TIMOTHY OULTON UNITED KINGDOM LIMITED

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

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Thorne Lancaster Parker

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group made a loss in the year of £1,477,779, has net liabilities of £8,750,269 and net current liabilities of £9,046,882 which £9,774,204 is owed to related parties as described in the note below. The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared projected cash flow information up to 31 December 2026, being the end of the next financial year and more than twelve months from the date of their approval of these financial statements. These projections reflect their latest view of the retail market and the speed of its recovery, taking into account the company's trading and other macro-economic factors. Those forecasts are dependent on the Group's immediate parent, Timothy Oulton International Franchise Limited, not seeking repayment of the amounts currently due from the Group. As at 31 December 2024 this amounted to £9,739,204. Another related party, Halo BVI (II) Limited, also provided financial support during that period. Both Timothy Oulton International Franchise Limited and Halo BVI (II) Limited have indicated their intention to make available such funds as might be needed by the Group for the period covered by the forecasts, as the Group fits into the strategy of future growth. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the Group will have sufficient funds to continue to meet its liabilities as they fall due from the date of approval of the financial statements through to at least twelve months from the date of their approval of these financial statements and therefore have prepared the financial statements on a going concern basis. We draw attention to the disclosures in the strategic report and note 2 to the financial statements in relation to going concern which describes how the company is in both a net current liability and net liability position and is reliant on the support of it's parent and fellow subsidiaries. Our opinion is not modified in this respect.”

Group structure

1. TIMOTHY OULTON UNITED KINGDOM LIMITED · parent
   1. Peter Dudgeon Limited 100% · UK · Retail

Significant events

• “Non-core activities ceased in January 2024 following the parent company's completion of a transaction with a third party to sell its entire equity interest in its subsidiary, Halo HM UK Limited (a hotel management company).”
• “On 17 March 2025, the parent company disposed of its entire equity interest of its subsidiary, Peter Dudgeon Limited to its immediate parent undertaking, Timothy Oulton International Franchise Limited. The consideration for the disposal was £999,915.”
• “On 23 May 2025, the parent company acquired an 100% equity interest in Timothy Oulton Retail USA Corporation (TOR), a company incorporated in the USA, from a group undertaking, Halo Europe B.V. as part of a wider group reorganisation. TOR operates Timothy Oulton branded retail galleries in the USA. The consideration for the transfer was US$ 1.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -37.5%

  £13,203,721 → £8,250,229

• Cash

  -0.9%

  £378,285 → £374,821

• Net assets

  -20.3%

  -£7,272,490 → -£8,750,269

• Employees

  -60.2%

  118 → 47

• Operating profit

  +51%

  -£2,459,219 → -£1,204,286

• Profit before tax

  -260.6%

  £919,903 → -£1,477,779

• Wages

  -44.6%

  £4,484,102 → £2,484,554

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