GAM INTERNATIONAL MANAGEMENT LIMITED

Company number

01802911

Status

Active

Incorporation

1984-03-26

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

66300

Hubs

UK Fintech

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Following the recurring losses reported by the Company of £18.8m (2023: £24m), 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 Global Group headed by the ultimate parent company, GAM Holding AG has issued a letter to the Company indicating its intention to continue to make available such funds as are needed by the Company, and that it does not intend to seek repayment of the amounts currently due to the group, which at 31 December 2024 amounted to £777k during the going concern assessment period. The Company is reliant on its ultimate parent company, GAM Holding AG for financial support and for not recalling the amounts owed by the Company, neither of which is guaranteed. The Directors have a reasonable expectation that the amounts owed will not be demanded and that the additional funds required from GAM Holding AG will be forthcoming. Based on this, the directors consider that the company will remain a going concern for a period of at least 12 months from the date of approval of the financial statements and have therefore prepared the financial statements on a going concern basis.”

Significant events

• “On 18 October 2023 GAM Holding AG and GAM (Switzerland) Holding AG signed a loan facility agreement with Rock Investment SAS for CHF100 million, repayment date extended to 31 December 2027. On 15 May 2024, shareholders approved a capital increase by rights issue up to CHF 100 million fully underwritten by Rock. On 15 November 2024, capital increase completed, Rock loan facility remaining in place. NJJ Holdings SA now owns 76% of GAM Holding AG share capital.”
• “On 30 January 2025, GIML issued 1 £1 ordinary shares for a total consideration of £1,200,000 settled in cash, increasing the share premium from £90,117,000 to £91,317,000.”
• “On 28 February 2025, GIML issued 1 £1 ordinary shares for a total consideration of £1,500,000 settled in cash, increasing the share premium from £91,317,000 to £92,817,000.”
• “On 28 April 2025, GIML issued 1 £1 ordinary shares for a total consideration of £1,000,000 settled in cash, increasing the share premium from £92,817,000 to £93,817,000.”
• “On 28 May 2025, GIML issued 1 £1 ordinary shares for a total consideration of £2,500,000 settled in cash, increasing the share premium from £93,817,000 to £96,317,000.”
• “On 27 June 2025, GIML issued 1 £1 ordinary shares for a total consideration of £1,800,000 settled in cash, increasing the share premium from £96,317,000 to £98,117,000.”
• “On 23 July 2025, GIML issued £1 ordinary shares for a total consideration of of £1,800,000 settled in cash, increasing the share premium from £98,117,000 to £99,917,000.”
• “On 6 May 2025, subsequent to the reporting period ended 31 December 2024, the Company reached a settlement agreement with a supplier. Under the terms of the settlement, the Company agreed to incur a net expense of $1.5 million in full and final resolution of the matter.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers