trutex limited
trutex limited Company Information
Company Number
07132787
Next Accounts
Sep 2025
Industry
Wholesale of clothing and footwear
Shareholders
trutex investments ltd
Group Structure
View All
Contact
Registered Address
jubilee mill taylor street, clitheroe, lancashire, BB7 1NL
Website
www.trutex.comtrutex limited Estimated Valuation
Pomanda estimates the enterprise value of TRUTEX LIMITED at £15m based on a Turnover of £25.6m and 0.59x industry multiple (adjusted for size and gross margin).
trutex limited Estimated Valuation
Pomanda estimates the enterprise value of TRUTEX LIMITED at £11.5m based on an EBITDA of £1.7m and a 6.66x industry multiple (adjusted for size and gross margin).
trutex limited Estimated Valuation
Pomanda estimates the enterprise value of TRUTEX LIMITED at £1.4m based on Net Assets of £757k and 1.86x industry multiple (adjusted for liquidity).
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Trutex Limited Overview
Trutex Limited is a live company located in lancashire, BB7 1NL with a Companies House number of 07132787. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in January 2010, it's largest shareholder is trutex investments ltd with a 100% stake. Trutex Limited is a established, large sized company, Pomanda has estimated its turnover at £25.6m with low growth in recent years.
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Trutex Limited Health Check
Pomanda's financial health check has awarded Trutex Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £25.6m, make it larger than the average company (£16.1m)
£25.6m - Trutex Limited
£16.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.8%)
1% - Trutex Limited
5.8% - Industry AVG
Production
with a gross margin of 33.3%, this company has a comparable cost of product (31%)
33.3% - Trutex Limited
31% - Industry AVG
Profitability
an operating margin of 5.3% make it more profitable than the average company (4%)
5.3% - Trutex Limited
4% - Industry AVG
Employees
with 103 employees, this is above the industry average (47)
103 - Trutex Limited
47 - Industry AVG
Pay Structure
on an average salary of £38.1k, the company has an equivalent pay structure (£38.1k)
£38.1k - Trutex Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £248.5k, this is less efficient (£327.4k)
£248.5k - Trutex Limited
£327.4k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (39 days)
15 days - Trutex Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (30 days)
22 days - Trutex Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 128 days, this is in line with average (135 days)
128 days - Trutex Limited
135 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (11 weeks)
16 weeks - Trutex Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.6%, this is a higher level of debt than the average (58.5%)
94.6% - Trutex Limited
58.5% - Industry AVG
TRUTEX LIMITED financials
Trutex Limited's latest turnover from December 2023 is £25.6 million and the company has net assets of £757 thousand. According to their latest financial statements, Trutex Limited has 103 employees and maintains cash reserves of £3.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 25,599,000 | 26,988,000 | 25,857,000 | 24,739,000 | 27,621,000 | 26,008,000 | 26,900,000 | 24,284,000 | 22,481,000 | 21,176,000 | 21,005,000 | 21,291,000 | 19,535,000 | 16,297,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 17,082,000 | 18,335,000 | 16,521,000 | 15,833,000 | 18,267,000 | 16,875,000 | 17,229,000 | 15,898,000 | 14,814,000 | 14,294,000 | 14,324,000 | 14,251,000 | 13,124,000 | 11,507,000 |
| Gross Profit | 8,517,000 | 8,653,000 | 9,336,000 | 8,906,000 | 9,354,000 | 9,133,000 | 9,671,000 | 8,386,000 | 7,667,000 | 6,882,000 | 6,681,000 | 7,040,000 | 6,411,000 | 4,790,000 |
