GAEL FORCE GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-24 (in 10mo)
Last made up 2026-03-10
Watchouts
None on the register
Cash
£46K
-95.2% vs 2023
Net assets
£8M
+18.4% highest in 4 filed years
Employees
166
+3.8% highest in 4 filed years
Profit before tax
£1M
+39.9% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £30,094,024 | £27,087,735 | |
| Operating profit | — | — | £1,131,263 | £1,529,704 | |
| Profit before tax | — | — | £1,066,486 | £1,491,734 | |
| Net profit | -£74,835 | -£43,698 | £748,949 | £1,521,374 | |
| Cash | £0 | £621,532 | £948,805 | £45,781 | |
| Total assets less current liabilities | — | — | £8,613,958 | £9,701,532 | |
| Net assets | £2,078,782 | £1,587,265 | £7,037,934 | £8,330,180 | |
| Equity | — | — | £7,037,934 | £8,330,180 | |
| Average employees | 4 | 17 | 160 | 166 | |
| Wages | £525,012 | £551,453 | £4,827,064 | £5,246,797 | |
| Directors' remuneration | — | — | £371,993 | £397,766 |
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
-10%
£30,094,024 £27,087,735
-
Cash
-95.2%
£948,805 £45,781
-
Net assets
+18.4%
£7,037,934 £8,330,180
highest in 4 filed years
-
Employees
+3.8%
160 166
highest in 4 filed years
-
Operating profit
+35.2%
£1,131,263 £1,529,704
-
Profit before tax
+39.9%
£1,066,486 £1,491,734
-
Wages
+8.7%
£4,827,064 £5,246,797
highest in 4 filed years
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 3.8% | 5.6% | |
| Net margin | — | — | 2.5% | 5.6% | |
| Return on capital employed | — | — | 13.1% | 15.8% | |
| Gearing (liabilities / total assets) | — | — | 59.3% | 48.7% | |
| Current ratio | — | — | 1.28x | 1.50x | |
| Interest cover | — | — | 17.46x | 36.76x |
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
- GAEL FORCE GROUP LIMITED 2013-11-29 → present
- GAEL FORCE (HOLDINGS) LTD. 2002-08-28 → 2013-11-29
- GAEL FORCE MARINE LTD 2002-03-15 → 2002-08-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The group prepares projections which demonstrate their ability to continue to meet all liabilities as they fall due. At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the forseeable future. Thus, the directors continue to adopt the going concern basis of accounting in the preparation of the financial statements”
Group structure
- GAEL FORCE GROUP LIMITED · parent
- Gael Force Aquahomes Limited 100%
- Gael Force Engineering Limited 100%
- Gael Force Marine Equipment Limited 100%
- Gael Force Marine Technology Limited 100%
- Gael Force Rentals Limited 100%
- Gael Force Fusion Limited 100%
- Gael Force Boatbuilding Limited 100%
- Gael Force Canada 100%
- Gael Force Europe S L 100%
Significant events
- “Post December 2023 all Gael Force Group subsidiary companies with the exception of Gael Force Canada and Gael Force Europe were hived up to Gael Force Group which will lead to significant cost savings going forwards”
- “The Group is actively extending capability and reach through substantial investment in innovative new product and service and skills development”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FOSTER, Robert Arthur | Secretary | 2020-06-01 | — | — |
| FOSTER, Robert Arthur | Director | 2020-06-01 | May 1984 | British |
| GRAHAM, Craig Donald | Director | 2023-02-01 | Nov 1990 | British |
| GRAHAM, Stewart | Director | 2006-03-07 | May 1964 | British |
| SWANSON, Rhiann Marie | Director | 2023-02-01 | Jan 1992 | British |
| YOUNG, James Mcleod | Director | 2020-06-01 | Jan 1976 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAHAM, Patricia Marie | Secretary | 2007-12-31 | 2008-02-07 |
| GRAHAM, Patricia Marie | Secretary | 2005-03-30 | 2006-03-07 |
| GRAHAM, Stewart | Secretary | 2002-03-15 | 2005-03-30 |
| PHILLIPS, Timothy Richard Harvey | Secretary | 2012-07-02 | 2020-06-01 |
| SMITH, Melvin John | Secretary | 2006-03-07 | 2012-07-02 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 2002-03-15 | 2002-03-15 |
| DIVERS, Stephen | Director | 2018-04-11 | 2021-07-01 |
| GRAHAM, Patricia Marie | Director | 2002-03-15 | 2006-03-07 |
| OFFORD, Stephen John Joseph | Director | 2020-06-01 | 2025-10-21 |
| PHILLIPS, Timothy Richard Harvey | Director | 2014-01-06 | 2020-06-30 |
| SMITH, Innes | Director | 2002-11-08 | 2005-03-31 |
| THOMSON, Allan Robert | Director | 2014-10-01 | 2015-12-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gael Force Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-23 | Active |
Filing timeline
Last 20 of 108 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-18 MA Memorandum articles
- 2023-12-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-10-24 | CH01 | officers | Change person director company with change date | |
| 2025-10-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type group | |
| 2025-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-18 | MA | incorporation | Memorandum articles | |
| 2023-12-18 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-13 | SH01 | capital | Capital allotment shares | |
| 2023-10-30 | AA | accounts | Accounts with accounts type group | |
| 2023-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-10 | AA | accounts | Accounts with accounts type group | |
| 2022-03-23 | CS01 | confirmation-statement | Confirmation statement | |
| 2021-10-04 | AA | accounts | Accounts with accounts type group | |
| 2021-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-29 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.