The Firmwatch take
Galtec Limited (02254217) currently shows: Watch signal detected, based on accounts to 30 September 2024; last refreshed 24 May 2026. Old public accounts — extracted from the latest filed accounts.
Companies House source·Accounts to 30 Sept 2024·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
9 May 1988
38 years on the register
Sector
Other specialised construction activities n.e.c.
SIC 43999
Size
Not classified
Net assets
£7.8m
Top 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Analytics
Risk, value and sector comparison
Insolvency risk
4/100
low risk
Estimated public-data value
£5,851,711 - £10,533,079
medium confidence - net asset range
Sector comparison
Sector: Specialist Trades
Sample: 113,141 companies
Negative net assets: 13.7%
- Net assets vs sector median
- £7,796,667
- Working capital vs sector median
- £6,407,998
- Sector median current ratio
- 1.31
Positive net assets
The latest extracted accounts show assets exceeding liabilities.
Risk and value are estimates from public accounts only. They are not a credit score, valuation opinion or insolvency prediction guarantee. See methodology.
Balance sheet
Full extracted balance sheet
Top 10% in sector · Sector medians shown for 113,141 filers in this sector (2024).
Cash at bank
Bank balances disclosed in the public accounts.
Not disclosed
Current assets
Assets expected to turn into cash within one year.
£16,698,689
Current liabilities
Amounts due within one year (short-term creditors).
£10,283,478
Working capital
Current assets minus current liabilities.
£6,415,211
Median £7k
Fixed assets
Long-term tangible and intangible assets.
Not disclosed
Total assets less current liabilities
Fixed assets plus working capital.
£10,843,041
Net assets
What's left after liabilities are deducted from assets.
£7,802,281
Median £6k
Equity (capital & reserves)
Shareholder funds.
£10,000
Current ratio
Current assets divided by current liabilities. Above 1.0× is usually easier to fund.
1.6×
Median 1.3×
Figures extracted from the company's public XBRL/iXBRL filing. Fields shown as Not disclosed are not legally required for this filing type and are absent from the source document — they are not necessarily zero.
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.