GALT ONE LIMITED
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Cash
£6.3M
+7.4% highest in 6 filed years
Net assets
£7.5M
-2.5% vs 2024
Employees
108
+16.1% highest in 6 filed years
Profit before tax
£91K
-94.3% first positive since 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
6-year trend · vs Consumer Discretionary 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 | — | — | — | £27,104,615 | £30,303,513 | £38,352,285 | +26.6% | |
| Operating profit | — | — | — | -£1,152,231 | £1,594,321 | £91,905 | -94.2% | |
| Profit before tax | — | — | — | -£1,151,752 | £1,593,754 | £91,072 | -94.3% | |
| Net profit | — | — | — | -£1,041,793 | £1,238,951 | -£189,271 | -115.3% | |
| Cash | £574,630 | £206,141 | £188,312 | £3,846,875 | £5,830,050 | £6,262,887 | +7.4% | |
| Total assets less current liabilities | £3,738,230 | £3,744,353 | £3,712,279 | £6,517,588 | £7,731,838 | £7,601,155 | -1.7% | |
| Net assets | — | — | — | £6,422,639 | £7,661,590 | £7,472,319 | -2.5% | |
| Equity | £3,738,230 | £3,744,353 | £3,712,279 | £6,422,639 | £7,661,590 | £7,472,319 | -2.5% | |
| Average employees | 91 | 82 | 71 | 91 | 93 | 108 | +16.1% | |
| Wages | — | — | — | £3,136,880 | £3,511,503 | £4,185,968 | +19.2% | |
| Directors' remuneration | — | — | — | £164,000 | £190,000 | £191,123 | +0.6% |
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 | — | — | — | -4.3% | 5.3% | 0.2% | |
| Net margin | — | — | — | -3.8% | 4.1% | -0.5% | |
| Return on capital employed | — | — | — | -17.7% | 20.6% | 1.2% | |
| Gearing (liabilities / total assets) | — | — | — | 50.6% | 50.8% | — | |
| Current ratio | — | — | — | 1.73x | — | — |
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
“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
- “UK inflation remains above target, and the pace of economic recovery is still sluggish. This continues to affect household confidence and non-essential retail sales. The ongoing conflict in Iran has introduced further geopolitical uncertainty.”
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 75–100% (as firm), Appoints directors | 2017-04-13 | Ceased 2020-10-16 |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-24 | AA | accounts | Accounts with accounts type group | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.