QUALTEX UK LIMITED
📉Decliningactive
00708974 · ltd · incorporated 1961-11-24
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
£24.26M
year to Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Wholesale of household goods (other than musical instruments) n.e.c.
Sector: Wholesale & retail
Investor take
PursueLeverage-led grower with a 61-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
8 live charges · 4 lenders · oldest 17.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 17.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
19 officers (3 active, 19 linked, 12 with DOB)
83
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
149 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £1,205,018
Turnover YoY
-7%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £24.26M | £25.96M |
| Gross profit | £5.07M | £5.16M |
| Operating profit | £1.39M | £1.89M |
| Profit before tax | £1.21M | £1.68M |
| Average employees | 5300 | 6100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
0
filings
Last 90 days
3
filings
- • 3 officers
Last 180 days
3
filings
- • 3 officers
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
- 2026-04-15📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2026-04-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-04-01➕HULME, Caroline appointedsecretary
- 2026-03-31➖GIBBONS, Christopher resignedsecretary
- 2026-03-31➖GIBBONS, Christopher resigneddirector
- 2025-11-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-09-24📄accounts-with-accounts-type-fullaccounts · AA
- 2025-08-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-08-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-08-15📄accounts-with-accounts-type-fullaccounts · AA
- 2023-07-28📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2022-06-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-17🔒Charge registered #8Lender: Hsbc UK Bank PLC
- 2021-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2021-03-01➖GARNHAM, Stuart Muir Knott resigneddirector
- 2021-03-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-11-04📄accounts-with-accounts-type-fullaccounts · AA
- 2020-06-26➕GIBBONS, Christopher appointedsecretary
- 2020-06-26➖MCKENZIE, Chris resignedsecretary
- 2020-06-26➕GIBBONS, Christopher appointeddirector
- 2020-06-26➖MCKENZIE, Christopher John resigneddirector
- 2020-06-26📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-06-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-11-11➕GARNHAM, Stuart Muir Knott appointeddirector
- 2019-06-12➕MCKENZIE, Christopher John appointeddirector
- 2018-12-03➕MCKENZIE, Chris appointedsecretary
- 2018-12-03➖STORAH, Richard resignedsecretary
- 2018-12-03➖STORAH, Richard resigneddirector
- 2018-11-05➖HUGHES, John resigneddirector
- 2018-04-18🔒Charge registered #7Lender: Hsbc Bank PLC
- 2017-12-14➖HULME, Caroline resignedsecretary
- 2017-12-14➕STORAH, Richard appointedsecretary
- 2017-11-24➖WHITEHEAD, Kirk Lawson resigneddirector
- 2017-08-10➕WHITEHEAD, Kirk Lawson appointeddirector
- 2017-04-20➕HUGHES, John appointeddirector
- 2016-11-25🔒Charge registered #6Lender: Hsbc Bank PLC
- 2016-09-09🔒Charge registered #5Lender: Hsbc Invoice Finance (UK) LTD
- 2016-04-28➖NORMAN, Tina Louise resigneddirector
- 2015-12-23➕STORAH, Richard appointeddirector
- 2014-10-31➖SMITH, Janine Brenda resigneddirector
- 2014-10-15🔓Charge satisfied #2
- 2014-09-26🔒Charge registered #4Lender: Hsbc Bank PLC
- 2014-09-26🔒Charge registered #3Lender: Hsbc Bank PLC
- 2014-07-25➕HULME, Caroline appointeddirector
- 2014-07-25➕HULME, Caroline appointedsecretary
Showing most recent 50 of 62 events
Owner dependency
84/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 18 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 low2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: GIBBONS, Christopher resigned 2026-03-31; GIBBONS, Christopher resigned 2026-03-31
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Qualtex Global Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Qualtex Global Limited
Corporate parent · holds 75-100% shares · board control
⬇
QUALTEX UK LIMITED
This company · 00708974
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Qualtex Global Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/10/2017 |
3 historic (ceased) PSCs
- Mrs Caroline Hulmeceased 12/11/2025· 25-50% voting
- Mr George Hulmeceased 12/11/2025· 75-100% shares
- Mr Philip Hulmeceased 12/11/2025· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Wholesale & distribution · M postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 247 WHOLESALE LIMITED→ 12762828 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ABDALLA AL SAFI TRADING COMPANY LTD→ 17044421 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABDULAZIZ AL-MEKHLAFI TRADING & INVESTMENT LTD→ 17081692 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABDULHALIM WAZEA ESMAIL COMMERCIAL LTD→ 16950227 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABDULJABBAR & BROTHERS GENERAL TRADING LTD→ 16724138 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABDULKHALEQ MOHAMMED ABDU ENAN AND PARTENERS CO LTD→ 16897760 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABDULLAH ABDULQAWI AL-GAASHANI FOR TRADING AND INVESTMENT LTD→ 16365694 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABDULLAH ABORAS TRADING LIMITED→ 16220768 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABDULLAH ABUFAREA FOR MOBILE PHONES AND ACCESSORIES TRADING LTD→ 17079557 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABDULMOMEN SAIF ALAWADHI AND PARTNER COMPANY LTD→ 16917095 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABDULQADER AHMED SALEH AL-AWLAQI AND PARTNERS CO LTD→ 16855238 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABDULQAWI AL-HUMAIKANI TRADING COMPANY LTD→ 16898730 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated1961-11-24
Jurisdictionengland-wales
Primary SIC46499 — Wholesale of household goods (other than musical instruments) n.e.c.
Registered office
Unit 1 Denton Hall Farm Road
Denton
Manchester
M34 2SX
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-22
Last: 2025-08-08
Officers (3 active · 16 resigned)
Active
HULME, Caroline→
Activedirector · ~61y · appointed 2014-07-25
View their other companies + combined net worth →
HULME, Philip→
Activedirector · ~61y · appointed 2008-06-02
View their other companies + combined net worth →
GIBBONS, Christopher→
Resignedsecretary · appointed 2020-06-26 · resigned 2026-03-31
HULME, Caroline→
Resignedsecretary · appointed 2014-07-25 · resigned 2017-12-14
HULME, Susan→
Resignedsecretary · resigned 2013-12-20
MCKENZIE, Chris→
Resignedsecretary · appointed 2018-12-03 · resigned 2020-06-26
SMITH, Janine Brenda→
Resignedsecretary · appointed 2013-12-20 · resigned 2014-07-25
STORAH, Richard→
Resignedsecretary · appointed 2017-12-14 · resigned 2018-12-03
GARNHAM, Stuart Muir Knott→
Resigneddirector · ~48y · appointed 2019-11-11 · resigned 2021-03-01
GIBBONS, Christopher→
Resigneddirector · ~40y · appointed 2020-06-26 · resigned 2026-03-31
HUGHES, John→
Resigneddirector · ~64y · appointed 2017-04-20 · resigned 2018-11-05
HULME, George→
Resigneddirector · ~88y · resigned 2013-12-20
HULME, Susan→
Resigneddirector · ~92y · resigned 2013-12-20
MCKENZIE, Christopher John→
Resigneddirector · ~61y · appointed 2019-06-12 · resigned 2020-06-26
NORMAN, Tina Louise→
Resigneddirector · ~60y · appointed 2014-07-25 · resigned 2016-04-28
SMITH, Janine Brenda→
Resigneddirector · ~52y · appointed 2014-07-25 · resigned 2014-10-31
STORAH, Richard→
Resigneddirector · ~49y · appointed 2015-12-23 · resigned 2018-12-03
WHITEHEAD, Kirk Lawson→
Resigneddirector · ~46y · appointed 2017-08-10 · resigned 2017-11-24
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
6
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 17/06/2022 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | — | 18/04/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 25/11/2016 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 09/09/2016 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 26/09/2014 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 26/09/2014 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Debenture | 1 property | 27/07/2009 | 15/10/2014 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Debenture containing fixed and floated charges | 1 property | 02/07/2008 | 17/09/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (149 total)
appoint-person-secretary-company-with-name-date
officers · AP03
2026-04-15
termination-director-company-with-name-termination-date
officers · TM01
2026-04-10
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-11-12
accounts-with-accounts-type-full
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-18
accounts-with-accounts-type-full
accounts · AA
2024-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-full
accounts · AA
2023-07-28