AIRWAIR INTERNATIONAL LIMITED

1. AIRWAIR INTERNATIONAL LIMITED 2003-04-01 → present
2. AIRWAIR EUROPE LIMITED 2001-04-02 → 2003-04-01
3. AIRWAIR UK LIMITED 1995-03-15 → 2001-04-02
4. MEAUJO (261) LIMITED 1995-01-13 → 1995-03-15

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is reliant on the continued financial support of other Group companies. The directors of the Company's ultimate holding company in the UK, Dr. Martens plc, have confirmed that the future liabilities of Dr Martens Airwair International Limited will be met as they fall due by Dr. Martens plc through a letter of support. The financial statements have been prepared on a going concern basis. The Directors' assessment is based on the Group's detailed trading and cash flow forecasts, including forecast liquidity and covenant compliance. The going concern assessment covers at least the 12-month period from the date of signing the financial statements, and the going concern basis is dependent on the Group maintaining adequate levels of resources to operate during the period. To support this assessment detailed trading and cash flow forecasts were prepared for the period to 27 September 2026.”

Group structure

1. AIRWAIR INTERNATIONAL LIMITED · parent
   1. Dr Martens Airwair Wholesale Limited 100% · England and Wales · Footwear retail and distribution

Significant events

• “Revenue fell by 18% from £414.6m to £339.4m driven by a 39% decline in wholesale sales, mainly to other Companies within the Group.”
• “Gross margin % for the period was 37.9% (2024: 34.3%). The gross margin % has increased year on year due to the DTC mix % increasing to 50.9% (2024: 45.8%).”
• “For FY25, the principal risk 'Social and environmental' has been amended to 'Social, environmental and climate'.”
• “During the period the Board of Directors proposed and paid a dividend of £68.0m (2024: £229.7m).”
• “On 16 January 2023 the Company made an investment of £1.0m in the share capital of Generation Phoenix Ltd (GP), a company that specialises in producing a sustainable alternative to leather and produces a recycled leather product using part-processed offcuts.”

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

  -18.2%

  £414,600,000 → £339,300,000

• Cash

  +55%

  £81,200,000 → £125,900,000

• Net assets

  -17%

  £285,500,000 → £236,900,000

• Employees

  -4.3%

  1,394 → 1,334

• Profit before tax

  -69.9%

  £88,300,000 → £26,600,000

• Wages

  +7.1%

  £56,700,000 → £60,700,000

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