THREADS STYLING LTD

1. THREADS STYLING LTD 2010-09-14 → present
2. THREADS AGENCY LTD 2009-12-02 → 2010-09-14

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

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value. In adopting the going concern basis, the directors considered the business activities and the group's principal risks and uncertainties. The Company's now 100% shareholder, Chalhoub Group, refinanced the Company's debt balances in September 2022 by means of a shareholder loan and provided new investment to support the Company's continued operations and investment in growth. Chalhoub Group have confirmed their continuing support for the Company by providing a letter of support valid for 12 months from the date of signing the financial statements from Chalhoub Group Limited, the immediate parent undertaking, and have provided the directors with information concerning the financial resources of Chalhoub Group Limited. Based on the group's balance sheet, cash reserves, sources of financing, and cash projections covering 12 months to August 2026, the directors expect to have adequate financial resources to continue for a period of at least 12 months from the date of signing the financial statements and as such, continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. THREADS STYLING LTD · parent
   1. Portlus Inc 100% · United States · Luxury fashion
   2. Threads Styling Trading LLC 100% · UAE · Luxury fashion
   3. Threads Styling Unipessoal LDA 100% · Portugal · Technology services
   4. Threads Styling UK Ltd 100% · United Kingdom · Non-trading
   5. Threads Styling Hong Kong Limited 100% · Hong Kong · Non-trading
   6. Threads SAS 100% · France · Non-trading
   7. Threads Styling S.R.L 100% · Italy · Non-trading

Significant events

• “Investment in structure and strategy has continued anew with 100% ownership taken by the Chalhoub group in May 2024.”
• “Significant restructuring activity undertaken during the year to reduce costs and consolidate core activities supported by continued loan financing from Chalhoub group.”
• “Additional initiatives commenced following the appointment of new CEO in November 2024 to accelerate the move to profitability for the Group.”

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

Filings

5

last 12 months

Capital events

3

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

  -28.1%

  £60,060,810 → £43,163,710

• Cash

  -39.4%

  £2,778,889 → £1,684,037

• Net assets

  -55.1%

  -£38,442,765 → -£59,620,842

• Employees

  -18%

  228 → 187

• Operating profit

  +9.8%

  -£15,066,767 → -£13,586,263

• Profit before tax

  -5.2%

  -£20,134,244 → -£21,186,556

• Wages

  -17%

  £12,802,043 → £10,629,415

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