NEW BALANCE ATHLETIC SHOES (U.K.) LIMITED
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Cash
£40M
+46.7% vs 2023
Net assets
£120M
+235% vs 2023
Employees
789
+6.9% vs 2023
Profit before tax
£192M
+29.7% vs 2023
Watch the reel
Our short-form breakdown of NEW BALANCE ATHLETIC SHOES (U.K.) LIMITED's latest filing
New Balance's UK business just dropped its latest accounts, and they've officially crossed the £1 billion turnover mark. 👟📈
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £882,175,431 | £1,026,089,739 | +16.3% | |
| Operating profit | £152,692,619 | £199,663,326 | +30.8% | |
| Profit before tax | £148,256,893 | £192,356,227 | +29.7% | |
| Net profit | £114,436,592 | £143,934,302 | +25.8% | |
| Cash | £27,134,239 | £39,815,217 | +46.7% | |
| Total assets less current liabilities | £36,434,451 | £120,504,413 | +230.7% | |
| Net assets | £35,712,116 | £119,647,476 | +235% | |
| Equity | £35,712,116 | £119,647,476 | +235% | |
| Average employees | 738 | 789 | +6.9% | |
| Wages | £33,093,210 | £38,774,646 | +17.2% | |
| Directors' remuneration | £245,748 | £230,802 | -6.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 17.3% | 19.5% | |
| Net margin | 13.0% | 14.0% | |
| Return on capital employed | 419.1% | 165.7% | |
| Gearing (liabilities / total assets) | 89.0% | 63.6% | |
| Current ratio | 1.09x | 1.52x | |
| Interest cover | 34.42x | 27.32x |
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.
Name history
Renamed 1 time since incorporation
- NEW BALANCE ATHLETIC SHOES (U.K.) LIMITED 1982-04-21 → present
- BRACKENDOWN LIMITED 1982-02-23 → 1982-04-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements. The company's forecasts indicate it will be able to fund its operations using its working capital and will not be dependent on its parent company for financial support.”
Significant events
- “On 14 January 2025, the company fully satisfied two debenture charges created on 7 March 2012 and 28 March 2003, which were secured against the company's assets, including goodwill, book debts, uncalled capital, buildings, fixtures, and fixed plant & machinery.”
- “After the year end, a dividend of £44,074,533 was declared and paid.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAURON, Paul | Secretary | 2015-06-16 | — | — |
| DAVIS, James Spiro | Director | — | May 1943 | American |
| DICKEN, Graham | Director | 2018-11-01 | Mar 1971 | British |
| DOYLE, Kevin Michael | Director | 2019-12-31 | Jan 1970 | American |
| PRESTON, Joseph Eugene | Director | 2018-11-01 | Nov 1962 | American |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GORTY, Peter | Secretary | 1994-11-21 | 1999-01-14 |
| JONES, Stephen Howard | Secretary | — | 1994-08-30 |
| EPS SECRETARIES LIMITED | Corporate Secretary | 1999-01-14 | 2016-04-04 |
| ALLEN, Francis | Director | 2015-06-16 | 2018-11-01 |
| CAMERON, Alistair Donald | Director | 2003-07-04 | 2007-03-01 |
| DEMARTINI, Robert | Director | 2015-06-16 | 2018-11-01 |
| GORTY, Peter | Director | — | 1993-11-17 |
| HED, Alan Roy | Director | 2009-06-05 | 2016-11-11 |
| JONES, Stephen Howard | Director | — | 1994-08-30 |
| LARSEN, John | Director | 1997-12-24 | 2015-06-16 |
| LUCAS, Lawrence Russell | Director | 1998-07-15 | 2000-12-31 |
| RAM, Jonathan | Director | 2007-04-01 | 2015-06-16 |
| ROBINSON, David | Director | — | 1993-02-26 |
| SAMUELSON, Lars Olof | Director | — | 1994-04-29 |
| TOMPKINS, James Edward | Director | 1994-11-21 | 2009-06-05 |
| WITHEE, John | Director | 2015-06-16 | 2019-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr James Spiro Davis | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 200 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-02 MA Memorandum articles
- 2024-01-02 RESOLUTIONS Resolution
- 2023-12-20 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-09 | CH01 | officers | Change person director company with change date | |
| 2026-01-09 | CH01 | officers | Change person director company with change date | |
| 2026-01-09 | CH03 | officers | Change person secretary company with change date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-06 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-05 | CH01 | officers | Change person director company with change date | |
| 2025-01-05 | CH01 | officers | Change person director company with change date | |
| 2025-01-05 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-05 | CH01 | officers | Change person director company with change date | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-01-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-02 | MA | incorporation | Memorandum articles | |
| 2024-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-20 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-11-21 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.