THE RUG COMPANY LIMITED

• ⚠

  Material uncertainty over going concern

  However, the fact that a successful outcome of the strategic review and covenant waiver / amendment negotiation is not wholly within the control of the directors means that a material uncertainty exists that may cast significant doubt on the ability of the Group and therefore the company to continue as a going concern and, therefore, to continue realising its assets and discharging its liabilities in the normal course of business.

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the fact that a successful outcome of the strategic review and covenant waiver / amendment negotiation is not wholly within the control of the directors means that a material uncertainty exists that may cast significant doubt on the ability of the Group and therefore the company to continue as a going concern and, therefore, to continue realising its assets and discharging its liabilities in the normal course of business.”

Significant events

• “The macro-economic climate was challenging throughout FY24 which resulted in difficult trading conditions. Despite this, the business was able to increase gross margins, growing above 50%. The Group continues to focus on the areas it believes will result in turnover and profitability growth, most notably digital with the business investing in a new re-platform which went live in FY25 and already seeing continued positive results.”

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

2

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

  -5.9%

  £10,157,362 → £9,559,681

• Cash

  +139.9%

  £1,430,930 → £3,432,342

• Net assets

  -23.8%

  £4,414,551 → £3,365,763

• Employees

  +5.5%

  55 → 58

• Operating profit

  -274.8%

  -£347,468 → -£1,302,317

• Profit before tax

  -275.2%

  -£347,468 → -£1,303,801

• Wages

  +4.2%

  £2,961,116 → £3,084,192

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