GLT ELECTRICAL WHOLESALERS LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-26 (in 9mo)
Last made up 2026-02-12
Watchouts
None on the register
Cash
£590K
-29.6% vs 2024
Net assets
£3M
+32.8% highest in 5 filed years
Employees
40
+14.3% highest in 5 filed years
Profit before tax
£1M
+15% vs 2024
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £11,163,355 | £13,591,857 | |
| Operating profit | — | — | — | £921,454 | £1,029,793 | |
| Profit before tax | — | — | — | £869,688 | £1,000,570 | |
| Net profit | — | — | — | £647,687 | £740,810 | |
| Cash | £54,364 | £100,838 | £511,057 | £837,660 | £590,010 | |
| Total assets less current liabilities | £656,975 | £1,723,218 | £2,566,977 | £2,856,330 | £3,393,261 | |
| Net assets | -£72,324 | £347,761 | £1,495,131 | £2,075,693 | £2,756,503 | |
| Equity | -£72,324 | £347,761 | £1,495,131 | £2,075,693 | £2,756,503 | |
| Average employees | 6 | 18 | 24 | 35 | 40 | |
| Wages | — | — | — | £1,324,511 | £1,651,103 | |
| Directors' remuneration | — | — | — | £436,902 | £529,833 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+21.8%
£11,163,355 £13,591,857
-
Cash
-29.6%
£837,660 £590,010
-
Net assets
+32.8%
£2,075,693 £2,756,503
highest in 5 filed years
-
Employees
+14.3%
35 40
highest in 5 filed years
-
Operating profit
+11.8%
£921,454 £1,029,793
-
Profit before tax
+15%
£869,688 £1,000,570
-
Wages
+24.7%
£1,324,511 £1,651,103
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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 8.3% | 7.6% | |
| Net margin | — | — | — | 5.8% | 5.5% | |
| Return on capital employed | — | — | — | 32.3% | 30.3% | |
| Gearing (liabilities / total assets) | — | — | — | 61.0% | 54.6% | |
| Current ratio | — | — | — | 1.96x | 2.10x | |
| Interest cover | — | — | — | 14.26x | 21.86x |
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.
Name history
Renamed 2 times since incorporation
- GLT ELECTRICAL WHOLESALERS LTD 2020-05-04 → present
- GRANTS ELECTRICAL SUPPLIES LTD 2020-03-06 → 2020-05-04
- GLT GROUP LTD 2020-02-13 → 2020-03-06
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Group 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.”
Group structure
- GLT ELECTRICAL WHOLESALERS LTD · parent
- GLT High Wycombe Ltd 80%
- GLT Oxford Ltd 90%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRANT, Andrew David | Secretary | 2020-02-13 | — | — |
| GRANT, Andrew David | Director | 2020-02-13 | Dec 1977 | British |
| LAU, Kenneth Hon-Whai | Director | 2024-12-02 | Jun 1962 | British |
| LAWES, Mark Robert | Director | 2020-02-13 | Mar 1980 | British |
| TWELFTREE, Jonathan Robert | Director | 2020-02-13 | Jan 1980 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew David Grant | Individual | Shares 50–75%, Voting 50–75% | 2020-02-13 | Active |
Filing timeline
Last 20 of 28 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-20 MA Memorandum articles
- 2023-04-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-12 | AA | accounts | Accounts with accounts type group | |
| 2025-03-07 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-03-07 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-18 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-04-20 | MA | incorporation | Memorandum articles | |
| 2023-04-20 | SH01 | capital | Capital allotment shares | |
| 2023-04-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-20 | SH01 | capital | Capital allotment shares | |
| 2023-04-20 | SH02 | capital | Capital alter shares subdivision | |
| 2023-04-20 | SH08 | capital | Capital name of class of shares | |
| 2023-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-07 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-10 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-08-19 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.