AUTUMNPAPER LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis, notwithstanding the net current liability position on the Company's statement of financial position, which the directors believe to be appropriate for the following reasons. The Company will have sufficient funds, through its group cash pooling arrangement with its UK sister company, Kering UK Services Limited, to continue operations and to meet its liabilities as they fall due. Furthermore, the Company has obtained a letter of support from Kering S.A. which provides support to the Company, such that the Company is able to operate as a going concern and to settle its liabilities as they fall due. This includes not seeking repayments of amounts advanced to the Company by Kering S.A. unless adequate alternative financing has been secured by the Company and advancing further amounts to the Company as required by the Company. This support has been provided for a minimum period of 12 months from the date of signing of the financial statements.”

Group structure

1. AUTUMNPAPER LIMITED · parent
   1. Alexander McQueen Trading Canada, Inc 100% · Canada · Retail outlets
   2. Alexander McQueen New Zealand Limited 100% · New Zealand · Retail outlets
   3. Alexander McQueen (Hong Kong) Limited 100% · Hong Kong · Retail outlets
   4. Alexander McQueen (Macau) Limited 96% · Macau · Retail outlets
   5. Autumnpaper Malaysia SDN. BHD 100% · Malaysia · Retail outlets
   6. Alexander McQueen (Shanghai) Trading Limited 100% · China · Retail outlets
   7. Alexander McQueen Singapore Pte. Limited 100% · Singapore · Retail outlets
   8. Alexander McQueen Korea Limited 100% · South Korea · Retail outlets
   9. Alexander McQueen (Thailand) Limited 99.9% · Thailand · Retail outlets
   10. Alexander McQueen Australia PTY LTD 100% · Australia · Retail outlets
   11. AP Luxury Goods Middle East L.L.C 49% · UAE · Retail outlets
   12. Alexander McQueen Online Italia S.R.L 100% · Italy · Online outlets

Significant events

• “2024 was a transitional year for Autumnpaper Limited, following the new creative direction deployed at the end of 2023. In 2024, the Company has seen an overall decline in sales compared to the prior year, as detailed below. This is largely due to a reduction in group sales as a result of prevailing economic conditions, thereby reducing customers propensity to spend on luxury products.”
• “In October 2023, the creative direction of the business changed with the appointment of Seán McGirr, who presented his first show for Autumn Winter 2024 in Paris. During 2024, the brand focused on further penetration in key product categories within women's and men's ready-to-wear, as well as leather goods. The brand also made strategic decisions to rationalise its store network to enhance operational efficiency and drive sustainable growth.”
• “However, during 2024, ATP implemented a significant change to its selling and distribution model. ATP now sells directly to worldwide McQueen retailers and approved third-party wholesalers, with inventory shipped straight from the manufacturer to the customer.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

4

last 24 months

Officers appointed

0

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

  -52.6%

  £313,760,816 → £148,640,369

• Cash

  +631.7%

  £3,017,274 → £22,078,269

• Net assets

  -880%

  -£17,670,440 → -£173,162,594

• Employees

  -10.5%

  294 → 263

• Operating profit

  -41.7%

  -£145,851,116 → -£206,674,439

• Profit before tax

  -50.1%

  -£137,767,478 → -£206,721,362

• Wages

  +1.6%

  £26,668,350 → £27,100,209

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