STYLES & BROWN LTD

• ⚠

  Annual accounts overdue

  Due 2026-04-30.

• ⚠

  Material uncertainty over going concern

  The trading conditions, the ongoing review of refinancing, and on what terms, and the availability of shareholder support as required, together represent a material uncertainty in respect of going concern, as discussed further in the going concern accounting policy on p.22.

1. STYLES & BROWN LTD 2002-08-20 → present
2. AXMINSTER POWER TOOL CENTRE LIMITED 1998-02-10 → 2002-08-20

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

Consolidated group

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The trading conditions, the ongoing review of refinancing, and on what terms, and the availability of shareholder support as required, together represent a material uncertainty in respect of going concern, as discussed further in the going concern accounting policy on p.22.”

Group structure

1. STYLES & BROWN LTD · parent
   1. Axminster Tool Centre Limited 100% · England & Wales
   2. Styles & Brown Property Holdings Limited 100% · England & Wales

Significant events

• “The 12 months of FY 2023/24 saw a further deterioration in sales and profit from the previous year's loss-making position. The numbers of staff employed by the business fell from 223 (on a full-time basis) at the start of the year to 193 at year end and to 159 by April 2025. Restructuring costs have been disclosed as Exceptional within the Profit and Loss Account. Supply chain from our key Far Eastern suppliers became stretched as a result of cargo ships being diverted away from the Red Sea & the Suez canal.”

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

  -12.4%

  £44,642,488 → £39,087,310

• Cash

  -86.6%

  £16,907 → £2,260

• Net assets

  -35.8%

  £5,252,600 → £3,373,908

• Employees

  -16.9%

  255 → 212

• Operating profit

  -19.8%

  -£1,704,977 → -£2,042,645

• Profit before tax

  -25.2%

  -£1,810,684 → -£2,267,351

• Wages

  -14.4%

  £7,340,627 → £6,286,370

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