GCS BIDCO LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-04-19.

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The directors continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. GCS BIDCO LIMITED · parent
   1. GCS Recruitment Holdings Limited 100% · England and Wales · Holding Company
   2. GCS Recruitment Specialists Limited 100% · England and Wales · Employment & recruitment services
   3. GCS Talent Inc. 100% · USA · Employment & recruitment services
   4. GCS Resources (Europe) Limited 100% · Ireland · Employment & recruitment services
   5. GCS Recruitment Limited 100% · England and Wales · Dormant company

Significant events

• “As disclosed in note 30 of the Westminster Topco Limited financial statements, on 15 December 2025, the Group completed the acquisition of Opus Talent Solutions Limited (together with its immediate parent and its subsidiaries) and agreed an amended bank loan waterfall with revised bank loan covenant ratios for the remaining period of the Senior bank facility (to October 2028). There were no changes made to the £20 million Revolving Credit Facility or the quantum or repayment date of the Senior £85 million bank facility. The Westminster Group has taken on a new Junior term bank facility of £14.9 million with the acquired Opus group. The terms of this new Junior term bank facility include a full subordination to the existing Senior £85 million facility, a maturity date beyond October 2028 with interest rolled up in full until repayment.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -19.6%

  -£1,632,000 → -£1,952,000

• Employees

  —

  Not reported

• Operating profit

  -600%

  -£1,000 → -£7,000

• Profit before tax

  -18.1%

  -£271,000 → -£320,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers