HOBBS LIMITED

1. HOBBS LIMITED 1991-10-17 → present
2. PEACE & QUIET LIMITED 1991-02-01 → 1991-10-17
3. HOBBS LIMITED 1981-12-31 → 1991-02-01
4. LISTBROOK LIMITED 1981-07-31 → 1981-12-31

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future being a period of at least twelve months from the date of signing this report. The directors consider that it is appropriate to prepare the accounts on a going concern basis based on the cash flow projections they have prepared at an individual brand level and their assessment of borrowing facilities available to the TFG Brands (London) Limited group (of which Hobbs is a wholly owned subsidiary) as well as support from the ultimate parent (The Foschini Group Limited). Management has prepared a detailed forecast to cover the 12-month period of trading from the signing date of these financial statements. As at the balance sheet date, TFG Brands (London) Limited has a £90m revolving credit facility available, expiring in March 2027. TFG Brands (London) Limited has currently drawn down £78m (2024: £18.5m) of this and holds £25.9m of cash as of 29 March 2025. Given the level of cash held both by Hobbs and within the TFG Brands (London) Limited Group as at the year end and based on updated cashflow forecasts including various scenarios, the directors believe that cash flows from operations and on-hand cash and cash equivalents provide adequate funds to support the operations for at least 12 months from the date of signing these accounts. While expecting that the UK group headed by TFG Brands (London) Limited will be able to continue trading independently, the directors have also obtained a letter of support from the ultimate parent company The Foschini Group Limited. The letter of support confirms that the Foschini Group Limited will continue to provide financial and other support to the entity to the extent necessary to enable it to continue in its business and meet its financial obligations as they fall due in the normal course of business for at least 12 months from the date of approval of the financial statements for the year ended 29 March 2025. The directors have taken all necessary steps to assure themselves of both the ability and intention of the parent company to provide the support offered for the full going concern period and have given due consideration to the potential uncertainties arising from relying upon the support of another company. As a consequence, the directors believe the company is well placed to manage its business risks successfully and meet liabilities as they fall due despite the uncertain economic outlook and consider it appropriate to prepare the financial statements on the going concern basis.”

Significant events

• “During the year, including own stores and concessions, Hobbs opened six new stores and closed 18 stores. The total number of stores (including concessions) across Hobbs in the UK at the end of the year amounted to 123 (2024: 135).”
• “Looking ahead to this year we remain cautious in our outlook noting both the continued geopolicitical unrest, including threats of trade wars, as well as heightened cyber-criminal activity.”

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

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

  -5.1%

  £123,866,000 → £117,539,000

• Cash

  -72.9%

  £12,442,000 → £3,369,000

• Net assets

  +42.8%

  £29,106,000 → £41,549,000

• Employees

  -2.4%

  368 → 359

• Operating profit

  +20%

  £13,938,000 → £16,732,000

• Profit before tax

  +20.7%

  £13,804,000 → £16,659,000

• Wages

  +2%

  £13,295,000 → £13,562,000

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