GEN DRYWALL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-24 (in 4mo)
Last made up 2025-09-10
Watchouts
None on the register
Cash
£2M
-19.6% vs 2023
Net assets
£698K
-72.3% vs 2023
Employees
38
+15.2% highest in 6 filed years
Profit before tax
£2M
-36.2% vs 2023
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 | — | — | — | — | £24,540,359 | £19,406,167 | |
| Operating profit | — | — | — | — | £3,233,746 | £2,064,499 | |
| Profit before tax | — | — | — | — | £3,186,474 | £2,033,064 | |
| Net profit | — | — | — | — | £2,430,774 | £1,519,116 | |
| Cash | — | £569,396 | £1,540,233 | £1,877,083 | £2,255,071 | £1,813,349 | |
| Total assets less current liabilities | £676,241 | £1,011,293 | £1,601,942 | £2,307,360 | £2,592,680 | £698,038 | |
| Net assets | £676,241 | £799,172 | £1,435,275 | £2,186,148 | £2,516,922 | £698,038 | |
| Equity | — | £799,172 | £1,435,275 | £2,186,148 | £2,516,922 | £698,038 | |
| Average employees | 18 | 21 | 30 | 34 | 33 | 38 | |
| Wages | — | — | — | — | £2,196,201 | £2,514,277 | |
| Directors' remuneration | — | — | — | — | £115,000 | £129,375 |
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
-20.9%
£24,540,359 £19,406,167
-
Cash
-19.6%
£2,255,071 £1,813,349
-
Net assets
-72.3%
£2,516,922 £698,038
-
Employees
+15.2%
33 38
highest in 6 filed years
-
Operating profit
-36.2%
£3,233,746 £2,064,499
-
Profit before tax
-36.2%
£3,186,474 £2,033,064
-
Wages
+14.5%
£2,196,201 £2,514,277
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 | — | — | — | — | 13.2% | 10.6% | |
| Net margin | — | — | — | — | 9.9% | 7.8% | |
| Return on capital employed | — | — | — | — | 124.7% | 295.8% | |
| Current ratio | — | — | — | — | 1.39x | 1.12x | |
| Interest cover | — | — | — | — | 31.35x | 41.42x |
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
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The group performed well in 2024 with growth in the commercial sector. Our works remained within our core scopes of Drywall, SFS and Fire Protection.”
- “Although dividends were distributed to GEN Construction Group Limited, an agreement is in place to make some of these funds available to GEN Drywall Limited as required.”
- “We continued to operate in the Residential sector in 2024 whilst also adding clients from the Fitout sector. Our commercial sector growth increased significantly as targeted.”
- “We fell short of our turnover goal in 2024 following strategic decisions to not take on low margin work that would place strain on the business with little reward and in preparation for a busier period in 2025. We maintained our Profit goal.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRIDGLAND, Timothy Paul | Director | 2015-09-11 | Nov 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gen Construction Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-31 | Active |
| Castlegate Contracts Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-05-24 | Ceased 2022-12-31 |
| Mr Timothy Paul Bridgland | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-12-31 |
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-02 MA Memorandum articles
- 2024-07-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | MA | incorporation | Memorandum articles | |
| 2024-07-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-26 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-02-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-02-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-06-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-10-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-11 | SH08 | capital | Capital name of class of shares | |
| 2021-07-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.