GALPHARM INTERNATIONAL LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements therefore have not been prepared on a going concern basis. Instead, they have been prepared on a break-up basis reflecting the imminent liquidation and closure of the company.

1. GALPHARM INTERNATIONAL LIMITED 1995-12-22 → present
2. GAL PHARM INTERNATIONAL LIMITED 1981-02-24 → 1995-12-22

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)

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“The financial statements therefore have not been prepared on a going concern basis. Instead, they have been prepared on a break-up basis reflecting the imminent liquidation and closure of the company.”

Significant events

• “On 19th January 2024 the directors announced their intention to combine the UK Storebrand (Galpharm International) and Branded (Omega Pharma) business on 3 June 2024.”
• “Although the trade of the business has continued uninterrupted and has just be transferred to another Perrigo owned company under the same leadership team, it is recognised by the directors for the purpose of Statutory reporting that Galpharm International Ltd did cease to trade after 3rd June 2024 and the director's intention is to liquidate the Company within 12 months of signing these financial statements.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -53.4%

  £123,079,000 → £57,374,000

• Cash

  -37.9%

  £520,000 → £323,000

• Net assets

  -99.9%

  £34,128,000 → £23,000

• Employees

  -58.8%

  85 → 35

• Operating profit

  -25.7%

  £5,756,000 → £4,278,000

• Profit before tax

  +4%

  £5,447,000 → £5,664,000

• Wages

  -54.7%

  £3,322,000 → £1,506,000

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