MOTHERCARE GLOBAL BRAND LIMITED

• ⚠

  Material uncertainty over going concern

  Within the next month, we are forecasting to breach a financial covenant of our £8 million debt facility, the facility would then become repayable on demand rather than the term date of October 2026. The breach is expected to be of the liquidity financial covenant, which requires us to maintain cash balances above £2.6 million, other than for a period of no more than three days.

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

RPG Crouch Chapman LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Within the next month, we are forecasting to breach a financial covenant of our £8 million debt facility, the facility would then become repayable on demand rather than the term date of October 2026. The breach is expected to be of the liquidity financial covenant, which requires us to maintain cash balances above £2.6 million, other than for a period of no more than three days.”

Group structure

1. MOTHERCARE GLOBAL BRAND LIMITED · parent
   1. Mothercare Europe Global Brand Limited 100% · Republic of Ireland · Non trading
   2. Mothercare Finance (2) Limited 100% · UK · Non trading
   3. Gurgle Limited 100% · UK · Non trading
   4. Mothercare International (Hong Kong) Limited 100% · Hong Kong · Investment holding Company
   5. Mothercare Commercial (Shanghai) Co Limited 100% · China · Trading
   6. Mothercare Sourcing India Private Limited 100% · India · Trading

Significant events

• “During the year the Company incorporated a new subsidiary, JVCO 2024 Ltd, to facilitate the sale of the Mothercare IP rights in India, Bhutan, Sri Lank, Nepal and Bangladesh. Subsequently the Group disposed of 51% of its shareholding in JVCO 2024 Ltd resulting in the loss of control.”
• “In June 2025 we announced a new licence agreement for Turkey with Ebebek Mağazacılık A.Ş. The new licence agreement gives Ebebek the exclusive right to use the Mothercare brand in Turkey on products either designed and sourced by Ebebek or Mothercare for a period of 10 years.”
• “On 17 October, in return for a 51% equity interest in JVCO 2024, together with some royalty concessions, the Group received a gross consideration of £16,000k from Reliance... After the repayment of £11,500k, the loan with Gordon Brothers was reduced to a principal of £8.0 million.”

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

Filings

5

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

  -31.7%

  £54,202,000 → £37,004,000

• Cash

  -41.3%

  £4,280,000 → £2,514,000

• Net assets

  +67.8%

  -£38,552,000 → -£12,396,000

• Employees

  -12.4%

  129 → 113

• Operating profit

  +150.8%

  £6,508,000 → £16,325,000

• Profit before tax

  +252.2%

  £3,461,000 → £12,189,000

• Wages

  -20.3%

  £5,982,000 → £4,766,000

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