UK Companies House feature
GISMART LIMITED
Cash
£10M
-56.3% vs 2019
Net assets
£62M
+484.3% vs 2019
Employees
8
0% vs 2019
Profit before tax
-£4M
-344.1% vs 2019
Profile
- Company number
- 10152488
- Status
- Active
- Incorporation
- 2016-04-28
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62011
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2020-12-31
| Metric | Trend | 2019-11-01 | 2019-12-31 | 2020-12-31 |
|---|---|---|---|---|
| Turnover | — | £13,237,990 | £61,279,959 | |
| Operating profit | — | £1,376,655 | £8,453,756 | |
| Profit before tax | — | £1,456,373 | -£3,554,554 | |
| Net profit | — | £1,161,518 | -£5,071,437 | |
| Cash | £27,940,853 | £22,589,759 | £9,874,285 | |
| Total assets less current liabilities | — | £10,937,433 | £86,910,723 | |
| Net assets | — | £10,617,881 | £62,039,123 | |
| Equity | £10,268,760 | £11,681,439 | £62,039,123 | |
| Average employees | — | 8 | 8 | |
| Wages | — | £292,276 | £996,024 |
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
- Consolidated (group)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. In assessing the Group's ability to continue as a going concern, the director has considered the current geopolitical situation, including the ongoing tensions in Eastern Europe. The director notes that the Group's exposure to the affected regions has significantly reduced, and they have concluded that these factors do not give rise to material uncertainty regarding the Group's ability to continue trading for at least 12 months from the date of approval of these financial statements. At the reporting date, the Group had a loan amounting to $17.45 million due to it's parent Gismart Limited (BVI), which was fully repaid during 2025. The director has prepared cash flow forecasts and considered the expected future development of the business. Based on these assessments, the director has a reasonable expectation that the Group will have adequate resources to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements. Accordingly, the going concern basis of preparation has been adopted.”
Subsidiaries
- Fulfilling Inc. · 100% held · USA
Significant events
- “On 4 March 2025, Gismart Limited sold its BI/Billing application to a Cyprus based related entity. As this transaction took place after 31 December 2024, it is considered a non-adjusting event and has no impact on the financial position reported as at year end.”
- “On 12 February 2025, Gismart Limited completed the sale of its My Growth App to a Cyprus based related entity. As this transaction took place after 31 December 2024, it is considered a non-adjusting event and has no impact on the financial position reported as at year end.”
- “Subsequent to the year end, an ongoing HMRC enquiry was closed. The Group reached a resolution with HMRC under a suspended penalty arrangement amounting to £42,750 (approx $53,504).”
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
1 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MIHAYLOVA, Snejanka Atanassova | Director | 2025-05-01 | Feb 1978 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LIPNITSKY, Dmitri | Director | 2016-12-20 | 2023-03-31 |
| MINETS, Aliaksandr | Director | 2016-04-28 | 2025-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Dmitri Lipnitsky | Individual | Shares 25–50% | 2016-12-21 | Active |
| Mr Alaiksandr Minets | Individual | Shares 25–50% | 2016-04-28 | Active |
Filing timeline
Last 20 of 42 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2026-04-12 | AA | accounts | accounts with accounts type full |
| 2026-03-07 | DISS40 | gazette | gazette filings brought up to date |
| 2026-03-03 | GAZ1 | gazette | gazette notice compulsory |
| 2025-05-06 | TM01 | officers | termination director company with name termination date |
| 2025-05-06 | AP01 | officers | appoint person director company with name date |
| 2025-04-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-02-27 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2024-11-14 | AA | accounts | accounts with accounts type full |
| 2024-04-22 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-11-03 | AA | accounts | accounts with accounts type full |
| 2023-06-30 | AD01 | address | change registered office address company with date old address new address |
| 2023-04-22 | TM01 | officers | termination director company with name termination date |
| 2023-04-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-03-15 | AA | accounts | accounts with accounts type full |
| 2022-07-20 | AA | accounts | accounts with accounts type full |
| 2022-05-31 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-03-16 | CH01 | officers | change person director company with change date |
| 2022-03-14 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2022-03-11 | DISS40 | gazette | gazette filings brought up to date |
Credit score
Altman Z″ (private-firm) · reference 2020-12-31
2.94
SAFE
Altman Z″
- Working capital / Total assets 0.086 × 6.56 = +0.57
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.086 × 6.72 = +0.58
- Book equity / Total liabilities 1.713 × 1.05 = +1.80
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