Global Technical Textiles Limited

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global technical textiles limited Company Information

Live

EstablishedSmallHealthy

Company Number

05340134

Website

www.globaltechnicaltextiles.com

Registered Address

2 station view, hazel grove, stockport, SK7 5ER

Industry

Finishing of textiles

Telephone

01625828686

Next Accounts Due

February 2026

Group Structure

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Directors

Fiona Hancock19 Years

Jonathan Hancock19 Years

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Shareholders

fiona jane hancock 48.6%

jonathan malkin james hancock 48.6%

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global technical textiles limited Estimated Valuation

£460k

Pomanda estimates the enterprise value of GLOBAL TECHNICAL TEXTILES LIMITED at £460k based on Net Assets of £378.6k and 1.22x industry multiple (adjusted for liquidity).

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Global Technical Textiles Limited is a live company located in stockport, SK7 5ER with a Companies House number of 05340134. It operates in the finishing of textiles sector, SIC Code 13300. Founded in January 2005, it's largest shareholder is fiona jane hancock with a 48.6% stake. Global Technical Textiles Limited is a established, small sized company, Pomanda has estimated its turnover at £690.7k with healthy growth in recent years.

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Pomanda's financial health check has awarded Global Technical Textiles Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £690.7k, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (10%)

EXPORT

Global Technical Textiles Limited's latest turnover from May 2024 is estimated at £690.7 thousand and the company has net assets of £378.6 thousand. According to their latest financial statements, Global Technical Textiles Limited has 4 employees and maintains cash reserves of £402.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	690,702	1,294,478	605,415	596,057	391,453	1,426,729	901,780	1,036,317	446,149	928,932	600,291	757,575	872,025	774,257	813,765
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	529,459	896,699	417,893	430,583	275,903	913,566	563,339	660,058	274,629	539,966	380,495	496,653	595,379	529,455	542,090
Gross Profit	161,243	397,779	187,522	165,473	115,551	513,163	338,441	376,259	171,520	388,966	219,796	260,921	276,646	244,802	271,675
Admin Expenses	106,170	383,338	68,115	96,402	252,627	407,062	256,909	359,273	150,372	342,389	221,310	201,176	242,671	253,314	270,081
Operating Profit	55,073	14,441	119,407	69,071	-137,076	106,101	81,532	16,986	21,148	46,577	-1,514	59,745	33,975	-8,512	1,594
Interest Payable	0	0	1,750	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	18,016	16,197	3,414	280	149	652	489	181	336	228	150	75	75	0	0
Pre-Tax Profit	73,089	30,637	121,072	67,826	-136,927	106,753	82,021	17,167	21,484	46,805	-1,364	59,821	34,050	-8,512	1,594
Tax	-18,272	-7,659	-23,004	-12,887	0	-20,283	-15,584	-3,262	-4,297	-9,361	0	-13,759	-8,172	0	-446
Profit After Tax	54,817	22,978	98,068	54,939	-136,927	86,470	66,437	13,905	17,187	37,444	-1,364	46,062	25,878	-8,512	1,148
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	54,817	22,978	98,068	54,939	-136,927	86,470	66,437	13,905	17,187	37,444	-1,364	46,062	25,878	-8,512	1,148
Employee Costs	150,201	136,919	139,629	124,797	155,708	180,038	115,542	115,131	115,035	232,811	135,371	157,800	195,491	154,626	193,061
Number Of Employees	4	4	4	4	5	6	4	4	4	8	5	6	7	6	8
EBITDA*	67,216	26,366	124,843	73,665	-132,483	111,354	82,978	22,525	24,237	49,818	2,931	64,970	36,184	-7,493	1,704

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	21,161	32,721	1,673	4,612	9,206	12,000	1,253	3,750	9,289	9,296	12,537	16,691	4,548	4,160	620
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	21,161	32,721	1,673	4,612	9,206	12,000	1,253	3,750	9,289	9,296	12,537	16,691	4,548	4,160	620
Stock & work in progress	162,146	79,146	88,128	103,320	39,100	50,500	35,992	30,000	36,500	24,050	15,700	22,500	27,197	22,990	37,725
Trade Debtors	78,724	295,334	106,118	71,380	45,250	345,212	194,287	249,710	86,817	201,559	135,274	135,274	147,618	148,983	149,285
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	75,053	432	1,044	4,913	93	28,505	33,217	0	14,321	0	0	10,015	0	11,668	9,341
Cash	402,303	318,348	401,502	281,375	277,736	19,795	154,060	41,632	103,213	30,987	60,066	0	30,149	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	718,226	693,260	596,792	460,988	362,179	444,012	417,556	321,342	240,851	256,596	211,040	167,789	204,964	183,641	196,351
total assets	739,387	725,981	598,465	465,600	371,385	456,012	418,809	325,092	250,140	265,892	223,577	184,480	209,512	187,801	196,971
Bank overdraft	0	0	0	1,667	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	69,709	184,634	86,791	101,962	62,641	123,268	167,949	149,840	108,255	165,017	159,141	115,153	190,381	194,229	195,719
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	285,751	209,347	210,832	110,491	160,909	47,982	52,568	42,749	23,510	0	0	0	0	0	0
total current liabilities	355,460	393,981	297,623	214,120	223,550	171,250	220,517	192,589	131,765	165,017	159,141	115,153	190,381	194,229	195,719
loans	0	0	0	48,333	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	740	3,903	0	0	0
provisions	5,290	8,180	0	373	0	0	0	651	428	115	380	744	513	832	0
total long term liabilities	5,290	8,180	0	48,706	0	0	0	651	428	115	1,120	4,647	513	832	0
total liabilities	360,750	402,161	297,623	262,826	223,550	171,250	220,517	193,240	132,193	165,132	160,261	119,800	190,894	195,061	195,719
net assets	378,637	323,820	300,842	202,774	147,835	284,762	198,292	131,852	117,947	100,760	63,316	64,680	18,618	-7,260	1,252
total shareholders funds	378,637	323,820	300,842	202,774	147,835	284,762	198,292	131,852	117,947	100,760	63,316	64,680	18,618	-7,260	1,252

