GALT ONE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-13 (in 5mo)
Last made up 2025-09-29
Watchouts
Cash
£6M
+51.6% vs 2023
Net assets
£8M
+19.3% vs 2023
Employees
93
+2.2% vs 2023
Profit before tax
£2M
+238.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £27,104,615 | £30,303,513 | |
| Operating profit | — | — | — | — | — | -£1,152,231 | £1,594,321 | |
| Profit before tax | — | — | — | — | — | -£1,151,752 | £1,593,754 | |
| Net profit | — | — | — | — | — | -£1,041,793 | £1,238,951 | |
| Cash | — | — | — | — | — | £3,846,875 | £5,830,050 | |
| Total assets less current liabilities | — | — | — | — | — | £6,517,588 | £7,731,838 | |
| Net assets | — | — | — | — | — | £6,422,639 | £7,661,590 | |
| Equity | £3,386,882 | £3,743,911 | £3,738,230 | £3,744,353 | £3,712,279 | £6,422,639 | £7,661,590 | |
| Average employees | — | — | — | — | — | 91 | 93 | |
| Wages | — | — | — | — | — | £3,136,880 | £3,511,503 | |
| Directors' remuneration | — | — | — | — | — | £164,000 | £190,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+11.8%
£27,104,615 £30,303,513
-
Cash
+51.6%
£3,846,875 £5,830,050
-
Net assets
+19.3%
£6,422,639 £7,661,590
-
Employees
+2.2%
91 93
-
Operating profit
+238.4%
-£1,152,231 £1,594,321
-
Profit before tax
+238.4%
-£1,151,752 £1,593,754
-
Wages
+11.9%
£3,136,880 £3,511,503
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -4.3% | 5.3% | |
| Net margin | — | — | — | — | — | -3.8% | 4.1% | |
| Return on capital employed | — | — | — | — | — | -17.7% | 20.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 50.6% | 50.8% | |
| Current ratio | — | — | — | — | — | 1.73x | 1.81x | |
| Interest cover | — | — | — | — | — | -1189.09x | 2657.20x |
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
- Belluzzo Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- GALT ONE LIMITED · parent
- Brandy Carnaby Limited 100%
- Brandy Melville Online Ltd 100%
- Brandy Melville UK Ltd 100%
- Madagascar Hampstead Limited 100%
- Madagascar UK Limited 100%
- STG Notting Hill Limited 100%
- STG K-Road Limited 100%
Significant events
- “Turnover increased by 11% from £27,104,615 in 2023 to £30,303,513 in 2024.”
- “Profit after tax was £1,238,951, compared with a loss of £1,041,793 in 2023, marking a return to sustainable profitability.”
- “The group has £5,830,050 in cash at bank and in hand as of 2024, compared to £3,846,875 in 2023.”
- “The group continues to maintain a strong net assets position of £7,661,590 at year-end 2024, up from £6,422,639 in 2023.”
- “The directors believe that the company's improved financial position, including its return to profitability and strengthened cash reserves, provides resilience in the current climate. Along with proactive cost management and continued investment in brand development and digital channels, the group is well positioned to navigate uncertainty and deliver long-term value to stakeholders.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KERMABON, Maude Lise | Director | 2017-04-13 | Jul 1951 | French |
| SARRACINO, Alfonso | Director | 2019-01-01 | Apr 1982 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SALEEM, Faisal | Secretary | 2016-06-01 | 2017-03-15 |
| DE PETRIS, Adriano | Director | 2013-07-15 | 2017-04-13 |
| RATSIMANOHATRA, Andy | Director | 2015-06-19 | 2016-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mlkm Holding Ag | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-18 | Ceased 2025-09-01 |
| Mrs Maude Lise Kermabon | Individual | Shares 75–100%, Voting 75–100%, voting-rights-75-to-100-percent-as-firm, Appoints directors | 2017-04-13 | Ceased 2020-10-16 |
Filing timeline
Last 20 of 54 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-16 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-09-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-29 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-26 | AA | accounts | Accounts with accounts type group | |
| 2025-07-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-12 | AA | accounts | Accounts with accounts type group | |
| 2023-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | AA | accounts | Accounts with accounts type group | |
| 2022-10-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-26 | AA | accounts | Accounts with accounts type group | |
| 2021-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-17 | AA | accounts | Accounts with accounts type group | |
| 2021-02-24 | RP04PSC02 | persons-with-significant-control | Second filing notification of a person with significant control | |
| 2021-01-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-01-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-10-14 | AA | accounts | Accounts with accounts type group | |
| 2020-09-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.