MATALAN RETAIL LTD.

1. MATALAN RETAIL LTD. 1998-03-03 → present
2. MATALAN DISCOUNT CLUB (CASH & CARRY) LTD. 1992-12-10 → 1998-03-03
3. MATALAN (CASH & CARRY) LIMITED 1988-08-12 → 1992-12-10
4. MATALAN (SALFORD) LIMITED 1987-02-25 → 1988-08-12

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed the Group cashflow forecasts in order to inform the Board's conclusions as to the ability of Matalan Retail Limited and the wider Group to have sufficient headroom to meet its liabilities as they fall due, and to allow it to operate as a going concern over a period of 12 months from the approval of the financial statements.”

Significant events

• “The 52 weeks to 22 February 2025 represented a challenging trading environment for the Matalan business and the wider retail sector. Consumer demand remained severely subdued throughout the period with high levels of inflation and high interest rates putting pressure on customers' disposable income and levels of discretionary spend.”
• “The Company achieved Earnings before interest, tax, depreciation and amortisation ("EBITDA") before exceptional items of £146.3m (2024: £144.1m).”
• “Revenue for the 52 weeks ended 22 February 2025 was £984.6m (2024: £1,081.0m). Against the backdrop of a challenging economic environment, the year-on-year decline in sales was a direct result of subdued consumer spending driving an increase in market competition. This decline was further exacerbated by stock availability issues due in part to the disruption to trade caused by the Red Sea Crisis.”
• “In December 2022, Maryland Holdco Limited, was incorporated in order to effect the acquisition of Matalan Finance plc and its subsidiary undertakings, by an ad-hoc group of bondholders, headed up by the Group's four largest note holders. This acquisition was completed on 26 January 2023.”
• “In 2023 we introduced Klarna and in 2024 we introduced Clearpay as flexible ways to pay... accounting for c. 20% of our total online sales.”
• “In 2024 we also launched a new customer experience programme, our 'Smile Score'.”
• “We opened one new store in winter 2024 in Hereford... Subsequent to the year-end we relocated our Beckton store to a more attractive retail park.”
• “During FY25, we introduced a new colleague reward platform... and have invested in our leadership development.”
• “FY25 saw us commence the transition of our warehouse management systems to a SaaS operating model in order to future-proof our distribution centre systems.”
• “Post year-end, the Group successfully negotiated an additional £25m of Super Senior Note funding from its investor group, to enable the delivery of the Group's strategic aims and to enable the associated capital investment required to fast-track our growth plans. This funding was drawn in full in April 2025.”

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

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

  -8.9%

  £1,081,000,000 → £984,600,000

• Cash

  -29.9%

  £122,600,000 → £85,900,000

• Net assets

  -1,125%

  -£2,800,000 → -£34,300,000

• Employees

  -1.8%

  10,461 → 10,277

• Operating profit

  +2.7%

  £29,700,000 → £30,500,000

• Profit before tax

  +5.8%

  -£48,200,000 → -£45,400,000

• Wages

  +11.6%

  £147,300,000 → £164,400,000

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