LILLYWHITES LIMITED

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 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors believe that the Company is well placed to manage its business risks successfully despite the continued uncertain economic outlook. The Group is profitable, highly cash generative and has considerable financial resources. The Group is able to operate within its banking facilities and covenants. On the 2nd July 2025, the Group completed the refinancing of its combined term loan and revolving credit facility, which now has total commitments of £3 billion. This facility has a three-year tenor with two one-year extension options. Having thoroughly reviewed the performance of the Company and Frasers Group plc and having made suitable enquiries, the Directors are confident that the Company and Frasers Group plc have adequate resources to remain in operational existence for the foreseeable future which is at least 12 months from the date of these financial statements. Trading would need to fall significantly below levels observed during the pandemic to require mitigating actions or a relaxation of covenants. On this basis, the Directors continue to adopt the going concern basis for the preparation of the Annual Report and financial statements which is a period of at least 12 months from the date of approval of these financial statements.”

Significant events

• “The company's revenue decreased by 9.8% from £17,315k to £15,619k due to lower footfall in stores as a result of low consumer confidence.”
• “Gross margin in the company decreased from 46.4% to 42.5% in the period reflecting increasing cost pressures and changes in the product mix.”
• “The company's net liabilities decreased from £22,653k to £20,583k due to the profit in the period.”
• “Employee turnover increased in the year from 17% to 25%.”
• “On the 2nd July 2025, the Group completed the refinancing of its combined term loan and revolving credit facility, which now has total commitments of £3 billion.”

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

Filings

3

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

  -9.8%

  £17,315,000 → £15,619,000

• Cash

  +72.2%

  £18,000 → £31,000

• Net assets

  +9.1%

  -£22,653,000 → -£20,583,000

• Employees

  -7.8%

  103 → 95

• Operating profit

  -79.4%

  £13,355,000 → £2,747,000

• Profit before tax

  -79.4%

  £13,355,000 → £2,747,000

• Wages

  -1.2%

  £2,021,000 → £1,996,000

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