GILBERT-ASH LIMITED
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Cash
£43M
-7.9% vs 2023
Net assets
£30M
+2.7% vs 2023
Employees
187
-6.5% vs 2023
Profit before tax
£4.6M
+143.7% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £262,844,343 | £235,661,516 | -10.3% | |
| Operating profit | £1,119,269 | £3,786,037 | +238.3% | |
| Profit before tax | £1,892,642 | £4,611,601 | +143.7% | |
| Net profit | £1,378,089 | £3,522,810 | +155.6% | |
| Cash | £46,324,338 | £42,667,345 | -7.9% | |
| Total assets less current liabilities | £29,670,894 | £30,345,319 | +2.3% | |
| Net assets | £29,183,503 | £29,963,813 | +2.7% | |
| Equity | £29,183,503 | £29,963,813 | +2.7% | |
| Average employees | 200 | 187 | -6.5% | |
| Wages | £12,945,120 | £11,563,313 | -10.7% | |
| Directors' remuneration | £2,054,675 | £1,556,849 | -24.2% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 0.4% | 1.6% | |
| Net margin | 0.5% | 1.5% | |
| Return on capital employed | 3.8% | 12.5% | |
| Gearing (liabilities / total assets) | 68.7% | 65.7% | |
| Current ratio | 1.41x | 1.48x |
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 1 time since incorporation
- GILBERT-ASH LIMITED 2012-04-26 → present
- GILBERT-ASH N.I. LIMITED 1947-06-30 → 2012-04-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers (Northern Ireland) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. The company has a strong pipeline of secured work for the next financial year. The directors have reviewed financial projections across a range of scenarios. The stress testing under reasonable downside scenarios considers future adverse impacts to trading from rising inflation on costs. These scenarios consider projected performance and liquidity positions, supported by cash flow forecasts for at least twelve months from the date of signing the Annual report which underpins its ability to continue as a going concern. The company meets its day to day working capital requirement through retained cash within the business. The directors believe that the company is well placed to continue its business and are confident they have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the annual financial statements.”
Significant events
- “During the year Gilbert-Ash transitioned its ownership model to an Employee Ownership Trust (EOT).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUTCHINSON, Ray | Secretary | — | — | British |
| GILROY, Raymond | Director | 2005-04-04 | Sep 1965 | British |
| HUTCHINSON, Ray | Director | 2003-12-19 | Dec 1971 | British |
| MCMEEL, Finbarr | Director | 2014-04-18 | Aug 1974 | Irish |
| MOORE, Sean | Director | 2014-04-18 | Mar 1970 | Irish |
| NUTT, Mark John | Director | 2008-05-01 | Dec 1968 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARR, Sean | Director | — | 2001-06-08 |
| HART, John | Director | 2001-03-01 | 2012-08-31 |
| HUGHES, Gerard Charles | Director | 2003-08-01 | 2024-06-28 |
| O'NEILL, Edwin Gerard | Director | — | 2012-09-14 |
| PATTERSON, John Anthony | Director | — | 2002-08-31 |
| PURDY, Leslie | Director | — | 2000-03-31 |
| RAINEY, John Anthony | Director | — | 2002-05-31 |
| REYNOLDS, Anthony | Director | — | 2007-12-31 |
| SHAW, William Robert | Director | — | 2003-12-19 |
| WILSON, John | Director | — | 2011-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ards Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 250 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-27 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-04 | CH01 | officers | Change person director company with change date | |
| 2024-04-04 | CH01 | officers | Change person director company with change date | |
| 2024-04-04 | CH01 | officers | Change person director company with change date | |
| 2024-04-04 | CH01 | officers | Change person director company with change date | |
| 2024-04-04 | CH03 | officers | Change person secretary company with change date | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type full | |
| 2021-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-15 | AD01 | address | Change registered office address company with date old address new address |
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.