WOLVERINE EUROPE LIMITED

1. WOLVERINE EUROPE LIMITED 2001-11-08 → present
2. 3267TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 2001-09-07 → 2001-11-08

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for a period of 12 months from the date of approval of these financial statements. The directors received confirmation from Wolverine World Wide, Inc. (WWW), which is the ultimate parent and controlling Company of the Group that the Company is part of, that it will provide financial support for a 12 month period from the date of signing of these financial statements.”

Group structure

1. WOLVERINE EUROPE LIMITED · parent
   1. Wolverine Europe Retail Limited 100% · England and Wales · retailing of branded footwear
   2. Wolverine Chile SpA 100% · Chile · retailing of branded footwear
   3. Lady of Leisure Holdings Limited 100% · England and Wales

Significant events

• “Sales for the Company diminished following the higher volume, lower margin, sales of excess stock in the prior year. The return to sales of up-to-date lines is reflected in the higher operating margin and gross profit margin achieved in year compared to 2023. This focus is set to continue into 2025 with an expected growth in sales for the main brands, Merrell and Saucony.”
• “Following the cost cutting measures implemented across the group in 2023 the administrative expenses have seen a significant decrease of 11.45%, driven primarily by a reduction in staff costs.”
• “The decision to expand the UK operations with the acquisition of Lady of Leisure Holdings in 2021 took into consideration the need to streamline the wider group management.”
• “All new company car leases for sales and marketing staff going forward will be Electric Vehicles, with the fleet plan being rolled out across the Company.”

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

  -14.3%

  £64,799,906 → £55,530,018

• Cash

  -67%

  £17,074,969 → £5,640,705

• Net assets

  -7%

  £67,151,693 → £62,471,461

• Employees

  -14.2%

  232 → 199

• Operating profit

  +61.6%

  -£5,268,064 → -£2,024,088

• Profit before tax

  +29.3%

  -£7,096,041 → -£5,017,445

• Wages

  -3.5%

  £15,950,260 → £15,384,607

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