GMI RECYCLING LIMITED
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Cash
£2.1k
-23.9% vs 2024
Net assets
-£21k
-14.1% lowest in 6 filed years
Employees
1
0% vs 2024
Profit before tax
—
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
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 £20,871 as at 31 December 2025. 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.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | -£1,896 | -£2,319 | -£2,371 | -£2,599 | -£3,577 | -£2,582 | +27.8% | |
| Profit before tax | — | — | — | — | — | — | — | |
| Net profit | -£1,896 | -£2,319 | -£2,371 | -£2,599 | -£3,577 | -£2,582 | +27.8% | |
| Cash | £2,371 | £2,040 | £681 | £1,082 | £2,745 | £2,090 | -23.9% | |
| Total assets less current liabilities | -£7,424 | -£9,743 | -£12,114 | -£14,713 | -£18,290 | -£20,871 | -14.1% | |
| Net assets | -£7,424 | -£9,743 | -£12,114 | -£14,713 | -£18,290 | -£20,871 | -14.1% | |
| Equity | -£7,424 | -£9,743 | -£12,114 | — | — | — | — | |
| Average employees | 0 | 1 | 1 | 1 | 1 | 1 | 0% | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | — | — | 1459.8% | 712.7% | 1080.3% | |
| Current ratio | — | — | — | 0.07x | 0.14x | 0.09x |
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 1 time since incorporation
- GMI RECYCLING LIMITED 2012-02-07 → present
- MACHINEX EUROPE LIMITED 2012-01-23 → 2012-02-07
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Kreston Reeves Audit 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 £20,871 as at 31 December 2025. 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.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PARE, Pierre | Director | 2012-01-23 | May 1960 | Canadian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLAN, Victor Julian Douglas | Secretary | 2012-01-23 | 2012-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Pierre Pare | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 39 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-21 | AA | accounts | Accounts with accounts type full | |
| 2025-12-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2021-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-07 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-08-09 | AA | accounts | Accounts with accounts type full | |
| 2021-06-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-06-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-22 | AA | accounts | Accounts with accounts type full | |
| 2019-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-23 | AA | accounts | Accounts with accounts type full | |
| 2018-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-08-20 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.