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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-08-04 (in 3mo)

Last made up 2025-07-21

Watchouts

None on the register

Cash

£122K

+8.7% vs 2023

Net assets

-£16M

+3.5% vs 2023

Employees

26

-10.3% lowest in 6 filed years

Profit before tax

-£397K

+74.9% highest in 5 filed years

Accounts

7-year trend · latest reflected 2024-12-31

Metric Trend 2019-12-312020-12-312021-12-312022-12-312023-01-012023-12-312024-12-31
Turnover £3,668,820£3,252,265£4,114,536£3,645,716£2,874,821
Operating profit -£7,200,089-£1,660,540-£3,490,097-£1,221,060-£143,573
Profit before tax -£8,224,301-£2,976,310-£5,847,017-£1,580,917-£397,081
Net profit -£5,847,017-£1,580,917-£397,081
Cash £994,623£1,958,302£145,388£135,057£112,063£121,775
Total assets less current liabilities -£26,467,850-£34,692,151-£37,668,461-£14,931,850-£16,512,766-£15,932,551
Net assets -£26,467,850-£34,692,151-£37,668,461-£14,931,850-£16,512,766-£15,932,551
Equity -£26,467,850£34,692,151£37,668,461-£14,931,850-£14,931,849-£16,512,766-£15,932,551
Average employees 1017636342926
Wages £884,129£925,987£825,737

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2019-12-312020-12-312021-12-312022-12-312023-01-012023-12-312024-12-31
Operating margin -196.3%-51.1%-84.8%-33.5%-5.0%
Net margin -142.1%-43.4%-13.8%
Return on capital employed 20.8%4.4%23.4%7.4%0.9%
Current ratio 0.07x0.06x
Interest cover -7.03x-1.26x-1.48x-3.39x-0.57x

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.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Wisteria Audit Ltd
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“As at 31 December 2024, the Company had net liabilities of £15,932,551 (2023: £16,512,766) and net current liabilities of £16,034,384 (2023: £16,692,680), the Company continues to be loss making. The immediate Parent Company, GDV Investments BV, has confirmed it will continue to support the Company's obligations, to enable it to meet its liabilities as they fall due, for at least the next twelve months from the date of this report. After making suitable inquiries, the directors have concluded that GDV Investments BV will be in a position to provide the Company with any necessary support and accordingly have prepared the financial statements on the going concern basis”

Significant events

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

People

4 active · 37 resigned

Name Role Appointed Born Nationality
ONER, Baris Secretary 2024-06-25
RAMAMURTHY, Sridhar Director 2025-03-18 Jul 1964 British
ULKER, Murat Director 2008-03-18 Mar 1959 Turkish
ULKER, Yahya Director 2025-05-26 Feb 1993 Turkish
Show 37 resigned officers
Name Role Appointed Resigned
BYERS, Peter James Secretary 1996-01-02 1996-06-03
COVENEY, Peter James Hilbre Secretary 2014-06-01 2016-12-01
KELLET, Iain Mcfarlane Secretary 1998-07-27 1999-01-08
LACY, Douglas Archibald Secretary 1995-12-31
LOVEDAY, Glyn Secretary 2005-06-03 2006-08-11
STARLING, Tania Secretary 1999-01-08 2003-04-09
STUMP, Christopher Jeremy Secretary 1996-06-03 1999-01-08
VERMEIREN, Arthur Secretary 2006-08-11 2014-06-01
WARD, Mark Andrew Secretary 2003-04-09 2005-02-18
WICKHAM, Eunice Secretary 2005-02-18 2005-06-03
AFRIDI, Hafize Nurtac Director 2023-05-14 2023-09-01
ALBRIGHT, David Director 1993-08-01 1996-02-01
AMIN, Ahmed Salman Director 2023-09-01 2025-03-18
BARAZ, Selim Ahmet Director 2016-01-26 2016-12-01
BOUVE, Nicolas Georges Maurice Director 2005-11-14 2011-05-15
BREIG, Geralyn Director 2003-07-31 2005-11-14
DE MENDEZ, Olivier Director 2019-03-24 2020-07-23
ELMAS, Burak Director 2016-12-01 2018-02-28
ELMAS, Burak, Mr. Director 2014-04-01 2014-07-21
ELSARKY, Mohamed Director 2012-05-02 2016-12-01
GOLDMAN, James Director 2012-05-02 2014-03-06
JOHNSON, Malcolm Harry Director 1995-04-24 1998-03-26
JOHNSTON, David Gavine Director 1993-10-18 2001-12-31
KARAKAS, Halil Cem, Dr Director 2016-12-01 2018-09-21
KURAMA, Mehmet Atila Director 2008-03-18 2013-04-01
LOYA, Manoj Director 2020-09-25 2025-07-04
LOYA, Manoj Director 2018-07-01 2019-03-24
MASSAGE, Daniel Director 1998-03-26 2008-03-18
MASSAGÉ, Daniel Director 2011-05-15 2016-12-01
MAXIM, Caryn Director 1993-07-31
MEUTERMANS, Marcus Johanna Jozef Director 2002-01-01 2002-09-20
MISTELI, Jack Max Director 1993-07-31
RASSCHAERT, Gaspar Director 1995-04-24
RYDIN, Craig Withcomb Director 1996-02-01 1999-06-18
ULKER, Ali, Mr. Director 2014-04-01 2025-05-26
VAN BEUREN, Archbold Dorrance Director 1999-02-22 2003-07-31
YAMANI, Abdulaziz Mohammedabdo Director 2016-12-01 2023-05-14

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Gdv Investments B.V. Corporate entity Shares 75–100% 2025-06-25 Active
Mr Murat Ulker Individual Shares 25–50% 2016-04-06 Ceased 2016-04-06

Filing timeline

Last 20 of 217 total filings

Date Type Category Description
2026-03-17 SH01 capital Capital allotment shares PDF
2025-12-23 AA accounts Accounts with accounts type full PDF
2025-07-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-07 TM01 officers Termination director company with name termination date PDF
2025-06-26 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2025-06-26 PSC09 persons-with-significant-control Withdrawal of a person with significant control statement PDF
2025-05-27 AP01 officers Appoint person director company with name date PDF
2025-05-27 TM01 officers Termination director company with name termination date PDF
2025-03-26 AP01 officers Appoint person director company with name date PDF
2025-03-26 TM01 officers Termination director company with name termination date PDF
2025-01-24 AA accounts Accounts with accounts type full PDF
2024-09-24 AD01 address Change registered office address company with date old address new address PDF
2024-07-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-06-25 AP03 officers Appoint person secretary company with name date PDF
2024-03-08 AA accounts Accounts with accounts type total exemption full PDF
2023-11-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-09-05 AP01 officers Appoint person director company with name date PDF
2023-09-05 TM01 officers Termination director company with name termination date PDF
2023-05-23 AP01 officers Appoint person director company with name date PDF
2023-05-23 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
8

last 12 months

Capital events
1

last 24 months

Officers appointed
1

last 12 months

Officers resigned
2

last 12 months

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

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers

Official Companies House page