| Admin Expenses | 7,162,000 | 7,936,000 | 8,333,000 | 8,707,000 | 8,437,000 | 11,281,000 | 8,877,000 | 6,204,000 | 6,015,000 | 5,740,000 | 5,773,000 | 5,685,000 | 5,881,000 | 5,201,000 |
| Operating Profit | 1,355,000 | 717,000 | 1,003,000 | 199,000 | 917,000 | -2,148,000 | 794,000 | 2,182,000 | 1,652,000 | 1,142,000 | 908,000 | 1,355,000 | 530,000 | -411,000 |
| Interest Payable | 1,772,000 | 1,052,000 | 650,000 | 961,000 | 750,000 | 724,000 | 523,000 | 475,000 | 720,000 | 806,000 | 864,000 | 816,000 | 752,000 | 580,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 807,000 | 172,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -417,000 | -335,000 | 353,000 | -762,000 | 974,000 | -2,490,000 | 264,000 | 1,657,000 | 932,000 | 336,000 | 44,000 | 539,000 | -222,000 | -991,000 |
| Tax | -114,000 | -34,000 | 36,000 | 41,000 | -75,000 | -32,000 | -169,000 | -218,000 | -135,000 | 15,000 | 0 | 0 | 0 | 0 |
| Profit After Tax | -531,000 | -369,000 | 389,000 | -721,000 | 899,000 | -2,522,000 | 95,000 | 1,439,000 | 797,000 | 351,000 | 44,000 | 539,000 | -222,000 | -991,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -531,000 | -369,000 | 389,000 | -721,000 | 899,000 | -2,522,000 | 95,000 | 1,439,000 | 797,000 | 351,000 | 44,000 | 539,000 | -222,000 | -991,000 |
| Employee Costs | 3,920,000 | 3,931,000 | 3,982,000 | 3,723,000 | 4,030,000 | 3,838,000 | 3,604,000 | 3,321,000 | 3,207,000 | 2,968,000 | 3,083,000 | 2,843,000 | 2,644,000 | 2,217,000 |
| Number Of Employees | 103 | 116 | 107 | 120 | 135 | 132 | 123 | 140 | 140 | 117 | 108 | 111 | 104 | 98 |
| EBITDA* | 1,732,000 | 1,184,000 | 1,450,000 | 680,000 | 1,387,000 | -1,702,000 | 962,000 | 2,499,000 | 1,946,000 | 1,417,000 | 1,187,000 | 1,606,000 | 784,000 | -261,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 278,000 | 359,000 | 397,000 | 407,000 | 481,000 | 597,000 | 447,000 | 375,000 | 395,000 | 476,000 | 545,000 | 501,000 | 452,000 | 177,000 |
| Intangible Assets | 864,000 | 1,047,000 | 1,171,000 | 1,291,000 | 1,510,000 | 1,399,000 | 1,459,000 | 1,526,000 | 1,658,000 | 1,734,000 | 1,848,000 | 1,962,000 | 2,077,000 | 2,190,000 |
| Investments & Other | 818,000 | 818,000 | 818,000 | 341,000 | 191,000 | 191,000 | 190,000 | 868,000 | 798,000 | 798,000 | 798,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,960,000 | 2,224,000 | 2,386,000 | 2,039,000 | 2,182,000 | 2,187,000 | 2,096,000 | 2,769,000 | 2,851,000 | 3,008,000 | 3,191,000 | 2,463,000 | 2,529,000 | 2,367,000 |
| Stock & work in progress | 6,036,000 | 7,648,000 | 5,980,000 | 4,489,000 | 4,764,000 | 4,750,000 | 5,663,000 | 3,212,000 | 3,690,000 | 3,915,000 | 4,362,000 | 3,832,000 | 3,499,000 | 2,250,000 |
| Trade Debtors | 1,070,000 | 1,786,000 | 1,187,000 | 1,045,000 | 936,000 | 1,191,000 | 946,000 | 1,278,000 | 986,000 | 1,085,000 | 659,000 | 896,000 | 985,000 | 848,000 |
| Group Debtors | 80,000 | 1,418,000 | 1,153,000 | 824,000 | 397,000 | 172,000 | 2,400,000 | 1,260,000 | 554,000 | 372,000 | 177,000 | 0 | 0 | 0 |
| Misc Debtors | 1,418,000 | 2,810,000 | 1,310,000 | 849,000 | 818,000 | 1,653,000 | 601,000 | 2,149,000 | 1,190,000 | 877,000 | 411,000 | 705,000 | 614,000 | 356,000 |
| Cash | 3,482,000 | 1,438,000 | 675,000 | 1,252,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,086,000 | 15,100,000 | 10,305,000 | 8,459,000 | 6,915,000 | 7,766,000 | 9,610,000 | 7,899,000 | 6,420,000 | 6,249,000 | 5,609,000 | 5,433,000 | 5,098,000 | 3,454,000 |
| total assets | 14,046,000 | 17,324,000 | 12,691,000 | 10,498,000 | 9,097,000 | 9,953,000 | 11,706,000 | 10,668,000 | 9,271,000 | 9,257,000 | 8,800,000 | 7,896,000 | 7,627,000 | 5,821,000 |
| Bank overdraft | 7,101,000 | 7,683,000 | 3,194,000 | 0 | 2,194,000 | 2,354,000 | 1,709,000 | 545,000 | 3,286,000 | 3,595,000 | 3,812,000 | 2,194,000 | 2,058,000 | 253,000 |
| Bank loan | 1,500,000 | 2,500,000 | 1,000,000 | 700,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 700,000 | 400,000 | 400,000 |
