THREAD 35 LTD

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

Standalone (parent only)

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors confirm that they have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due for the foreseeable future.”

Significant events

• “Sosandar stores opened for the first time in FY25.”
• “In November we were delighted to announce that we had signed an agreement with NEXT for a Sosandar homeware range.”
• “Five additional stores followed, resulting in a total of six stores open by the end of the financial year. The investment required to open the stores has been funded from existing resources.”
• “In February 2025, we moved warehouse from GXO to Torque Logistics. The move was smooth with no customer impact. The costs associated with the move (£0.2m) are reported as one-off due to the unique nature of the project.”
• “Investment in fixed assets and intangibles is focused on the two main projects within the year. Firstly the opening of the stores totalled £1.7m which is inclusive of all elements of the store project including design, installation and physical fixtures. Secondly, the first stage of the ERP project went live in March 2025 at a total cost of £0.7m.”

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

  -19.9%

  £46,277,000 → £37,055,000

• Cash

  -29.5%

  £3,779,000 → £2,666,000

• Net assets

  +206.4%

  -£12,999,000 → £13,825,000

• Employees

  +17.4%

  92 → 108

• Operating profit

  +467.1%

  £82,000 → £465,000

• Profit before tax

  -1,069%

  £71,000 → -£688,000

• Wages

  +9.3%

  £3,621,000 → £3,959,000

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