Future Garments Limited
02690536
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
29/05/2025
medium
Next accounts due
28/02/2027
Confirmation statement
Last: 25/02/2026
Due 11/03/2027
Industry
Officers
secretary · Since 25/02/1993
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 64
Also on 21 other boards
director · Since 25/02/1993
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 59
Also on 15 other boards
director · Since 25/02/1993
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 64
Also on 21 other boards
Persons with Significant Control
Aqua Holdings Limited
Aqua House, Buttress Way, Smethwick, B66 3DL
Reg: 02996703 · Registered Office · Limited Company
Notified 07/04/2021
Former PSCs
Mr. Kuldip Singh Palak
Ceased 07/04/2021
Charges1 outstanding
LLOYDS BANK PLC
SVENSKA HANDELSBANKEN AB (PUBL)
SVENSKA HANDELSBANKEN AB (PUBL)
KULDIP SINGH PALAK AND HARDIP DINGH PALAK TRADING AS PALAK ESTATES
SVENSKA HANDELSBANKEN AB (PUBL)
BIBBY FINANCIAL SERVICES AS SECURITY TRUSTEE
HSBC BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 42+ SIC 14120 peers61
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
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. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 29/05/2025
Turnover
£9.7M
Annual revenue
Net Worth
£13k
Balance sheet strength
Cash
£1.9M
Cash in the bank
Profit Before Tax
£260k
Bottom line earnings
Net Current Assets
£8.5M
Working capital
Current Assets
£13.3M
Current Liabilities
£4.8M
Fixed Assets
£123k
Debtors
£9.5M
Cost of Sales
£7.2M
Gross Profit
£2.5M
Admin Expenses
£2.4M
Operating Profit
£260k
Profit After Tax
£197k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.75 | +£0 |
| 2025 | 2.75 | -£8.5M |
| 2024 | 2.71 | +£40k |
| 2023 | 3.49 | +£126k |
| 2022 | 3.64 | -£93k |
| 2021 | 3.30 | +£691k |
| 2020 | 4.88 | +£1.1M |
| 2019 | 4.29 | +£529k |
| 2018 | 4.56 | — |
Derived from filed accounts. Not audited figures.