GEARSET LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-31 (in 3mo)
Last made up 2025-08-17
Watchouts
None on the register
Cash
£17M
-1.1% vs 2023
Net assets
£6M
+0.7% first positive since 2021
Employees
262
+22.4% highest in 6 filed years
Profit before tax
—
Period ending 2024-12-31
Net assets
8-year trend · vs Technology median
Accounts
8-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Audit & accounting basis
- 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.”
Group structure
- GEARSET LIMITED · parent
- Gearset Inc 100%
- Space Heroes Limited 100%
- Clayton Technologies Inc 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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
Material constitutional events — rename, articles re-file, resolution
- 2025-07-02 RESOLUTIONS Resolution
- 2025-05-19 RESOLUTIONS Resolution
- 2025-05-19 MA Memorandum articles
- 2024-09-27 RESOLUTIONS Resolution
- 2024-07-25 RESOLUTIONS Resolution
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 4
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-1.1%
£17,287,038 £17,088,659
-
Net assets
+0.7%
£6,430,000 £6,471,991
first positive since 2021
-
Employees
+22.4%
214 262
highest in 6 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