CONILON LTD
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2027-05-08 (in 1y)
Last made up 2026-04-24
Watchouts
Cash
£1M
+43.9% vs 2022
Net assets
£6M
+59.4% highest in 4 filed years
Employees
497
+12.4% highest in 4 filed years
Profit before tax
-£7M
+39.2% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
Net assets
5-year trend · vs Consumer Staples median
Accounts
5-year trend · latest reflected 2023-12-31
| Metric | Trend | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £21,348,236 | £32,415,228 | |
| Operating profit | — | — | — | -£11,590,176 | -£7,316,930 | |
| Profit before tax | — | — | — | -£12,228,670 | -£7,433,860 | |
| Net profit | — | -£7,110,373 | -£2,828,803 | -£12,228,670 | -£7,433,860 | |
| Cash | — | £3,267,433 | £1,567,807 | £715,977 | £1,030,441 | |
| Total assets less current liabilities | — | — | — | £4,977,379 | £16,316,040 | |
| Net assets | — | £2,222,792 | £5,242,553 | £3,705,857 | £5,906,196 | |
| Equity | £6,103,649 | £2,222,792 | £5,242,553 | £3,705,857 | £5,906,196 | |
| Average employees | — | 0 | 0 | 442 | 497 | |
| Wages | — | — | — | £8,032,064 | £10,133,850 | |
| Directors' remuneration | — | — | — | £369,183 | £416,374 |
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+51.8%
£21,348,236 £32,415,228
-
Cash
+43.9%
£715,977 £1,030,441
-
Net assets
+59.4%
£3,705,857 £5,906,196
highest in 4 filed years
-
Employees
+12.4%
442 497
highest in 4 filed years
-
Operating profit
+36.9%
-£11,590,176 -£7,316,930
-
Profit before tax
+39.2%
-£12,228,670 -£7,433,860
-
Wages
+26.2%
£8,032,064 £10,133,850
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 | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -54.3% | -22.6% | |
| Net margin | — | — | — | -57.3% | -22.9% | |
| Return on capital employed | — | — | — | -232.9% | -44.8% | |
| Gearing (liabilities / total assets) | — | — | — | 79.3% | 73.6% | |
| Current ratio | — | — | — | 0.34x | 0.56x | |
| Interest cover | — | — | — | -43.31x | -39.27x |
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
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The group and the parent company have continued to incur losses and are anticipated to continue to incur losses... Given the liquidity raised post period-end, strong trading performance and downside sensitivities, the directors consider that the group has sufficient headroom to continue to trade for a period of twelve months from when the financial statements were approved. Accordingly, the directors have continued to adopt the going concern basis in preparing these financial statements.”
Group structure
- CONILON LTD · parent
- Black Sheep Coffee Limited 100%
- Black Sheep Coffee Franchising Limited 100%
- Black Sheep Coffee Shops Limited 100%
- Black Sheep Coffee Kiosks Limited 100%
- Black Sheep Coffee Manchester Limited 100%
- Leave The Herd Behind Limited 100%
- Black Sheep Coffee Cafes Limited 100%
- Black Sheep Coffee Oxford Limited 100%
- Black Sheep Coffee Bar Limited 100%
- Black Sheep Coffee Stores Limited 100%
- Black Sheep Coffee Trading Limited 100%
- Black Sheep Coffee Outlets Limited 100%
- Black Sheep Coffee Beans Limited 100%
- Black Sheep Coffee House Limited 100%
- Black Sheep Coffee Venue Limited 100%
- Black Sheep Coffee Retail Limited 100%
- Black Sheep Coffee Enterprises Limited 100%
- Loch Real Estate Limited 100%
- Black Sheep Coffee Inc 100%
- Black Sheep Coffee Franchising LLC 100%
- Black Sheep Coffee LLC 100%
- Black Sheep Coffee Dallas LLC 100%
- Black Sheep Coffee Austin LLC 100%
- Black Sheep Coffee Phoenix LLC 100%
- Black Sheep Coffee Miami LLC 100%
Significant events
- “On 8 February 2024, the parent company issued 2,670 A Ordinary shares at £0.01 each at £500.00 per share. On 25 April 2024, 287 A Ordinary shares were issued at £0.01 each at £500.00 per share. In May 2024, the parent company entered a loan agreement with YouLend, obtaining additional financing of £1,000,000. Through June, July and August 2024, the parent company entered into shareholder loan agreements, obtaining additional financing of £2,407,675.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLTH, Eirik | Director | 2013-08-27 | Dec 1987 | British |
| PEARSON, David Russell | Director | 2021-07-01 | Jul 1964 | British |
| SCHULTZ, William | Director | 2019-07-01 | Oct 1961 | American |
| SHOHET, Gabriel | Director | 2013-08-27 | Mar 1986 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CAULTON, Henry | Director | 2021-11-10 | 2022-06-30 |
| MEYER-DUBIEL, Maximilian | Director | 2013-08-27 | 2015-06-30 |
| SCHRAM, Jacob | Director | 2019-07-01 | 2021-08-17 |
| STEC, Serge Stanislas | Director | 2019-07-01 | 2021-06-30 |
| STERNHEIMER, Philip | Director | 2022-07-01 | 2024-06-30 |
| WILHELMSEN, Anders Christian | Director | 2013-08-27 | 2014-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Eirik Holth | Individual | Voting 25–50% | 2016-04-06 | Active |
| Mr Gabriel Shohet | Individual | Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 187 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-02 | SH01 | capital | Capital allotment shares | |
| 2026-04-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-13 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-28 | RP01SH01 | miscellaneous | Legacy | |
| 2025-11-21 | SH01 | capital | Capital allotment shares | |
| 2025-11-19 | CH01 | officers | Change person director company with change date | |
| 2025-09-17 | SH01 | capital | Capital allotment shares | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-24 | SH01 | capital | Capital allotment shares | |
| 2025-03-29 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-03-26 | AA | accounts | Accounts with accounts type group | |
| 2025-03-04 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-01-17 | SH01 | capital | Capital allotment shares | |
| 2024-09-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-18 | SH01 | capital | Capital allotment shares | |
| 2024-09-18 | SH01 | capital | Capital allotment shares | |
| 2024-07-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 8
- 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.