Gel Engineering Limited

Gel Engineering Ltd, based in Enfield, UK, is a holding company with a solid 13-year history. Employing 99 people and boasting assets of £12,005,804, the company generated a revenue of £26,511,684 in its last reported year. It's a real address, with three directors and four owners, and currently holds a Google rating of 4.0 based on four reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances, with its last import operation made in August 01, 2023.

Gel Engineering operates as a holding company, and its website reveals a focus on infrastructure engineering, civil excavation, and fabrication services. It provides end-to-end solutions, from initial design to equipment hiring, and even offers training. The company's website showcases its commitment to sustainability, highlighting its work in enabling services and plant equipment.

Financially, Gel Engineering’s numbers paint a mixed picture. Accumulated depreciation on property, plant, and equipment has steadily increased, with motor vehicles seeing a particularly large jump. However, the company has also seen a significant increase in administrative expenses, rising by 24%. Amounts owed by related parties have also increased substantially, while amounts owed to related parties have decreased. Average number of employees has increased by 40%, which is a positive sign. Cash and cash equivalents have increased by 16%, but net assets have decreased.

The company’s turnover has increased by 17%, but the rise in losses and increased borrowings suggest it’s burning through cash. The increase in administrative expenses and the rise in amounts owed to related parties are also concerning. However, the increase in employee numbers and the growth in turnover suggest the company is still growing, despite these challenges. The absence of an auditor mentioned indicates the company is exempt, meaning the financial statements are unaudited.

Registered in England/Wales under the registration number 08032283, with a registered address at EN3 7XU, England, Enfield, Suite 62, The Wenta Business Centre, 1 Electric Avenue.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.