PAUL SMITH LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As sufficient cash headroom exists during the going concern period, the Directors believe there is a reasonable expectation that the Group and Company has adequate liquidity headroom and so they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. PAUL SMITH LIMITED · parent
   1. Paul Smith France SAS 99.3% · France · operates retail outlets selling goods produced by Paul Smith Limited
   2. Paul Smith (Asia Pacific) Limited 100% · Hong Kong · operates a production office in Hong Kong and retail outlets selling goods produced by Paul Smith Limited
   3. Paul Smith Belgium SPRL 0.01% · Belgium · operates a showroom and retail outlet within Belgium
   4. Shanghai Paul Smith Business Services Company Ltd 100% · China · operates retail outlets selling goods produced by Paul Smith Limited

Significant events

• “Restructuring and reduction of staff during the year.”
• “Decision to sell the Paris showroom building after the year end.”
• “Company launched several new licenses during the year.”
• “In October 2025, the Company sold its Paris property housing showrooms and offices for €32,000,000 resulting in net cash proceeds of €25,000,000 and a profit on disposal of approximately £13,000,000.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -8%

  £144,389,000 → £132,818,000

• Cash

  -60.9%

  £16,535,000 → £6,472,000

• Net assets

  -316.9%

  £7,091,000 → -£15,377,000

• Employees

  -6.6%

  903 → 843

• Operating profit

  -27.1%

  -£14,256,000 → -£18,114,000

• Profit before tax

  -20.7%

  -£18,304,000 → -£22,095,000

• Wages

  +6.5%

  £29,657,000 → £31,581,000

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