UK Companies House feature
GEARSET LIMITED
Cash
£17M
-1.1% vs 2023
Net assets
£6M
+0.7% vs 2023
Employees
262
+22.4% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 10345423
- Status
- Active
- Incorporation
- 2016-08-25
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 62012
Net assets
8-year trend · vs UK AI & Enterprise SaaS median
Accounts
8-year trend · latest 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | — | — | |
| Net profit | — | — | — | -£1,270,201 | -£4,790,024 | — | -£3,289,972 | -£996,730 | |
| Cash | £1,668,907 | £3,226,359 | — | £3,590,453 | £17,561,400 | — | £17,287,038 | £17,088,659 | |
| Total assets less current liabilities | £159,573 | £1,146,830 | — | -£224,183 | £10,391,323 | — | £7,247,452 | £7,243,725 | |
| Net assets | £101,613 | £650,373 | — | -£614,712 | £9,697,110 | — | £6,430,000 | £6,471,991 | |
| Equity | £101,613 | £650,373 | £651,883 | -£580,621 | £9,697,110 | £9,697,110 | £6,430,000 | £6,471,991 | |
| Average employees | 41 | 65 | — | 110 | 159 | — | 214 | 262 | |
| Wages | — | — | — | — | — | — | — | — |
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
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management has undertaken high-level cash flow forecasting across a range of scenarios, each of which indicates a strong forecasted cash position over the going concern assessment period. The directors therefore consider the group to have adequate resources to meet its obligations as they fall due and have prepared the financial statements on a going concern basis. No material uncertainty in relation to going concern has been identified.”
Subsidiaries
- Gearset Inc · 100% held · USA
- Space Heroes Limited · 100% held · United Kingdom
- Clayton Technologies Inc · 100% held · USA
Significant events
- “On 11 September 2024, the group acquired control of Space Heroes Ltd through the purchase of 100% of the share capital for total consideration of £8,730,725, of which £1,710,000 is held within creditors as a contingent consideration.”
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
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREENWOOD, Jason | Secretary | 2024-07-05 | — | — |
| BOYLE, Kevin | Director | 2017-10-03 | Mar 1986 | Irish |
| BROWN, Simon | Director | 2022-05-24 | Sep 1961 | British |
| GALBRAITH, Simon David, Dr | Director | 2016-08-25 | Apr 1972 | British |
| RAO, Srikant | Director | 2022-05-24 | Jun 1985 | American |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TECH-CFO LIMITED | Corporate Secretary | 2017-08-01 | 2022-06-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Simon David Galbraith | Individual | Shares 50–75%, Voting 75–100%, Appoints directors, significant-influence-or-control-as-firm | 2016-08-25 | Active |
Filing timeline
Last 20 of 62 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-02 | SH01 | capital | capital allotment shares |
| 2025-09-18 | AA | accounts | accounts with accounts type group |
| 2025-09-05 | CH03 | officers | change person secretary company with change date |
| 2025-09-05 | AD01 | address | change registered office address company with date old address new address |
| 2025-08-21 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-07-02 | RESOLUTIONS | resolution | resolution |
| 2025-06-26 | SH01 | capital | capital allotment shares |
| 2025-05-19 | RESOLUTIONS | resolution | resolution |
| 2025-05-19 | MA | incorporation | memorandum articles |
| 2024-11-29 | SH01 | capital | capital allotment shares |
| 2024-10-13 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2024-09-27 | RESOLUTIONS | resolution | resolution |
| 2024-09-20 | SH01 | capital | capital allotment shares |
| 2024-09-11 | AA | accounts | accounts with accounts type group |
| 2024-08-19 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-07-25 | RESOLUTIONS | resolution | resolution |
| 2024-07-05 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2024-07-05 | AP03 | officers | appoint person secretary company with name date |
| 2023-12-13 | AA | accounts | accounts with accounts type group |
| 2023-10-17 | SH01 | capital | capital allotment shares |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory