GEOEX MCG LTD
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Cash
£1.9m
USD 2,625,899
-60.4% lowest in 3 filed years
Net assets
£5.4m
USD 7,343,897
-15.3% lowest in 3 filed years
Employees
17
0% vs 2024
Profit before tax
-£572k
USD -772,050
+73.7% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-30
| Metric | Trend | 2023-12-30 | 2024-12-30 | 2025-12-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £9,780,000 | £5,567,139 | £6,972,767 | +25.2% | |
| Operating profit | £1,013,502 | -£2,321,997 | -£623,121 | +73.2% | |
| Profit before tax | £1,092,270 | -£2,171,960 | -£571,593 | +73.7% | |
| Net profit | £459,440 | -£2,188,171 | -£543,843 | +75.1% | |
| Cash | £3,577,691 | £4,914,870 | £1,944,102 | -60.4% | |
| Total assets less current liabilities | £8,630,513 | £6,552,587 | £5,553,639 | -15.2% | |
| Net assets | £8,495,733 | £6,419,792 | £5,437,104 | -15.3% | |
| Equity | £8,495,733 | £6,419,792 | £5,437,104 | -15.3% | |
| Average employees | 17 | 17 | 17 | 0% | |
| Wages | £1,781,897 | £1,667,378 | £1,524,363 | -8.6% | |
| Directors' remuneration | £394,226 | £404,251 | £382,086 | -5.5% | |
| Directors' pension contributions | £72,788 | £60,843 | £81,564 | +34.1% |
Figures converted to GBP from USD at 0.740 per USD (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 | 2023-12-30 | 2024-12-30 | 2025-12-30 |
|---|---|---|---|---|
| Operating margin | 10.4% | -41.7% | -8.9% | |
| Net margin | 4.7% | -39.3% | -7.8% | |
| Return on capital employed | 11.7% | -35.4% | -11.2% | |
| Gearing (liabilities / total assets) | 36.3% | 38.0% | 47.3% | |
| Current ratio | 1.81x | 1.78x | 1.73x |
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
- GEOEX MCG LTD 2020-09-02 → present
- GEOEX LTD 2016-06-25 → 2020-09-02
- EICS (INTERNATIONAL) LIMITED 2003-07-17 → 2016-06-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Accendo Consulting Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded that the Group has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Group's ability to continue as a going concern”
Group structure
- GEOEX MCG LTD · parent
- Geoex Panama S.A. 100%
- Geoex MCG LLC 100%
- Multiclient Geophysical (Pte) Ltd 100%
- Multiclient Geophysical Mexico 100%
- EICS de Mexico, S. de R.L. de C.V. 100%
Significant events
- “The Group is a respondent in arbitration proceedings brought by a Russian entity under the rules of a European Union based Arbitration Institute. The claim relates to an invoice of USD 1.17 million issued prior to the imposition of international sanctions on Russia in 2022.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GIBSON, Andrea | Secretary | 2021-11-25 | — | — |
| THOMAS, Kenneth | Secretary | 2020-06-24 | — | — |
| BENICHOU, Pierre | Director | 2020-06-24 | Mar 1940 | French |
| LIPSKY, Pascal | Director | 2003-07-22 | Oct 1958 | French |
| LIPSKY-GIBSON, Andrea | Director | 2026-09-01 | Apr 1987 | French |
| WOLDEN, Tom | Director | 2022-01-01 | Oct 1955 | Norwegian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOTTRILL, Iain David | Secretary | 2009-01-26 | 2020-06-24 |
| LIPSKY, Esther Diane | Secretary | 2003-07-22 | 2009-01-26 |
| WAYNE, Harold | Nominee Secretary | 2003-07-17 | 2003-07-22 |
| BENICHOU, Pierre | Director | 2008-09-19 | 2015-06-30 |
| BOTTRILL, Iain David | Director | 2012-12-01 | 2020-06-24 |
| LIPSKY, Esther Diane | Director | 2003-07-22 | 2015-10-01 |
| WAYNE, Yvonne | Nominee Director | 2003-07-17 | 2003-07-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Pierre Benichou | Individual | Shares 25–50%, Voting 25–50% | 2016-07-01 | Ceased 2019-10-22 |
| Mr Pascal Lipsky | Individual | Significant influence | 2016-07-01 | Ceased 2019-10-22 |
| Mr Pascal Lipsky | Individual | Shares 25–50%, Voting 25–50% | 2016-07-01 | Active |
| Mr Pierre Benichou | Individual | Shares 25–50%, Voting 25–50%, Appoints directors, Significant influence | 2016-07-01 | Active |
Filing timeline
Last 20 of 119 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-02 | AA | accounts | Accounts with accounts type group | |
| 2026-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-12 | AA | accounts | Accounts with accounts type group | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AA | accounts | Accounts with accounts type group | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-09 | AA | accounts | Accounts with accounts type group | |
| 2023-07-28 | SH01 | capital | Capital allotment shares | |
| 2022-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-28 | AA | accounts | Accounts with accounts type group | |
| 2022-01-11 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type group | |
| 2021-01-27 | AAMD | accounts | Accounts amended with accounts type group | |
| 2021-01-19 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.