GARM TOPCO LTD

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

FLB Audit LLP

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 Group's or the parent 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. GARM TOPCO LTD · parent
   1. Garm Midco 1 Ltd 100% · UK
   2. Garm Midco 2 Ltd 100% · UK
   3. Garm Bidco Ltd 100% · UK
   4. OMP BrandCo Ltd 100% · UK
   5. Apparel Brands Limited 100% · UK
   6. Bench Fashion Limited 100% · UK
   7. Nicce Fashion Limited 100% · UK
   8. Nicce IP Holdings Ltd 70% · UK
   9. Bench Americas IP Holdings Ltd 80% · UK
   10. Hype IP Holdings Limited 60% · UK
   11. Wraith Holdings International Limited 51% · UK
   12. Bench IP Holdings LLC 51% · USA
   13. Maintain Holding GmbH 60% · Germany · design and sourcing of branded apparel
   14. Quantum Fashion Verwaltungs GmbH 60% · Germany
   15. Selected Brands GmbH & Co. KG 60% · Germany
   16. Bench Fashion GmbH & Co. KG 60% · Germany

Significant events

• “On 4 July 2025, Apparel Brands Limited, a subsidiary of Garm Topco Ltd, acquired 51% of the common shares in Freemark Apparel Brands International Inc.”
• “The Group acquired the global IP and trademark portfolio for Just Hype, a kids brand specializing in accessories.”
• “The Group also increased its shareholding in Wraith, the holding company for the Bench brand IP outside of the Americas to 51%.”
• “On 6 June 2025, the group acquired 60% of Maintain Holding GmbH.”

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

4

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

  +35.9%

  £37,557,222 → £51,058,731

• Cash

  -35.5%

  £4,858,098 → £3,135,540

• Net assets

  +49,360%

  £13,569 → £6,711,233

• Employees

  +34.5%

  55 → 74

• Operating profit

  +86.7%

  £2,793,988 → £5,215,147

• Profit before tax

  +89.7%

  -£454,860 → -£46,677

• Wages

  +43.5%

  £2,641,704 → £3,791,436

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