PAPIER LTD

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

• Turnover

  +17.9%

  £27,067,682 → £31,903,310

• Cash

  -61.5%

  £7,411,795 → £2,850,129

• Net assets

  -118.3%

  £3,511,931 → -£640,928

• Employees

  -4.1%

  98 → 94

• Operating profit

  +43%

  -£6,577,673 → -£3,751,077

• Profit before tax

  +34.8%

  -£6,518,052 → -£4,247,054

• Wages

  -0.3%

  £6,089,704 → £6,068,670

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

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

Consolidated group

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of this assessment, the directors have reasonable expectation that the Group will be able to continue in operational existence for the foreseeable future, which is at least 12 months after the date that these financial statements are signed. Therefore it is appropriate to continue to adopt the going concern basis in the preparation of these financial statements.”

Group structure

1. PAPIER LTD · parent
   1. Papier Inc 100% · USA · Retail of stationery, photo and related lifestyle products

Significant events

• “The Group enters FY26 with a strengthened foundation and a clear path toward sustainable profitability. The strategic focus remains on expanding product and category range, particularly in photo categories and more generally in the United States, investing in brand awareness, and broadening the Group's sales channels.”
• “Liquidity has been reinforced through amendments to existing financing arrangements, providing additional headroom to fund growth initiatives.”
• “Mr J A Uzan was appointed as a director after 3 May 2025 büt prior to the date of this report.”
• “During the year the group made charitable donations amounting to £4,703 to support a variety of causes.”
• “In December 2022, the company signed a commitment for a £9.5m senior secured venture debt facility. In March 2024, the company drew down £5m of the loan, and rescinded the balance.”
• “In May 2025, management arranged to refinance the debt with the lender, agreeing to an extension of the interest-only repayment period for a further 6 months from June 2025 to October 2025. From November 2025 onwards, the Company will revert to capital and interest repayments for the remaining 16 months of the loan term.”
• “Prior to the signing of these financial statements, management signed a 5-year operating lease agreement for new office premises, commencing in March 2026.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.