AA BRAND MANAGEMENT LIMITED

1. AA BRAND MANAGEMENT LIMITED 2013-10-18 → present
2. NOUGATSTREAM LIMITED 2013-07-10 → 2013-10-18

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company Directors consider the going concern period as twelve months from the date of signing these financial statements and have reviewed detailed monthly cash flow forecasts for the Group over this period. In addition, the Directors have considered and confirm there are no significant or material events that have been identified beyond the going concern period that may cast significant doubt upon the continuing use of the going concern basis. The forecasts incorporate severe but plausible downside scenarios relating to business performance and covenant thresholds. The Directors have concluded that the Company has sufficient funds to continue trading for this period and the foreseeable future without significant curtailment of operations. Therefore, the financial statements have been prepared using the going concern basis.”

Significant events

• “On 10 February 2025, the AA Limited group ("Group") renewed its £200m Liquidity Facility with an effective date of 5 March 2025. The facility remains undrawn.”
• “On 19 March 2025, the Group successfully refinanced its £165m Senior Term Facility and £56m Working Capital Facility ahead of their 10 March 2026 maturity date. The Group has entered into a new £95m Senior Term Facility and a new £70m fixed rate Private Placement, both with maturity dates in March 2030.”
• “On 1 April 2025, the Group entered into a financing arrangement with Basing TopCo Limited, an indirect parent of AA Limited. Under this arrangement the Group may borrow up to £60m for the sole purpose of redeeming Class B3 Notes, to the extent any remaining outstanding on the 31 January 2026 maturity date.”
• “On 14 May 2025, the Group redeemed £62m of Class B3 Notes at par. On 7 October 2025, the Group provided a notice of redemption for the final £48m of B3 Notes.”

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

Filings

3

last 12 months

Capital events

0

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

  +7.1%

  £85,000,000 → £91,000,000

• Cash

  —

  Not reported

• Net assets

  -0.4%

  £456,000,000 → £454,000,000

• Employees

  —

  Not reported

• Operating profit

  +7.1%

  £85,000,000 → £91,000,000

• Profit before tax

  +12.3%

  £57,000,000 → £64,000,000

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