GNI (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-24 (in 2mo)
Last made up 2025-07-10
Watchouts
Cash
£26M
+49.6% vs 2023
Net assets
-£178M
-7.9% vs 2023
Employees
—
Average over period
Profit before tax
£24M
+32.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £70,285,000 | £78,517,000 | |
| Operating profit | £22,519,000 | £27,967,000 | |
| Profit before tax | £18,078,000 | £23,969,000 | |
| Net profit | £13,545,000 | £17,720,000 | |
| Cash | £17,211,000 | £25,748,000 | |
| Total assets less current liabilities | £318,281,000 | £333,255,000 | |
| Net assets | -£164,963,000 | -£177,928,000 | |
| Equity | -£164,963,000 | -£177,928,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 32.0% | 35.6% | |
| Net margin | 19.3% | 22.6% | |
| Return on capital employed | 7.1% | 8.4% | |
| Gearing (liabilities / total assets) | 148.8% | 150.8% | |
| Current ratio | 1.58x | 2.72x | |
| Interest cover | 5.07x | 7.00x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis as the Board after making appropriate enquiries including reviewing and approving the 2025 annual budget and assessing the continuing profitability, is satisfied that GNI (UK) Limited has adequate resources to continue in operation for the foreseeable future. GNI (UK) Limited has three facility agreements with the parent company, Gas Networks Ireland, to finance the operations of GNI (UK) Limited. The agreements provide that Gas Networks Ireland will not terminate the loans unless GNI (UK) Limited has alternative committed financing arrangements in place.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| O'RIORDAN, William Gerard | Secretary | 2006-06-15 | — | British |
| GALWEY, David Ronan | Director | 2025-04-01 | Apr 1974 | Irish |
| GLEESON, Bobby | Director | 2024-09-27 | Jul 1974 | Irish |
| JEMMETT, Richard William | Director | 2012-12-06 | Apr 1959 | British |
| MCCREA, Andrew | Director | 2018-08-03 | May 1954 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRY, Bertie | Secretary | 2003-09-18 | 2006-06-15 |
| CARR, Michael Derek | Secretary | 1993-07-02 | 1995-06-17 |
| WRIGHT, David Bernard | Secretary | 1994-12-06 | 2003-09-18 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1993-06-17 | 1993-07-02 |
| BARRY, John | Director | 2011-04-14 | 2015-09-21 |
| BARRY, John | Director | 2007-08-27 | 2007-12-12 |
| BARRY, John | Director | 2007-08-27 | 2007-12-12 |
| BEATTIE, Charles John | Director | 2006-12-13 | 2018-08-03 |
| BURCHILL, James Beazley | Director | 2015-09-21 | 2024-09-27 |
| CARR, Michael Derek | Director | 1993-07-02 | 2004-04-22 |
| CASEY, Sean | Director | 2013-07-10 | 2015-02-26 |
| CHARLTON, Philip | Director | 1993-07-02 | 2004-12-09 |
| CONLON, Michael Noel | Director | 1993-07-02 | 2001-11-08 |
| CRONIN, Philip Eamon | Director | 1993-07-02 | 2000-05-08 |
| FITZGERALD, Eugene Bernard | Director | 2003-09-18 | 2007-03-12 |
| JEMMETT, Richard William | Director | 2004-05-18 | 2006-10-12 |
| MARLEY, Cathal | Director | 2023-04-12 | 2025-04-01 |
| MULLINS, John | Director | 2007-12-12 | 2011-04-14 |
| O'SULLIVAN, Denis Patrick | Director | 2018-03-27 | 2023-04-12 |
| O'SULLIVAN, Liam | Director | 2015-09-21 | 2018-03-27 |
| O'SULLIVAN, Liam | Director | 2015-02-26 | 2015-09-21 |
| WALSH, Robert Gerard | Director | 2000-12-14 | 2007-07-31 |
| WILSON, Francis Donald | Director | 1993-07-02 | 2012-12-06 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1993-06-17 | 1993-07-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gas Networks Ireland Dac | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-01 | Active |
| Ervia | Corporate entity | Significant influence | 2016-04-06 | Ceased 2024-06-01 |
Filing timeline
Last 20 of 161 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | CH01 | officers | Change person director company with change date | |
| 2023-07-27 | CH01 | officers | Change person director company with change date | |
| 2023-07-27 | CH03 | officers | Change person secretary company with change date | |
| 2023-07-27 | CH01 | officers | Change person director company with change date | |
| 2023-07-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-23 | CH01 | officers | Change person director company with change date | |
| 2023-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-26 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+11.7%
£70,285,000 £78,517,000
-
Cash
+49.6%
£17,211,000 £25,748,000
-
Net assets
-7.9%
-£164,963,000 -£177,928,000
-
Employees
—
Not reported
-
Operating profit
+24.2%
£22,519,000 £27,967,000
-
Profit before tax
+32.6%
£18,078,000 £23,969,000
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