COOLSILK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-24 (in 7mo)
Last made up 2025-12-10
Watchouts
None on the register
Cash
£58K
Latest balance sheet
Net assets
£9M
lowest in 3 filed years
Employees
45
Average over period
Profit before tax
-£2M
Period ending 2024-12-31
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £3,261,438 | £2,719,389 | |
| Operating profit | -£11,588,317 | — | — | — | -£1,398,195 | -£206,301 | |
| Profit before tax | -£14,118,981 | — | — | — | £800,537 | -£1,609,584 | |
| Net profit | £0 | -£44,946,519 | £0 | — | £800,537 | -£1,609,584 | |
| Cash | — | — | — | — | £89,259 | £57,830 | |
| Total assets less current liabilities | £61,202,328 | — | — | — | £21,602,367 | £20,836,678 | |
| Net assets | — | — | — | — | £10,787,672 | £9,178,088 | |
| Equity | £61,202,328 | — | — | -£51,194,575 | £10,787,672 | £9,178,088 | |
| Average employees | 213 | 2 | 2 | — | 285 | 45 | |
| Wages | — | £0 | £0 | — | £2,139,595 | £1,236,072 | |
| Directors' remuneration | — | — | — | — | — | — |
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 2024-12-31 vs 2023-06-30
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -42.9% | -7.6% | |
| Net margin | — | — | — | — | 24.5% | -59.2% | |
| Return on capital employed | -18.9% | — | — | — | -6.5% | -1.0% | |
| Current ratio | — | — | — | — | 0.64x | 1.51x | |
| Interest cover | — | — | — | — | -4.03x | -0.14x |
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 1 time since incorporation
- COOLSILK LIMITED 2014-04-17 → present
- COOLSILK PROPERTY AND INVESTMENT LIMITED 2013-12-10 → 2014-04-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- UHY Hacker Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- COOLSILK LIMITED · parent
- Coolfun Limited 100%
- Coolsilk Property & Investment Limited 100%
Significant events
- “The directors sold the group's shareholding in Scunthorpe United Football Club Limited on 25 January 2023 for £3 and continued to work on the disposal of the Scunthorpe United asset which completed on 1 December 2023 for £3m.”
- “The development of a hotel in the Palatine building is still ongoing and will bring considerable value enhancement for the shareholders. The shell and core works have been completed but there are still some major snagging issues that need resolving before fit out works are commenced. There is an ongoing legal dispute regarding the shell and core works.”
- “The first floor lease for The Showtime Museum was completed in August 2020 and the first stage of their fit out works completed on 14 March 2023. The Museum opened to the public on 15 March 2024. The museum rental payments commenced in August 2023 following a 2 year rent free period.”
- “Coolfun Limited continues to trade the Wild West Diner ("WWD") and the Spyglass bar on the Promenade. A Management Company operated both venues from the 28 February 2023 until 17 December 2023 after which the venue operation was taken back in house.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SWANN, Karin Louise | Secretary | 2013-12-10 | — | — |
| SWANN, Karin Louise | Director | 2013-12-10 | May 1964 | British |
| SWANN, Peter Dennis | Director | 2013-12-10 | Oct 1963 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter Dennis Swann | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust | 2016-04-06 | Active |
| Mrs Karin Louise Swann | Individual | ownership-of-shares-50-to-75-percent-as-trust, voting-rights-50-to-75-percent-as-trust | 2016-04-06 | Active |
| Mr Christopher Swann | Individual | ownership-of-shares-25-to-50-percent-as-trust, voting-rights-25-to-50-percent-as-trust | 2016-04-06 | Active |
| Mrs Barbara Ellison Wilkinson | Individual | ownership-of-shares-50-to-75-percent-as-trust, voting-rights-50-to-75-percent-as-trust | 2016-04-06 | Active |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | AA | accounts | Accounts with accounts type group | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-26 | AA01 | accounts | Change account reference date company current extended | |
| 2024-03-28 | AA | accounts | Accounts with accounts type group | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-03 | AA | accounts | Accounts with accounts type group | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-31 | AA | accounts | Accounts with accounts type group | |
| 2021-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-12-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-06-29 | AA | accounts | Accounts with accounts type group | |
| 2020-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-03-31 | AA | accounts | Accounts with accounts type group | |
| 2019-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2019-03-28 | AA | accounts | Accounts with accounts type group | |
| 2018-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.