GALTEC LIMITED
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Cash
£3.1m
-31% lowest in 4 filed years
Net assets
£7.7m
-0.9% vs 2024
Employees
4
0% vs 2024
Profit before tax
-£1.6m
-463.5% lowest in 4 filed years
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £25,841,150 | £42,158,001 | £41,886,968 | £37,046,655 | -11.6% | |
| Operating profit | £2,838,431 | £623,511 | £398,704 | -£1,465,928 | -467.7% | |
| Profit before tax | £2,761,732 | £583,209 | £441,369 | -£1,604,332 | -463.5% | |
| Net profit | £2,321,860 | £1,264,459 | £96,504 | -£67,276 | -169.7% | |
| Cash | £5,037,518 | £5,684,351 | £4,464,062 | £3,080,256 | -31% | |
| Total assets less current liabilities | £7,593,057 | £9,430,943 | £10,843,041 | £10,526,937 | -2.9% | |
| Net assets | £6,441,318 | £7,705,777 | £7,802,281 | £7,735,005 | -0.9% | |
| Equity | £6,441,318 | £7,705,777 | £7,802,281 | £7,735,005 | -0.9% | |
| Average employees | 4 | 4 | 4 | 4 | 0% | |
| Wages | £799,559 | £1,249,796 | £6,323,936 | — | — | |
| Directors' remuneration | £260,225 | £551,768 | £582,706 | — | — |
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 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|
| Operating margin | 11.0% | 1.5% | 1.0% | -4.0% | |
| Net margin | 9.0% | 3.0% | 0.2% | -0.2% | |
| Return on capital employed | 37.4% | 6.6% | 3.7% | -13.9% | |
| Gearing (liabilities / total assets) | — | — | 63.1% | 61.9% | |
| Current ratio | — | 1.56x | 1.62x | 1.57x | |
| Interest cover | 35.70x | 6.27x | 2.72x | -6.19x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Lawes & Co UK Limited (Statutory Auditors)
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors continue to adopt the going concern basis of accounting in preparing the annual financial statements knowing that the company is well placed to manage business risks and has adequate financial resources for operation.”
Significant events
- “The company made charitable donations totalling £4,670 to various causes advancing healthcare and medical research.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GALVIN, Liam James | Director | 2022-03-01 | Mar 1992 | British |
| GREEN, Douglas Lee | Director | 2018-01-01 | Jan 1962 | British |
| HANDLEY, John Martin | Director | 2019-01-24 | Mar 1962 | British |
| RAYER, Thomas Lee | Director | 2018-01-01 | Jun 1986 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GALVIN, Anthony John | Secretary | — | 2016-11-13 |
| GALVIN, Terence Patrick | Secretary | 2016-11-14 | 2017-05-04 |
| GREEN, Douglas | Secretary | 2006-07-28 | 2006-09-20 |
| DENNISS, Neil Michael | Director | 2017-08-08 | 2019-01-24 |
| GALVIN, Anthony John | Director | — | 2016-11-13 |
| GALVIN, Terence Patrick | Director | — | 2017-05-04 |
| LEGGETT, Peter | Director | 2018-01-01 | 2019-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr John Martin Handley | Individual | Significant influence | 2019-01-24 | Active |
| Mr Neil Michael Denniss | Individual | Appoints directors | 2017-12-21 | Ceased 2019-01-24 |
| Mr Terence Patrick Galvin | Individual | Shares 25–50% | 2016-08-01 | Ceased 2017-05-04 |
| Galtec Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 122 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | AA | accounts | Accounts with accounts type full | |
| 2025-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-11-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-03-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-14 | AA | accounts | Accounts with accounts type full | |
| 2022-11-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-06 | AA | accounts | Accounts with accounts type full | |
| 2022-03-09 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-07-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-03-19 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-01 | AA | accounts | Accounts with accounts type full | |
| 2019-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-01 | TM01 | officers | Termination director company with name termination date | |
| 2019-04-03 | 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.