QUALTEX UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-22 (in 3mo)
Last made up 2025-08-08
Watchouts
Cash
£1M
+214.3% highest in 6 filed years
Net assets
£6M
-14.2% vs 2023
Employees
53
-13.1% lowest in 6 filed years
Profit before tax
£1M
-28.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- QUALTEX UK LIMITED 1993-05-25 → present
- GEORGE HULME (STOCKPORT) LIMITED 1961-11-24 → 1993-05-25
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £25,803,915 | — | £23,318,033 | — | £24,732,956 | — | £23,912,870 | — | £25,963,143 | £24,256,508 | |
| Operating profit | £381,277 | — | £1,219,804 | — | £1,606,321 | — | £1,650,875 | — | £1,887,699 | £1,393,176 | |
| Profit before tax | £257,901 | — | £1,171,549 | — | £1,554,240 | — | £1,531,711 | — | £1,676,790 | £1,205,018 | |
| Net profit | £316,668 | — | £946,357 | — | £1,208,636 | — | £1,303,925 | — | £1,570,415 | £878,722 | |
| Cash | £303,163 | — | £411,281 | — | £544,481 | — | £587,281 | — | £410,288 | £1,289,706 | |
| Total assets less current liabilities | £5,326,380 | — | £5,639,772 | — | £6,345,324 | — | £6,317,659 | — | £6,759,663 | £6,036,285 | |
| Net assets | £5,195,198 | — | £5,585,582 | — | £6,184,874 | — | £6,193,830 | — | £6,679,694 | £5,730,408 | |
| Equity | £5,195,198 | £5,195,198 | £5,585,582 | £5,585,582 | £6,184,874 | £6,184,874 | £6,193,830 | £6,193,830 | £6,679,694 | £5,730,408 | |
| Average employees | 132 | — | 87 | — | 69 | — | 63 | — | 61 | 53 | |
| Wages | £3,209,310 | — | £2,402,800 | — | £1,704,305 | — | £1,517,253 | — | £1,499,783 | £1,446,025 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 1.5% | — | 5.2% | — | 6.5% | — | 6.9% | — | 7.3% | 5.7% | |
| Net margin | 1.2% | — | 4.1% | — | 4.9% | — | 5.5% | — | 6.0% | 3.6% | |
| Return on capital employed | 7.2% | — | 21.6% | — | 25.3% | — | 26.1% | — | 27.9% | 23.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 56.5% | 62.9% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.56x | 1.40x | |
| Interest cover | 3.09x | — | 23.46x | — | 30.84x | — | 13.85x | — | 8.95x | 7.37x |
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)
- Auditor
- Hurst Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- QUALTEX UK LIMITED · parent
- Qualtex USA Inc 100%
- JEGS Electrical Limited 100%
Significant events
- “a revolving credit facility of £3 million which was renewed in 2025 and is now in place until June 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HULME, Caroline | Secretary | 2026-04-01 | — | — |
| HULME, Caroline | Director | 2014-07-25 | Sep 1965 | British |
| HULME, Philip | Director | 2008-06-02 | Oct 1965 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIBBONS, Christopher | Secretary | 2020-06-26 | 2026-03-31 |
| HULME, Caroline | Secretary | 2014-07-25 | 2017-12-14 |
| HULME, Susan | Secretary | — | 2013-12-20 |
| MCKENZIE, Chris | Secretary | 2018-12-03 | 2020-06-26 |
| SMITH, Janine Brenda | Secretary | 2013-12-20 | 2014-07-25 |
| STORAH, Richard | Secretary | 2017-12-14 | 2018-12-03 |
| GARNHAM, Stuart Muir Knott | Director | 2019-11-11 | 2021-03-01 |
| GIBBONS, Christopher | Director | 2020-06-26 | 2026-03-31 |
| HUGHES, John | Director | 2017-04-20 | 2018-11-05 |
| HULME, George | Director | — | 2013-12-20 |
| HULME, Susan | Director | — | 2013-12-20 |
| MCKENZIE, Christopher John | Director | 2019-06-12 | 2020-06-26 |
| NORMAN, Tina Louise | Director | 2014-07-25 | 2016-04-28 |
| SMITH, Janine Brenda | Director | 2014-07-25 | 2014-10-31 |
| STORAH, Richard | Director | 2015-12-23 | 2018-12-03 |
| WHITEHEAD, Kirk Lawson | Director | 2017-08-10 | 2017-11-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Caroline Hulme | Individual | Voting 25–50% | 2018-12-11 | Ceased 2025-11-12 |
| Mr George Hulme | Individual | Shares 75–100% | 2018-12-11 | Ceased 2025-11-12 |
| Qualtex Global Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-10-12 | Active |
| Mr Philip Hulme | Individual | Significant influence | 2016-04-06 | Ceased 2025-11-12 |
Filing timeline
Last 20 of 149 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-11-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-18 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-18 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-15 | AA | accounts | Accounts with accounts type full | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-28 | AA | accounts | Accounts with accounts type full | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-6.6%
£25,963,143 £24,256,508
-
Cash
+214.3%
£410,288 £1,289,706
highest in 6 filed years
-
Net assets
-14.2%
£6,679,694 £5,730,408
-
Employees
-13.1%
61 53
lowest in 6 filed years
-
Operating profit
-26.2%
£1,887,699 £1,393,176
-
Profit before tax
-28.1%
£1,676,790 £1,205,018
-
Wages
-3.6%
£1,499,783 £1,446,025
lowest in 6 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers