CUBITTS KX LIMITED

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  Negative shareholders' funds

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

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

Affirmed

“Based on this review, the director has a reasonable expectation that the Company has adequate resources to continue operating for the foreseeable future and have therefore prepared the financial statements on a going concern basis. The assessment confirms that no such material uncertainties exist.”

Group structure

1. CUBITTS KX LIMITED · parent
   1. Cubitts King's Cross Limited 100% · England, N7 9QH · Non-trading entity
   2. Cubitts Southwark Limited 100% · England, N7 9QH · Dormant entity
   3. Cubitts St James's Limited 100% · England, N7 9QH · Dormant entity

Significant events

• “Most notably, we opened our first stores outside the warm but grey womb of the United Kingdom, with two sites in New York City; Cubitts SoHo and Cubitts West Village.”
• “Establishing Cubitts Inc., our first international subsidiary, and opening two physical retail sites in New York City.”
• “Strengthening our commercial partnership with ZEISS, while bringing almost all glazing in-house via our glazing lab in King's Cross, London.”
• “Continuing our technology transformation through investment in our ecommerce platform and operational support systems.”
• “Rolling out the latest version of our Made-to-Measure technology; using scanning, parametric fitting, Al (the artist formerly known as machine learning), and CNC machining to advance the way spectacles are chosen, designed, made and owned.”
• “The Company remained focused on stabilising performance through operational effectiveness, prioritizing organic development in the UK while continuing to assess opportunities in the US.”
• “In the subsequent year to 31 March 2026, Cubitts did not open any new stores, instead prioritising the optimisation and performance of its existing estate across the UK and US. Following the late 2024 launch of the new website, the Company continued to develop its digital platform and customer proposition with a service- and experience-led focus.”
• “Since the end of the financial year, the company has signed lease agreements for two additional stores - Manchester in the UK and Dublin in the EU, both opening later in the summer of 2026.”
• “The company has also taken two leases on operational spaces to open in the coming months, strengthening its long-term ambitions. This includes a standalone space of over 13,000 square feet on Blundell Street, London, realising the ambition to have the best spectacle making lab facility in London and 2,000 square feet of space in Brooklyn designed to support US fulfillment and serve as New York's only spectacle-making facility.”

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.