TURNBULL & ASSER LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-25
Confirmation statement due
2026-11-22 (in 6mo)
Last made up 2025-11-08
Watchouts
Cash
£2M
+135.3% highest in 5 filed years
Net assets
£4M
-29.3% lowest in 4 filed years
Employees
116
+7.4% highest in 4 filed years
Profit before tax
-£2M
-25.9% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 2.2 in the financial statements, which indicates that the financial statements have been prepared on a going concern basis based on the Directors' expectations of future support being made available by the ultimate controlling party. This and other matters set forth in note 2.2 indicate that a material uncertainty exists that may cast significant doubt over the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2025-01-25
| Metric | Trend | 2021-01-31 | 2022-01-29 | 2023-01-29 | 2024-01-25 | 2025-01-25 |
|---|---|---|---|---|---|---|
| Turnover | — | £7,296,000 | £9,913,000 | £9,305,000 | £9,993,000 | |
| Operating profit | — | -£1,365,000 | -£1,259,000 | -£1,373,000 | -£1,729,000 | |
| Profit before tax | — | -£1,366,000 | -£1,259,000 | -£1,373,000 | -£1,729,000 | |
| Net profit | — | -£1,197,000 | -£1,259,000 | -£1,373,000 | -£1,729,000 | |
| Cash | £846,000 | £737,000 | £1,775,000 | £869,000 | £2,045,000 | |
| Total assets less current liabilities | — | £8,527,000 | £7,268,000 | £5,895,000 | £4,166,000 | |
| Net assets | — | £8,527,000 | £7,268,000 | £5,895,000 | £4,166,000 | |
| Equity | £5,974,000 | £8,527,000 | £7,268,000 | £5,895,000 | £4,166,000 | |
| Average employees | — | 107 | 99 | 108 | 116 | |
| Wages | — | £3,277,000 | £3,397,000 | £4,135,000 | £4,097,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-01-31 | 2022-01-29 | 2023-01-29 | 2024-01-25 | 2025-01-25 |
|---|---|---|---|---|---|---|
| Operating margin | — | -18.7% | -12.7% | -14.8% | -17.3% | |
| Net margin | — | -16.4% | -12.7% | -14.8% | -17.3% | |
| Return on capital employed | — | -16.0% | -17.3% | -23.3% | -41.5% | |
| Current ratio | — | — | — | 1.57x | 1.10x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.2 in the financial statements, which indicates that the financial statements have been prepared on a going concern basis based on the Directors' expectations of future support being made available by the ultimate controlling party. This and other matters set forth in note 2.2 indicate that a material uncertainty exists that may cast significant doubt over the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”
Significant events
- “2024 was an important year of growth and recovery of sales, a period showing the Company's ability to maintain a trend of growth across all categories contributing to turnover, and especially a trend opposite to what the apparel market has shown at the global level.”
- “In 2025 and 2026 we will monitor activity at the newly re-opened segment of our Jermyn Street front shop, which was unveiled right before Christmas 2024.”
- “As part of the global strategy, 2024 saw the reopening of our Davies Street shop, that had been closed for the past five years with a consequent heavy overhead impacting our financial result.”
