GAM LONDON LIMITED

• ⚠

  Material uncertainty over going concern

  Following the recurring losses reported by the Company of £5m (2023: £5.2m) the liquidity and regulatory capital forecasts of the Company indicate, in both the base and reasonably possible downsides scenarios, that the Company will not have sufficient funds to meet its financial obligations without the support of its ultimate parent company, GAM Holding AG. The forecasts also indicate that GAM Holding AG will not have sufficient funds to meet the financial obligations of itself and its subsidiaries ('the Global Group') without external funding. ... This creates a material uncertainty on the ability of the Global Group to continue as a going concern. Given the Company's reliance on the support of its ultimate parent company, GAM Holding AG, this also creates a material uncertainty on the ability of the Company to continue as a going concern.

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Following the recurring losses reported by the Company of £5m (2023: £5.2m) the liquidity and regulatory capital forecasts of the Company indicate, in both the base and reasonably possible downsides scenarios, that the Company will not have sufficient funds to meet its financial obligations without the support of its ultimate parent company, GAM Holding AG. The forecasts also indicate that GAM Holding AG will not have sufficient funds to meet the financial obligations of itself and its subsidiaries ('the Global Group') without external funding. ... This creates a material uncertainty on the ability of the Global Group to continue as a going concern. Given the Company's reliance on the support of its ultimate parent company, GAM Holding AG, this also creates a material uncertainty on the ability of the Company to continue as a going concern.”

Significant events

• “On 30 January 2025, GLL issued 1 £1 ordinary shares for a total consideration of £600,000 settled in cash which was recognised as share premium.”
• “On 28 April 2025, GLL issued 1 £1 ordinary shares for a total consideration of £800,000 settled in cash which was recognised as share premium.”
• “On 20 May 2025, GLL issued 1 £1 ordinary shares for a total consideration of £500,000 settled in cash which was recognised as share premium.”
• “On 24 June 2025, GLL issued 1 £1 ordinary shares for a total consideration of £1,000,000 settled in cash which was recognised as share premium.”

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

Filings

19

last 12 months

Capital events

10

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.

• Turnover

  -12.3%

  £5,067,000 → £4,443,000

• Cash

  +40%

  £4,059,000 → £5,684,000

• Net assets

  -1.2%

  £3,733,000 → £3,689,000

• Employees

  -29.4%

  17 → 12

• Operating profit

  +2.7%

  -£5,182,000 → -£5,040,000

• Profit before tax

  +2.7%

  -£5,147,000 → -£5,009,000

• Wages

  -35.3%

  £2,379,000 → £1,539,000

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