ARGOS LIMITED
Get an alert when ARGOS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-06 (in 7mo)
Last filed for 2025-03-01
Confirmation statement due
2026-06-15 (in 1mo)
Last made up 2025-06-01
Watchouts
None on the register
Cash
£84M
-35.1% vs 2024
Net assets
£265M
-41.6% vs 2024
Employees
9,800
-18.3% vs 2024
Profit before tax
-£223M
-698.4% vs 2024
Name history
Renamed 1 time since incorporation
- ARGOS LIMITED 1999-08-13 → present
- ARGOS DISTRIBUTORS LIMITED 1972-11-13 → 1999-08-13
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-01
| Metric | Trend | 2024-03-02 | 2025-03-01 |
|---|---|---|---|
| Turnover | £4,225,400,000 | £4,134,200,000 | |
| Operating profit | £38,600,000 | -£217,100,000 | |
| Profit before tax | £37,300,000 | -£223,200,000 | |
| Net profit | £29,000,000 | -£197,400,000 | |
| Cash | £128,600,000 | £83,500,000 | |
| Total assets less current liabilities | £793,600,000 | £672,900,000 | |
| Net assets | £453,700,000 | £265,100,000 | |
| Equity | £453,700,000 | £265,100,000 | |
| Average employees | 12,000 | 9,800 | |
| Wages | £452,400,000 | £437,500,000 |
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 | 2024-03-02 | 2025-03-01 |
|---|---|---|---|
| Operating margin | 0.9% | -5.3% | |
| Net margin | 0.7% | -4.8% | |
| Return on capital employed | 4.9% | -32.3% | |
| Gearing (liabilities / total assets) | 84.9% | 90.9% | |
| Current ratio | 0.61x | 0.55x | |
| Interest cover | 3.94x | -17.23x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company has received a letter of support from its ultimate parent Company, which confirmed their intention and ability to provide financial support to enable the Company to continue to trade for 12 months from the date of approval of these financial statements.”
Group structure
- ARGOS LIMITED · parent
- First Stop Stores Limited 100%
- Argos SURBS Investment Limited 100%
- Home Retail Group Holdings (Overseas) Limited 100%
- Argos Card Transactions Limited 100%
- Argos Business Solutions Limited 100%
- Argos Distributors (Ireland) Limited 100%
- Home Retail Group (Finance) LLP 99.9%
- Jungle.com Holdings Limited 100%
- Argos (N.I.) Limited 100%
- Sainsbury's Argos Asia Technical Limited 37.5%
- Sainsbury's Argos Asia Commercial Limited 37.5%
- Sainsbury's Argos Asia Sourcing Limited 37.5%
- Sainsbury's Argos Asia Limited 37.5%
- Sainsbury's Argos Commercial Consultancy (Shanghai) Limited 37.5%
- Jungle.com Limited 100%
- Software Warehouse Holdings Limited 100%
- Jungle Online 50%
Significant events
- “Revenue for the company decreased by 2% to £4,134.2 million (2024: £4,225.4 million), which was driven by a subdued and highly competitive general merchandise market.”
- “The company generated underlying loss before tax of £73.2 million (2024: loss of £13.5 million) and loss after tax for the year is £197.4 million (2024: profit of £29.0 million).”
- “Net assets of the Company were £265.1 million (2024: £453.7 million). The decrease was predominantly as a result of the loss incurred in the year.”
- “In January 2025 the Group issued £550 million of Investment Grade Corporate Bonds. The Bonds were split into two tranches, a £250 million tranche maturing in June 2030 and a £300 million tranche maturing in January 2035. The proceeds of the Bonds was used to repay in full the £575 million committed term loan facility.”
- “In accordance with Section 485 of the Companies Act 2006, the Company passed a resolution on 8 October 2025 to appoint PricewaterhouseCoopers as auditors of the Company with effect from 8 October 2025. The current auditors, Ernst and Young, have confirmed that they will not seek reappointment.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 58 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SAINSBURY'S CORPORATE SECRETARY LIMITED | Corporate Secretary | 2021-05-07 | — | — |
| BERGIN, Blathnaid | Director | 2022-01-10 | May 1975 | Irish |
| BIGGART, Graham Ross | Director | 2024-02-10 | Jun 1986 | British |
| GIVEN, Mark | Director | 2020-05-29 | Aug 1976 | British |
Show 58 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENTLEY, Gordon Andrew | Secretary | 2007-04-02 | 2008-01-10 |
| FALLOWFIELD, Timothy | Secretary | 2018-05-03 | 2019-06-14 |
| FOO, Julia | Secretary | 2019-06-14 | 2021-05-07 |
| GRACIE, Marie Louise | Secretary | — | 1995-08-18 |
| GUTHRIE, Anthony | Secretary | 2016-11-23 | 2018-05-03 |
| HAMILTON, Deborah Pamela | Secretary | 2014-09-11 | 2016-11-23 |
| HOLMES, Colin John | Secretary | 1997-05-15 | 2007-04-02 |
| MCKELVEY, Penelope Ann | Secretary | 2013-06-28 | 2014-09-11 |
| MELVILLE, David Charles | Secretary | 1995-08-18 | 1997-05-15 |
