GL DAMECK LIMITED

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

• Turnover

  -59.4%

  £63,796,221 → £25,890,081

• Cash

  +80.8%

  £1,854,492 → £3,352,812

• Net assets

  +90.8%

  -£1,308,231 → -£120,241

  highest in 5 filed years

• Employees

  -67.5%

  117 → 38

  lowest in 5 filed years

• Operating profit

  +2,022.1%

  £67,651 → £1,435,648

• Profit before tax

  +85.4%

  £594,518 → £1,102,281

• Wages

  -67.5%

  £3,751,755 → £1,220,818

  lowest in 5 filed years

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

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.

1. GL DAMECK LIMITED 2010-03-25 → present
2. BAFIZ UK LIMITED 2007-01-10 → 2010-03-25

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has completed scenario forecasting and stress testing for the period to 31 January 2027. As part of this exercise the directors have assessed that the banking facilities avai able and the actions and strategies available to them to mitigate business threats under stress testing. The forecasts demonstrate that the group could operate within its available funding arrangements. The directors have assessed the company's ability to be able to continue as a going concern. In their opinion adequate facilities are in place at present, and there is no reason to expect that adequate facilities will not continue to be in place following the facility review in January 2027.”

Group structure

1. GL DAMECK LIMITED · parent
   1. Diamond Sport Retail Limited 100% · Scotland · Retail of sports apparel and merchandise
   2. GLD (Europe) GmbH 100% · Germany · Management services

Significant events

• “Following the comprehensive restructure completed on 31 January 2024, the company has transitioned to a performance-led strategy with a clear focus on Return on Investment (ROI) and debt management.”
• “On 31 January 2024 the company transferred the business relating to certain sports brands to a fellow subsidiary company of the Dameck Holdings group, Ardblair Sports Importers Limited. The company also entered into an arrangement with a third party relating to its sponsorship business.”
• “On 31 January 2024 the company transferred its shareholding in the subsidiary undertakings, GLD Brands Limited, Swallowtail Lifestyle Limited and Addict Holdings Limited to a fellow subsidiary company of the Dameck Holdings group, Ardblair Sports Importers Limited.”
• “On 31 January 2024 the company transferred certain elements of its business to a fellow subsidiary company of the Dameck Holdings group, Ardblair Sports Importers Limited and its subsidiaries. This included stock net of provisions totalling £3,837,146, debtors totalling £969,466 and creditors totalling £153,664. Intangible assets with a net book value of £12,333 were disposed of for a consideration of £12,133 and tangible fixed assets with a net book value of £9,167 were disposed of for a consideration of £4,766 to Ardblair Sports Importers Limited and its subsidiaries.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.