GODEL TECHNOLOGIES EUROPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-22 (in 5mo)
Last made up 2025-10-08
Watchouts
None on the register
Cash
£14M
-31.6% vs 2022
Net assets
£22M
-23.3% vs 2022
Employees
47
+4.4% highest in 5 filed years
Profit before tax
£10M
-52.2% vs 2022
Net assets
8-year trend · vs Technology median
Accounts
8-year trend · latest reflected 2023-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 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 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 | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 15.7% | 28.3% | — | 33.3% | — | 26.7% | 12.5% | |
| Net margin | — | 11.6% | 22.1% | — | 27.6% | — | 20.9% | 10.4% | |
| Return on capital employed | — | 57.6% | 65.4% | — | 93.0% | — | 75.7% | 46.3% | |
| Interest cover | — | — | 13462.73x | — | — | — | — | 42.22x |
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
- 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”
Group structure
- GODEL TECHNOLOGIES EUROPE LIMITED · parent
- Godel Technologies Europe, UAB 100%
- Godel Technologies Europe LLC 100%
- Godel Technologies Europe EOOD 100%
- LLC Godel Technologies Europe 99%
- Godel Technologies LLC 100%
- Fundacja Godel (Godel Poland Foundation) 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+0.4%
£80,859,679 £81,211,583
-
Cash
-31.6%
£20,934,043 £14,321,047
-
Net assets
-23.3%
£28,516,357 £21,861,157
-
Employees
+4.4%
45 47
highest in 5 filed years
-
Operating profit
-53.1%
£21,575,996 £10,116,937
-
Profit before tax
-52.2%
£21,582,393 £10,316,803
-
Wages
-49.2%
£31,936,541 £16,232,940
lowest in 5 filed years
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