GTS FLEXIBLE MATERIALS GROUP LIMITED

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 directors continually review the group's forecast cash flows, covenants, and liquidity requirements, and have a reasonable expectation that the group has sufficient resources to continue in operational existence for the foreseeable future, including taking steps to ensure suitable funding facilities will be in place. Furthermore, the group's shareholder, Growth Capital Partners Fund IV LP (supported by Growth Capital Partners LLP as manager of various funds), has expressed their willingness to provide the necessary financial support, including mitigating potential future covenant breaches, in an appropriate form should the need arise. Growth Capital Partners Fund IV LP and other shareholders have also agreed to support the group in the event of any potential covenant breaches of shareholder loan notes. On the basis of this indication of support, the group continues to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. GTS FLEXIBLE MATERIALS GROUP LIMITED · parent
   1. GTS Flexible Materials Holdings Limited 100% · UK
   2. GTS Flexible Materials Limited 100% · UK
   3. GTS Flexible Materials GmbH 100% · Germany

Significant events

• “A covenant amendment was agreed in February 2024 with the group's senior debt provider to amend covenants for the year ended 30 November 2024 and 2025.”

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

Filings

3

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

  —

  Not reported

• Cash

  0%

  £81 → £81

• Net assets

  -0.1%

  £7,354,622 → £7,348,997

• Employees

  —

  Not reported

• Operating profit

  -3.7%

  -£5,425 → -£5,625

• Profit before tax

  -3.7%

  -£5,425 → -£5,625

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