GAL MSN THREE LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-15 (in 3mo)
Last made up 2025-08-01
Watchouts
Cash
—
Latest balance sheet
Net assets
-£2M
Equity attributable
Employees
—
Average over period
Profit before tax
-£160K
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on the liquidation basis. In the prior year, the financial statements were prepared on a going concern basis. Further details regarding the adoption of the liquidation basis, in preparing the financial statements, can be found in the general information (Note 1). During the year, the Company sold its aircraft asset. The Directors, having made such inquiries as they considered appropriate, intend to liquidate the entity within 12 months after the signing of the financial statements. As such, the Directors have prepared the financial statements on a non-going concern basis.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£11,397 | -£3,162 | |
| Profit before tax | -£252,540 | -£160,343 | |
| Net profit | -£255,924 | -£160,343 | |
| Cash | — | — | |
| Total assets less current liabilities | -£1,589,306 | -£1,749,649 | |
| Net assets | -£1,589,306 | -£1,749,649 | |
| Equity | -£1,589,306 | -£1,749,649 | |
| 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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | 0.7% | 0.2% | |
| Gearing (liabilities / total assets) | 57351.7% | — | |
| Current ratio | 0.00x | — | |
| Interest cover | -0.04x | -0.02x |
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 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on the liquidation basis. In the prior year, the financial statements were prepared on a going concern basis. Further details regarding the adoption of the liquidation basis, in preparing the financial statements, can be found in the general information (Note 1). During the year, the Company sold its aircraft asset. The Directors, having made such inquiries as they considered appropriate, intend to liquidate the entity within 12 months after the signing of the financial statements. As such, the Directors have prepared the financial statements on a non-going concern basis.”
Significant events
- “On 7 February 2024, the financial year end of the Company was changed from 31 December to 31 March so as to align with the year end of its ultimate parent, SMBC Aviation Capital Limited ("SMBC AC").”
- “During the year, the Company sold its aircraft asset.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAPLES FIDUCIARY SERVICES (UK) LIMITED | Corporate Secretary | 2017-01-03 | — | — |
| LEAHY, Charles Michael | Director | 2017-01-03 | Feb 1975 | British |
| MAPLESFS UK CORPORATE DIRECTOR NO.1 LIMITED | Corporate Director | 2017-11-02 | — | — |
| MAPLESFS UK CORPORATE DIRECTOR NO.2 LIMITED | Corporate Director | 2017-11-02 | — | — |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2014-06-10 | 2017-01-03 |
| BIDEL, Coral Suzanne | Director | 2015-01-01 | 2015-10-23 |
| DREW, Michael | Director | 2017-01-03 | 2017-03-31 |
| EGAN, Lorraine Mary | Director | 2015-10-23 | 2016-04-15 |
| JAFFE, Daniel Marc Richard | Director | 2014-06-10 | 2015-06-01 |
| KALSBEEK, Maurice Alexander | Director | 2015-06-01 | 2017-01-03 |
| VIJSELAAR, Daniel Christopher | Director | 2016-04-15 | 2017-01-03 |
| WESTWOOD, Tina May | Director | 2017-01-03 | 2017-11-02 |
| INTERTRUST (UK) LIMITED | Corporate Director | 2014-06-10 | 2015-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sumitomo Mitsui Financial Group | Corporate entity | Shares 50–75%, Voting 50–75% | 2022-12-21 | Active |
| Mr Gilbert Chi Hang Ho | Individual | Significant influence | 2018-04-30 | Ceased 2022-12-21 |
| Mr Chi Him Cheng | Individual | Significant influence | 2018-03-21 | Ceased 2022-12-21 |
| Gal Holdco No.2 Limited | Corporate entity | Shares 75–100% | 2016-06-30 | Ceased 2017-01-05 |
| Mr Brian Cheng Chi Ming | Individual | Significant influence | 2016-04-06 | Ceased 2022-12-21 |
| Mr Patrick On Yip Tsang | Individual | Significant influence | 2016-04-06 | Ceased 2022-12-21 |
Filing timeline
Last 20 of 86 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-14 | AA | accounts | Accounts with accounts type full | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-06 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-17 | CH01 | officers | Change person director company with change date | |
| 2024-04-12 | CH02 | officers | Change corporate director company with change date | |
| 2024-04-12 | CH02 | officers | Change corporate director company with change date | |
| 2024-04-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-04-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-14 | AA01 | accounts | Change account reference date company current extended | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-10 | AA | accounts | Accounts with accounts type full | |
| 2022-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-18 | CH01 | officers | Change person director company with change date |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31