GC EXCHANGE LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-06-07 (in 1mo)
Last made up 2025-05-24
Watchouts
None on the register
Cash
£8M
-31.7% vs 2024
Net assets
£4M
-10.9% vs 2024
Employees
7
+40% vs 2024
Profit before tax
-£545K
-134.4% lowest in 6 filed years
Net assets
10-year trend · vs Financials median
Accounts
10-year trend · latest reflected 2025-12-31
| Metric | Trend | 2020-08-31 | 2020-09-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-01-01 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £101,310 | — | £1,889,358 | — | £4,457,690 | — | £2,296,358 | — | £3,757,784 | £2,765,262 | |
| Operating profit | -£417,541 | — | £1,421,206 | — | £1,497,685 | — | -£398,589 | — | -£245,237 | -£557,281 | |
| Profit before tax | -£403,993 | — | £1,421,206 | — | £1,494,789 | — | -£387,429 | — | -£232,567 | -£545,191 | |
| Net profit | -£273,334 | — | £1,283,243 | — | £1,209,657 | — | -£279,622 | — | -£172,789 | -£510,410 | |
| Cash | £1,463,650 | £1,463,650 | £18,459,499 | £18,459,499 | £25,412,702 | — | £14,371,439 | — | £11,148,241 | £7,612,448 | |
| Total assets less current liabilities | £1,185,751 | — | £3,187,813 | — | £6,936,782 | — | £4,856,711 | — | £4,683,318 | £4,172,908 | |
| Net assets | £1,185,751 | — | £3,186,691 | — | £6,935,729 | — | £4,856,107 | — | £4,683,318 | £4,172,908 | |
| Equity | £1,185,751 | — | £3,186,691 | — | £6,935,729 | £6,935,729 | £4,856,107 | £4,856,107 | £4,683,318 | £4,172,908 | |
| Average employees | 3 | — | 4 | — | 7 | — | 4 | — | 5 | 7 | |
| Wages | £90,409 | — | £215,317 | — | £411,697 | — | £354,824 | — | £387,936 | £537,768 |
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 | 2020-08-31 | 2020-09-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-01-01 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -412.1% | — | 75.2% | — | 33.6% | — | -17.4% | — | -6.5% | -20.2% | |
| Net margin | -269.8% | — | 67.9% | — | 27.1% | — | -12.2% | — | -4.6% | -18.5% | |
| Return on capital employed | -35.2% | — | 44.6% | — | 21.6% | — | -8.2% | — | -5.2% | -13.4% | |
| Interest cover | — | — | — | — | 437.28x | — | -1653.90x | — | -5703.19x | -11145.62x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Calders (1883) 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.”
Significant events
- “There were no significant events post year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AAGAARD, Michael | Director | 2024-02-14 | Mar 1978 | Danish |
| HOLST, Lars Birk | Director | 2018-05-25 | Dec 1971 | Danish |
| SCARABINO, Juan Ignacio | Director | 2023-06-06 | Jun 1978 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SCARABINO, Juan Ignacio | Director | 2022-03-02 | 2022-03-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gcex Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-02-01 | Active |
| Mr Lars Birk Holst | Individual | Shares 75–100%, Voting 75–100% | 2018-05-25 | Ceased 2022-02-01 |
Filing timeline
Last 20 of 36 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AA | accounts | Accounts with accounts type full | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-28 | AA | accounts | Accounts with accounts type full | |
| 2024-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-02 | AA | accounts | Accounts with accounts type full | |
| 2024-02-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-21 | AA | accounts | Accounts with accounts type full | |
| 2023-03-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-03-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-05-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-28 | AA | accounts | Accounts with accounts type full | |
| 2022-04-07 | SH01 | capital | Capital allotment shares | |
| 2022-03-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-02 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-02-01 | SH01 | capital | Capital allotment shares | |
| 2021-08-10 | AA01 | accounts | Change account reference date company current extended | |
| 2021-05-27 | CS01 | confirmation-statement | Confirmation statement with updates |
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 2025-12-31 vs 2024-12-31
-
Turnover
-26.4%
£3,757,784 £2,765,262
-
Cash
-31.7%
£11,148,241 £7,612,448
-
Net assets
-10.9%
£4,683,318 £4,172,908
-
Employees
+40%
5 7
-
Operating profit
-127.2%
-£245,237 -£557,281
lowest in 6 filed years
-
Profit before tax
-134.4%
-£232,567 -£545,191
lowest in 6 filed years
-
Wages
+38.6%
£387,936 £537,768
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