MUSTO LIMITED

1. MUSTO LIMITED 1985-10-01 → present
2. MUSTO & HYDE ACCESSORIES LIMITED 1971-03-11 → 1985-10-01

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors, having considered the above and on the basis of their assessment of the company's and the Helly-Hansen Holdings AS group's financing arrangements, the Helly-Hansen group's cash flow forecasts, the letter of support provided by Helly-Hansen Holdings AS, and the reasonable expectations that both the Helly-Hansen group and the Kontoor Brands, Inc. group will continue as a going concern, the directors have concluded that the company will be able to continue in operational existence for at least twelve months from the date of approval of the financial statements. Consequently, the directors have concluded that it is appropriate to prepare these financial statements on a going concern basis.”

Significant events

• “On February 19, 2025, it was announced that Kontoor Brands, Inc. has entered into an agreement to acquire 100% ownership of Helly Hansen from Canadian Tire Corporation Ltd. The purchase price for the acquisition is approximately USD 900 million. The transaction completed on 1 June 2025 and Kontoor Brands, Inc. became the ultimate parent undertaking of the group.”
• “On 22 May 2025, in connection with streamlining the financial structure of the Canadian Tire Corporation, Limited group of companies, the company allotted and issued 30,558 B ordinary shares of GBP 1 each in the capital of the company to Musto Bidco Limited (consideration shares) and the subscription price for the consideration shares was satisfied by way of set-off against the repayment and discharge of the Musto Bidco Limited debt.”

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

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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

  -12.1%

  £13,273,000 → £11,670,000

• Cash

  -26.5%

  £1,179,000 → £866,000

• Net assets

  -0.2%

  -£21,994,000 → -£22,043,000

• Employees

  -15.4%

  104 → 88

• Operating profit

  +99%

  -£3,358,000 → -£35,000

• Profit before tax

  +100.4%

  -£3,304,000 → £12,000

• Wages

  -20.5%

  £3,617,000 → £2,877,000

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