gas volumes sold increased 6% in 2024 supported by the installation of 2 new stations.”
• “Revenues derived from the sale of Renewable Transport Fuel Certificates (RTFC) increased to £25,230,000 as RTFC prices started to recover during 2024.”
• “2024 also saw the introduction of distinct customer charging for Biomethane which resulted in additional margin.”
• “In May 2024 the reciprocal trade loan facility provided by the principal banking partner was increased from £5m to £10m.”
• “During 2024 the company secured £3.3m of new ECA funding to support the purchase of new station equipment, and £0.8m of this funding was drawn in 2024.”

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

Filings

10

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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.