LOVELL SPORTS LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have taken the decision to wind down operations of the company and do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 1.2. Our opinion is not modified in this respect.

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

• Turnover

  -28.2%

  £14,034,538 → £10,076,344

• Cash

  -49.7%

  £675,461 → £339,587

• Net assets

  +13.4%

  £11,920,223 → £13,522,562

• Employees

  -14.3%

  21 → 18

• Operating profit

  -25.5%

  £1,576,698 → £1,175,016

• Profit before tax

  -25.1%

  £1,576,698 → £1,181,718

• Wages

  -19.3%

  £662,454 → £534,669

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

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.

1. LOVELL SPORTS LIMITED 2017-10-17 → present
2. LOVELL RUGBY LIMITED 2001-03-21 → 2017-10-17

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have taken the decision to wind down operations of the company and do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in note 1.2. Our opinion is not modified in this respect.”

Group structure

1. LOVELL SPORTS LIMITED · parent
   1. Lovells SP Limited 100% · England and Wales

Significant events

• “During the year, the directors have taken the decision to wind down the operations of Lovell Sports Limited. All current and outstanding contractual obligations will be fulfilled before trading ceases. The provision of services relating to new contracts will instead be delivered by Topgrade Sportswear Limited, a fellow subsidiary, resulting in no operational impact to customers. Following the period end, the company's business was integrated into another Frasers Group entity by way of the transfer the trade and assets of the company to Topgrade Sportswear Limited.”

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

Filings

2

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.