WELCOME TO THE FOLD LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realise continue to meet its liabilities in the normal course of business. ... However, the forecast indicates that, without additional funding, the Company will be unable to meet its liabilities as they fall due from May 2026. ... As a result, these conditions indicate that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +3.5%

  £17,888,160 → £18,511,066

• Cash

  -15.6%

  £811,524 → £684,561

  lowest in 6 filed years

• Net assets

  -1,458.5%

  £54,561 → -£741,220

• Employees

  -11.6%

  69 → 61

• Operating profit

  +40.8%

  -£1,058,917 → -£627,055

• Profit before tax

  +27.5%

  -£1,212,585 → -£879,427

• Wages

  -9.2%

  £3,173,415 → £2,881,852

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

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realise continue to meet its liabilities in the normal course of business. ... However, the forecast indicates that, without additional funding, the Company will be unable to meet its liabilities as they fall due from May 2026. ... As a result, these conditions indicate that a material uncertainty exists which may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. WELCOME TO THE FOLD LIMITED · parent
   1. Welcome to the Fold Inc 100% · USA · to support the Group's US trading activities

Significant events

• “In April 2024, the business launched a second own store in the City of London. In April 2025, the business launched a second own store in the Royal Exchange in London.”
• “Late in the year ended 31 January 2025, the company launched a successful Convertible Loan Note round, securing £0.7M of funding from existing shareholders.”
• “A further £0.9M was raised in February 2025 and £0.1M in May 2025 from Convertible Loan Notes.”
• “The company introduced a new operating model in August 2025 via a new US subsidiary (incorporated 17th March 2025) to reduce and offset increased tariffs.”
• “Post year end, a further £1,986,145 of convertible loan notes were issued in February 2025, May 2025 and January 2026.”
• “The company took out a further amortising facility of £750,000 in February 2025, repaid by 20th November 2025.”
• “A further £322,000 amortising facility was taken out in July 2025, repaid by 24th December 2025.”
• “In February 2025, Juni Capital withdrew a £400,000 facility.”
• “Funding from Juice of £1,000,000 was secured in June 2025, a revolving facility for stock and marketing invoices.”
• “In March 2026, the directors initiated an accelerated process to identify a buyer for the Company and/or its trade and assets.”

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

Filings

19

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

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