GAVCO 188 LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have concluded that the company is no longer a going concern as the decision has been made to cease manufacturing operations. As a consequence, the financial statements have not been prepared on a going concern basis but instead on a break-up basis. Further details are set out in Note 2 to the financial statements.

1. GAVCO 188 LIMITED 2016-10-28 → present
2. FURNICO SUBCO LIMITED 2016-10-07 → 2016-10-28

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

Hargreaves Brown & Benson

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have concluded that the company is no longer a going concern as the decision has been made to cease manufacturing operations. As a consequence, the financial statements have not been prepared on a going concern basis but instead on a break-up basis. Further details are set out in Note 2 to the financial statements.”

Group structure

1. GAVCO 188 LIMITED · parent
   1. La-Z-Boy Manufacturing UK Limited 100% · United Kingdom · manufacture of upholstered furniture for sale in the United Kingdom and the Republic of Ireland

Significant events

• “In December 2025, La-Z-Boy made a public announcement to close its UK manufacturing facility and that production would cease over the course of 2026.”

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

Filings

2

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

  -52.8%

  £25,324,528 → £11,944,498

• Cash

  -28.2%

  £1,722,472 → £1,237,324

• Net assets

  -104.8%

  £4,862,625 → -£231,134

• Employees

  -41.7%

  240 → 140

• Operating profit

  -2,165%

  -£394,642 → -£8,938,801

• Profit before tax

  -2,002.2%

  -£424,892 → -£8,932,107

• Wages

  -16.4%

  £7,213,706 → £6,033,374

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