TOPGRADE SPORTSWEAR LIMITED
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Next accounts due
2027-01-29 (in 8mo)
Last filed for 2025-04-27
Confirmation statement due
2027-01-01 (in 8mo)
Last made up 2025-12-18
Watchouts
Cash
£6M
+271.9% vs 2024
Net assets
£1M
+443.5% vs 2024
Employees
94
+4.4% vs 2024
Profit before tax
£2M
+1,080.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-04-27
| Metric | Trend | 2024-04-30 | 2025-04-27 |
|---|---|---|---|
| Turnover | £39,732,000 | £78,039,000 | |
| Operating profit | -£186,000 | £1,734,000 | |
| Profit before tax | -£178,000 | £1,745,000 | |
| Net profit | -£178,000 | £1,304,000 | |
| Cash | £1,546,000 | £5,749,000 | |
| Total assets less current liabilities | -£294,000 | £1,010,000 | |
| Net assets | -£294,000 | £1,010,000 | |
| Equity | -£294,000 | £1,010,000 | |
| Average employees | 90 | 94 | |
| Wages | £2,565,000 | £3,020,000 |
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 | 2024-04-30 | 2025-04-27 |
|---|---|---|---|
| Operating margin | -0.5% | 2.2% | |
| Net margin | -0.4% | 1.7% | |
| Return on capital employed | 63.3% | 171.7% | |
| Gearing (liabilities / total assets) | 101.6% | 96.0% | |
| Current ratio | 0.96x | 1.03x |
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
- Hart Shaw LLP
- Audit opinion
- Qualified
- Going concern
- Affirmed
“After making enquiries, the Directors have a reasonable expectation that the Company, with support from the group, has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”
Significant events
- “In July 2025, the Group entered into a new combined term loan and revolving credit facility, available until July 2028. The facility provides up to £3 billion, with an option to extend for a further two years. It also includes an accordion feature allowing the limit to be increased by up to £0.5 billion at the lenders' discretion.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DICK, Alastair Peter Orford | Director | 2023-03-02 | Jun 1983 | British |
| MOORE, Adam Lee | Director | 2024-12-05 | Aug 1986 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATCHELOR, Andrew John | Secretary | 2014-09-24 | 2015-10-01 |
| BREWER, Suzanne | Nominee Secretary | 1995-12-18 | 1995-12-18 |
| BRISLEY, Jane Marie | Secretary | 2009-11-12 | 2014-09-24 |
| CASSIDY, Nirma | Secretary | 2022-10-07 | 2023-03-02 |
| MAWDSLEY, Siobhan | Secretary | 2015-10-01 | 2022-09-22 |
| SIMPSON, Paul Raymond | Secretary | 1995-12-18 | 2009-11-12 |
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2010-07-01 | 2023-03-02 |
| ADEGOKE, Adedotun Ademola | Director | 2023-03-02 | 2024-12-05 |
| BISHOP, Keith Laurence | Director | 2023-03-02 | 2023-11-06 |
| BOWN, Barry Colin | Director | 2007-11-07 | 2014-05-30 |
| BREWER, Kevin, Dr | Nominee Director | 1995-12-18 | 1995-12-18 |
| COWGILL, Peter Alan | Director | 2007-11-07 | 2022-10-07 |
| GREENHALGH, Neil James | Director | 2018-11-01 | 2023-03-02 |
| SCHULTZ, Régis | Director | 2022-10-07 | 2023-03-02 |
| SIMPSON, Amanda Jayne | Director | 1998-01-01 | 2007-10-29 |
| SIMPSON, Diane Hilda | Director | 1998-01-01 | 2007-10-29 |
| SIMPSON, Ian Stuart | Director | 1995-12-18 | 2023-03-02 |
| SIMPSON, Paul Raymond | Director | 1995-12-18 | 2023-03-02 |
| SMALL, Brian Michael | Director | 2013-07-09 | 2018-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Topgrade Sportswear Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 141 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-09-04 RESOLUTIONS Resolution
- 2023-09-04 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-10 | AA | accounts | Accounts with accounts type full | |
| 2025-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-13 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-12-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-08 | AA | accounts | Accounts with accounts type full | |
| 2023-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-04 | MA | incorporation | Memorandum articles | |
| 2023-07-24 | AD04 | address | Move registers to registered office company with new address | |
| 2023-05-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-03 | TM02 | officers | Termination secretary company with name termination date |
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
FY2024 → FY2025 · period ending 2025-04-27 vs 2024-04-30
-
Turnover
+96.4%
£39,732,000 £78,039,000
-
Cash
+271.9%
£1,546,000 £5,749,000
-
Net assets
+443.5%
-£294,000 £1,010,000
-
Employees
+4.4%
90 94
-
Operating profit
+1,032.3%
-£186,000 £1,734,000
-
Profit before tax
+1,080.3%
-£178,000 £1,745,000
-
Wages
+17.7%
£2,565,000 £3,020,000
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