BINOVA GT LIMITED
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2026-10-23 (in 5mo)
Last made up 2025-10-09
Watchouts
Cash
£937K
USD 1,253,000
Latest balance sheet
Net assets
£46M
USD 61,589,000
highest in 4 filed years
Employees
—
Average over period
Profit before tax
£7M
USD 8,761,000
Period ending 2023-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
-
Material uncertainty over going concern
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 may not be appropriate.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2023-12-31
| Metric | Trend | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £263,779,622 | £342,302,459 | |
| Operating profit | — | — | £4,974,957 | £7,680,347 | |
| Profit before tax | — | — | £4,572,027 | £6,549,301 | |
| Net profit | — | — | £4,551,095 | £6,546,311 | |
| Cash | £1,039 | £6,346 | £1,159,453 | £936,682 | |
| Total assets less current liabilities | £842 | £78,535 | — | — | |
| Net assets | £842 | £78,535 | £38,222,322 | £46,040,966 | |
| Equity | £842 | £78,535 | £38,222,322 | £46,040,966 | |
| Average employees | 1 | 1 | — | — | |
| Wages | — | — | £1,103,386 | £899,305 | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-10-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 1.9% | 2.2% | |
| Net margin | — | — | 1.7% | 1.9% | |
| Gearing (liabilities / total assets) | — | — | 51.5% | 49.2% | |
| Current ratio | — | — | 1.94x | 2.03x | |
| Interest cover | — | — | 12.37x | 6.79x |
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.
Name history
Renamed 2 times since incorporation
- BINOVA GT LIMITED 2021-06-07 → present
- BINOVA CONSULTANCY LTD 2020-06-02 → 2021-06-07
- METALIZER (UK) LTD. 2019-10-15 → 2020-06-02
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- RDH ACCOUNTANTS LTD.
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“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 may not be appropriate.”
Group structure
- BINOVA GT LIMITED · parent
- Al Aikhtiar Al Thahabi General Trading LLC 100%
Significant events
- “The annexed financial statements are prepared for the period of 14 months ending on 31 December 2023. In management's opinion, this change would reflect the financials in a better position and is in line with applicable Laws and regulation like IFRS.”
- “Revenue increased from USD 353 million in 2022 to over USD 458 million in 2023, keeping steady margins of around 3.1% (2022: 3.2%).”
- “The consolidated revenue for 2023 is reported at USD 467.9 million as compared to USD 352.8 in 2022. It would not be a material wrong assessment to conclude that the increased profitability is related to increase in subsidiary activity.”
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 |
|---|---|---|---|---|
| SHAH, Parag Arvind | Director | 2019-10-15 | Dec 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Parag Arvind Shah | Individual | Shares 75–100% | 2019-10-15 | Active |
Filing timeline
Last 20 of 23 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-12-30 | SH06 | capital | Capital cancellation shares | |
| 2025-11-26 | AUD | auditors | Auditors resignation company | |
| 2025-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | AA | accounts | Accounts with accounts type group | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-21 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-13 | RP04SH01 | change-of-name | Legacy | |
| 2023-07-31 | AA | accounts | Accounts with accounts type group | |
| 2022-11-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-14 | SH01 | capital | Capital allotment shares | |
| 2022-11-11 | SH01 | capital | Capital allotment shares | |
| 2022-10-27 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2021-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2021-04-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-01-13 | AAMD | accounts | Accounts amended with accounts type total exemption full | |
| 2020-11-04 | AA | accounts | Accounts with accounts type dormant |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- 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.