GEMSOFT7 LIMITED Financials
- Company number
- SC256913CopyCopy
- Registered office
- C/O Johnston Carmichael, 227 West George Street, Glasgow G2 2ND
- Incorporated
- 01/10/2003
Company snapshot
- Status
- Active
- Employees
- 11 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-71.42%vs 20232023: £87.02K
Total Assets
-35.76%vs 20232023: £13.11K
Cash in Bank
-5.94%vs 20232023: £52.64K
Employees
+1vs 20232023: 10
In 2024, GEMSOFT7 LIMITED reported net assets of £24.87K. The same filing shows total assets of £8.42K and cash in bank of £49.51K. Reported headcount was 11 in 2024. Net Assets fell from £87.02K in 2023 to £24.87K in 2024 (-71.42%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-71.42%from £87.02K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures GEMSOFT7 LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+77.2%vs 2022+33.1% a year compound (CAGR)
Cash in Bank
+163%vs 2022+62% a year compound (CAGR)
Total Assets
-44.3%vs 2022-25.4% a year compound (CAGR)
Employees
+10%vs 2022+1Biggest increase
Cash in Bank+163%
£18.86K in 2022 to £49.51K in 2024
Biggest decrease
Total Assets-44.3%
£15.13K in 2022 to £8.42K in 2024
GEMSOFT7 LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in total assets, pointing to a narrowing asset base. See the full year-by-year figures.
Ratios from the filed figures
Calculated from GEMSOFT7 LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 295.22%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Cash to total assets
- 587.73%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for GEMSOFT7 LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 41.53K | 14.04K | 87.02K | 24.87K |
| Total Assets£ | 8.35K | 15.13K | 13.11K | 8.42K |
| Cash in Bank£ | 76.86K | 18.86K | 52.64K | 49.51K |
| Total Liabilities£ | – | – | – | – |
| Employees | 11 | 10 | 10 | 11 |
GEMSOFT7 LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for GEMSOFT7 LIMITED covering 2021–2024, across 4 reported indicators. The most recent reported year is 2024.
GEMSOFT7 LIMITED reported net assets of £24.87K for 2024. That compares with £87.02K in 2023, a change of -71.42%.
GEMSOFT7 LIMITED reported total assets of £8.42K for 2024. That compares with £13.11K in 2023, a change of -35.76%.
GEMSOFT7 LIMITED reported cash in bank of £49.51K for 2024. That compares with £52.64K in 2023, a change of -5.94%.
GEMSOFT7 LIMITED reported 11 employees in 2024, compared with 10 in 2023.
Between 2022 and 2024, GEMSOFT7 LIMITED's net assets rose by 77.2%, cash in bank rose by 163%, total assets fell by 44.3% and employee numbers rose by 10%. Net assets compounded at 33.1% a year across the two years to 2024, from £14.04K to £24.87K. Reported headcount went from 10 in 2022 to 11 in 2024 (+1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.