TESSUTI LTD
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Next accounts due
2026-07-27 (in 2mo)
Last filed for 2024-04-28
Confirmation statement due
2026-11-03 (in 6mo)
Last made up 2025-10-20
Watchouts
Cash
£117K
Latest balance sheet
Net assets
£1M
Equity attributable
Employees
386
Average over period
Profit before tax
-£26M
Period ending 2024-04-28
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-04-28
| Metric | Trend | 2023-04-30 | 2024-04-28 |
|---|---|---|---|
| Turnover | £181,079,000 | £43,412,000 | |
| Operating profit | £13,584,000 | -£25,817,000 | |
| Profit before tax | £13,320,000 | -£26,459,000 | |
| Net profit | £12,982,000 | -£26,752,000 | |
| Cash | £1,961,000 | £117,000 | |
| Total assets less current liabilities | £36,158,000 | £8,507,000 | |
| Net assets | £28,040,000 | £1,288,000 | |
| Equity | £28,040,000 | £1,288,000 | |
| Average employees | 965 | 386 | |
| Wages | £16,806,000 | £8,474,000 |
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 | 2023-04-30 | 2024-04-28 |
|---|---|---|---|
| Operating margin | 7.5% | -59.5% | |
| Net margin | 7.2% | -61.6% | |
| Return on capital employed | 37.6% | -303.5% | |
| Current ratio | 1.55x | 1.52x | |
| Interest cover | 51.45x | -40.21x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Hart Shaw LLP
- Audit opinion
- Disclaimer of opinion
- Going concern
- Affirmed
“At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, as part of assessing this the director has considered the facts outlined below”
Group structure
- TESSUTI LTD · parent
- Choice Limited 100%
- Tessuti (Ireland) Limited 100%
- Choice 33 Limited 100%
- Giulio Fashion Limited 100%
- Giulio Limited 100%
- Giulio Woman Limited 100%
Significant events
- “The Company revenue decreased from £181,079k to £43,412k due to closure of its online retail and closure of 28 stores in the year”
- “As at 30 April 2023 the company had 42 retail stores in operation. During the year to 30 April 2024 the company closed 20 stores and transferred 8 stores to another group company and the physical store will now trade as part of that legal entity”
- “As explained in note 23, following the year end the company has closed a number of the stores and transferred the retail operations of other stores to another group company.”
- “As at 30 April 2024, the company has 14 retail stores in operation. Post year end, the company closed 10 stores”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOORE, Adam Lee | Director | 2024-12-05 | Aug 1986 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATCHELOR, Andrew John | Secretary | 2014-09-24 | 2015-10-01 |
| BRISLEY, Jane Marie | Secretary | 2012-05-18 | 2014-09-24 |
| CASSIDY, Nirma | Secretary | 2022-10-07 | 2023-02-07 |
| LIGHT, David | Secretary | 2007-02-01 | 2010-12-01 |
| LIGHT, Norma Winifred | Secretary | 2006-09-30 | 2007-02-01 |
| LIGHT, Norma Winifred | Secretary | 2005-12-02 | 2006-01-01 |
| MAWDSLEY, Siobhan | Secretary | 2015-10-01 | 2022-09-22 |
| WAINWRIGHT, Andrew | Secretary | 2006-01-01 | 2006-09-30 |
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2005-11-30 | 2005-12-01 |
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2013-01-14 | 2023-02-07 |
| ADEGOKE, Adedotun Ademola | Director | 2023-02-07 | 2024-12-05 |
| ASHCROFT, Michael Thomas James | Director | 2006-01-01 | 2008-11-30 |
| BISHOP, Keith Laurence | Director | 2023-02-07 | 2023-11-06 |
| BOWN, Barry Colin | Director | 2012-05-18 | 2014-05-30 |
| CINQUE, Giulio Angelo | Director | 2020-01-03 | 2023-08-11 |
| COWGILL, Peter Alan | Director | 2012-05-18 | 2022-10-07 |
| DAVIS, Laurence Brian | Director | 2018-08-13 | 2023-05-05 |
| GREENHALGH, Neil James | Director | 2018-11-01 | 2023-02-07 |
| LIGHT, David Arthur | Director | 2012-05-18 | 2021-06-25 |
| LIGHT, Norma Winifred | Director | 2007-02-01 | 2012-05-18 |
| LIGHT, Norma Winifred | Director | 2005-12-02 | 2006-01-01 |
| SCHULTZ, Régis | Director | 2022-10-07 | 2023-02-07 |
| SMALL, Brian Michael | Director | 2012-05-18 | 2018-10-31 |
| WAINWRIGHT, Andrew | Director | 2005-12-02 | 2006-05-19 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2005-11-30 | 2005-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tessuti Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2026-01-14 | AA | accounts | Accounts with accounts type full | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-29 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-07-03 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-07-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-11 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2023-08-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-01 | AD04 | address | Move registers to registered office company with new address | |
| 2023-03-01 | AD04 | address | Move registers to registered office company with new address | |
| 2023-03-01 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2023 → FY2024 · period ending 2024-04-28 vs 2023-04-30