GCRE LIMITED

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

• Turnover

  —

  Not reported

• Cash

  -56.3%

  £4,392,460 → £1,917,455

• Net assets

  +13.2%

  £29,575,617 → £33,487,062

• Employees

  -4.3%

  23 → 22

• Operating profit

  -5.2%

  -£996,760 → -£1,048,555

• Profit before tax

  -5.2%

  -£996,760 → -£1,048,555

• Wages

  -4%

  £1,422,312 → £1,364,900

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

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On this basis the directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “In July 2025, the Welsh Government provided a letter of support to GCRE LIMITED confirming it would continue to provide sufficient funding to ensure all liabilities could be met as they fall due, at least for 12 months from the date of financial statements approval.”
• “Included within "Other Receivables" are amounts of £4,755,436 (2024: £4,416,914) relating to cash held by the local authority in Escrow on behalf of the company to finance the restoration of the previous mining site to the required specifications from when the coaling operations ceased in 2021.”
• “As at 31 March 2025, the amount held by the local authority in Escrow was confirmed to be £5,415,611.85. However, in accordance with IFRIC 5, the balance is limited to the amount of the remaining liability and has therefore been capped at the restoration liability amount.”
• “A prior period adjustment was made relating to recognition of the restoration obligation inherited with the site and a matching escrow receivable, in line with IFRIC 5.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

6

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.