LANDS' END EUROPE LIMITED

1. LANDS' END EUROPE LIMITED 2011-03-24 → present
2. LANDS' END UK LIMITED 2008-10-03 → 2011-03-24
3. 665TH SHELF TRADING COMPANY LIMITED 1991-02-19 → 1991-07-17

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Whilst the Company has a strong balance sheet and no external borrowing it does, from time to time, rely on short-term funding to maintain a positive cash position via the management of the intercompany positions that it holds with both Lands' End GmbH and Lands' End, Inc. Lands' End, Inc. has provided a letter of support to the Company which indicates its intentions to continue to provide financial support to enable it to meet its liabilities as they fall due. Having received the letter of support and reviewed the performance of the business this year and the forecast results for at least the next 12 months, it is the opinion of the directors, that the business has adequate resources to continue in operational existence into the foreseeable future.”

Group structure

1. LANDS' END EUROPE LIMITED · parent
   1. Lands' End GmbH 1% · Germany · fully-fledged distributor for the German / continental European market

Significant events

• “Against a backdrop of uncertainty over the macro-economic outlook, due to high inflation and the ongoing war in Ukraine, the directors consider that in both the short and medium term, prevailing economic conditions will continue to place pressure on both market pricing and competitor discounting.”
• “The only supply chain impact has been increased customs inspections on imports into the EU, which has resulted in a longer delivery time to customers in mainland Europe.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  -18.3%

  £56,294,000 → £45,997,000

• Cash

  +53.3%

  £2,577,000 → £3,951,000

• Net assets

  -10.9%

  £27,538,000 → £24,531,000

• Employees

  -11.5%

  278 → 246

• Operating profit

  +39.9%

  -£5,006,000 → -£3,007,000

• Profit before tax

  +39.9%

  -£5,006,000 → -£3,007,000

• Wages

  -4%

  £7,342,000 → £7,051,000

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