Gem Partnership Limited in Newcastle Upon Tyne, NE2 1TJ

Description

Data updated on: 01-11-2023

Registered at Fernwood House Fernwood Road, Newcastle Upon Tyne NE2 1TJ Gem Partnership Limited is a Private Limited Company registered under the 06931626 Companies House Reg No. The firm was established fifteen years ago. The registered name switch from Torso to Gem Partnership Limited came on 2009-10-06. The company's classified under the NACE and SIC code 78200: Temporary employment agency activities. 2023-03-31 is the last time account status updates were filed.

The directors currently officially appointed by this specific business include: Lee R. appointed on 2009-09-25, Robert D. appointed in 2009, Ian M. appointed in 2009 and Maria M..

The companies that control this firm are as follows: Kinetic Holdings Limited owns 1/2 or less of company shares and has 1/2 or less of voting rights. This business can be reached in Newton Aycliffe at Grangeside, Redworth, DL5 6NX, Co Durham and was registered as a PSC under the registration number 09644273. Ian M. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Lynsey D. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Previous company's names
Gem Partnership Limited 2009-10-06
Torso Limited 2009-06-11

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	559 627	663 481	596 611	1 115 446	437 628	406 329
Current Assets	2 778 446	2 992 740	2 124 146	3 075 988	3 283 903	4 481 891
Debtors	2 217 811	2 327 253	1 521 480	1 959 119	2 843 019	4 072 948
Net Assets Liabilities	442 236	580 421	441 459	617 890	742 806	1 288 232
Other Debtors	19 517	19 773	20 758	27 319	27 673	22 725
Property Plant Equipment	59 139	46 376	53 708	38 962	47 027	54 980
Total Inventories	1 008	2 006	6 055	1 423	3 256

