CUBITTS KX LIMITED
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2027-01-18 (in 8mo)
Last made up 2026-01-04
Watchouts
Cash
£487K
+5.9% vs 2023
Net assets
-£651K
+62.5% vs 2023
Employees
140
+13.8% highest in 5 filed years
Profit before tax
£191K
+84.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £12,375,545 | £14,602,454 | |
| Operating profit | — | — | — | £155,380 | £319,486 | |
| Profit before tax | — | — | — | £103,357 | £190,646 | |
| Net profit | — | — | — | £103,357 | £190,646 | |
| Cash | £638,891 | £982,140 | £472,070 | £460,093 | £487,401 | |
| Total assets less current liabilities | £2,423,094 | £2,554,013 | £3,166,107 | £3,260,362 | £471,255 | |
| Net assets | -£240,673 | -£1,276,142 | -£1,305,908 | -£1,734,182 | -£651,026 | |
| Equity | -£240,673 | -£1,276,142 | -£1,305,908 | -£1,734,182 | -£651,026 | |
| Average employees | 93 | 93 | 93 | 123 | 140 | |
| Wages | — | — | — | £3,490,495 | £4,322,325 | |
| Directors' remuneration | — | — | — | £101,582 | £109,950 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-03-31 vs 2023-03-31
-
Turnover
+18%
£12,375,545 £14,602,454
-
Cash
+5.9%
£460,093 £487,401
-
Net assets
+62.5%
-£1,734,182 -£651,026
-
Employees
+13.8%
123 140
highest in 5 filed years
-
Operating profit
+105.6%
£155,380 £319,486
-
Profit before tax
+84.5%
£103,357 £190,646
-
Wages
+23.8%
£3,490,495 £4,322,325
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 1.3% | 2.2% | |
| Net margin | — | — | — | 0.8% | 1.3% | |
| Return on capital employed | — | — | — | 4.8% | 67.8% | |
| Gearing (liabilities / total assets) | — | — | — | 132.3% | 111.1% | |
| Current ratio | — | — | — | 0.66x | 0.71x | |
| Interest cover | — | — | — | 2.99x | 2.40x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- HaysMac LLP
- Audit opinion
- Qualified
- 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.”
Group structure
- CUBITTS KX LIMITED · parent
- Cubitts King's Cross Limited 100%
- Cubitts Southwark Limited 100%
- Cubitts St James's Limited 100%
Significant events
- “Opening a new retail site at Broadway Market in Hackney, London, in the Grade II listed former premises of F. Cooke.”
- “Solidifying our ongoing commercial partnership with ZEISS, bringing almost all glazing in-house via our state-of-the-art glazing lab in King's Cross, London.”
- “Continuing our technology transformation - investing in our technology stack via an improved eCommerce platform and support systems.”
- “In FY25, Cubitts opened two additional stores in the UK (in July and November 2024) and two new stores in the US (in April and November 2024).”
- “Furthermore, we launched our new website in late 2024, enhancing our digital presence.”
- “In FY25, the company signed lease agreements for two additional stores in the UK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROUGHTON, Thomas Edward | Director | 2012-10-15 | Sep 1981 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARSHALL, Paul Christopher | Director | 2012-10-15 | 2014-07-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cubitts Kx Group Ltd | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-05-18 RESOLUTIONS Resolution
- 2021-05-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-04-05 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-31 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-05-18 | RESOLUTIONS | resolution | Resolution | |
| 2021-05-17 | MA | incorporation | Memorandum articles | |
| 2021-04-15 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-02-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-02-20 | CH01 | officers | Change person director company with change date | |
| 2020-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-20 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- 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.