THG PLC
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Cash
£584M
-60.7% vs 2024
Net assets
£425M
-73.8% vs 2024
Employees
2,912
-7.3% vs 2024
Profit before tax
-£69M
+65.9% vs 2024
Watch the reel
Our short-form breakdown of THG PLC's latest filing
THG’s latest accounts show a massive drop in headcount, but a huge jump in directors' pay. Here are the numbers. 📊
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,751,404,000 | £1,717,877,000 | -1.9% | |
| Operating profit | -£147,895,000 | £8,134,000 | +105.5% | |
| Profit before tax | -£202,400,000 | -£69,018,000 | +65.9% | |
| Net profit | — | — | — | |
| Cash | £1,484,141,000 | £583,698,000 | -60.7% | |
| Total assets less current liabilities | £1,805,559,000 | £1,177,733,000 | -34.8% | |
| Net assets | £1,620,896,000 | £425,222,000 | -73.8% | |
| Equity | £1,620,896,000 | £425,222,000 | -73.8% | |
| Average employees | 3,140 | 2,912 | -7.3% | |
| Wages | £273,923,000 | £121,392,000 | -55.7% | |
| Directors' remuneration | £507,000 | £524,000 | +3.4% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -8.4% | 0.5% | |
| Return on capital employed | -8.2% | 0.7% | |
| Gearing (liabilities / total assets) | 36.3% | 73.4% | |
| Current ratio | 16.87x | 14.50x | |
| Interest cover | -2.33x | 0.10x |
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 4 times since incorporation
- THG PLC 2021-01-05 → present
- THG HOLDINGS PLC 2020-09-07 → 2021-01-05
- THG HOLDINGS LIMITED 2020-09-07 → 2020-09-07
- THE HUT GROUP LIMITED 2008-10-01 → 2020-09-07
- HALLCO 1611 LIMITED 2008-03-19 → 2008-10-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group continues to meet its short term debt service coverage ratios and debt covenants, on the basis that there is no material uncertainty identified that would cast significant doubt on the Group’s ability to continue using the going concern basis for the period through the 30 April 2027.”
Group structure
- THG PLC · parent
- THG Holdings Limited
- Lookfantastic.com Limited
- Myprotein Limited
Significant events
- “In August 2025, the Group agreed to sell Claremont Ingredients to the Nactarome Group for a cash consideration of c.£103m.”
- “The demerger of THG Ingenuity occured on 2 January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| POCHIN, James Patrick | Secretary | 2011-01-01 | — | — |
| ALLEN, Charles Lamb, Lord Allen Of Kensington | Director | 2022-03-22 | Jan 1957 | British |
| JONES, Helen Victoria | Director | 2023-06-21 | Sep 1958 | British |
| KENT, Gillian Dawn Celia | Director | 2022-09-15 | Oct 1963 | British |
| KOOPMAN, Edward Johan | Director | 2016-05-03 | Feb 1962 | Dutch |
| MAIR, Susan Jane | Director | 2023-04-24 | Feb 1956 | British |
| MOORE, Dean Roderick | Director | 2022-09-15 | Oct 1957 | British |
| MOULDING, Matthew John | Director | 2008-06-24 | Feb 1972 | British |
| PARK, Milyae | Director | 2025-01-28 | Jan 1970 | British,American |
| SANDERS, Damian Robert | Director | 2020-11-17 | Aug 1964 | British |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GALLEMORE, John Andrew | Secretary | 2008-06-24 | 2011-01-01 |
| HBJGW MANCHESTER SECRETARIES LIMITED | Corporate Secretary | 2008-03-19 | 2008-06-24 |
| BODELL, Joanna | Director | 2020-01-28 | 2020-08-24 |
| BRICK, Alexander Paul | Director | 2013-01-16 | 2014-08-07 |
| BYNG-THORNE, Zillah Ellen | Director | 2018-11-22 | 2022-09-15 |
| CAMPBELL, Hugh Alastair | Director | 2019-02-20 | 2020-03-27 |
| CROWN, Daniel James | Director | 2010-11-11 | 2014-01-16 |
| DUCKWORTH, Andrew James | Director | 2015-05-24 | 2018-04-17 |
| EVANS, William Mark | Director | 2011-10-20 | 2020-08-26 |
| EVANS, William Mark | Director | 2010-04-14 | 2011-04-07 |
| GALLEMORE, John Andrew | Director | 2008-06-24 | 2025-01-02 |
| GEDMAN, Paul Jonathan | Director | 2012-10-24 | 2018-10-31 |
| GHEYSENS, Nicolas Joseph Michel | Director | 2017-09-05 | 2019-03-18 |
| GOLDEN, David | Director | 2012-10-19 | 2013-03-19 |
| HALL, Tiffany | Director | 2021-01-12 | 2022-03-18 |
| HANSSON, Andreas | Director | 2021-10-26 | 2022-09-15 |
| HORSEFIELD, Rachel | Director | 2018-10-31 | 2020-08-26 |
| LEWIS, Clive Robert | Director | 2012-12-24 | 2014-08-07 |
| LIAUTAUD, Bernard | Director | 2017-09-05 | 2020-08-26 |
| MCDONALD, Iain | Director | 2010-03-27 | 2024-03-31 |
| MEEHAN, Paul Alan | Director | 2010-12-30 | 2011-10-14 |
| MONRO, Angus | Director | 2010-03-27 | 2020-08-26 |
| MURPHY, Dominic Patrick | Director | 2014-08-07 | 2022-06-08 |
| NEVINSON, Carolyn | Director | 2009-09-21 | 2010-03-27 |
| NEVINSON, Richard John | Director | 2009-09-21 | 2010-03-27 |
| NOBAHAR-COOKSON, Oliver | Director | 2020-04-30 | 2020-08-24 |
| NOBAHAR-COOKSON, Oliver | Director | 2011-05-31 | 2012-10-15 |
| PENNYCOOK, Richard John | Director | 2012-10-15 | 2018-11-22 |
| PIRRIE-FRANKS, Timothy Robert | Director | 2019-03-18 | 2020-08-26 |
| POCHIN, James Patrick | Director | 2018-04-18 | 2020-08-26 |
| RAJANAH, Darren | Director | 2009-09-18 | 2012-10-24 |
| SPEDDING, Daina | Director | 2013-01-16 | 2014-08-07 |
| TAHMASEBI, Viki | Director | 2019-02-28 | 2020-08-26 |
| WHITEHEAD, Steven | Director | 2019-02-28 | 2020-08-26 |
| HALLIWELLS DIRECTORS LIMITED | Corporate Director | 2008-03-19 | 2008-06-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Matthew John Moulding | Individual | Shares 25–50% | 2020-08-19 | Ceased 2020-09-21 |
Filing timeline
Last 20 of 502 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type group | |
| 2026-03-31 | AD04 | address | Move registers to registered office company with new address | |
| 2026-03-28 | AA | accounts | Accounts with accounts type interim | |
| 2026-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-11 | RP01SH01 | miscellaneous | Legacy | |
| 2026-02-17 | SH01 | capital | Capital allotment shares | |
| 2025-12-19 | SH01 | capital | Capital allotment shares | |
| 2025-07-01 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-30 | AA | accounts | Accounts with accounts type group | |
| 2025-05-01 | SH01 | capital | Capital allotment shares | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-21 | SH08 | capital | Capital name of class of shares | |
| 2025-03-19 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-03-19 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-03-10 | SH08 | capital | Capital name of class of shares | |
| 2025-03-10 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-03-10 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-03-10 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-03-10 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-03-10 | SH10 | capital | Capital variation of rights attached to shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 12
- 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.