SUPERDRY LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements continue to be prepared on the going concern basis. This conclusion is based on the Group's current forecasts, sensitivities and mitigating actions available. With the continued challenges in the macro environment, coupled with the headroom on the ABL facility and covenants, the Directors note that until key mitigations can be actioned with certainty, there exists a material uncertainty related to Going Concern (please refer to note 1b to these accounts on pages 32 to 33).

1. SUPERDRY LIMITED 2025-08-11 → present
2. SUPERDRY PLC 2018-01-08 → 2025-08-11
3. SUPERGROUP PLC 2010-03-08 → 2018-01-08
4. SUPERGROUP LIMITED 2010-01-11 → 2010-03-08
5. SUPERGROUP PUBLIC LIMITED COMPANY 2010-01-11 → 2010-01-11
6. DKH CLOTHING PLC 2009-11-02 → 2010-01-11

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

UK-adopted International Accounting Standards

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements continue to be prepared on the going concern basis. This conclusion is based on the Group's current forecasts, sensitivities and mitigating actions available. With the continued challenges in the macro environment, coupled with the headroom on the ABL facility and covenants, the Directors note that until key mitigations can be actioned with certainty, there exists a material uncertainty related to Going Concern (please refer to note 1b to these accounts on pages 32 to 33).”

Group structure

1. SUPERDRY LIMITED · parent
   1. C-Retail Limited 100% · UK · Clothing retailer in UK
   2. DKH Retail Limited 100% · UK · Worldwide wholesale distribution
   3. SuperGroup Internet Limited 100% · UK · Clothing retailer via the Internet
   4. Superdry EUR Finance Ltd 100% · UK · Provides finance to the European entities
   5. SuperGroup Concessions Limited 100% · UK · Dormant
   6. SuperGroup Belgium NV 100% · Belgium · Holds the investment in SuperGroup Netherlands BV
   7. SuperGroup Belgium Finance NV 100% · Belgium · Provides finance to the European entities
   8. SuperGroup Europe BVBA 100% · Belgium · Clothing retailer in Belgium
   9. Superdry France SARL 100% · France · Clothing retailer in France
   10. Superdry Germany GmbH 100% · Germany · Clothing retailer in Germany
   11. SuperGroup India Private Limited 100% · India · Manages supplier relationships in India
   12. SuperGroup Netherlands BV 100% · Netherlands · Holds the investment in SuperGroup Europe BVBA
   13. SuperGroup Netherlands Retail BV 100% · Netherlands · Clothing retailer in the Netherlands
   14. SuperGroup Retail Spain S.L.U. 100% · Spain · Clothing retailer in Spain
   15. SuperGroup Retail Ireland Limited 100% · ROI · Clothing retailer in the Republic of Ireland
   16. SuperGroup Mumessillik Hizmet ve Ticaret Limited Sirketi 100% · Turkey · Manages supplier relationships in Turkey
   17. Superdry Hong Kong Limited 100% · Hong Kong · Manages supplier relationships in China
   18. Superdry Sweden AB 100% · Sweden · Clothing retailer in Sweden
   19. Superdry Norway A/S 100% · Norway · Norway wholesale agent
   20. Superdry Retail Denmark A/S 100% · Denmark · Clothing retailer in Denmark
   21. Superdry Retail LLC 100% · USA · Clothing retailer in USA
   22. Superdry Wholesale LLC 100% · USA · USA wholesale distribution
   23. SuperGroup USA Inc 100% · USA · Holds investment in USA

Significant events

• “The Company delisted from the London Stock Exchange on 15th July 2024 with the last day of trading being 12th July 2024.”
• “On 4th August 2025, shareholders at the general meeting approved the Company re-registering as a private company limited by shares. This was registered with Companies House on 11th August 2025 as Superdry Limited (previously Superdry PLC).”
• “On 16 April 2024 Superdry plc (now Superdry Limited) announced that its UK subsidiary C-Retail Limited was launching a Restructuring Plan. The Restructuring Plan ('RP') is a key element of the Group's turnaround plan...”
• “In September 2025 a further equity injection of £4.3m was put into the business.”

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

Filings

13

last 12 months

Capital events

4

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

  -23.3%

  £488,600,000 → £374,600,000

• Cash

  -35%

  £32,300,000 → £21,000,000

• Net assets

  +55.5%

  -£93,700,000 → -£41,700,000

• Employees

  -26.7%

  2,263 → 1,658

• Operating profit

  +245.8%

  -£46,500,000 → £67,800,000

• Profit before tax

  +178.2%

  -£65,200,000 → £51,000,000

• Wages

  -23.4%

  £74,500,000 → £57,100,000

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