POETIC BRANDS LIMITED

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

Consolidated group

Auditor

UHY Hacker Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors confirm that, having reviewed the group's forecasts, they consider that the group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. POETIC BRANDS LIMITED · parent
   1. Norwest Industries Limited · HK
   2. Poeticgem International Limited · HK
   3. Nor Lanka Manufacturing Limited 0.95% · Hong Kong
   4. Multinational Textile Group Limited · Mauritius
   5. PDS Fashions Limited · UK
   6. Poeticgem Limited · UK
   7. Design Arc Asia Ltd 0.98% · Hongkong
   8. Brand Collective Corporation Limited 0.97% · UK
   9. Clover Collections FZCO 0.75%
   10. Spring Near East FZCO 0.85%
   11. Moda & Beyond Ltd
   12. PDS Multinational FZCO 1%

Significant events

• “Various strategic initiatives such as Geographical expansion, Product innovation, Cost optimisation have been initiated which will help the group to bring long-term success and sustainable growth in a competitive marketplace.”
• “The business environment is showing signs of stabilization following the challenges of inflation, the cost-of-living crisis, and the global pandemic, which significantly affected the UK retail industry: Amidst rising input costs impacting the sector, Poetic Brands Limited is intensifying its efforts towards achieving agility through digitization and innovation, enhancing the group's responsiveness and delivering added value to its customers. Furthermore, the group is expanding its footprint into new geographies and new categories, while continuing its strategy of customer diversification and leveraging synergies across PDS Limited's group companies to foster overall growth and boost profitability.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +43.3%

  £17,813,270 → £25,518,651

• Cash

  +98.9%

  £390,657 → £777,075

• Net assets

  -47.2%

  £1,539,045 → £813,278

• Employees

  -3.6%

  56 → 54

• Operating profit

  -214.8%

  £392,447 → -£450,449

• Profit before tax

  -367.3%

  £240,422 → -£642,707

• Wages

  +60.9%

  £988,641 → £1,591,048

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