BURGESS FURNITURE LTD

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

Consolidated group

Auditor

Bright Grahame Murray

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management remains confident in the Group's ability to continue as a going concern, even as the hospitality industry begins to emerge from a period of significant challenge. At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. BURGESS FURNITURE LTD · parent
   1. Burgess Furniture Inc 100% · USA · Furniture agent/distributor
   2. HS Bankett Burgess GmbH 100% · Germany · Furniture agent/distributor
   3. Hospitality Furnishings Ltd 50% · England and Wales · Dormant company

Significant events

• “Continued geopolitical instability, including the ripple effects of the Red Sea conflict and broader supply chain disruptions.”
• “Inflationary pressures and elevated interest rates impacting customer budgets and procurement cycles.”
• “A competitive labour market, prompting strategic investment in staff retention and development.”
• “Implemented targeted cost controls and operational efficiencies without compromising product quality.”
• “Burgess implemented a Cross-Skilling Programme, enabling staff to work across multiple departments.”
• “The Group has written off the trade debt associated with HS Bankett Burgess GmbH (HSBB), its wholly owned German subsidiary.”
• “Material price increases from suppliers-driven by their own financial pressures-persisted throughout the year. Despite this, Burgess management made a deliberate decision not to pass these costs on to customers.”
• “Actively exploring diversification opportunities beyond the hospitality sector to build resilience and unlock new revenue streams.”

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

Filings

2

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

  -20.6%

  £11,064,909 → £8,782,707

• Cash

  +12.3%

  £956,502 → £1,073,707

• Net assets

  -11.8%

  £3,423,177 → £3,020,046

  lowest in 4 filed years

• Employees

  -6.6%

  106 → 99

  lowest in 4 filed years

• Operating profit

  -90.7%

  -£668,200 → -£1,274,163

• Profit before tax

  -140%

  -£568,350 → -£1,363,883

• Wages

  -8.5%

  £3,854,880 → £3,526,872

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