QUANTUM CLOTHING GROUP LIMITED

1. QUANTUM CLOTHING GROUP LIMITED 2001-01-29 → present
2. COATS VIYELLA CLOTHING LIMITED 1996-01-12 → 2001-01-29
3. CV APPAREL LIMITED 1988-04-21 → 1996-01-12
4. MERITINA LIMITED 1987-11-09 → 1988-04-21
5. LANCASTER CARPETS LIMITED 1865-01-11 → 1987-11-09

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

BBK Partnership

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In the opinion of directors, it is appropriate to prepare the financial statements on the going concern basis as, the company is now making profits by providing apparel design services to the group (retaining a fixed margin on services provided as per the transfer pricing agreement between the company and the related parties) and is expected to continue to do so for the foreseeable future. This arrangement supports the directors' assessment that the company will generate profits and, will be able to settle its obligations as and when they fall due. On the basis of their enquiries, the directors consider that the potential impact of the reciprocal tariffs imposed by the USA Trump administration on the trading prospects and cash flows of the wider group will be mitigated by strict cost control initiatives and taking steps to move the production to locations where the tariffs are somewhat neutral and minimizing the tariff impacts. Also, global events such as the Russia/Ukraine war, Israel/Palestine conflict and their impacts on the group were considered in forming the going concern assessment for the company. Accordingly, the directors are satisfied that the wider group will continue to require the services of the company, will be able to fund them and it is appropriate to prepare these financial statements on a going concern basis.”

Group structure

1. QUANTUM CLOTHING GROUP LIMITED · parent
   1. Quantum Apparel Cambodia Limited 100% · Cambodia · manufacturing underwear and related textile products for export.

Significant events

• “During the year 2024 the Sri Lankan economy improved steadily, and the country declared the end of the financial crisis and bankruptcy in December 2024.”
• “The reciprocal tariffs announced by the Trump administration in the USA has forced the management to relook at 2025 financial performance targets. The group's major manufacturing destinations, Sri Lanka and Cambodia are subject to tariffs of 44% and 49% respectively, which was later suspended for 3 months.”
• “On 2nd August 2021, the parent company of QCGL, "Quantum Clothing Lanka Pvt Ltd" issued a formal deed of waiver in respect of the payable balance of $11,134,000. This waiver has restored the company's solvency with net current and net assets now being reported.”

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

Filings

2

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.

• Turnover

  +21.4%

  £1,322,025 → £1,605,512

• Cash

  +76.8%

  £108,890 → £192,557

• Net assets

  +4%

  £1,377,514 → £1,432,650

• Employees

  +16.7%

  12 → 14

• Operating profit

  +3.9%

  £73,540 → £76,397

• Profit before tax

  +12.3%

  £49,101 → £55,136

• Wages

  +19.9%

  £497,094 → £596,047

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