FRANK SMYTHSON LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-30
Confirmation statement due
2026-07-22 (in 2mo)
Last made up 2025-07-08
Watchouts
Cash
£917K
+158.3% vs 2024
Net assets
-£16M
-0.5% vs 2024
Employees
148
-13.5% lowest in 6 filed years
Profit before tax
-£1M
+84.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- FRANK SMYTHSON LIMITED 1998-12-02 → present
- MULTISTYLE LIMITED 1998-07-08 → 1998-12-02
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-03-30
| Metric | Trend | 2020-03-29 | 2021-03-28 | 2022-03-27 | 2023-04-02 | 2024-03-31 | 2025-03-30 |
|---|---|---|---|---|---|---|---|
| Turnover | £27,601,000 | £16,855,000 | — | — | £27,260,000 | £23,293,000 | |
| Operating profit | -£6,260,000 | £2,127,000 | — | — | -£5,917,000 | -£283,000 | |
| Profit before tax | -£6,451,000 | £1,907,000 | -£8,497,000 | -£7,333,000 | -£6,632,000 | -£1,037,000 | |
| Net profit | -£6,451,000 | £1,907,000 | -£8,497,000 | -£7,333,000 | -£6,632,000 | -£1,037,000 | |
| Cash | £2,478,000 | £2,353,000 | £1,056,000 | £158,000 | £355,000 | £917,000 | |
| Total assets less current liabilities | — | — | — | £3,655,000 | -£1,571,000 | -£487,000 | |
| Net assets | — | — | — | -£9,865,000 | -£15,621,000 | -£15,698,000 | |
| Equity | £2,890,000 | £4,992,000 | — | -£9,865,000 | -£15,621,000 | -£15,698,000 | |
| Average employees | 228 | 197 | 175 | 169 | 171 | 148 | |
| Wages | £7,204,000 | £6,180,000 | £5,957,000 | £6,217,000 | £7,034,000 | £6,610,000 |
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 | 2020-03-29 | 2021-03-28 | 2022-03-27 | 2023-04-02 | 2024-03-31 | 2025-03-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | -22.7% | 12.6% | — | — | -21.7% | -1.2% | |
| Net margin | -23.4% | 11.3% | — | — | -24.3% | -4.5% | |
| Return on capital employed | — | — | — | — | 376.6% | 58.1% | |
| Current ratio | — | — | — | — | 0.69x | 0.76x | |
| Interest cover | -32.77x | 9.67x | — | — | -8.25x | -0.38x |
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
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of the forecasts modelled and commitment from the Group's ultimate parent company, the directors have a reasonable expectation that the Group will continue in operational existence throughout the going concern period and have therefore applied the going concern basis of accounting in preparing the annual report and financial statements.”
Group structure
- FRANK SMYTHSON LIMITED · parent
- Frank Smythson Hong Kong Limited 100%
- Frank Smythson of Bond Street USA Inc. 100%
- Frank Smythson SARL 100%
Significant events
- “The closure of our New Bond Street flagship store in late FY24 has resulted in a significantly improved income statement.”
- “During 2025 the group was acquired by Oakley Capital.”
- “In April 2024, the company surrendered the lease on its flagship London store and earned a premium of £4,513,357.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAIOTTO, Isabella | Secretary | 2022-02-28 | — | — |
| CASTELLANO ORTEGA, Vicente | Director | 2025-07-29 | Mar 1971 | Spanish |
| PORTA, Paolo | Director | 2023-05-06 | Jul 1978 | Italian,British |
| TUTT, Simon Paul | Director | 2025-07-29 | Aug 1972 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ESIRI, Mark Leslie Vivian | Secretary | 2005-04-30 | 2007-10-26 |
| GUERARD, Annie Marie Reine | Secretary | 2009-03-25 | 2011-02-16 |
| PATEL, Sanjay | Secretary | 2007-10-26 | 2009-03-25 |
| ROBERTS, Paul | Secretary | 1998-07-17 | 2000-01-20 |
| CHALFEN SECRETARIES LIMITED | Corporate Nominee Secretary | 1998-07-08 | 1998-07-17 |
| MH SECRETARIES LIMITED | Corporate Secretary | 2000-01-20 | 2005-04-30 |
| BAHBOUT, Jacqueline Louise, Sara | Director | 2021-06-16 | 2025-07-29 |
| BAHBOUT, Jacques . | Director | 2009-12-16 | 2025-07-29 |
| COLEGRAVE, Zoe Jane Elizabeth | Director | 2021-06-16 | 2024-01-31 |
| CORK, Raymond Michael | Director | 1998-11-30 | 2005-04-30 |
| DALEY, Mark David | Director | 2015-07-27 | 2016-05-16 |
| ELTON, Sarah Elizabeth | Director | 1998-07-17 | 2005-04-30 |
| ESIRI, Mark Leslie Vivian | Director | 2005-04-30 | 2009-12-16 |
| GIACOMELLI, Stefano | Director | 2020-09-15 | 2025-07-29 |
| GIACOMELLI, Stefano | Director | 2018-11-05 | 2020-04-16 |
| GOIDADIN, Luc Matthew | Director | 2018-11-05 | 2024-12-19 |
| HART, Jonathan | Director | 2023-05-06 | 2024-12-16 |
| JANOWSKI, Andrew Girard | Director | 2010-09-20 | 2013-12-24 |
| KEARSEY, Sion Paul | Director | 2005-04-30 | 2009-12-16 |
| MACRORY, Armando Patrick Marino | Director | 2023-05-06 | 2025-07-29 |
| MALLEVAYS, Pierre Maurice Gilbert | Director | 2023-05-06 | 2024-12-16 |
| ROBINSON, Yvonne Carol | Director | 2009-12-16 | 2025-07-29 |
| ROUGEAUX, Xavier | Director | 2018-11-05 | 2021-01-22 |
| WARD, Jason Antony John | Director | 2015-11-18 | 2020-04-22 |
| CHALFEN NOMINEES LIMITED | Corporate Nominee Director | 1998-07-08 | 1998-07-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Holdsmyth Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 170 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | CH01 | officers | Change person director company with change date | |
| 2025-12-24 | AA | accounts | Accounts with accounts type full | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-25 | ANNOTATION | miscellaneous | Legacy | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-25 | AD02 | address | Change sail address company with old address new address | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2025-03-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | AA | accounts | Accounts with accounts type full | |
| 2024-02-06 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 5
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 2025-03-30 vs 2024-03-31
-
Turnover
-14.6%
£27,260,000 £23,293,000
-
Cash
+158.3%
£355,000 £917,000
-
Net assets
-0.5%
-£15,621,000 -£15,698,000
-
Employees
-13.5%
171 148
lowest in 6 filed years
-
Operating profit
+95.2%
-£5,917,000 -£283,000
-
Profit before tax
+84.4%
-£6,632,000 -£1,037,000
-
Wages
-6%
£7,034,000 £6,610,000
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