GCRE LIMITED
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Cash
£5.5m
+188.4% highest in 3 filed years
Net assets
£41m
+22% highest in 3 filed years
Employees
23
+4.5% vs 2025
Profit before tax
-£1.1m
-0.3% vs 2025
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£996,760 | -£1,048,555 | -£1,052,178 | -0.3% | |
| Profit before tax | -£996,760 | -£1,048,555 | -£1,052,178 | -0.3% | |
| Net profit | -£996,760 | -£1,048,555 | -£1,052,178 | -0.3% | |
| Cash | £4,392,460 | £1,917,455 | £5,530,688 | +188.4% | |
| Total assets less current liabilities | £54,331,053 | £57,727,018 | £64,295,623 | +11.4% | |
| Net assets | £29,575,617 | £33,487,062 | £40,859,635 | +22% | |
| Equity | £29,575,617 | £33,487,062 | £40,859,635 | +22% | |
| Average employees | 23 | 22 | 23 | +4.5% | |
| Wages | £1,422,312 | £1,364,900 | £1,419,268 | +4% | |
| Directors' remuneration | £400,091 | £444,914 | £469,003 | +5.4% | |
| Directors' pension contributions | £34,866 | £35,800 | £38,091 | +6.4% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Return on capital employed | -1.8% | -1.8% | -1.6% | |
| Gearing (liabilities / total assets) | 48.9% | 43.5% | 37.7% | |
| Current ratio | 2.13x | 2.87x | 9.85x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Welsh Government has provided a letter of support to GCRE Limited confirming that it will continue to provide sufficient funding to enable the company to meet its liabilities as they fall due until 30 September 2027.”
Significant events
- “The Global Centre of Rail Excellence (GCRE) facility aims to provide a world-class purpose-built mobility innovation site that will allow for research, testing and proving of cutting-edge new technologies. Combining on-site renewable energy generation and high quality commercial property...”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLANCHFLOWER, Simon William | Director | 2022-10-28 | Apr 1963 | British |
| DAVIES, John Geraint | Director | 2021-08-24 | Nov 1954 | Welsh |
| EVANS-WILLIAMS, Debra Elizabeth | Director | 2021-08-24 | Feb 1967 | British |
| HAWKINS, Samantha | Director | 2021-09-23 | Jun 1977 | British |
| HAWTHORNE, Sara Margaret Elvira Gail | Director | 2022-10-28 | Jan 1965 | British |
| JONES, David Simon | Director | 2021-09-23 | Jul 1968 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WATSON, William | Director | 2021-08-24 | 2022-10-24 |
| WILSON, William Henry Richard | Director | 2023-02-13 | 2023-05-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Welsh Ministers | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-08-24 | Active |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type full | |
| 2026-08-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-01 | SH01 | capital | Capital allotment shares | |
| 2025-11-07 | SH01 | capital | Capital allotment shares | |
| 2025-08-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2025-04-17 | SH01 | capital | Capital allotment shares | |
| 2025-02-11 | SH01 | capital | Capital allotment shares | |
| 2024-12-05 | SH01 | capital | Capital allotment shares | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-01 | AA | accounts | Accounts with accounts type full | |
| 2024-07-22 | SH01 | capital | Capital allotment shares | |
| 2024-05-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-23 | SH01 | capital | Capital allotment shares | |
| 2024-04-03 | SH01 | capital | Capital allotment shares | |
| 2024-01-12 | SH01 | capital | Capital allotment shares | |
| 2024-01-08 | SH01 | capital | Capital allotment shares | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-10 | SH01 | capital | Capital allotment shares | |
| 2023-06-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 5
- 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.