GALTEC HOLDINGS LIMITED
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Cash
£3.1m
-31.5% lowest in 3 filed years
Net assets
£9.3m
+3.4% highest in 4 filed years
Employees
130
-5.8% lowest in 3 filed years
Profit before tax
-£1.4m
-282.1% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £25,847,951 | £42,158,001 | £41,888,256 | £37,050,745 | -11.5% | |
| Operating profit | — | £1,110,223 | £677,090 | -£1,323,011 | -295.4% | |
| Profit before tax | £2,930,927 | £1,120,277 | £770,368 | -£1,403,092 | -282.1% | |
| Net profit | £2,547,819 | £1,703,320 | £495,073 | £309,511 | -37.5% | |
| Cash | — | £5,700,149 | £4,512,392 | £3,090,728 | -31.5% | |
| Total assets less current liabilities | — | £9,753,763 | £11,551,986 | £11,612,668 | +0.5% | |
| Net assets | £6,825,277 | £8,528,597 | £9,011,226 | £9,320,737 | +3.4% | |
| Equity | £6,825,277 | £8,528,597 | £9,011,226 | — | — | |
| Average employees | — | 134 | 138 | 130 | -5.8% | |
| Wages | — | £6,032,161 | £6,323,936 | £6,993,028 | +10.6% | |
| Directors' remuneration | — | £454,882 | £582,706 | £601,308 | +3.2% |
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 | — | 2.6% | 1.6% | -3.6% | |
| Net margin | 9.9% | 4.0% | 1.2% | 0.8% | |
| Return on capital employed | — | 11.4% | 5.9% | -11.4% | |
| Gearing (liabilities / total assets) | — | 54.8% | 53.1% | 49.6% | |
| Current ratio | — | 1.73x | 1.93x | 1.96x | |
| Interest cover | — | 22.44x | 7.01x | -7.08x |
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 1 time since incorporation
- GALTEC HOLDINGS LIMITED 1991-03-18 → present
- WARDSTAFF LIMITED 1989-10-11 → 1991-03-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Lawes & Co UK Limited
- 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 Group is well placed to manage business risks and has adequate financial resources for operation.”
Group structure
- GALTEC HOLDINGS LIMITED · parent
- Galtec Limited 100%
- Galtec Services Limited 100%
Significant events
- “On 2 December 2025, the company issued 100 'Ordinary T' shares of £33 nominal value for £33 consideration. This transaction occurred after the reporting date and is a non-adjusting post-balance-sheet event.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GALVIN, Liam James | Director | 2022-03-01 | Mar 1992 | British |
| GREEN, Douglas Lee | Director | 2022-03-01 | Jan 1962 | British |
| HANDLEY, John Martin | Director | 2019-01-24 | Mar 1962 | British |
| RAYER, Thomas Lee | Director | 2022-03-01 | Jun 1986 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GALVIN, Anthony John | Secretary | — | 2016-10-15 |
| GALVIN, Terence Patrick | Secretary | 2016-10-15 | 2017-05-04 |
| DENNISS, Neil Michael | Director | 2017-08-08 | 2019-01-24 |
| GALVIN, Anthony John | Director | — | 2016-02-13 |
| GALVIN, Terence Patrick | Director | — | 2017-05-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Angela Galvin | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2024-10-10 | Active |
| Bishop Fleming Trustee Company Limited | Corporate entity | Shares 75–100% (as trust), Voting 75–100% (as trust), Appoints directors (as trust) | 2024-10-10 | Active |
| Mr John Martin Handley | Individual | Significant influence | 2019-01-24 | Active |
| The Aj Galvin Wills Trust | Legal person | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2018-12-02 | Ceased 2024-10-10 |
| Ms Stephanie Pitt | Individual | Shares 25–50%, Voting 25–50% | 2017-08-04 | Ceased 2021-10-19 |
| Mr Terence Patrick Galvin | Individual | Shares 25–50%, Voting 25–50%, Significant influence (as firm) | 2016-07-01 | Ceased 2017-05-04 |
Filing timeline
Last 20 of 123 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-05 MA Memorandum articles
- 2025-11-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | AA | accounts | Accounts with accounts type group | |
| 2025-12-11 | SH01 | capital | Capital allotment shares | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-17 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-05 | SH02 | capital | Capital alter shares subdivision | |
| 2025-11-05 | MA | incorporation | Memorandum articles | |
| 2025-11-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-05 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-11-05 | SH08 | capital | Capital name of class of shares | |
| 2025-06-30 | AA | accounts | Accounts with accounts type group | |
| 2024-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-28 | AA | accounts | Accounts with accounts type group | |
| 2024-03-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-14 | AA | accounts | Accounts with accounts type group | |
| 2022-10-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-06 | AA | accounts | Accounts with accounts type group | |
| 2022-03-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 4
- 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.