GRIFFITH TEXTILE MACHINES LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. GRIFFITH TEXTILE MACHINES LIMITED 1993-12-15 → present
2. BONAS GRIFFITH LIMITED 1984-11-01 → 1993-12-15
3. OLDSQUIRE LIMITED 1984-09-04 → 1984-11-01

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

PricewaterhouseCoopers (Northern Ireland) LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have obtained a letter of support from the company's ultimate parent company, Ulster Carpet Mills (Holdings) Limited which confirms that for a period of not less than twelve months following the signing of these financial statements that it will provide such financial support as is necessary to enable the company to meet its liabilities and obligations as and when they fall due. Therefore the directors have a reasonable expectation that the company has, and has access to, adequate resources to continue in operational existence for the foreseeable future and that no material uncertainty exists that may cast significant doubt on its ability to continue as a going concern. In making this assessment the company's financial performance and cash flows have been considered as part of the overall ultimate parent company's assessment for a period extending to a minimum of 12 months following the approval of the accounts. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual report and financial statements.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  -17.4%

  £6,956,696 → £5,743,265

• Cash

  -20.5%

  £110,672 → £87,976

• Net assets

  +54.7%

  -£1,497,461 → -£678,219

• Employees

  -27.3%

  88 → 64

• Operating profit

  +101%

  -£6,719,568 → £66,238

• Profit before tax

  +97.9%

  -£6,718,890 → -£140,025

• Wages

  -12.3%

  £2,341,596 → £2,053,801

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