TRUTEX LIMITED

• ⚠

  Material uncertainty over going concern

  Consequently, the directors acknowledge there is a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern as a result the ability to meet the forecast to comply with financial covenants. In addition, the Directors has received an offer to buy the business, the Directors and management team are actively involved in the discussions and negotiations, with the sale of the Group in an advance stage and likely to take place in the going concern period. Accordingly, this further constitutes a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern.

1. TRUTEX LIMITED 2010-03-04 → present
2. EXPRESSED AS LIMITED 2010-01-21 → 2010-03-04

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Consequently, the directors acknowledge there is a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern as a result the ability to meet the forecast to comply with financial covenants. In addition, the Directors has received an offer to buy the business, the Directors and management team are actively involved in the discussions and negotiations, with the sale of the Group in an advance stage and likely to take place in the going concern period. Accordingly, this further constitutes a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern.”

Group structure

1. TRUTEX LIMITED · parent
   1. John Hall Schoolwear Limited 100% · Clitheroe, Lancashire · Schoolwear manufacture
   2. Trutex (Shanghai) Branding Planning and Consulting Co. Limited 100% · Shanghai · Schoolwear sales
   3. Sports and Schoolwear Suppliers Limited 100% · Clitheroe, Lancashire · Schoolwear sales

Significant events

• “Change of control - the Group are currently undergoing a sale process where the ultimate controlling party may change following the completion of the sale of the Trutex Investments Limited Group.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  -7.8%

  £25,599,000 → £23,601,000

• Cash

  -91.7%

  £3,482,000 → £289,000

• Net assets

  -19.8%

  £757,000 → £607,000

• Employees

  +3.9%

  103 → 107

• Operating profit

  +13.4%

  £1,355,000 → £1,537,000

• Profit before tax

  +62.8%

  -£417,000 → -£155,000

• Wages

  -14%

  £3,392,000 → £2,916,000

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