G T S FLEXIBLE MATERIALS LIMITED
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Cash
£1.5m
-2.6% lowest in 3 filed years
Net assets
£14m
+2.7% highest in 3 filed years
Employees
81
-14.7% lowest in 3 filed years
Profit before tax
£264k
-51.8% lowest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2023-11-30 | 2024-11-30 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £22,199,388 | £17,004,748 | £15,493,099 | -8.9% | |
| Operating profit | £286,031 | £567,336 | £276,544 | -51.3% | |
| Profit before tax | £293,679 | £547,335 | £264,005 | -51.8% | |
| Net profit | £123,790 | £673,004 | £373,664 | -44.5% | |
| Cash | £2,770,574 | £1,536,040 | £1,496,308 | -2.6% | |
| Total assets less current liabilities | £14,239,858 | £14,776,090 | £15,032,830 | +1.7% | |
| Net assets | £13,230,047 | £13,903,728 | £14,277,392 | +2.7% | |
| Equity | £13,230,047 | £13,903,728 | £14,277,392 | +2.7% | |
| Average employees | 115 | 95 | 81 | -14.7% | |
| Wages | £4,283,339 | £3,694,663 | £3,076,924 | -16.7% | |
| Directors' remuneration | — | — | — | — |
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 | 2023-11-30 | 2024-11-30 | 2025-11-30 |
|---|---|---|---|---|
| Operating margin | 1.3% | 3.3% | 1.8% | |
| Net margin | 0.6% | 4.0% | 2.4% | |
| Return on capital employed | 2.0% | 3.8% | 1.8% | |
| Current ratio | 5.80x | 7.33x | 6.42x | |
| Interest cover | — | 28.37x | 17.61x |
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.
Name history
Renamed 2 times since incorporation
- G T S FLEXIBLE MATERIALS LIMITED 1979-12-31 → present
- G.T. SHELDAHL FLEXIBLE MATERIALS LIMITED 1977-12-31 → 1979-12-31
- GRELHAVEN LIMITED 1977-10-28 → 1977-12-31
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 company's forecasts and projections, taking account of reasonable possible changes in trading performance, show that the company will be able to operate on a profitable basis for a forecast period of at least 12 months from the approval date of these financial statements. Accordingly, the company continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- G T S FLEXIBLE MATERIALS LIMITED · parent
- GTS Flexible Materials GmbH 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROTHERTON, John Timothy | Secretary | 2020-11-25 | — | — |
| BROTHERTON, John Timothy | Director | 2020-11-25 | Jun 1983 | Welsh |
| CHITTY, Ian Robert | Director | 2019-06-01 | Sep 1967 | British |
| O'DONNELL, Philip John | Director | 2024-06-25 | Dec 1971 | British |
| WITTKAEMPER, Stephan | Director | 2015-01-05 | May 1969 | German |
| YOUNG, Gareth Paul | Director | 2019-06-01 | Jul 1968 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURGESS, Christopher John | Secretary | 2015-01-05 | 2020-11-25 |
| JELL, Philip John | Secretary | 2008-10-31 | 2015-01-01 |
| RIDGERS, Peter Norman | Secretary | — | 1992-04-06 |
| WRIGHT, Christine Irene | Secretary | 1992-04-06 | 2008-10-31 |
| BURGESS, Christopher John | Director | 2015-01-05 | 2024-05-28 |
| FARMER, Edward Laurence | Director | — | 2009-08-28 |
| FARMER, Graham Peter, Dr | Director | 2000-05-01 | 2020-07-31 |
| JELL, Philip John | Director | 2000-05-01 | 2015-12-26 |
| O'LEARY, Brian Terence | Director | 2009-03-25 | 2014-12-24 |
| RAFFIN, Andre | Director | 2000-06-20 | 2007-09-06 |
| RIDGERS, Peter Norman | Director | — | 1992-04-06 |
| SANDER, Hartmut | Director | 2000-06-20 | 2013-07-31 |
| WOMACK, James Scott | Director | — | 2000-05-15 |
| WRIGHT, Christine Irene | Director | 2000-04-10 | 2008-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gts Flexible Materials Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Significant influence | 2016-06-30 | Active |
Filing timeline
Last 20 of 175 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type full | |
| 2026-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-16 | AA | accounts | Accounts with accounts type full | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-22 | AA | accounts | Accounts with accounts type full | |
| 2024-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-23 | AA | accounts | Accounts with accounts type full | |
| 2023-05-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-18 | AA | accounts | Accounts with accounts type full | |
| 2021-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-29 | AA | accounts | Accounts with accounts type full | |
| 2021-05-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-05-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-12-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2020-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2020-11-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2020-11-04 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.