Other Financial Data
Audit Fees Expenses	2 750	3 432	3 950		7 300	6 570
Accrued Liabilities Deferred Income				347 420	442 000	580 341
Accumulated Depreciation Impairment Property Plant Equipment	48 805	67 125	62 215	102 069	120 610	142 303
Additions Other Than Through Business Combinations Property Plant Equipment					26 606	29 646
Administrative Expenses	1 692 277	1 505 711	1 556 042	1 475 017	1 595 779	2 093 336
Average Number Employees During Period	662	701	745	690	854	1 206
Bank Borrowings	131 944	58 795		150 000
Bank Borrowings Overdrafts	48 580	58 795		18 750	118 115
Banking Arrangements Classified As Cash Cash Equivalents					-118 115
Bank Overdrafts					118 115
Cash Cash Equivalents				1 277 193	319 513
Cash Cash Equivalents Cash Flow Value	559 627			1 115 446	319 513	406 329
Corporation Tax Payable	111 640	128 262	81 734	172 016	185 823	307 242
Corporation Tax Recoverable	5 000	5 000	5 000	5 000	5 000	5 000
Cost Sales	12 578 902	12 754 813	13 597 595	16 904 121	18 646 261	25 448 441
Creditors	48 580	2 450 272	1 725 785	2 358 622	2 576 580	3 235 079
Current Tax For Period	111 640	128 262	81 734	171 480	185 823	307 242
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				-1 866	4 356	2 016
Depreciation Impairment Expense Property Plant Equipment					18 541	21 693
Dividend Income From Group Undertakings					75 988
Dividends Paid	352 154	357 792	458 432		735 585	739 442
Dividends Paid Classified As Financing Activities	-352 154	-357 792	-458 432	-478 464	-735 585	-739 442
Dividends Paid On Shares Interim	352 154	357 792	458 432		735 585	739 442
Dividends Received Classified As Investing Activities					-75 988
Fixed Assets	59 139	46 476	53 808	39 062	47 127	55 080
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	83 334	-1 218 265	329		150 000
Further Item Tax Increase Decrease Component Adjusting Items				-1 865	-3 049	2 016
Future Minimum Lease Payments Under Non-cancellable Operating Leases	57 798	57 798	57 798		35 538	202 634
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	384 168	-583 264	599 530		-88 346	-655 195
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-237 826	-109 442	805 673		883 900	1 229 929
Gain Loss In Cash Flows From Change In Inventories					1 833	-642
Government Grant Income				278 649	53 257
Gross Profit Loss	2 229 631	2 133 232	1 950 534	2 084 417	2 504 484
Income Taxes Paid Refund Classified As Operating Activities	-88 625	-111 640	-128 262	-71 447	-155 576	-185 823
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-193 877	103 854	-66 870		795 933	-86 816
Increase From Depreciation Charge For Year Property Plant Equipment		18 320	8 847		18 541	21 693
Investments Fixed Assets		100	100	100	100	100
Investments In Subsidiaries				100	100	100
Net Assets Liabilities Subsidiaries		-100	484			100
Net Cash Generated From Operations	-705 147	47 863	-1 817 949	-1 917 436	-195 846	-1 041 727
Net Current Assets Liabilities	443 123	542 468	398 361		707 323	1 246 812
Net Finance Income Costs					75 988
Other Creditors	6 455	132 836	270 467	445 377	611 956	515 746
Other Interest Receivable Similar Income Finance Income					75 988
Other Operating Income Format1			9 648		65 987	103 956
Other Taxation Social Security Payable	1 217 315	686 681	1 150 864		1 186 007	1 768 929
Pension Other Post-employment Benefit Costs Other Pension Costs	90 283	74 951	118 027	276 545	430 966	469 960
Percentage Class Share Held In Subsidiary		100	100		100
Prepayments Accrued Income	42 201	39 797	40 108	15 004	63 568	57 592
Profit Loss	419 291	495 977	319 470	653 913	860 501	1 284 868
Profit Loss On Ordinary Activities Before Tax	533 122	621 316	403 391	891 290	1 050 680	1 594 126
Property Plant Equipment Gross Cost	107 944	113 501	115 923	141 031	167 637	197 283
Purchase Property Plant Equipment	-29 633	-5 557	-19 987		-26 606	-29 646
Raw Materials Consumables				1 423	3 256
Social Security Costs	588 921	545 715	693 373	986 682	1 222 580
Staff Costs Employee Benefits Expense	9 787 474	9 715 047	11 495 475	16 996 497	19 541 764	26 591 021
Taxation Including Deferred Taxation Balance Sheet Subtotal				7 288	11 644	13 660
Tax Decrease Increase From Effect Revenue Exempt From Taxation					14 435
Tax Expense Credit Applicable Tax Rate	106 624	124 263	76 644		199 629	302 884
Tax Increase Decrease From Effect Capital Allowances Depreciation	-2 096	2 553	-1 393	1 914	-3 049
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	7 112	6 467	6 594	220	3 678	7 556
Tax Tax Credit On Profit Or Loss On Ordinary Activities	113 831	125 339	83 921	169 614	190 179	309 258
Total Assets Less Current Liabilities	502 262	588 944	452 169		754 450	1 301 892
Total Borrowings	644 478	1 277 389		18 750	118 115
Trade Creditors Trade Payables	31 946	41 296	30 217	17 685	32 679	62 821
Trade Debtors Trade Receivables	2 131 093	2 242 683	1 410 184	1 855 366	2 746 778	3 987 631
Turnover Revenue	14 808 533	14 888 045	15 548 129	18 988 538	21 150 745
Wages Salaries	9 108 270	9 094 381	10 684 075	15 733 270	17 888 218	24 378 287
Director Remuneration	40 715	40 403	42 597		35 376	71 435
Director Remuneration Benefits Including Payments To Third Parties					274 209	316 415
Amount Specific Advance Or Credit Directors	5 000	5 000	5 000
Company Contributions To Money Purchase Plans Directors	38 400	38 400	38 400
Dividend Recommended By Directors		357 792	458 432
Number Directors Accruing Benefits Under Money Purchase Scheme	4	4	4
Accrued Liabilities	372 069	183 708	192 503
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		-2 923	2 187
Amounts Owed By Group Undertakings			25 430
Amounts Owed To Group Undertakings		100
Applicable Tax Rate	20	20	19
Comprehensive Income Expense	419 291	495 977	319 470
Depreciation Amortisation Expense	19 155	18 320	8 847
Depreciation Expense Property Plant Equipment	19 155	18 320	8 847
Disposals Decrease In Depreciation Impairment Property Plant Equipment			13 757
Disposals Property Plant Equipment			17 565
Dividend Per Share Interim		649	832
Further Item Bank Borrowings Overdrafts Component Total Bank Borrowings Overdrafts	512 534	329
Gain Loss On Disposal Assets Income Statement Subtotal			-3 808
Gain Loss On Disposals Property Plant Equipment			-3 808
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	-2 296	998	4 049
Interest Expense On Bank Loans Similar Borrowings	4 232	6 205	749
Interest Paid Classified As Operating Activities	-4 232	-6 205	-749
Interest Payable Similar Charges Finance Costs	4 232	6 205	749
Investments In Group Undertakings		100	100
Merchandise	1 008	2 006	6 055
Net Cash Flows From Used In Financing Activities	776 534	-275 119	1 735 821
Net Cash Flows From Used In Investing Activities	29 633	5 557	19 987
Net Cash Flows From Used In Operating Activities	-612 290	165 708	-1 688 938
Number Shares Issued Fully Paid		551	551
Operating Profit Loss	537 354	627 521	404 140
Other Deferred Tax Expense Credit	2 191	-2 923	2 187
Other Remaining Borrowings	512 534	1 218 594
Par Value Share		1	1
Proceeds From Borrowings Classified As Financing Activities		-58 000
Profit Loss Subsidiaries			-584
Provisions	11 446	8 523	10 710
Provisions For Liabilities Balance Sheet Subtotal	11 446	8 523	10 710
Repayments Borrowings Classified As Financing Activities	-341 046	-131 149	-58 795
Total Additions Including From Business Combinations Property Plant Equipment		5 557	19 987
Total Operating Lease Payments	88 674	64 824	72 013

