LIFETIME BRANDS EUROPE LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have prepared the financial statements on the going concern basis. The directors have prepared a forecast for the business to 28 February 2027, that supports the company's ability to generate cash to meet its financial obligations. The company also continues to have access to the group-wide external asset-based revolving credit facility, which matures on 26 August 2027... Therefore, the directors concluded that a material uncertainty exists related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern.

1. LIFETIME BRANDS EUROPE LIMITED 2016-12-09 → present
2. THOMAS PLANT (BIRMINGHAM) LIMITED 1998-01-02 → 2016-12-09
3. MEAUJO (347) LIMITED 1997-07-30 → 1998-01-02

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have prepared the financial statements on the going concern basis. The directors have prepared a forecast for the business to 28 February 2027, that supports the company's ability to generate cash to meet its financial obligations. The company also continues to have access to the group-wide external asset-based revolving credit facility, which matures on 26 August 2027... Therefore, the directors concluded that a material uncertainty exists related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern.”

Group structure

1. LIFETIME BRANDS EUROPE LIMITED · parent
   1. Kitchen Craft (Asia) Limited 1% · Hong Kong · dormant

Significant events

• “Turnover for the year amounted to £34,669,509 (2023: £36,025,383). This is lower than the previous year, in part due to the United Kingdom facing unfavourable economic and market conditions, with high inflation and low consumer confidence due to uncertain geopolitical and economic outlooks.”
• “The company has invested in growing its market share using key brands and product sectors and in its capabilities to interface with customer systems for direct order processing.”
• “Gross margins. The company has worked to improve its margins within certain channels. These efforts were successful in the year which contributed to an improvement in margins.”

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

1

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

  -3.8%

  £36,025,383 → £34,669,509

• Cash

  -67.6%

  £398,983 → £129,234

• Net assets

  +99.4%

  -£22,287,818 → -£139,368

• Employees

  -4.9%

  203 → 193

• Operating profit

  -34.4%

  -£6,086,324 → -£8,182,275

• Profit before tax

  -32.7%

  -£7,282,618 → -£9,667,270

• Wages

  +1.2%

  £7,770,284 → £7,861,071

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