| PARKER, Philip Alexander | Secretary | 2007-10-29 | 2013-06-28 |
| WILLIS, Michael Haydn Allen | Secretary | 1994-11-03 | 2009-05-12 |
| ADAMS, David William | Director | 2013-03-22 | 2016-06-10 |
| ASHTON, Richard John | Director | 2001-12-14 | 2016-09-02 |
| BRAZIL, Eugene Gerard | Director | — | 2009-12-31 |
| BROWN, James Raymond | Director | 2019-10-31 | 2020-05-29 |
| CARSE, Michael George | Director | 1998-01-01 | 2000-05-04 |
| CATLIN, Claire Louise | Director | 2019-02-15 | 2019-12-06 |
| CLEGG, Dean | Director | 2016-09-02 | 2019-02-15 |
| CONNOR, Peter | Director | 2010-03-29 | 2012-04-18 |
| DUDDY, Terence | Director | 1998-09-09 | 2014-03-14 |
| DUNNE, Patrick Gerard | Director | 2019-02-15 | 2019-10-31 |
| FISHBOURNE, Peter John | Director | 1996-08-09 | 1998-05-12 |
| FROST, Graham Edward | Director | 1998-05-06 | 1998-09-17 |
| GEDDES, Paul Robert | Director | 2001-06-01 | 2004-03-05 |
| GOODLUCK, Stephen | Director | 2018-06-08 | 2019-02-15 |
| GREEN, Trevor Bernard | Director | — | 1997-04-03 |
| HALEY, Peter Nicholas | Director | — | 1995-09-30 |
| HALLETT, David | Director | 1995-11-01 | 1998-05-06 |
| HAMPSON, John Graham | Director | — | 1997-05-30 |
| JONES, Peter John | Director | 1999-04-06 | 2003-02-19 |
| LOFT, Paul Beverley | Director | 1999-07-30 | 2003-02-19 |
| LUCK, Michael | Director | 2020-12-16 | 2021-07-16 |
| MACMILLAN, Iain Stuart | Director | 2016-09-02 | 2018-06-08 |
| MAYHEAD, John William | Director | — | 1999-03-31 |
| MEGILLEY, Roy Peter | Director | — | 2000-01-04 |
| MELVILLE, David Charles | Director | 1998-05-06 | 1999-05-14 |
| MILLS-HICKS, Nicolas Paul Michael Angelo | Director | 2019-10-31 | 2021-01-31 |
| NICKOLDS, Paula Margaret | Director | 2021-07-16 | 2024-02-10 |
| O'CALLAGHAN, John Patrick | Director | — | 1996-07-31 |
| RANSOM ROSE, Stuart Alan | Director | 1998-02-09 | 1998-05-05 |
| ROBERTS, Simon John | Director | 2019-10-31 | 2020-05-29 |
| ROBINSON, Geoffrey Carr | Director | — | 1995-06-30 |
| ROBINSON, Stephen Leonard | Director | 2001-04-06 | 2004-07-12 |
| ROGERS, John Terence | Director | 2016-09-02 | 2019-10-31 |
| SIBBALD, Michael Robert | Director | 1996-08-09 | 2007-04-19 |
| SMITH, Matthew George | Director | 2004-07-12 | 2013-03-22 |
| SMITH, Michael John, Doctor | Director | — | 1998-04-30 |
| SWANN, Kathryn Elizabeth | Director | 2001-01-12 | 2003-09-29 |
| THOMPSON, Maria Philomena | Director | 2000-07-14 | 2016-09-02 |
| TRAVES, Nicola Lorraine | Director | — | 1998-11-30 |
| VENNELLS, Paula Anne | Director | 1998-05-06 | 2001-08-22 |
| WALDEN, John Carl | Director | 2012-04-18 | 2016-09-02 |
| WARDLE, Terence | Director | — | 2000-02-01 |
| WASS, Jonathan Paul | Director | 2021-01-31 | 2022-01-10 |
| WASS, Jonathan Paul | Director | 2019-12-06 | 2020-10-08 |
| WELLER, Sara Vivienne | Director | 2004-07-12 | 2011-06-01 |
| WILLIS, Mark Simon | Director | 2016-06-10 | 2016-09-15 |
| WOLFSON OF SUNNINGDALE, David, Lord | Director | 1998-05-10 | 2000-07-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Argos Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-09-01 | Active |
Filing timeline
Last 20 of 314 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-02-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-28 | AA | accounts | Accounts with accounts type full | |
| 2025-09-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-18 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-06-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-15 | CH01 | officers | Change person director company with change date | |
| 2024-09-22 | AA | accounts | Accounts with accounts type full | |
| 2024-07-22 | AD04 | address | Move registers to registered office company with new address | |
| 2024-07-22 | AD04 | address | Move registers to registered office company with new address | |
| 2024-07-22 | AD04 | address | Move registers to registered office company with new address | |
| 2024-06-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-29 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-02-29 | SH20 | capital | Legacy | |
| 2024-02-29 | CAP-SS | insolvency | Legacy | |
| 2024-02-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-09 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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 2025-03-01 vs 2024-03-02
-
Turnover
-2.2%
£4,225,400,000 £4,134,200,000
-
Cash
-35.1%
£128,600,000 £83,500,000
-
Net assets
-41.6%
£453,700,000 £265,100,000
-
Employees
-18.3%
12,000 9,800
-
Operating profit
-662.4%
£38,600,000 -£217,100,000
-
Profit before tax
-698.4%
£37,300,000 -£223,200,000
-
Wages
-3.3%
£452,400,000 £437,500,000
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