Jerseytex Ltd.
02882883
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/05/2025
medium
Next accounts due
28/02/2027
Confirmation statement
Last: 13/12/2025
Due 27/12/2026
Industry
Officers
director · Since 05/01/1994
KNITTED FABRIC MANUFACTURER
BRITISH · UNITED KINGDOM · Age 58
Also on 5 other boards
Persons with Significant Control
Mr Baljinder Singh Sidhu
British · United Kingdom · Age 58
Unit 82, Tipton, DY4 0HR
Notified 06/04/2016
Mr Pritpal Singh Sidhu
British · England · Age 65
Unit 82, Tipton, DY4 0HR
Notified 06/04/2016
Charges1 outstanding
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CompanyRankvs 105+ SIC 13910 peers70
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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
result of an intercompany loan being written off during the year of £1,050,503 (2024 - £Nil) Page 2 JERSEYTEX LTD. (Registered number: 02882883) Strategic Report for the Year Ended 31 May 2025 GOING CONCERN The Directors believes there are no material uncertainties that call into doubt the Company’s ability to continue as a going concern and the accounts have therefore been prepared on the
Key FinancialsYear ending 31/05/2025
Turnover
£20.1M
Annual revenue
Net Worth
£10.2M
Balance sheet strength
Cash
£980k
Cash in the bank
Profit Before Tax
-£443k
Bottom line earnings
Net Current Assets
£8.7M
Working capital
Current Assets
£15.4M
Current Liabilities
£6.7M
Fixed Assets
£2.2M
Debtors
£10.0M
Cost of Sales
£15.9M
Gross Profit
£4.2M
Admin Expenses
£3.5M
Operating Profit
£714k
Profit After Tax
-£594k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.29 | -£825k |
| 2024 | 2.26 | +£1.3M |
| 2019 | 2.21 | +£1.3M |
| 2018 | 1.94 | — |
Derived from filed accounts. Not audited figures.