FABERGE (UK) LIMITED

• ⚠

  Material uncertainty over going concern

  Given the material uncertainty at the GGL level, described above, there is a material uncertainty in respect of going concern for the Company, whilst it remains a subsidiary of GGL, due to the Company's reliance on parental support. Additionally, the announcement made on 8 August by GGL that it had signed an agreement for the sale of Fabergé Limited (that includes the Company), to SMG Capital LLC, presents a material uncertainty over the future operations of the Company.

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. FABERGE (UK) LIMITED 2015-06-30 → present
2. FABERGE SERVICES LIMITED 2007-05-03 → 2015-06-30

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Given the material uncertainty at the GGL level, described above, there is a material uncertainty in respect of going concern for the Company, whilst it remains a subsidiary of GGL, due to the Company's reliance on parental support. Additionally, the announcement made on 8 August by GGL that it had signed an agreement for the sale of Fabergé Limited (that includes the Company), to SMG Capital LLC, presents a material uncertainty over the future operations of the Company.”

Group structure

1. FABERGE (UK) LIMITED · parent
   1. F1842 Fine Jewellery Trading LLC 100% · United Arab Emirates · Retail activity and promotion of the Fabergé collection of jewellery and watches

Significant events

• “On 8 August 2025, Gemfields Group Limited announced that had signed an agreement to sell its entire interest in wholly owned Fabergé Limited (that includes the Company), to SMG Capital LLC (the "Buyer"), for a total consideration of US$50.0 million.”
• “Subsequent to year end, on 5 August 2025, Gemfields Limited entered into an intra-group debt waiver agreement with Faberge (UK) Limited through which the total debt under the working capital loan agreement of US$89,149,560 was released, bringing the total loan outstanding at this date to nil.”
• “In 2024 the business has expanded its global retail footprint, with multi-brand retail openings in the US, Europe, the Middle East and South-East Asia. This included the opening in November 2024 of own-operated boutique in the Piccadilly Arcade in London.”

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

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

6

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -16.9%

  £15,950,627 → £13,250,122

• Cash

  -63%

  £1,293,683 → £478,642

• Net assets

  -14.1%

  -£51,134,644 → -£58,320,548

• Employees

  —

  Not reported

• Operating profit

  +35.5%

  -£2,551,739 → -£1,645,222

• Profit before tax

  -328.1%

  £1,293,822 → -£2,951,492

• Wages

  +0.8%

  £1,930,104 → £1,944,845

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