VALTTI LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-26 (in 10mo)
Last made up 2026-03-12
Watchouts
None on the register
Cash
£215K
+63.5% highest in 3 filed years
Net assets
£4M
+8.8% highest in 3 filed years
Employees
43
+2.4% highest in 3 filed years
Profit before tax
£632K
-20.5% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £13,330,043 | £12,578,303 | |
| Operating profit | — | — | — | — | £837,120 | £674,116 | |
| Profit before tax | — | — | — | — | £794,956 | £632,356 | |
| Net profit | £253,017 | — | — | — | £655,693 | £516,586 | |
| Cash | £8,074 | — | — | — | £131,334 | £214,721 | |
| Total assets less current liabilities | £672,232 | — | — | — | £3,598,226 | £3,794,262 | |
| Net assets | £408,199 | — | — | — | £3,281,777 | £3,570,863 | |
| Equity | £408,199 | £1,157,471 | £1,816,258 | — | £3,281,777 | £3,570,863 | |
| Average employees | 30 | — | — | — | 42 | 43 | |
| Wages | — | — | — | — | £1,630,243 | £1,710,453 | |
| Directors' remuneration | — | — | — | — | £372,500 | £446,567 |
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
-5.6%
£13,330,043 £12,578,303
-
Cash
+63.5%
£131,334 £214,721
highest in 3 filed years
-
Net assets
+8.8%
£3,281,777 £3,570,863
highest in 3 filed years
-
Employees
+2.4%
42 43
highest in 3 filed years
-
Operating profit
-19.5%
£837,120 £674,116
-
Profit before tax
-20.5%
£794,956 £632,356
-
Wages
+4.9%
£1,630,243 £1,710,453
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 6.3% | 5.4% | |
| Net margin | — | — | — | — | 4.9% | 4.1% | |
| Return on capital employed | — | — | — | — | 23.3% | 17.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | 49.7% | 44.4% | |
| Current ratio | — | — | — | — | 1.96x | 2.15x | |
| Interest cover | — | — | — | — | 19.77x | 15.80x |
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
- VALTTI LTD 2018-05-08 → present
- VALTTI SPECIALIST COATINGS LIMITED 1992-12-22 → 2018-05-08
- A.T.WOODFINISHES 1982-06-03 → 1992-12-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- 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 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.”
Significant events
- “Subsequent to the year end, the company experienced the failure of a major customer, which resulted in a material debtor balance being written off. Whilst this was a setback, the accelerated acquisition of this customer by C. Brewers & Sons Ltd has ensured continuity of trade and provided a stable platform for ongoing supply.”
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 |
|---|---|---|---|---|
| HANCOX, Jamie | Director | 2008-01-14 | Aug 1983 | British |
| TURKINGTON, David | Director | 2015-02-04 | Nov 1982 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HANCOX, Elizabeth Anne | Secretary | — | 2014-10-20 |
| HANCOX, Elizabeth Anne | Director | — | 2014-10-20 |
| HANCOX, Timothy | Director | — | 2014-10-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David Turkington | Individual | Shares 25–50%, Voting 25–50% | 2017-03-31 | Active |
| Mr Jamie Hancox | Individual | Shares 50–75%, Voting 75–100%, Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-05-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-09-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-18 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-09-29 | AA01 | accounts | Change account reference date company previous shortened | |
| 2020-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-23 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-02-14 | 466(Scot) | mortgage | Mortgage alter floating charge with number |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.