GEL ENGINEERING LIMITED
Get an alert when GEL ENGINEERING LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£548K
-76.6% lowest in 6 filed years
Net assets
£4.1M
-29% vs 2024
Employees
150
+16.3% highest in 6 filed years
Profit before tax
£1.7M
-24% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-05-31
| Metric | Trend | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 | 2025-05-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £6,851,720 | £11,979,245 | £18,268,104 | £22,594,901 | £26,633,856 | £27,265,463 | +2.4% | |
| Operating profit | — | — | — | £3,111,316 | £2,231,749 | £1,713,036 | -23.2% | |
| Profit before tax | £849,651 | £1,954,670 | £2,269,899 | £3,061,586 | £2,191,190 | £1,665,943 | -24% | |
| Net profit | £776,348 | £1,950,552 | £2,156,447 | £2,744,284 | £2,105,138 | £1,454,800 | -30.9% | |
| Cash | £871,308 | £1,472,529 | £1,855,949 | £1,997,392 | £2,342,918 | £548,172 | -76.6% | |
| Total assets less current liabilities | £2,362,469 | £3,278,484 | £4,841,051 | £7,692,047 | £9,365,268 | £5,478,822 | -41.5% | |
| Net assets | £1,148,322 | £1,148,874 | £1,589,962 | £4,496,186 | £5,797,643 | £4,119,174 | -29% | |
| Equity | £1,148,322 | £1,148,874 | £1,423,977 | £4,496,186 | £5,797,643 | £4,119,174 | -29% | |
| Average employees | 46 | 57 | 67 | 99 | 129 | 150 | +16.3% | |
| Wages | — | £2,340,791 | £2,711,358 | £3,956,945 | £4,676,578 | £6,312,641 | +35% | |
| Directors' remuneration | £25,454 | £26,679 | £28,425 | £50,224 | £75,346 | £78,157 | +3.7% |
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 | 2020-05-31 | 2021-05-31 | 2022-05-31 | 2023-05-31 | 2024-05-31 | 2025-05-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 13.8% | 8.4% | 6.3% | |
| Net margin | 11.3% | 16.3% | 11.8% | 12.1% | 7.9% | 5.3% | |
| Return on capital employed | — | — | — | 40.4% | 23.8% | 31.3% | |
| Gearing (liabilities / total assets) | — | — | — | 68.9% | 59.7% | 69.7% | |
| Current ratio | — | — | — | 1.73x | 2.48x | 1.39x | |
| Interest cover | — | — | — | 60.79x | 38.89x | 26.55x |
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
- Paul Winston Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”
Group structure
- GEL ENGINEERING LIMITED · parent
- Lowestoft Offshore Services Limited 60%
- Hydrofast Ltd 50.1%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDREWS, Lee Colston | Director | 2012-04-16 | Aug 1986 | British |
| EDWARDS, George Barrie | Director | 2025-10-01 | Jul 1990 | British |
| GIBSON, Oisin Henry | Director | 2016-06-01 | Feb 1985 | Irish |
| VELUPILLAI, Matthew James Ratnam | Director | 2024-11-28 | May 1990 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WEEKS, Glyn Eric | Director | 2014-07-09 | 2024-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gly Eric Weeks | Individual | Significant influence | 2016-04-06 | Ceased 2024-09-30 |
| 13g Engineering Ltd | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2024-09-30 |
| Mr Lee Colston Andrews | Individual | Significant influence | 2016-04-06 | Active |
| Mr Oisin Henry Gibson | Individual | Significant influence | 2016-04-06 | Active |
| Hartex Ltd | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
| L C Andrews Ltd | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 77 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-30 RESOLUTIONS Resolution
- 2025-09-05 MA Memorandum articles
- 2025-09-05 RESOLUTIONS Resolution
- 2024-11-29 RESOLUTIONS Resolution
- 2024-11-29 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-04 | AA | accounts | Accounts with accounts type group | |
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-25 | ANNOTATION | miscellaneous | Legacy | |
| 2025-10-30 | SH01 | capital | Capital allotment shares | |
| 2025-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-05 | SH01 | capital | Capital allotment shares | |
| 2025-09-05 | MA | incorporation | Memorandum articles | |
| 2025-09-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-05 | SH08 | capital | Capital name of class of shares | |
| 2025-08-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-10 | AA | accounts | Accounts with accounts type group | |
| 2025-04-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-29 | MA | incorporation | Memorandum articles | |
| 2024-11-28 | SH02 | capital | Capital alter shares subdivision |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 4
- Officers appointed
- 1
- 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.