BESTWAY RETAIL LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

1. BESTWAY RETAIL LIMITED 2018-04-11 → present
2. BESTWAY DIRECT LIMITED 2000-12-06 → 2018-04-11
3. SPEED 8500 LIMITED 2000-11-07 → 2000-12-06

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“the Directors are confident that the Company has access to sufficient financial resources, including intercompany loans from the wider Bestway Group, to meet its liabilities as they fall due and to continue in operational existence for the foreseeable future. The Directors believe that preparing the financial statements on the going concern basis is appropriate despite it being in a net liability position due to the continued financial support from Bestway Wholesale Limited (the Company's immediate parent company).”

Group structure

1. BESTWAY RETAIL LIMITED · parent
   1. Ardiles Bidco Limited 100% · UK
   2. KMD Enterprises Limited 100% · UK
   3. Xcel Retail Limited 100% · UK

Significant events

• “In FY25, the Company successfully completed a Company Voluntary Arrangement ("CVA") to restructure its future lease commitments related to loss making and closed stores.”
• “Following the Company Voluntary Arrangement ("CVA") Creditors' Meeting held on 17 January 2025, management performed detailed cash flow forecasting and a review of the headroom against banking covenants considering the impact of the CVA.”
• “The Company revalued the intercompany loan balance with its parent, reducing the loan's payable carrying value by c 4.6m. The corresponding entry is recognised directly in equity.”

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

Filings

4

last 12 months

Capital events

0

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

  -13.2%

  £130,959,000 → £113,705,000

• Cash

  -48.6%

  £2,775,000 → £1,426,000

• Net assets

  +5.2%

  -£25,064,000 → -£23,760,000

• Employees

  -16.1%

  1,058 → 888

• Operating profit

  -294.2%

  -£556,000 → -£2,192,000

• Profit before tax

  -81.3%

  -£2,411,000 → -£4,370,000

• Wages

  -2.7%

  £13,164,000 → £12,808,000

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