TIFFANY & CO. LIMITED

1. TIFFANY & CO. LIMITED 2008-02-01 → present
2. TIFFANY & CO. (GB) LIMITED 2007-10-30 → 2008-02-01

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of their assessment of the Company's financial position and resources and with the financial support from Tiffany & Co., the directors believe that the Company is well placed to manage its business risks. The directors have considered all current information available about the business and evaluated cashflow forecast for the next 12 months, based on this assessment, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In forming its assessment, the directors also took into consideration that the Company relies on Tiffany and Company for product, which also bears inventory obsolescence risk. The directors have also made enquiries with group management regarding ongoing financial support for the Company from Tiffany & Co. and have received documented commitment of continued support via a letter of support from Tiffany & Co. The letter of support covers 12 months from the approval of the financial statements. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “Post year-end, the Company entered into a new lease and subleased the premises to a third party for one year, making the ad hoc contributions on behalf of the LVMH Group. The Company fully recharged these contributions to the LVMH Group and the arrangement has no net financial impact to the Company.”

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

1

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

  -6.3%

  £163,208,894 → £152,856,200

• Cash

  +10.8%

  £4,649 → £5,150

• Net assets

  +5.8%

  £112,784,883 → £119,358,098

• Employees

  +4.7%

  299 → 313

• Operating profit

  -12.1%

  £10,715,214 → £9,415,608

• Profit before tax

  -10.5%

  £11,287,353 → £10,100,739

• Wages

  -0.1%

  £13,666,524 → £13,654,030

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