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	55,073	14,441	119,407	69,071	-137,076	106,101	81,532	16,986	21,148	46,577	-1,514	59,745	33,975	-8,512	1,594
Depreciation	12,143	11,925	5,436	4,594	4,593	5,253	1,446	5,539	3,089	3,241	4,445	5,225	2,209	1,019	110
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-18,272	-7,659	-23,004	-12,887	0	-20,283	-15,584	-3,262	-4,297	-9,361	0	-13,759	-8,172	0	-446
Stock	83,000	-8,982	-15,192	64,220	-11,400	14,508	5,992	-6,500	12,450	8,350	-6,800	-4,697	4,207	-14,735	37,725
Debtors	-141,989	188,604	30,869	30,950	-328,374	146,213	-22,206	148,572	-100,421	66,285	-10,015	-2,329	-13,033	2,025	158,626
Creditors	-114,925	97,843	-15,171	39,321	-60,627	-44,681	18,109	41,585	-56,762	5,876	43,988	-75,228	-3,848	-1,490	195,719
Accruals and Deferred Income	76,404	-1,485	100,341	-50,418	112,927	-4,586	9,819	19,239	23,510	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,890	8,180	-373	373	0	0	-651	223	313	-265	-364	231	-319	832	0
Cash flow from operations	66,522	-56,377	170,959	-45,116	259,591	-118,917	110,885	-61,762	74,972	-28,567	63,370	-16,760	32,671	4,559	626
Investing Activities
capital expenditure	-583	-42,973	-2,497	0	-1,799	-16,000	1,051	0	-3,082	0	-291	-17,368	-2,597	-4,559	-730
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-583	-42,973	-2,497	0	-1,799	-16,000	1,051	0	-3,082	0	-291	-17,368	-2,597	-4,559	-730
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-48,333	48,333	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-740	-3,163	3,903	0	0	0
share issue	0	0	0	0	0	0	3	0	0	0	0	0	0	0	104
interest	18,016	16,197	1,664	-1,245	149	652	489	181	336	228	150	75	75	0	0
cash flow from financing	18,016	16,197	-46,669	47,088	149	652	492	181	336	-512	-3,013	3,978	75	0	104
cash and cash equivalents
cash	83,955	-83,154	120,127	3,639	257,941	-134,265	112,428	-61,581	72,226	-29,079	60,066	-30,149	30,149	0	0
overdraft	0	0	-1,667	1,667	0	0	0	0	0	0	0	0	0	0	0
change in cash	83,955	-83,154	121,794	1,972	257,941	-134,265	112,428	-61,581	72,226	-29,079	60,066	-30,149	30,149	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLOBAL TECHNICAL TEXTILES LIMITED group structure

Global Technical Textiles Limited has no subsidiary companies.

Ultimate parent company

GLOBAL TECHNICAL TEXTILES LIMITED

05340134

GLOBAL TECHNICAL TEXTILES LIMITED Shareholders

fiona jane hancock	48.6%
jonathan malkin james hancock	48.6%
james o.g hancock	0.93%
sophie j. hancock	0.93%
william j.j hancock	0.93%

Global Technical Textiles Limited currently has 3 directors. The longest serving directors include Mrs Fiona Hancock (Jan 2005) and Mr Jonathan Hancock (Jan 2005).

officer	country	age	start	end	role
Mrs Fiona Hancock	England	61 years	Jan 2005	-	Director
Mr Jonathan Hancock	England	60 years	Jan 2005	-	Director
Mr James Hancock	England	27 years	May 2024	-	Director

P&L

May 2024

turnover

690.7k

-47%

operating profit

55.1k

gross margin

23.4%

-24.03%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2024

net assets

378.6k

+0.17%

total assets

739.4k

+0.02%

cash

402.3k

+0.26%

net assets

Total assets minus all liabilities

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company number

05340134

Type

Private limited with Share Capital

industry

13300 - Finishing of textiles

incorporation date

January 2005

ultimate parent company

None

previous names

N/A

address

2 station view, hazel grove, stockport, SK7 5ER

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to global technical textiles limited. Currently there are 1 open charges and 2 have been satisfied in the past.

global technical textiles limited Company Information

global technical textiles limited Estimated Valuation

global technical textiles limited Estimated Valuation

global technical textiles limited Estimated Valuation

Global Technical Textiles Limited Overview

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