THOM SWEENEY RETAIL LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-11 (in 6mo)
Last made up 2025-10-28
Watchouts
Cash
£792K
-31.7% vs 2023
Net assets
£4M
+1.4% highest in 6 filed years
Employees
32
+39.1% highest in 6 filed years
Profit before tax
-£1M
-293.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-11-30 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,549,683 | £14,917,115 | |
| Operating profit | — | — | — | — | -£238,062 | -£1,067,226 | |
| Profit before tax | — | — | — | — | -£298,480 | -£1,175,309 | |
| Net profit | — | — | — | — | -£255,727 | -£1,039,302 | |
| Cash | £4,920 | £809,493 | £798,189 | £248,236 | £1,159,203 | £791,537 | |
| Total assets less current liabilities | £712,799 | £3,466,360 | £3,021,432 | £2,162,092 | £4,565,638 | £4,261,078 | |
| Net assets | £499,989 | £2,419,773 | £2,121,993 | £1,465,247 | £4,087,606 | £4,144,412 | |
| Equity | £499,989 | £2,419,773 | £2,121,993 | £1,465,247 | £4,087,606 | £4,144,412 | |
| Average employees | 13 | 16 | 16 | 17 | 23 | 32 | |
| Wages | — | — | — | — | £1,686,551 | £2,194,275 | |
| Directors' remuneration | — | — | — | — | £326,667 | £255,885 |
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 2023-12-31
-
Turnover
+29.2%
£11,549,683 £14,917,115
-
Cash
-31.7%
£1,159,203 £791,537
-
Net assets
+1.4%
£4,087,606 £4,144,412
highest in 6 filed years
-
Employees
+39.1%
23 32
highest in 6 filed years
-
Operating profit
-348.3%
-£238,062 -£1,067,226
-
Profit before tax
-293.8%
-£298,480 -£1,175,309
-
Wages
+30.1%
£1,686,551 £2,194,275
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 | 2019-11-30 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -2.1% | -7.2% | |
| Net margin | — | — | — | — | -2.2% | -7.0% | |
| Return on capital employed | — | — | — | — | -5.2% | -25.0% | |
| Current ratio | — | — | — | — | 1.92x | 1.51x | |
| Interest cover | — | — | — | — | -2.36x | -7.24x |
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
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- FLB Audit LLP
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The Group is investor-backed with a strong history of fundraising, in addition, the Group has receivables purchase facilities in place, should it require additional liquidity. The Group has established a formidable market presence and with the strategic changes implemented, it is now able to deliver strong margins and has a solid route to profitability. Whilst there remains uncertainty in the macroeconomic environment, the Group considers it has sufficient liquidity and is well placed to continue, with the availability of receivable purchase facilities, in its strategic goal of strengthening the Thom Sweeney brand and its positioning in the modern luxury retail market.”
Group structure
- THOM SWEENEY RETAIL LTD · parent
- Thom Sweeney Broadway Inc 100%
- Thom Sweeney Miami Inc 100%
- Thom Sweeney Los Angeles Inc 100%
Significant events
- “During 2025 the Group opened a boutique in Miami extending its presence in the US and serving an increasingly international client base.”
- “For 2026, plans are under way to relocate the New York store from West Broadway to Madison Avenue, a site better aligned with the brand's positioning and client profile.”
- “On 31 December 2024, Thom Sweeney Retail Ltd passed a written resolution to redesignate a portion of the majority shareholders' ordinary shares to preference shares.”
- “On 2 February 2025, there was a transfer between shareholders, comprising both existing and new minority shareholders.”
- “On 14 January 2025, the group incorporated two new subsidiaries based in the US.”
- “On 26 February 2025, Thom Sweeney Retail Ltd undertook a reversionary lease for one of the existing UK stores located at 24C Old Burlington Street and Vaults, expiring 23 June 2035.”
- “On 12 March 2025, Thom Sweeney NYC Inc undertook a new lease agreement for a US store located at 761 Madison Avenue, New York expiring 30 September 2036.”
- “On 1 September 2025, Thom Sweeney Retail Ltd entered into a further receivables purchase agreement securing a part of all its present and future receivables to the purchaser for a termination amount of £669,000.”
- “On 12 September 2025, Thom Sweeney Broadway Inc entered into a further receivables purchase agreement securing a part of all its present and future receivables to the purchaser for a termination amount of $640,000.”
- “On 24 September 2025, Thom Sweeney Retail Ltd entered into a revised trade finance agreement increasing the trade facility limits to £1,500,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATTIA, Daniel | Director | 2020-02-06 | Dec 1989 | British |
| IRWIN, Jake William Hogarth | Director | 2023-06-19 | Feb 1975 | British |
| LLOYD, April Isadora | Director | 2025-08-13 | Jan 1982 | British |
| SWEENEY, Luke Henry | Director | 2014-10-22 | May 1979 | British |
| WHIDDETT, Thomas | Director | 2018-06-11 | Apr 1980 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHALFEN SECRETARIES LIMITED | Corporate Secretary | 2014-10-22 | 2014-10-22 |
| DORFMAN, Lloyd Marshall, Sir | Director | 2020-02-06 | 2023-06-19 |
| PURDON, Jonathan Gardner | Director | 2014-10-22 | 2014-10-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Thomas Whiddett | Individual | Shares 25–50%, Voting 25–50% | 2016-10-22 | Active |
| Mr Luke Henry Sweeney | Individual | Shares 25–50%, Voting 25–50% | 2016-10-22 | Active |
Filing timeline
Last 20 of 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-03 RESOLUTIONS Resolution
- 2026-01-03 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-03 | MA | incorporation | Memorandum articles | |
| 2025-12-31 | AA | accounts | Accounts with accounts type group | |
| 2025-12-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-09 | CH01 | officers | Change person director company with change date | |
| 2025-12-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-07 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-06 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-15 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-06-19 | CH01 | officers | Change person director company with change date | |
| 2023-12-08 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-12-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-17 | CH01 | officers | Change person director company with change date | |
| 2022-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-03-02 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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.