- “Our thorough due diligence orchestrated through 2023 allowed us to restructure the online presence, and immediate results were appreciated in 2024. Based on all findings and restructuring actioned through this year, we will reinforce our digital presence in 2025, and we will perfect the creation of our new high-performance website that will be launched in 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FAYED, James Allie | Director | 2007-06-07 | Apr 1979 | British |
| FAYED, Liam, Mr. | Director | 2017-04-03 | Jul 1987 | British |
| RIVA-NICCOLINI, Ilaria | Director | 2021-07-02 | Feb 1968 | American |
| TARLTON-WEATHERALL, Jonathan | Director | 2021-04-11 | May 1976 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, James Ralph Parnell | Secretary | — | 1993-07-05 |
| DEAN, Simon David Hatherly | Secretary | 2004-06-01 | 2010-06-01 |
| FOSTER, David Ian | Secretary | 2013-10-15 | 2017-12-22 |
| JERMAN, Susan | Secretary | 1993-07-05 | 2004-05-31 |
| MULLIGAN, Evelyn Mary Theresa | Secretary | 2010-06-01 | 2013-10-15 |
| NOORI, Nahida | Secretary | 2022-09-01 | 2024-01-05 |
| BAKER, Jonathan, Mr. | Director | 2017-04-03 | 2021-04-30 |
| BAYOUMI, Omar Hugh, Dr | Director | 1994-09-26 | 1995-06-30 |
| BLOW, Nigel Charles Craig | Director | 2013-03-04 | 2017-03-31 |
| BRADLEY, John Charles | Director | 1995-02-10 | 1996-03-07 |
| BRANIFF, Gillian Elaine | Director | — | 1992-04-30 |
| CLIFFORD, Neil Charles | Director | 2010-09-09 | 2021-07-01 |
| CUSS, Paul Edward | Director | — | 1999-04-30 |
| FAYED, Ali | Director | — | 2024-12-08 |
| FOSTER, David Ian | Director | 2014-03-11 | 2017-12-22 |
| GOLDSMITH, Barry Richard | Director | 2000-03-09 | 2001-01-31 |
| HILL, Charles Jeremy David | Director | — | 1996-10-31 |
| HILL, Steven Alan | Director | 2003-03-06 | 2003-12-09 |
| INGRAM, Anthony Patrick Francis | Director | 1993-11-01 | 1995-09-01 |
| JAMES, Anthony Clive | Director | 1992-05-01 | 1993-10-15 |
| LUXTON, Ian John | Director | 1995-09-14 | 2001-03-30 |
| MCCOY, Stephen Christopher | Director | 2012-01-01 | 2017-03-13 |
| MILLER, Steven William | Director | 2005-09-15 | 2013-05-24 |
| MOUNTFORD, Helena Mary | Director | 2001-04-01 | 2004-07-31 |
| PRICE, Paul Leslie | Director | 2005-02-01 | 2014-03-11 |
| QUIN, Steven Jeffrey | Director | 1997-06-12 | 2023-04-01 |
| REES BOUGHTON, Stuart | Director | 2003-02-01 | 2005-09-05 |
| STEARN, Mark Jonathan | Director | 1997-06-12 | 2003-01-31 |
| TUFFNEY, John Barry | Director | — | 1994-04-20 |
| TURNER, Mark | Director | 2018-03-08 | 2022-09-15 |
| WALSH, James Michael | Director | 1993-09-02 | 1994-09-26 |
| WILLIAMS, Kenneth Thomas | Director | — | 2005-09-12 |
| ZIPP, Manfred Eugen | Director | 1993-09-02 | 1995-12-14 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 259 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-06 | AA | accounts | Accounts with accounts type full | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-04 | AA | accounts | Accounts with accounts type full | |
| 2024-12-09 | CH01 | officers | Change person director company with change date | |
| 2024-12-08 | CH01 | officers | Change person director company with change date | |
| 2024-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-31 | AA | accounts | Accounts with accounts type full | |
| 2024-01-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-15 | AA | accounts | Accounts with accounts type full | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-20 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-08 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2022-03-08 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2022-02-21 | RESOLUTIONS | resolution | Resolution | |
| 2022-02-17 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-01-25 vs 2024-01-25
-
Turnover
+7.4%
£9,305,000 £9,993,000
highest in 4 filed years
-
Cash
+135.3%
£869,000 £2,045,000
highest in 5 filed years
-
Net assets
-29.3%
£5,895,000 £4,166,000
lowest in 4 filed years
-
Employees
+7.4%
108 116
highest in 4 filed years
-
Operating profit
-25.9%
-£1,373,000 -£1,729,000
lowest in 4 filed years
-
Profit before tax
-25.9%
-£1,373,000 -£1,729,000
lowest in 4 filed years
-
Wages
-0.9%
£4,135,000 £4,097,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers