FLAIR LEISURE PRODUCTS PLC
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Cash
£106k
-78% lowest in 4 filed years
Net assets
-£6.5m
-139.2% lowest in 4 filed years
Employees
12
0% vs 2024
Profit before tax
-£3.8m
-44.7% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The directors note that Giochi Preziosi S.p.A. has entered a form of insolvency protection and that the going concern assumption for the Group is subject to multiple significant uncertainties. Given the Company's significant financial exposure to the Parent, the going concern assumption for the Company is subject to the same multiple significant uncertainties that may give rise to significant doubt.
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £9,763,000 | £6,385,000 | £9,534,000 | £5,054,000 | -47% | |
| Operating profit | -£1,499,000 | -£3,795,000 | -£2,388,000 | -£4,005,000 | -67.7% | |
| Profit before tax | -£420,000 | -£3,734,000 | -£2,624,000 | -£3,796,000 | -44.7% | |
| Net profit | -£420,000 | -£3,734,000 | -£2,624,000 | -£3,796,000 | -44.7% | |
| Cash | £1,896,000 | £1,029,000 | £481,000 | £106,000 | -78% | |
| Total assets less current liabilities | £3,631,000 | -£103,000 | -£2,727,000 | -£6,523,000 | -139.2% | |
| Net assets | £3,631,000 | -£103,000 | -£2,727,000 | -£6,523,000 | -139.2% | |
| Equity | £3,631,000 | -£103,000 | -£2,727,000 | — | — | |
| Average employees | 19 | 15 | 12 | 12 | 0% | |
| Wages | £970,000 | £919,000 | £828,000 | £919,000 | +11% | |
| Directors' remuneration | £110,000 | £117,000 | £114,000 | — | — | |
| Directors' pension contributions | £4,000 | £5,000 | £5,000 | — | — |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | -15.4% | -59.4% | -25.0% | -79.2% | |
| Net margin | -4.3% | -58.5% | -27.5% | -75.1% | |
| Return on capital employed | -41.3% | — | — | — | |
| Gearing (liabilities / total assets) | 56.8% | 101.3% | 133.9% | 219.8% | |
| Current ratio | 1.72x | 0.97x | 0.73x | 0.44x | |
| Interest cover | -39.45x | — | -10.12x | -12.67x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Affinia Audit Limited (Crawley)
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The directors note that Giochi Preziosi S.p.A. has entered a form of insolvency protection and that the going concern assumption for the Group is subject to multiple significant uncertainties. Given the Company's significant financial exposure to the Parent, the going concern assumption for the Company is subject to the same multiple significant uncertainties that may give rise to significant doubt.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAI, Toby Kwok To | Secretary | 2022-06-30 | — | — |
| BERTHOU, Mikael | Director | 2025-11-14 | Jan 1977 | French |
| BRAMWELL, Benn | Director | 2025-11-14 | May 1980 | British |
| ROBALDO, Antonella | Director | 2018-05-03 | Jul 1959 | Italian |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CALTON, Jessica | Secretary | 2021-04-07 | 2022-06-30 |
| HEDGE, Simon John | Secretary | 1999-03-09 | 2002-10-22 |
| MORAN, Carl Patrick | Secretary | 2002-10-22 | 2021-04-07 |
| LAWSON (LONDON) LIMITED | Corporate Nominee Secretary | 1999-01-22 | 1999-03-09 |
| BEECHAM, Richard Jacob | Director | 1999-07-16 | 2008-03-28 |
| BERTE, Dario | Director | 2008-03-28 | 2021-03-31 |
| BERTOTTO, Paolo | Director | 2021-09-15 | 2022-09-01 |
| BROWN, Peter | Director | 1999-03-09 | 2021-12-31 |
| CAKE, Julia Louise | Director | 2021-09-15 | 2024-09-15 |
| CATCHPOLE, Edward Laurence | Director | 2024-09-15 | 2025-11-14 |
| DUFFILL, Clare Marianne | Nominee Director | 1999-01-22 | 1999-03-09 |
| FERRY, Denis Michael | Director | 2008-03-06 | 2008-03-28 |
| GARDNER, Simon John | Director | 2002-12-12 | 2008-03-28 |
| HEDGE, Simon John | Director | 1999-03-09 | 2021-07-30 |
| HIGUCHI, Hiromitsu | Director | 2005-12-15 | 2008-03-28 |
| HUNT, David Stephen | Director | 1999-01-22 | 1999-03-09 |
| LEE, John | Director | 1999-09-16 | 2003-07-11 |
| LISCHETTI, Marco | Director | 2022-12-13 | 2025-11-14 |
| LISCHETTI, Marco | Director | 2014-07-08 | 2021-03-31 |
| MORAN, Carl Patrick | Director | 2000-04-17 | 2018-05-02 |
| POZZI, Oddone Maria | Director | 2008-03-28 | 2014-06-30 |
| ROUGEOT, Marie Eve | Director | 2021-09-15 | 2022-10-26 |
| VOLANAKIS, George Byron | Director | 1999-11-08 | 2002-12-12 |
| WARD, Russ | Director | 1999-03-09 | 2001-12-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Eleonora Preziosi | Individual | Shares 50–75%, Voting 50–75% | 2025-11-14 | Active |
| Fabrizio Preziosi | Individual | Shares 50–75%, Voting 50–75% | 2025-11-14 | Active |
| Matteo Preziosi | Individual | Shares 50–75%, Voting 50–75% | 2025-11-14 | Active |
| Paola Preziosi | Individual | Shares 50–75%, Voting 50–75% | 2025-11-14 | Active |
| Enrico Preziosi | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2025-11-14 |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2026-07-30 | AA | accounts | Accounts with accounts type full | |
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-23 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-23 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-23 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-23 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-14 | AA | accounts | Accounts with accounts type full | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | AA | accounts | Accounts with accounts type full | |
| 2023-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-10 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.