PAUL U.K. LIMITED

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the assessment made of the Company's financial situation and its financial forecast, the director has concluded that there is reasonable expectation that the Company will continue in operational existence for at least twelve months from the date of the signing of the financial statements and thus will continue to adopt the going concern basis of accounting in preparing the financial statements. The director has received confirmation from the parent entity that it will not demand repayment of any intercompany loans until the Company is in a position to repay such loans and will continue to support the Company as needed to help settle its liabilities as they fall due for at least twelve months from the date of signing these financial statements.”

Significant events

• “Company undertook significant works in stores previously identified as requiring a refurbishment”
• “major investments at Holland Park, Marylebone and Brompton Road to bring these important stores up to date”
• “transformed the stores at St Pancras and Tottenham Court Road stores into the second and third Paul Le Cafés”
• “closed the Covent Garden store on 24 December 2024 as result of not being able to secure a sensible negotiation with the landlord to renew the lease”
• “Company signed its second UK franchise partner to open 10 stores over the next 5 years in a territory Southeast of London”
• “Company's first franchise partner successfully opened its first store in Reading, Berkshire”
• “The landlord of the Tower 42 shop has now, in accordance with the terms of the lease, issued a notice to terminate the lease. As a consequence, the shop will close in May 2025.”

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

  -5.2%

  £35,852,021 → £33,974,299

• Cash

  -54.6%

  £1,793,572 → £813,560

• Net assets

  -147.1%

  -£313,871 → -£775,568

• Employees

  -7.7%

  571 → 527

• Operating profit

  +57.8%

  -£803,234 → -£338,765

• Profit before tax

  +51.6%

  -£863,294 → -£418,261

• Wages

  -5%

  £12,242,103 → £11,632,887

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