TX GROUP EUROPE LTD.

1. TX GROUP EUROPE LTD. 2007-01-02 → present
2. U.K. TIME LIMITED 1992-01-16 → 2007-01-02
3. LAKECLEAR LIMITED 1991-07-12 → 1992-01-16

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

TC Group

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons: The Company meets its day to day working capital requirements from its operational cash flows and intercompany trading balances with the group headed by Timex Nederland B.V., the parent company. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months form the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “On January 1, 2023, TXGEL's parent, the Tanager Group B.V., implemented an enterprise-wide business initiative to simplify and improve its business operations. The initiative centralized certain supply chain processes including demand forecasting and planning, production scheduling, inventory management, and profit and loss oversight and management.”
• “During 2023 the Company acquired the rights for distribution of the Daniel Wellington brand for the UK and Ireland.”

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

2

last 12 months

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

• Turnover

  +8%

  £10,634,319 → £11,487,623

• Cash

  -12.3%

  £2,487,604 → £2,181,401

• Net assets

  +13.7%

  £3,373,057 → £3,835,605

• Employees

  -14.3%

  28 → 24

• Operating profit

  +26%

  £384,257 → £484,302

• Profit before tax

  +24%

  £390,793 → £484,672

• Wages

  -18.3%

  £1,641,684 → £1,340,829

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