The Firmwatch take
Gls Trading Ltd (06110528) currently shows: Watch signal detected, based on accounts to 28 February 2025; last refreshed 24 May 2026. Negative working capital plus 1 more cautionary signal — extracted from the latest filed accounts.
Companies House source·Accounts to 28 Feb 2025·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
16 February 2007
19 years on the register
Sector
Wholesale trade
SIC 46310 · matched to division
Size
Not classified
Net assets
£234k
Top 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Worth watching
The latest public accounts contain some cautionary signs, but not enough to suggest severe distress on their own.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Current ratio below 1.0
Current assets are below current liabilities.
Sector benchmark · Wholesale
How this company compares in 76,199 wholesalers
Top 10% in sector — Gls Trading Ltd shows £234k in net assets. Sector median is £1k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Money
What the balance sheet says
Net assets
£234k
Top 10% in sector · sector median £1k · 76,199 wholesalers
Cash
Not disclosed
Working cap.
−£58k
Median £6k
Current ratio
0.9×
Median 1.3×
Signals · 3
Positive net assets
The latest filed accounts show assets exceeding liabilities.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Current ratio below 1.0
Current assets are lower than current liabilities in the extracted accounts.
People
Who runs this company
- TA
THOBHANI, Anish Nathalal
director · since 2007
- TA
THOBHANI, Anish Nathalal
secretary · since 2007
Registered office
Address intelligence
9 other companies registered here.
Common for accountants' offices and small business centres.
Address pattern · LE4 9JJ
9 other UK companies registered here — all still trading.
Active
9
Dissolved
0
Strike-off action
0
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.