QVC UK
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Confirmation statement due
2027-03-28 (in 10mo)
Last made up 2026-03-14
Watchouts
None on the register
Cash
£14M
+358.3% vs 2023
Net assets
£138M
-35.9% vs 2023
Employees
1,728
-2.5% vs 2023
Profit before tax
£33M
-62.6% vs 2023
Name history
Renamed 2 times since incorporation
- QVC UK 2015-05-21 → present
- QVC 1993-07-01 → 2015-05-21
- PRECIS (1193) LIMITED 1993-04-06 → 1993-07-01
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £477,613,000 | £493,401,000 | |
| Operating profit | £81,292,000 | £28,359,000 | |
| Profit before tax | £88,508,000 | £33,112,000 | |
| Net profit | £89,331,000 | £25,469,000 | |
| Cash | £3,098,000 | £14,197,000 | |
| Total assets less current liabilities | £227,343,000 | £151,765,000 | |
| Net assets | £215,884,000 | £138,470,000 | |
| Equity | £215,884,000 | £138,470,000 | |
| Average employees | 1,772 | 1,728 | |
| Wages | £65,672,000 | £65,736,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 17.0% | 5.7% | |
| Net margin | 18.7% | 5.2% | |
| Return on capital employed | 35.8% | 18.7% | |
| Current ratio | 3.37x | 2.62x | |
| Interest cover | 40646.00x | 98.13x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. During the year ended 31 December 2024 the company made a profit after tax of £25.5m, and as at the balance sheet date had net assets of £138.5m. The directors have concluded that the Company has adequate resources to meet all liabilities as and when they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the Company continues to adopt the going concern basis of accounting.”
Group structure
- QVC UK · parent
- QVC Iberia 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNNE, Michael John | Director | 2022-08-02 | Dec 1970 | Irish |
| FADER, Koreen Rose | Director | 2021-06-29 | Jan 1977 | American |
| O'MEARA, Aidan James | Director | 2019-02-07 | Dec 1962 | Irish |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOYD, Dermot Robert James | Secretary | 2000-07-12 | 2016-12-09 |
| BROOKE, Richard James | Secretary | 1993-09-10 | 1995-02-01 |
| GRABELL, Neal Stuart | Secretary | 1993-10-11 | 2009-01-06 |
| GUMP, William Howard | Secretary | 1995-02-01 | 1998-06-25 |
| HAYES, Lawrence Ronald | Secretary | 2009-03-16 | 2022-08-01 |
| OFFICE ORGANIZATION & SERVICES LIMITED | Corporate Secretary | 1993-04-06 | 1993-09-10 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1993-04-06 | 1993-04-06 |
| ACKERMAN, James Jay | Director | 1996-06-06 | 1998-12-04 |
| BOYD, Dermot Robert James | Director | 2010-01-01 | 2016-12-09 |
| BOYD, Michael | Director | 1993-10-11 | 1994-02-25 |
| BRIGGS, Douglas Steven | Director | 1994-02-25 | 2006-04-07 |
| CHISHOLM, Samuel Hewlings | Director | 1993-09-10 | 1995-02-01 |
| CLOUGH, Adrian John | Director | 1993-04-06 | 1993-06-11 |
| COOPER, Nicholas Ian | Nominee Director | 1993-06-11 | 1993-09-10 |
| COSTELLO, William Francis | Director | 2002-02-28 | 2007-03-31 |
| DAVEY, Gary | Director | 1993-09-10 | 1994-03-16 |
| DILLER, Barry | Director | 1993-10-11 | 1994-02-25 |
| EDWARDS, Francis | Director | 1995-05-10 | 2004-07-31 |
| FREY, David Joseph | Director | 2007-05-18 | 2009-10-31 |
| GEORGE, Michael Andrew | Director | 2006-04-07 | 2016-05-05 |
| GERSEN, Rowland Clegg | Director | 1995-02-01 | 2002-02-28 |
| GRABELL, Neal Stuart | Director | 1993-10-11 | 2009-01-06 |
| HAYES, Lawrence Ronald | Director | 2009-03-16 | 2022-08-01 |
| HOFMANN, Steven Michael | Director | 2012-12-13 | 2018-10-19 |
| IMI, Matthew Anthony | Director | 1999-05-20 | 2004-03-01 |
| KHALAT BARI, Popli | Director | 1993-09-27 | 1995-02-01 |
| KINSELLA, Kevin William | Director | 1996-06-06 | 1996-06-06 |
| KINSELLA, Kevin William | Director | 1996-03-14 | 1996-06-06 |
| LONG, Tracy Elisabeth | Director | 1998-12-04 | 1999-05-20 |
| MACKENZIE, Christopher Kenneth | Director | 1993-09-10 | 1996-03-14 |
| MULLER, Robert William | Director | 2016-12-09 | 2021-06-27 |
| NEAL, Leon | Nominee Director | 1993-04-06 | 1993-09-10 |
| SCHERECK, William John | Director | 1995-02-25 | 1995-05-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Qvc Britain | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 161 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-10 | AA | accounts | Accounts with accounts type full | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | AA | accounts | Accounts with accounts type full | |
| 2024-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-29 | AA | accounts | Accounts with accounts type full | |
| 2023-05-26 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-08-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-01 | AA | accounts | Accounts with accounts type full | |
| 2022-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2021-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-19 | AA | accounts | Accounts with accounts type full | |
| 2021-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+3.3%
£477,613,000 £493,401,000
-
Cash
+358.3%
£3,098,000 £14,197,000
-
Net assets
-35.9%
£215,884,000 £138,470,000
-
Employees
-2.5%
1,772 1,728
-
Operating profit
-65.1%
£81,292,000 £28,359,000
-
Profit before tax
-62.6%
£88,508,000 £33,112,000
-
Wages
+0.1%
£65,672,000 £65,736,000
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