GRAVITY SUPPLY CHAIN SOLUTIONS LIMITED

• ⚠

  Material uncertainty over going concern

  The Group incurred a loss of USD2,120,066 for the year ended 31 December 2024 and, as of that date, the Group's net current liabilities exceeded its net current assets by USD5,883,307, and the Group's total liabilities exceeded its total assets by USD13,630,282 These conditions indicate the existence of a material uncertainty which may cast significant doubt about the Group's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. GRAVITY SUPPLY CHAIN SOLUTIONS LIMITED 2025-11-06 → present
2. GRAVITY SUPPLY CHAIN SOLUTIONS (HK) LIMITED 2015-05-07 → 2025-11-06

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

HKFRS for Private Entities Accounting Standard

Reporting scope

Consolidated group

Auditor

Q Star CPA & Co.

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The Group incurred a loss of USD2,120,066 for the year ended 31 December 2024 and, as of that date, the Group's net current liabilities exceeded its net current assets by USD5,883,307, and the Group's total liabilities exceeded its total assets by USD13,630,282 These conditions indicate the existence of a material uncertainty which may cast significant doubt about the Group's ability to continue as a going concern.”

Group structure

1. GRAVITY SUPPLY CHAIN SOLUTIONS LIMITED · parent
   1. Gravity Supply Chain Solutions (Australia) Pty Ltd 100% · Australia · Deregistered on 11 December 2024
   2. Gravity Supply Chain Solutions Pte Ltd 100% · Singapore · Struck off on 4 March 2024
   3. Gravity Supply Chain Solutions Inc 100% · United States of America · Inactive

Significant events

• “Subsequent to the end of the reporting period, the Company has entered into a new loan agreement dated January 26, 2025; replacing the 17 existing loan agreements with director Hemant Kumar Bhatt The principal of the new loan, which is USD 8,094,337, is part of the overall principal amount of existing loans, including accrued interest from the prior agreements This new loan has a term of 15 years and an interest rate of 7 5% per annum.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -12.8%

  £841,846 → £734,470

• Cash

  +31.5%

  £16,497 → £21,694

• Net assets

  -18.5%

  -£8,525,778 → -£10,103,990

• Employees

  —

  Not reported

• Operating profit

  +13.9%

  -£1,393,925 → -£1,200,260

• Profit before tax

  +0.7%

  -£1,569,489 → -£1,558,543

• Wages

  -23.9%

  £1,622,179 → £1,234,036

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