COBALT FASHION (UK) LIMITED

1. COBALT FASHION (UK) LIMITED 2018-01-19 → present
2. GSCM (UK) LIMITED 2017-06-30 → 2018-01-19
3. TIMEC 1604 LIMITED 2017-03-17 → 2017-06-30

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

Sumer AuditCo Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. COBALT FASHION (UK) LIMITED · parent
   1. Ralsey Group Limited 100% · USA · Wholesaling
   2. Cobalt Fashion LLC 100% · USA · Trading of apparel

Significant events

• “The company has made a loss on current year as a result of decrease in turnover and increase in operating expenses. The company's turnover decreased by 58% and operating expenses increased by 14.5%. The increase in operating expenses is mainly due to a one-off claim from a customer.”
• “The company is diversifying its supplier base at all procurement levels and actively working to establish new supply routes. There is also a strategic risk from retail market disruption. This is now an important part of the group strategy, which emphasises speed, digitalization, and innovation.”

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

Filings

4

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

  -57.8%

  £8,475,167 → £3,580,430

• Cash

  -54%

  £1,053,373 → £484,062

• Net assets

  -6.8%

  £7,149,741 → £6,665,678

• Employees

  -21.4%

  14 → 11

• Operating profit

  -252.6%

  £142,328 → -£217,198

• Profit before tax

  -275.9%

  -£128,984 → -£484,804

• Wages

  +10.4%

  £753,892 → £832,468

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