HARDING BROTHERS RETAIL LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

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

  +3.1%

  £296,145,361 → £305,397,534

  highest in 3 filed years

• Cash

  +12.8%

  £3,226,956 → £3,639,431

  highest in 3 filed years

• Net assets

  +41.3%

  -£9,071,442 → -£5,326,459

  highest in 3 filed years

• Employees

  +9.5%

  200 → 219

  highest in 3 filed years

• Operating profit

  +187.5%

  -£12,982,968 → £11,356,651

• Profit before tax

  +121.9%

  -£19,962,568 → £4,374,980

  highest in 3 filed years

• Wages

  +40.9%

  £9,207,961 → £12,974,738

  highest in 3 filed years

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's performance during the financial year, and its forecasts for 2025 and 2026 indicate strong profitability and cash generation, alongside a renegotiated loan facility, expiring on 31st January 2027. The loan facility has a capacity of £70m, although the amount the Company can borrow is based on available collateral of stock and debtors. The directors have performed financial modelling on projected cashflows for the going concern period to December 2026. As part of the Company's going concern assessment, it has considered both the facility cap and the forecast collateral available. These forecasted cash flows indicate that there remains sufficient headroom for the Company to operate within its existing financing facilities, and to comply with all relevant banking covenants during the forecast period. The Company's forecasts indicate it will be both profitable and cash generative in the going concern period, even when considering sensitivities of plausible downside scenarios.”

Significant events

• “during the second half of 2023, the Company successfully renegotiated its cost base with key suppliers and cruise lines and 2024 demonstrates the full annual impact of this.”
• “During the year, the Company began operations on four new ships and exited operations on six existing ships.”
• “Subsequent to year end, the loan facility was renegotiated, maintaining the funding cap at £70m, with an expiry date of 31 January 2027.”

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

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.