SEALSKINZ LIMITED

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

  +10.2%

  £13,133,308 → £14,470,741

  highest in 4 filed years

• Cash

  +80.9%

  £983,305 → £1,778,981

  highest in 4 filed years

• Net assets

  -49%

  -£1,953,860 → -£2,911,382

  lowest in 4 filed years

• Employees

  -21.2%

  85 → 67

  lowest in 4 filed years

• Operating profit

  -535.6%

  £212,630 → -£926,275

  lowest in 4 filed years

• Profit before tax

  -7,166.5%

  -£17,171 → -£1,247,725

  lowest in 4 filed years

• Wages

  -17.9%

  £3,008,168 → £2,469,011

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. SEALSKINZ LIMITED 2007-08-21 → present
2. PIL MEMBRANES LIMITED 2005-09-01 → 2007-08-21
3. PORVAIR INTERNATIONAL LIMITED 2003-12-05 → 2005-09-01
4. LEGISLATOR 1654 LIMITED 2003-10-08 → 2003-12-05

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Harris & Trotter LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the factors that impact the Group's future development, performance, cash flows and financial position along with the Group's current liquidity in forming their conclusion on the applicability of the going concern basis. The parent company of the Group has also confirmed that they will provide funding to support the operations of the Group should this be needed, and that they will not demand repayment of any of the amounts which they have borrowed to the group. Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have prepared the financial statements on a going concern basis.”

Group structure

1. SEALSKINZ LIMITED · parent
   1. Sealskinz Inc 100% · United States · Supply of waterproof and breathable clothing
   2. Sealskinz Digital Inc 100% · United States · Supply of waterproof and breathable clothing
   3. Sealskinz GMBH 100% · Germany · Supply of waterproof and breathable clothing

Significant events

• “In November 2024, we opened our first permanent retail location in Marylebone, London. The store serves as an experiential space where customers can engage with our products and brand. It also supports customer engagement and community through our monthly run club. For the initial 7.5-month trading period, the store exceeded budget. Customer feedback has been highly positive, indicating strong alignment with our brand strategy and local engagement objectives.”
• “In December 2024, we closed our Kings Lynn production facility and transitioned the manufacturing of our waterproof socks to an existing partner in Bulgaria. As part of this restructuring, 38 roles were made redundant at a total cost of £132.5k. The move is expected to deliver a year-on-year improvement in gross margin, supporting our long-term efficiency and profitability objectives.”
• “During the year, we relocated both offices to optimise operational efficiency and cost management. The London studio and showroom moved from Hampstead to Camden in October 2025, whilst the King's Lynn office transitioned from the factory facility to a dedicated office space in February 2025. Both leases were negotiated with six-month rent-free periods to minimize costs during the initial term. Each location includes showroom space, enabling us to leverage the office environment for product presentations and enhanced the perception of the brand in line with the London Store. Customers and distributors have reacted well to the new facilities.”
• “We undertook a comprehensive review and restructuring of our wholesale customer base, which subsequently led to changes within the wholesale team. New customer selection criteria were introduced to ensure focus on accounts that deliver both revenue growth and brand value. The revised operating model, saw two team members being made redundant in June 2025 at a cost of £46k. Additionally, one agent retired in May 2025, with a final payment of £26k reflecting his last three years' earnings.”
• “Following the balance sheet date, the company implemented a new ERP system as part of a strategic initiative to strengthen competitive positioning. The system enhances business-wide visibility, drives efficiency across existing processes, and enables teams to remain agile in responding to orders and customer requests.”

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

Filings

3

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.