GARTEC LTD.
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Cash
£1.5m
-54% vs 2024
Net assets
£1.8m
-54.8% lowest in 6 filed years
Employees
81
+11% highest in 6 filed years
Profit before tax
£833k
-9% vs 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £11,871,804 | £14,337,559 | £15,329,044 | £16,151,992 | £19,124,727 | £20,432,552 | +6.8% | |
| Operating profit | £15,886 | £264,226 | — | £411,100 | £775,579 | £720,017 | -7.2% | |
| Profit before tax | £15,847 | £264,226 | £620,049 | £496,531 | £916,049 | £833,465 | -9% | |
| Net profit | -£5,541 | £221,566 | £417,682 | £382,383 | £683,696 | £596,585 | -12.7% | |
| Cash | £1,637,875 | £1,237,738 | £1,111,674 | £2,641,280 | £3,225,805 | £1,483,363 | -54% | |
| Total assets less current liabilities | £2,318,187 | £2,539,753 | £2,957,435 | £3,339,818 | £4,023,514 | £1,820,099 | -54.8% | |
| Net assets | — | — | — | £3,339,818 | £4,023,514 | £1,820,099 | -54.8% | |
| Equity | £2,318,187 | £2,539,753 | £2,957,435 | £3,339,818 | £4,023,514 | £1,820,099 | -54.8% | |
| Average employees | 56 | 60 | 68 | 66 | 73 | 81 | +11% | |
| Wages | £2,142,548 | £2,590,813 | £3,037,733 | £3,098,568 | £3,592,753 | £4,162,981 | +15.9% | |
| Directors' remuneration | £171,027 | £143,533 | £116,791 | £112,047 | £113,386 | £173,206 | +52.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 0.1% | 1.8% | — | 2.5% | 4.1% | 3.5% | |
| Net margin | -0.0% | 1.5% | 2.7% | 2.4% | 3.6% | 2.9% | |
| Return on capital employed | 0.7% | 10.4% | — | 12.3% | 19.3% | 39.6% | |
| Gearing (liabilities / total assets) | — | — | — | 65.3% | 64.6% | 80.7% | |
| Current ratio | — | — | — | 1.45x | 1.48x | 1.15x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CALLOW, Jason | Secretary | 2022-05-03 | — | — |
| HARPER, Andrew Frederick | Director | 2019-03-01 | Jan 1959 | British |
| NYLUND, Niclas Erik Christian | Director | 2025-08-21 | Apr 1984 | Swedish |
| VEGGIAN, Andrea | Director | 2025-08-21 | Sep 1975 | Italian |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FALK, Patricia Ann | Secretary | 1994-02-15 | 2004-07-01 |
| FAULKNER-BROWN, Denise | Secretary | 2013-10-01 | 2014-07-28 |
| MORUZZI, Luca | Secretary | 2018-10-08 | 2022-04-29 |
| SMITH, Richard | Secretary | 2004-07-01 | 2013-10-01 |
| STRICKLAND, Peter James | Secretary | 2014-07-29 | 2018-10-08 |
| CHETTLEBURGH INTERNATIONAL LIMITED | Corporate Nominee Secretary | 1994-02-15 | 1994-02-15 |
| BORG, Karl Johan Martin | Director | 2023-09-07 | 2025-08-21 |
| CARDELL, Bengt Torborn | Director | 2005-11-08 | 2016-05-31 |
| ELM OLSSON, Maria Jenny Sofi | Director | 2016-05-31 | 2018-05-31 |
| FALK, Curt | Director | 1994-02-15 | 2013-11-08 |
| FALK, Patricia Ann | Director | 2002-03-05 | 2005-11-08 |
| FRANSSON, Borje | Director | 2005-11-08 | 2008-02-01 |
| HUYNH, Anh Le Tsung | Director | 2021-08-20 | 2023-09-07 |
| IDBRANT, Martin Kenth | Director | 2017-04-24 | 2025-08-21 |
| LOWBACK, Lars Tommy | Director | 2008-02-01 | 2017-03-31 |
| PARR, Graham Stuart | Director | 2012-12-03 | 2018-12-01 |
| SOLBU, Eva Kerstin Margareta | Director | 2018-12-01 | 2020-11-01 |
| WELIN, Charlotte | Director | 2016-05-31 | 2016-05-31 |
| WELIN, Charlotte Solveig Johanna | Director | 2016-05-31 | 2016-12-31 |
| CHETTLEBURGH'S LIMITED | Corporate Nominee Director | 1994-02-15 | 1994-02-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aritco Group Ab | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-31 | Active |
Filing timeline
Last 20 of 149 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-08 MA Memorandum articles
- 2026-06-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-13 | AA | accounts | Accounts with accounts type full | |
| 2026-06-08 | MA | incorporation | Memorandum articles | |
| 2026-06-08 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-08 | SH10 | capital | Capital variation of rights attached to shares | |
| 2026-06-08 | SH08 | capital | Capital name of class of shares | |
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | CH01 | officers | Change person director company with change date | |
| 2025-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-09-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-12 | AA | accounts | Accounts with accounts type full | |
| 2023-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.