UK Companies House feature
GODEL TECHNOLOGIES EUROPE LIMITED
Cash
£14M
-31.6% vs 2022
Net assets
£22M
-23.3% vs 2022
Employees
47
+4.4% vs 2022
Profit before tax
£10M
-52.2% vs 2022
Profile
- Company number
- 04551774
- Status
- Active
- Incorporation
- 2002-10-02
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62012
Net assets
8-year trend · vs UK AI & Enterprise SaaS median
Accounts
8-year trend · latest 2023-12-31
| Metric | Trend | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £35,594,324 | £45,915,349 | — | £62,321,305 | — | £80,859,679 | £81,211,583 | |
| Operating profit | — | £5,602,158 | £12,978,068 | — | £20,759,004 | — | £21,575,996 | £10,116,937 | |
| Profit before tax | — | £5,602,168 | £12,977,104 | — | £20,759,004 | — | £21,582,393 | £10,316,803 | |
| Net profit | — | £4,136,762 | £10,131,337 | — | £17,169,673 | — | £16,914,912 | £8,425,755 | |
| Cash | — | £2,765,576 | £12,797,645 | — | £12,406,193 | — | £20,934,043 | £14,321,047 | |
| Total assets less current liabilities | — | £9,718,752 | £19,847,055 | — | £22,323,697 | — | £28,516,357 | £21,861,157 | |
| Net assets | — | £9,681,116 | £19,812,453 | — | £22,308,152 | — | £28,516,357 | £21,861,157 | |
| Equity | £5,544,354 | £9,681,116 | £19,812,453 | £19,812,453 | £22,308,152 | £22,308,152 | £28,516,357 | £21,861,157 | |
| Average employees | — | 32 | 39 | — | 37 | — | 45 | 47 | |
| Wages | — | £21,556,603 | £28,238,864 | — | £36,342,187 | — | £31,936,541 | £16,232,940 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis. The current economic conditions present risks for all businesses. In response to such conditions, the Directors have carefully considered these risks, including an assessment of uncertainty and downside scenarios on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. The Directors have taken into account forecast cash flows, liquidity, borrowing facilities and related covenant requirements and the expected operational activities of the Group. Having due regard for these matters and after making appropriate enquiries, the Directors are satisfied that the Group and Company have adequate resources for a period of at least 12 months from the date of signing the financial statements”
Subsidiaries
- Godel Technologies Europe, UAB · 100% held · Lithuania
- Godel Technologies Europe LLC · 100% held · Ukraine
- Godel Technologies Europe EOOD · 100% held · Sofia
- LLC Godel Technologies Europe · 99% held · Poland
- Godel Technologies LLC · 100% held · Georgia
- Fundacja Godel (Godel Poland Foundation) · 100% held · Poland
Significant events
- “On 19th March 2025 Project Nearshore Limited, the intermediate parent undertaking of the Company, entered into a revolving credit facility (RCF) with HSBC for an amount up to £9m in order to provide additional working capital in order to allow Project Nearshore Limited to repay outstanding loan notes (c£8m at the time of the RCF) to Lowry Trading Ltd, the ultimate parent undertaking of Project Nearshore Limited and the Company. The Company is a guarantor of the RCF agreement, via a fixed and floating charge over the assets of the Company. The RCF is for 2 years and is priced at 2% + SONIA.”
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
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NUGENT, Robert | Secretary | 2012-09-01 | — | — |
| AINSWORTH, Gareth James | Director | 2024-05-21 | Dec 1980 | English |
| FLETCHER, Cameron William | Director | 2025-08-28 | Nov 2002 | British |
| NUGENT, Robert | Director | 2012-08-01 | Dec 1982 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDREW, John | Secretary | 2005-11-30 | 2009-02-26 |
| BLAND, Terry | Secretary | 2009-08-04 | 2012-09-01 |
| MALTHOUSE, Christopher Simon | Secretary | 2009-02-26 | 2009-08-04 |
| TATTERSALL, David | Secretary | 2005-07-05 | 2005-11-30 |
| TATTERSALL, David | Secretary | 2002-11-07 | 2003-03-31 |
| TATTERSALL, Joy Mary | Secretary | 2003-03-31 | 2005-07-05 |
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2002-10-02 | 2002-10-07 |
| AFANASENKO, Andrew | Director | 2018-04-27 | 2022-08-04 |
| ANDREW, John | Director | 2005-11-30 | 2009-02-26 |
| BASHARIN, Matim | Director | 2002-11-07 | 2002-12-05 |
| BIRD, Raymond Marcel | Director | 2007-04-05 | 2009-02-26 |
| BLAND, Terry | Director | 2005-07-05 | 2012-09-01 |
| FLETCHER, Scott Jonathan | Director | 2009-02-26 | 2009-08-04 |
| MALTHOUSE, Christopher Simon | Director | 2009-02-26 | 2009-08-04 |
| MCMURDO, Neil Matthew Alexander | Director | 2019-01-01 | 2024-05-21 |
| POLUBOCHKO, Elena | Director | 2018-04-27 | 2022-08-04 |
| TATTERSALL, David | Director | 2002-11-07 | 2006-09-12 |
| TATTERSALL, Joy Mary | Director | 2002-12-05 | 2003-03-31 |
| TURVIN, Neil | Director | 2009-08-04 | 2020-12-01 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2002-10-02 | 2002-10-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Scott Jonathan Fletcher | Individual | Shares 50–75% | 2016-04-07 | Ceased 2016-04-07 |
| Godel Technologies Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 117 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-20 | CH01 | officers | change person director company with change date |
| 2026-01-08 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-10-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-10-09 | AA | accounts | accounts with accounts type full |
| 2025-09-10 | AP01 | officers | appoint person director company with name date |
| 2025-06-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-03-27 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-03-19 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-10-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-16 | AA | accounts | accounts with accounts type full |
| 2024-05-21 | AP01 | officers | appoint person director company with name date |
| 2024-05-21 | TM01 | officers | termination director company with name termination date |
| 2023-10-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-09-26 | AA | accounts | accounts with accounts type full |
| 2022-10-08 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-08-09 | TM01 | officers | termination director company with name termination date |
| 2022-08-09 | TM01 | officers | termination director company with name termination date |
| 2022-05-19 | AA | accounts | accounts with accounts type full |
| 2021-10-08 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-10-05 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ (private-firm) · reference 2023-12-31
7.11
SAFE
Altman Z″
- Working capital / Total assets 0.565 × 6.56 = +3.71
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.276 × 6.72 = +1.85
- Book equity / Total liabilities 1.474 × 1.05 = +1.55
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory