TRUTEX INVESTMENTS LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have prepared forecasts for the going concern assessment for the period to 30 September 2026, which takes into consider the current economic conditions and global events which impact the Group. ... 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 of the ability to meet the forecast to comply with financial covenants. In addition, the Directors have 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 advanced 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. ... The financial statements do not contain the adjustments that would be required if the Group were unable to continue as a going concern, as the directors believe, based on their assessment above, that the Group will continue in operational existence throughout the going concern period to 30 September 2026.

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have prepared forecasts for the going concern assessment for the period to 30 September 2026, which takes into consider the current economic conditions and global events which impact the Group. ... 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 of the ability to meet the forecast to comply with financial covenants. In addition, the Directors have 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 advanced 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. ... The financial statements do not contain the adjustments that would be required if the Group were unable to continue as a going concern, as the directors believe, based on their assessment above, that the Group will continue in operational existence throughout the going concern period to 30 September 2026.”

Group structure

1. TRUTEX INVESTMENTS LIMITED · parent
   1. Trutex Limited 100% · UK · Schoolwear sales
   2. Duma Services Limited 100% · UK · Holding
   3. John Hall Schoolwear Limited 100% · UK · Schoolwear sales
   4. Clive Mark Schoolwear Limited 100% · UK · Schoolwear sales
   5. Trutex (Shanghai) Branding Planning and Consulting Co. 100% · China · Schoolwear
   6. Trutex Middle East SPV Ltd 100% · United Arab Emirates · Holding
   7. Aquarius MEA Textile Trading LLC 99% · United Arab Emirates · Schoolwear sales
   8. Sports and Schoolwear Suppliers Limited · UK · Schoolwear Sales
   9. Trutex Schoolwear SPC 100% · Oman · Schoolwear Sales

Significant events

• “The Group successfully refinanced on 14 February 2024, with new borrowing facilities which expire on 28 February 2027.”
• “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

19

last 12 months

Capital events

2

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

  -2.5%

  £35,115,000 → £34,247,000

• Cash

  -68.5%

  £4,100,000 → £1,293,000

• Net assets

  -30.4%

  £3,228,000 → £2,247,000

• Employees

  +0.9%

  211 → 213

• Operating profit

  +2.1%

  £1,400,000 → £1,430,000

• Profit before tax

  -35.5%

  -£516,000 → -£699,000

• Wages

  -6.7%

  £5,793,000 → £5,406,000

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