NEPTUNE (EUROPE) LTD

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

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The retail environment in the UK remains challenging and therefore represents an ongoing risk to the business. However, the business delivered a step change in financial performance during FY25. This, combined with the renewal of funding facilities, places Neptune on a resilient footing. As a result, the Group's projections, after considering reasonable possible changes in performance, show that the Group is able to operate within its financing levels and therefore management deem that the accounts should be made on a going concern basis.”

Significant events

• “FY25 marked a significant step forward for Neptune and its journey towards long-term, sustainable profitability.”
• “Gross margin increased to £44.7m or 61% of revenue representing a 3 percentage point increase vs FY24.”
• “The reduction in promotional sales was offset by new channel opportunities secured in FY25, such as a partnership with John Lewis which launched in Q4 and is set to grow further in FY26.”
• “The business also successfully launched a new CRM platform to allow it to better serve our customers on their buying journeys with Neptune.”
• “Furthermore, the business was able to leverage its deeply integrated supply chain to convert supply chain efficiencies to profit.”
• “In FY25, Neptune successfully renewed its funding facilities with our long term partner HSBC.”

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

Filings

3

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

  -2%

  £60,432,459 → £59,206,765

  lowest in 3 filed years

• Cash

  +491.4%

  £583,823 → £3,452,532

• Net assets

  +54.6%

  -£6,038,959 → -£2,743,546

  highest in 3 filed years

• Employees

  -9.4%

  351 → 318

  lowest in 3 filed years

• Operating profit

  +237.3%

  £1,343,897 → £4,533,423

  highest in 3 filed years

• Profit before tax

  +1,146.4%

  £345,053 → £4,300,671

  highest in 3 filed years

• Wages

  +1%

  £11,853,156 → £11,974,513

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