GL INDUSTRIAL SERVICES UK LTD

• ⚠

  Material uncertainty over going concern

  as the company is going to be liquidated, the directors have not prepared the financial statements on a going concern basis. ... Similarly to the last year, the financial statements have been prepared on a break up basis. The directors have taken the decision to transfer on 1 November 2023 the business activities of GL Industrial Services UK Limited to DNV Services UK Limited, a fellow group company registered in England and Wales. All the business activities, except for the Energy businesses located in Spadeadam, which is also planned to be transferred eventually, have been transferred on that date. Therefore, as the company is going to be liquidated, the directors have prepared the financial statements on a break up basis.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. GL INDUSTRIAL SERVICES UK LTD 2009-03-31 → present
2. ADVANTICA LIMITED 2003-04-01 → 2009-03-31
3. ADVANTICA TECHNOLOGIES LIMITED 2000-10-23 → 2003-04-01
4. BG TECHNOLOGY LIMITED 1997-08-27 → 2000-10-23
5. BG LEASING CAPITAL LIMITED 1996-12-18 → 1997-08-27

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

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“as the company is going to be liquidated, the directors have not prepared the financial statements on a going concern basis. ... Similarly to the last year, the financial statements have been prepared on a break up basis. The directors have taken the decision to transfer on 1 November 2023 the business activities of GL Industrial Services UK Limited to DNV Services UK Limited, a fellow group company registered in England and Wales. All the business activities, except for the Energy businesses located in Spadeadam, which is also planned to be transferred eventually, have been transferred on that date. Therefore, as the company is going to be liquidated, the directors have prepared the financial statements on a break up basis.”

Group structure

1. GL INDUSTRIAL SERVICES UK LTD · parent
   1. Advantica Intellectual Property Limited 100% · Holding Corporate trademarks and patents

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

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

  -58.9%

  £58,198,578 → £23,937,265

• Cash

  -53.6%

  £19,465,309 → £9,027,558

• Net assets

  -59.4%

  £63,626,133 → £25,852,246

• Employees

  -66%

  324 → 110

• Operating profit

  -45.5%

  £5,102,242 → £2,783,037

• Profit before tax

  -82.7%

  £22,388,967 → £3,881,768

• Wages

  -83.5%

  £19,429,448 → £3,199,537

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