GAC NETHERLANDS LIMITED
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Cash
£670K
EUR 781,362
-30.2% vs 2023
Net assets
-£4.2M
EUR -4,845,797
-24.5% lowest in 5 filed years
Employees
38
-2.6% vs 2023
Profit before tax
-£818K
EUR -953,619
-40.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
As referred to in accounting policy 2.2, the company is expecting to transfer its trade, assets and liabilities to the parent company within 12 months of the approval of the financial statements. Therefore the directors have not prepared the accounts on a going concern basis.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £9,118,515 | £7,533,423 | -17.4% | |
| Operating profit | — | — | — | -£332,102 | -£793,505 | -138.9% | |
| Profit before tax | — | — | — | -£581,225 | -£817,505 | -40.7% | |
| Net profit | -£728,690 | -£845,486 | -£191,549 | -£581,225 | -£817,505 | -40.7% | |
| Cash | £174,794 | £452,969 | £1,058,418 | £960,038 | £669,835 | -30.2% | |
| Total assets less current liabilities | £90,656 | £395,170 | £1,203,621 | -£3,336,629 | -£4,154,134 | -24.5% | |
| Net assets | -£2,177,144 | -£3,022,630 | -£3,214,179 | -£3,336,629 | -£4,154,134 | -24.5% | |
| Equity | -£2,177,144 | -£3,022,630 | -£3,214,179 | -£3,336,629 | -£4,154,134 | -24.5% | |
| Average employees | 41 | 36 | 32 | 39 | 38 | -2.6% | |
| Wages | — | — | — | £1,853,764 | £1,847,333 | -0.3% | |
| Directors' remuneration | — | — | — | — | — | — |
Figures converted to GBP from EUR at 0.857 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -3.6% | -10.5% | |
| Net margin | — | — | — | -6.4% | -10.9% | |
| Current ratio | — | — | — | 0.63x | 0.59x | |
| Interest cover | — | — | — | -1.33x | -33.06x |
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.
Name history
Renamed 2 times since incorporation
- GAC NETHERLANDS LIMITED 2009-05-21 → present
- OBC NEDERLAND LIMITED 1996-04-23 → 2009-05-21
- MUTANDERIS (237) LIMITED 1995-10-24 → 1996-04-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As referred to in accounting policy 2.2, the company is expecting to transfer its trade, assets and liabilities to the parent company within 12 months of the approval of the financial statements. Therefore the directors have not prepared the accounts on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEN HOED, Johannes Casper | Director | 2021-12-03 | Dec 1967 | Dutch |
| FREDRIKSSON, Carl Pontus | Director | 2024-01-09 | Jun 1975 | Swedish |
| OKBO, Thomas Hogh | Director | 2021-01-01 | Feb 1974 | Danish |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAHAM, Edward | Secretary | 2016-06-07 | 2019-01-25 |
| GRAHAM, Edward John | Secretary | 2007-03-01 | 2013-05-10 |
| IVANOV, Ilian | Secretary | 2013-05-17 | 2015-11-30 |
| MCNAUGHTON, Duncan Taylor | Secretary | 1996-04-10 | 2006-10-31 |
| BART MANAGEMENT LIMITED | Corporate Nominee Secretary | 1995-10-24 | 1996-04-10 |
| BROUGH, William Gillespie | Director | 1996-04-10 | 2008-03-31 |
| EBBERSTEN, Erland | Director | 2008-03-31 | 2011-05-01 |
| EKSTRAND, Bengt Ake | Director | 2012-10-31 | 2024-01-09 |
| FIRKIN, Richard John Sydney | Director | 2001-11-01 | 2003-10-23 |
| HOOGENBOEZEM, Marinus | Director | 1997-03-04 | 2012-10-18 |
| LEACH, Andrew Manley | Director | 2008-03-31 | 2012-10-31 |
| MARSHALL, William | Director | 1996-04-10 | 2001-11-01 |
| MERRITT, Philip Roy | Director | 2001-11-01 | 2003-10-23 |
| SAFVERSTROM, Lars Goran | Director | 2008-03-31 | 2010-12-31 |
| THOMPSON, Geoffrey Kenneth | Director | 1995-12-20 | 2001-11-01 |
| VAN DEN AKKER, Mark Jan | Director | 2013-06-17 | 2016-09-27 |
| VAN DER SCHAFT, Rudolf | Director | 1997-03-04 | 2000-07-27 |
| VERHEYEN, Ivo Rene Monique | Director | 2011-05-01 | 2020-12-31 |
| WESTER, Hakan Tommy Bo | Director | 2011-01-01 | 2019-01-25 |
| WIGNALL, John Alexander | Director | 1996-04-10 | 2008-03-31 |
| ZWERUS, Hans | Director | 2016-09-27 | 2021-12-03 |
| BART SECRETARIES LIMITED | Corporate Nominee Director | 1995-10-24 | 1995-12-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gulf Agency Company (Holdings) B.V. | Corporate entity | Shares 75–100% | 2020-01-01 | Ceased 2020-01-01 |
| Mr Bjorn Alfred Engblom | Individual | Voting 75–100% | 2016-04-16 | Active |
| Gulf Agency Company (Holdings) B.V. | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2025-11-03 |
Filing timeline
Last 20 of 138 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-12-09 | AA | accounts | Accounts with accounts type small | |
| 2024-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-16 | AA | accounts | Accounts with accounts type small | |
| 2024-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type small | |
| 2021-12-14 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-20 | AAMD | accounts | Accounts amended with accounts type small | |
| 2021-09-23 | AA | accounts | Accounts with accounts type small | |
| 2021-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-07 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.