GMS ESTATES LIMITED

1. GMS ESTATES LIMITED 1995-12-06 → present
2. G.M.S. ESTATES LIMITED 1989-01-18 → 1995-12-06
3. G.M.S. SYNDICATE LIMITED 1925-12-15 → 1989-01-18

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future and to remain within the covenants required in the RCF. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. GMS ESTATES LIMITED · parent
   1. G.M.S. Syndicate Limited 100% · England and Wales · property investment
   2. 13/14 Queens Gardens Management Limited 100% · England and Wales · property investment
   3. G.M.S. Property Investments Limited 100% · England and Wales · property investment
   4. GMS Management Limited 100% · England and Wales
   5. S.M.G. Real Estates Limited 100% · England and Wales
   6. G.M.S. Nominees Limited 100% · England and Wales
   7. G.M.S. Holdings Limited 100% · England and Wales
   8. G.M.S. Group Limited 100% · England and Wales

Significant events

• “During the year, the Group repaid its £20.0m loan and terminated its £15.0m Revolving Credit Facilities ("RCF") with Natwest. In their place a £60.0m RCF was agreed with Handelsbanken. The new RCF provides the Group with the headroom and flexibility to fund the strategic business plan. The flexibility of the RCF has allowed a reduction of debt which has driven a decrease in net borrowing costs.”
• “At 31 March 2025 the Group had undrawn loan facilities of £46,500,000 (2024: £15,000,000). At 31 March 2025, a £60m Revolving Credit Facility was in place, of which £13.5m was drawn. The facility expires on 28 October 2029. Interest is payable at a rate of 1.55% above SONIA. The facility is secured through a fixed charge over certain assets of the Company.”

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

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -3.8%

  £27,978,000 → £26,912,000

• Cash

  -31.2%

  £17,127,000 → £11,777,000

• Net assets

  -0.6%

  £508,090,000 → £505,145,000

• Employees

  -8.3%

  24 → 22

• Operating profit

  -7.6%

  £16,069,000 → £14,851,000

• Profit before tax

  +107.3%

  -£45,366,000 → £3,332,000

• Wages

  -10%

  £2,951,000 → £2,657,000

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