G T S FLEXIBLE MATERIALS LIMITED

1. G T S FLEXIBLE MATERIALS LIMITED 1979-12-31 → present
2. G.T. SHELDAHL FLEXIBLE MATERIALS LIMITED 1977-12-31 → 1979-12-31
3. GRELHAVEN LIMITED 1977-10-28 → 1977-12-31

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

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.

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. The company has agreed a new set of covenants with its primary lender for the years ending 30 November 2024 and 2025, which have all been met to date. We are responsible for concluding on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern... 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

1. G T S FLEXIBLE MATERIALS LIMITED · parent
   1. GTS Flexible Materials GmbH 100% · Germany

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -23.4%

  £22,199,388 → £17,004,748

• Cash

  -44.6%

  £2,770,574 → £1,536,040

• Net assets

  +5.1%

  £13,230,047 → £13,903,728

• Employees

  -17.4%

  115 → 95

• Operating profit

  +98.3%

  £286,031 → £567,336

• Profit before tax

  +86.4%

  £293,679 → £547,335

• Wages

  -13.7%

  £4,283,339 → £3,694,663

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers