DRACO DISTRIBUTION LTD

• ⚠

  Material uncertainty over going concern

  These conditions, together with other matters explained in note 2.3 to the financial statements, including the reliance of support referred to in note 2.3, which has not been confirmed, indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.

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

Standalone (parent only)

Auditor

Crowe U.K LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These conditions, together with other matters explained in note 2.3 to the financial statements, including the reliance of support referred to in note 2.3, which has not been confirmed, indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. DRACO DISTRIBUTION LTD · parent
   1. Draco Distribution GmbH 100% · Germany

Significant events

• “Supply Diversification: By year-end, around 10% of production had been shifted outside China, with new supplier partnerships established to reduce over-reliance, lower shipping costs, and improve time-to-market responsiveness.”
• “Product Evolution: Work began during the latter part of 2024 on the creative development of a new collection strategy aimed at broadening the brand's appeal beyond niche categories. This repositioning is expected to materialise with the Fall/Winter 2025 (FW25) collection, positioning the company to regain market share by the end of 2025.”
• “Leadership Restructuring: Toward year-end, a top management reshaping began. The COO departed at the end of Q4 2024, followed by the planned departure of the CFO in Q1 2025, marking the start of a leadership realignment to support the next chapter.”

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

1

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

  -5%

  £7,033,418 → £6,684,096

• Cash

  -62.1%

  £829,571 → £314,109

• Net assets

  +5%

  £9,962,015 → £10,464,491

• Employees

  -7.1%

  70 → 65

• Operating profit

  -53.6%

  £1,055,216 → £489,297

• Profit before tax

  -53.4%

  £1,050,353 → £489,401

• Wages

  +2%

  £2,278,523 → £2,324,173

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