GLOBAL MERCHANDISING SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-08
Overdue
Watchouts
Cash
£11M
-56.5% lowest in 5 filed years
Net assets
£26M
+30% vs 2023
Employees
119
+9.2% highest in 5 filed years
Profit before tax
£7M
+27.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-08.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £137,491,659 | £147,256,937 | |
| Operating profit | — | — | — | — | £6,048,205 | £6,755,972 | |
| Profit before tax | — | — | — | — | £5,587,210 | £7,104,160 | |
| Net profit | £4,301,734 | £4,847,843 | £3,341,671 | — | £4,055,774 | £5,474,481 | |
| Cash | £11,471,334 | £13,466,100 | £18,104,558 | — | £24,192,373 | £10,518,771 | |
| Total assets less current liabilities | £25,786,921 | — | — | — | £19,640,680 | £25,529,311 | |
| Net assets | £25,756,351 | £28,653,839 | £31,607,510 | — | £19,630,583 | £25,520,966 | |
| Equity | £25,756,351 | — | — | £31,035,965 | £19,630,583 | £25,520,966 | |
| Average employees | 63 | 31 | 33 | — | 109 | 119 | |
| Wages | £2,866,003 | £2,306,192 | £2,312,770 | — | £11,406,308 | £13,023,576 | |
| Directors' remuneration | — | — | — | — | £1,057,425 | £1,116,457 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+7.1%
£137,491,659 £147,256,937
-
Cash
-56.5%
£24,192,373 £10,518,771
lowest in 5 filed years
-
Net assets
+30%
£19,630,583 £25,520,966
-
Employees
+9.2%
109 119
highest in 5 filed years
-
Operating profit
+11.7%
£6,048,205 £6,755,972
-
Profit before tax
+27.2%
£5,587,210 £7,104,160
-
Wages
+14.2%
£11,406,308 £13,023,576
highest in 5 filed years
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 4.4% | 4.6% | |
| Net margin | — | — | — | — | 2.9% | 3.7% | |
| Return on capital employed | — | — | — | — | 30.8% | 26.5% | |
| Current ratio | — | — | — | — | 1.53x | 1.77x | |
| Interest cover | — | — | — | — | 17.81x | 8.14x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MGR Weston Kay LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- GLOBAL MERCHANDISING SERVICES LIMITED · parent
- Global Merchandising Services Inc 100%
- Global Merchandising Services GmbH 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CASS, Michael Trevor | Director | 2019-08-21 | Jan 1960 | British |
| DRINKWATER, Barry Michael | Director | 2008-04-24 | Jun 1955 | British |
| LINDSTROM, Gilbert Benny | Director | 2013-11-18 | Mar 1974 | Swedish |
| NAJEEB, Aky | Director | 2008-12-03 | May 1959 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DRINKWATER, Karin Agneta | Secretary | 2008-04-24 | 2008-12-03 |
| STONE, Colin Edward | Secretary | 2008-12-03 | 2020-03-11 |
| MEAD, Kevin Thomas John | Director | 2008-12-22 | 2017-06-30 |
| STONE, Colin Edward | Director | 2008-08-01 | 2020-03-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Barry Michael Drinkwater | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Active |
| Karin Agneta Drinkwater | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 242 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | CH01 | officers | Change person director company with change date | |
| 2026-03-30 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-30 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-19 | AA | accounts | Accounts with accounts type group | |
| 2025-08-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-10 | CH01 | officers | Change person director company with change date | |
| 2025-04-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-16 | AA | accounts | Accounts with accounts type group | |
| 2024-12-03 | ANNOTATION | miscellaneous | Legacy | |
| 2024-08-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.