HOUSE OF FRASER LIMITED

Company number

10686681

Status

Active

Incorporation

2017-03-23

Last accounts made up

2024-04-28

Account category

FULL

Primary SIC

47190

Hubs

UK Consumer / DTC

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors believe that the Company is well placed to manage its business risks successfully despite the continued uncertain economic outlook. The Group is profitable, highly cash generative and has considerable financial resources. The Group is able to operate within its banking facilities and covenants which run until July 2028 with an option to extend for a further two years, and is well placed to take advantage of strategic opportunities as they arise.”

Significant events

• “The Company started the period with 31 stores across the UK, closing 8 House of Fraser stores and opening 2 Frasers stores during the period resulting in a total store estate of 25.”
• “The acquisition of the Junction 32 outlet in late 2023 is a significant step forwards in our commitment to physical retail.”
• “The Group continued to be acquisitive throughout the year. Acquisitions of the Wiggle and Chain Reaction brands expanded the Group's presence within the cycling industry, as well as WIT Fitness, Aphrodite, Zee and Co and John Anthony.”
• “In April 2024 the Group signed a binding agreement to acquire 100% of the shareholding of Twin Sport Holding B.V., the Netherlands based Sports Retailer with 17 stores.”
• “During the year the Group disposed of Missguided intellectual property.”
• “Frasers acquired Matches Fashion for a total consideration of approximately £52m to strengthen the Group's offering within the luxury market. Matches business subsequently entered administration.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers