GASREC LTD
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Cash
£9.2m
+58% highest in 3 filed years
Net assets
£31m
+69% highest in 3 filed years
Employees
53
+6% highest in 3 filed years
Profit before tax
£2.8m
+11,152% highest in 3 filed years
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £47,376,000 | £56,785,000 | £72,701,000 | +28% | |
| Operating profit | -£813,000 | £358,000 | £3,227,000 | +801.4% | |
| Profit before tax | -£1,077,000 | £25,000 | £2,813,000 | +11,152% | |
| Net profit | -£1,077,000 | — | £3,427,000 | — | |
| Cash | £5,238,000 | £5,853,000 | £9,247,000 | +58% | |
| Total assets less current liabilities | £21,810,000 | £22,129,000 | £34,473,000 | +55.8% | |
| Net assets | £18,607,000 | £18,632,000 | £31,479,000 | +69% | |
| Equity | £18,607,000 | £18,632,000 | £31,479,000 | +69% | |
| Average employees | 48 | 50 | 53 | +6% | |
| Wages | £3,874,000 | £4,426,000 | £4,609,000 | +4.1% | |
| Directors' remuneration | £671,000 | £675,000 | £784,000 | +16.1% |
Values shown as filed in the company's annual accounts. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -1.7% | 0.6% | 4.4% | |
| Net margin | -2.3% | — | 4.7% | |
| Return on capital employed | -3.7% | 1.6% | 9.4% | |
| Gearing (liabilities / total assets) | 39.1% | 42.7% | 31.6% | |
| Current ratio | 1.95x | 1.73x | 2.52x | |
| Interest cover | -2.13x | 0.88x | 5.53x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors concluded that existing facilities and the available management interventions provide sufficient liquidity and there is no material uncertainty as to the ability of the company to remain in operational existence for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.”
Significant events
- “In July 2025 the company secured a £10m equity investment from Centrica Energy Investments Limited providing the capital required for the next phase of the company's station network development plans.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICHARDSON, Helen Elizabeth | Secretary | 2025-05-27 | — | — |
| CUTLER, Brian James | Director | 2016-09-28 | Nov 1971 | British |
| FRETWELL, Michael Robert | Director | 2011-12-06 | Jun 1951 | British |
| HARE, Scott William | Director | 2021-12-01 | Jul 1977 | British |
| MANSON, Christopher John Justin | Director | 2023-09-01 | Jan 1960 | British |
| MOCATTA, Patrick Jacques Elkin | Director | 2011-12-06 | May 1949 | British |
| WOOD, Robert Ian Frank | Director | 2013-05-17 | Oct 1964 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CUTTS, George | Secretary | 2003-07-23 | 2005-04-08 |
| HARBER, Ben | Secretary | 2012-11-22 | 2025-05-27 |
| INGALL, James Peter Henniker | Secretary | 2012-10-01 | 2012-11-21 |
| JANE SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2005-04-08 | 2012-10-01 |
| CORNISH, Roger Alan | Director | 2011-12-06 | 2022-01-26 |
| CUMNER, Clive | Director | 2006-10-04 | 2009-07-31 |
| CUTTS, George Graham | Director | 2003-07-23 | 2007-05-23 |
| INGALL, James Peter Henniker | Director | 2006-10-04 | 2015-12-31 |
| JONG, Andrew Peter | Director | 2011-12-06 | 2013-11-18 |
| KLER, Satish Chander, Dr | Director | 2008-11-05 | 2013-10-31 |
| LEE, Andrew William | Director | 2021-06-03 | 2022-05-24 |
| LILLEYSTONE, Richard John | Director | 2003-07-23 | 2011-03-31 |
| NASH, Christopher John | Director | 2011-03-04 | 2021-04-16 |
| THORNEYCROFT-SMITH, Christopher Francis | Director | 2014-02-01 | 2021-06-08 |
| WATKINS, Anthony Patrick | Director | 2011-01-04 | 2013-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Britannic Strategies Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-12-01 | Active |
Filing timeline
Last 20 of 223 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-29 MA Memorandum articles
- 2025-07-29 RESOLUTIONS Resolution
- 2024-02-12 RESOLUTIONS Resolution
- 2024-02-12 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-29 | MA | incorporation | Memorandum articles | |
| 2025-07-29 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-25 | SH01 | capital | Capital allotment shares | |
| 2025-07-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-07-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-18 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-08-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-12 | MA | incorporation | Memorandum articles | |
| 2023-10-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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.