GMI RECYCLING LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements, which indicates that the Company has net liabilities of £18,290 as at 31 December 2024. Please refer to accounting policy 2.2 of these financial statements for further information in respect of the preparation of the financial statements on a going concern basis. Our opinion is not modified in respect of this matter. Notwithstanding that the Company has net liabilities of £18,290 as at 31 December 2024, the financial statements have been prepared on a going concern basis.

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

  —

  Not reported

• Cash

  +153.7%

  £1,082 → £2,745

  highest in 6 filed years

• Net assets

  -24.3%

  -£14,713 → -£18,290

  lowest in 6 filed years

• Employees

  0%

  1 → 1

• Operating profit

  -37.6%

  -£2,599 → -£3,577

  lowest in 6 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

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.

1. GMI RECYCLING LIMITED 2012-02-07 → present
2. MACHINEX EUROPE LIMITED 2012-01-23 → 2012-02-07

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Kreston Reeves LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements, which indicates that the Company has net liabilities of £18,290 as at 31 December 2024. Please refer to accounting policy 2.2 of these financial statements for further information in respect of the preparation of the financial statements on a going concern basis. Our opinion is not modified in respect of this matter. Notwithstanding that the Company has net liabilities of £18,290 as at 31 December 2024, the financial statements have been prepared on a going concern basis.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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