VICTORIA BECKHAM HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  The Group made a total comprehensive loss in the financial year of £4.8m (2023 - £3.2m) and has been reliant on continued financial support from its shareholders. The Group had net current liabilities of £34.6m (2023 - £38.5m) and net liabilities of £29.7m (2023 - £38.7m) at the year end. The Group and Company are reliant on the extension of a bank loan which has not been finalised. In addition, the Directors have not yet decided whether other shareholder loans and convertible loan arrangements will be repaid or converted into equity. Should the Directors decide to repay the loans, the Group and Company will require additional funding which is not guaranteed. This indicates the existence of material uncertainties which may cast significant doubt over the Group and Company's ability to continue as a going concern.

1. VICTORIA BECKHAM HOLDINGS LIMITED 2017-11-29 → present
2. HAL123 LIMITED 2017-11-02 → 2017-11-29

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group made a total comprehensive loss in the financial year of £4.8m (2023 - £3.2m) and has been reliant on continued financial support from its shareholders. The Group had net current liabilities of £34.6m (2023 - £38.5m) and net liabilities of £29.7m (2023 - £38.7m) at the year end. The Group and Company are reliant on the extension of a bank loan which has not been finalised. In addition, the Directors have not yet decided whether other shareholder loans and convertible loan arrangements will be repaid or converted into equity. Should the Directors decide to repay the loans, the Group and Company will require additional funding which is not guaranteed. This indicates the existence of material uncertainties which may cast significant doubt over the Group and Company's ability to continue as a going concern.”

Group structure

1. VICTORIA BECKHAM HOLDINGS LIMITED · parent
   1. Victoria Beckham Limited 100% · UK · fashion and brand business
   2. Victoria Beckham Beauty UK Limited 53% · UK · Holding company
   3. Victoria Beckham Inc. 100% · USA · Fashion e-commerce
   4. Beckham Retail Limited 100% · UK · Dormant
   5. Victoria Beckham Beauty LLC 96% · USA · Beauty e-commerce
   6. VBB Holding LLC 88% · USA · Holding company

Significant events

• “In 2024, the Group continued its strong revenue growth trajectory, achieving a +26.5% year-on-year increase (2023 +52%), with total revenue of £112.7m and delivering another year of profitable growth.”
• “2024 saw the departure of CEO Marie Leblanc, who left the company to return France to be with her family.”
• “Chairman Ralph Toledano took over from Marie as acting CEO prior to the appointment of Marie's successor in 2025.”
• “Since the year end, the Group received a further £6.2m from the shareholders to help the required investment in working capital to sustain the Group's growth plans.”
• “Victoria Beckham Beauty secured a £4.7m cash injection in 2025.”
• “Victoria Beckham Holdings Limited announced the appointment of Sybille Darricarrère Lunel as its new CEO, effective 1 July 2025.”

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

1

last 12 months

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

• Turnover

  +26.5%

  £89,129,330 → £112,710,257

• Cash

  —

  Not reported

• Net assets

  +23.2%

  -£38,680,389 → -£29,713,771

• Employees

  +51.7%

  147 → 223

• Operating profit

  -623.2%

  -£214,945 → -£1,554,390

• Profit before tax

  -68.9%

  -£2,869,915 → -£4,847,925

• Wages

  +11.8%

  £13,471,344 → £15,061,477

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