| Trade Creditors | 1,068,000 | 1,300,000 | 639,000 | 414,000 | 419,000 | 379,000 | 574,000 | 353,000 | 351,000 | 570,000 | 307,000 | 354,000 | 172,000 | 181,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 313,000 | 34,000 | 0 | 31,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 391,000 | 962,000 | 745,000 | 2,232,000 | 1,313,000 | 763,000 | 0 | 59,000 | 468,000 | 712,000 | 745,000 | 1,060,000 | 982,000 | 555,000 |
| hp & lease commitments | 6,000 | 0 | 0 | 31,000 | 87,000 | 87,000 | 0 | 0 | 0 | 0 | 23,000 | 22,000 | 20,000 | 0 |
| other current liabilities | 1,249,000 | 1,187,000 | 1,144,000 | 1,019,000 | 519,000 | 1,005,000 | 2,538,000 | 428,000 | 614,000 | 556,000 | 742,000 | 858,000 | 737,000 | 1,024,000 |
| total current liabilities | 11,315,000 | 13,632,000 | 6,722,000 | 4,709,000 | 4,966,000 | 4,988,000 | 5,252,000 | 1,785,000 | 5,119,000 | 5,833,000 | 6,029,000 | 5,188,000 | 4,369,000 | 2,413,000 |
| loans | 1,950,000 | 1,822,000 | 4,220,000 | 5,098,000 | 2,497,000 | 2,817,000 | 3,229,000 | 3,546,000 | 1,076,000 | 1,466,000 | 3,299,000 | 3,359,000 | 4,427,000 | 4,399,000 |
| hp & lease commitments | 24,000 | 0 | 0 | 0 | 30,000 | 117,000 | 0 | 0 | 0 | 0 | 2,000 | 23,000 | 44,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 127,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 33,000 | 174,000 | 7,000 | 330,000 | 162,000 | 116,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,974,000 | 1,822,000 | 4,347,000 | 5,098,000 | 2,560,000 | 3,108,000 | 3,236,000 | 3,876,000 | 1,238,000 | 1,582,000 | 3,401,000 | 3,382,000 | 4,471,000 | 4,399,000 |
| total liabilities | 13,289,000 | 15,454,000 | 11,069,000 | 9,807,000 | 7,526,000 | 8,096,000 | 8,488,000 | 5,661,000 | 6,357,000 | 7,415,000 | 9,430,000 | 8,570,000 | 8,840,000 | 6,812,000 |
| net assets | 757,000 | 1,870,000 | 1,622,000 | 691,000 | 1,571,000 | 1,857,000 | 3,218,000 | 5,007,000 | 2,914,000 | 1,842,000 | -630,000 | -674,000 | -1,213,000 | -991,000 |
| total shareholders funds | 757,000 | 1,870,000 | 1,622,000 | 691,000 | 1,571,000 | 1,857,000 | 3,218,000 | 5,007,000 | 2,914,000 | 1,842,000 | -630,000 | -674,000 | -1,213,000 | -991,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,355,000 | 717,000 | 1,003,000 | 199,000 | 917,000 | -2,148,000 | 794,000 | 2,182,000 | 1,652,000 | 1,142,000 | 908,000 | 1,355,000 | 530,000 | -411,000 |
| Depreciation | 147,000 | 219,000 | 204,000 | 176,000 | 212,000 | 238,000 | 143,000 | 185,000 | 163,000 | 161,000 | 165,000 | 136,000 | 141,000 | 58,000 |
| Amortisation | 230,000 | 248,000 | 243,000 | 305,000 | 258,000 | 208,000 | 25,000 | 132,000 | 131,000 | 114,000 | 114,000 | 115,000 | 113,000 | 92,000 |
| Tax | -114,000 | -34,000 | 36,000 | 41,000 | -75,000 | -32,000 | -169,000 | -218,000 | -135,000 | 15,000 | 0 | 0 | 0 | 0 |
| Stock | -1,612,000 | 1,668,000 | 1,491,000 | -275,000 | 14,000 | -913,000 | 1,973,000 | -478,000 | 3,690,000 | -447,000 | 530,000 | 333,000 | 1,249,000 | 2,250,000 |
| Debtors | -3,446,000 | 2,364,000 | 932,000 | 567,000 | -865,000 | -931,000 | 1,217,000 | 1,957,000 | 2,730,000 | 1,087,000 | -354,000 | 2,000 | 395,000 | 1,204,000 |
| Creditors | -232,000 | 661,000 | 225,000 | -5,000 | 40,000 | -195,000 | 223,000 | 2,000 | 351,000 | 263,000 | -47,000 | 182,000 | -9,000 | 181,000 |
| Accruals and Deferred Income | 62,000 | -84,000 | 252,000 | 500,000 | -486,000 | -1,533,000 | 1,924,000 | -186,000 | 614,000 | -286,000 | -16,000 | 121,000 | -287,000 | 1,024,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -33,000 | -141,000 | 167,000 | -155,000 | 168,000 | 162,000 | 116,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,506,000 | -2,305,000 | -460,000 | 891,000 | 1,576,000 | -1,451,000 | -405,000 | 786,000 | -3,482,000 | 885,000 | 948,000 | 1,574,000 | -1,156,000 | -2,510,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -135,000 | |||||||||||||
| Change in Investments | 0 | 0 | 477,000 | 150,000 | 0 | 1,000 | -608,000 | 70,000 | 798,000 | 0 | 798,000 | 0 | 0 | 0 |
| cash flow from investments | -135,000 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -1,000,000 | 1,500,000 | 300,000 | 300,000 | 0 | 0 | 0 | 0 | 400,000 | 0 | -300,000 | 300,000 | 0 | 400,000 |
| Group/Directors Accounts | 0 | 0 | -313,000 | 279,000 | 34,000 | -31,000 | 31,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -571,000 | 217,000 | -1,487,000 | 919,000 | 550,000 | 763,000 | -468,000 | -409,000 | 468,000 | -33,000 | -315,000 | 78,000 | 427,000 | 555,000 |
| Long term loans | 128,000 | -2,398,000 | -878,000 | 2,601,000 | -320,000 | -412,000 | 2,153,000 | 2,470,000 | 1,076,000 | -1,833,000 | -60,000 | -1,068,000 | 28,000 | 4,399,000 |
| Hire Purchase and Lease Commitments | 30,000 | 0 | -31,000 | -86,000 | -87,000 | 204,000 | 0 | 0 | 0 | -25,000 | -20,000 | -19,000 | 64,000 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,772,000 | -1,052,000 | -650,000 | -961,000 | 57,000 | -552,000 | -523,000 | -475,000 | -720,000 | -806,000 | -864,000 | -816,000 | -752,000 | -580,000 |
| cash flow from financing | -3,767,000 | -1,116,000 | -2,517,000 | 2,893,000 | -951,000 | 1,133,000 | 1,402,000 | 2,240,000 | 3,341,000 | -576,000 | -1,559,000 | -1,525,000 | -233,000 | 4,774,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 2,044,000 | 763,000 | -577,000 | 1,252,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | -582,000 | 4,489,000 | 3,194,000 | -2,194,000 | -160,000 | 645,000 | -1,577,000 | -2,741,000 | 3,286,000 | -217,000 | 1,618,000 | 136,000 | 1,805,000 | 253,000 |
| change in cash | 2,626,000 | -3,726,000 | -3,771,000 | 3,446,000 | 160,000 | -645,000 | 1,577,000 | 2,741,000 | -3,286,000 | 217,000 | -1,618,000 | -136,000 | -1,805,000 | -253,000 |
trutex limited Credit Report and Business Information
Trutex Limited Competitor Analysis
Perform a competitor analysis for trutex limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in BB7 area or any other competitors across 12 key performance metrics.
trutex limited Ownership
TRUTEX LIMITED group structure
Trutex Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
TRUTEX LIMITED
07132787
2 subsidiaries
trutex limited directors
Trutex Limited currently has 5 directors. The longest serving directors include Mr Matthew Easter (Jun 2010) and Mr Andrew Ducker (Dec 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Easter | United Kingdom | 48 years | Jun 2010 | - | Director |
| Mr Andrew Ducker | England | 61 years | Dec 2010 | - | Director |
| Mr John Hogan | 62 years | May 2018 | - | Director | |
| Mr Umar Khan | United Kingdom | 46 years | Dec 2018 | - | Director |
| Mr James McNicholas | 56 years | Apr 2024 | - | Director |
P&L
December 2023turnover
25.6m
-5%
operating profit
1.4m
+89%
gross margin
33.3%
+3.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
757k
-0.6%
total assets
14m
-0.19%
cash
3.5m
+1.42%
net assets
Total assets minus all liabilities
trutex limited company details
company number
07132787
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
incorporation date
January 2010
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
expressed as limited (March 2010)
accountant
-
auditor
ERNST & YOUNG LLP
address
jubilee mill taylor street, clitheroe, lancashire, BB7 1NL
Bank
HSBC BANK PLC
Legal Advisor
WALKER MORRIS LLP
trutex limited Charges & Mortgages
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 12 charges/mortgages relating to trutex limited. Currently there are 4 open charges and 8 have been satisfied in the past.
trutex limited Companies House Filings - See Documents
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