Company staff

Lee R.

Role: Director

Appointed: 25 September 2009

Latest update: 23 January 2024

Robert D.

Role: Director

Appointed: 25 September 2009

Latest update: 23 January 2024

Ian M.

Role: Director

Appointed: 25 September 2009

Latest update: 23 January 2024

Maria M.

Role: Director

Appointed: 25 September 2009

Latest update: 23 January 2024

People with significant control

Kinetic Holdings Limited

Address: 2 Grangeside, Redworth, Newton Aycliffe, Co Durham, DL5 6NX, England

Legal authority The Companies Act 2006

Legal form Private Limited Company

Country registered England

Place registered England And Wales

Registration number 09644273

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Ian M.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Lynsey D.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Robert D.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Maria M.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	31 December 2024
Account last made up date	31 March 2023
Confirmation statement next due date	25 June 2024
Confirmation statement last made up date	11 June 2023

Annual Accounts
Start Date For Period Covered By Report	01 January 2017
End Date For Period Covered By Report	31 December 2017
Annual Accounts
Start Date For Period Covered By Report	01 January 2018
End Date For Period Covered By Report	31 December 2018
Annual Accounts
Start Date For Period Covered By Report	01 January 2018
End Date For Period Covered By Report	31 December 2018
Annual Accounts
Start Date For Period Covered By Report	01 January 2018
End Date For Period Covered By Report	31 December 2018

Gem Partnership Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Lee R.

Robert D.

Ian M.

Maria M.

Wendy B.

Paul B.

People with significant control

Kinetic Holdings Limited

Ian M.

Lynsey D.

Robert D.

Maria M.

Accounts Documents

Company filings

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