REVOLUTION BEAUTY LABS LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors of the Company have prepared the Financial Statements on a going concern basis which assumes the Company will be able to meet its future obligations as they fall due for period of at least 12 months from the date of the approval of these financial statements, and the Company will settle all payments within the agreed terms. However, the Directors note that a material uncertainty exists that may cast significant doubt over the Company's ability to continue as a going concern as further detailed in note 1 to the financial statements. The Company is reliant on financial and other support from its ultimate parent and other group entities in order to meet its obligations and the Directors have received written confirmation from Revolution Beauty Group Plc, (the ultimate parent undertaking) that it will support the Company with financial and other resources as necessary such that the Company can meet its financial obligations as they fall due. Furthermore, the parent undertaking has confirmed that it will not seek the repayments of amounts advanced to the Company by the ultimate parent undertaking and/or other members of the ultimate parent undertaking's group unless sufficient financing to meet its obligations as they fall due has been secured by the Company. This written support is available for at least 12 months from the date of approval of these financial statements. Details of the assessment and the material uncertainty remaining is as follows. Material Uncertainty in the Group and Parent Company: As disclosed in its Annual Report and Accounts for the year ended 28 February 2025 the Group has updated its base case forecast for the period through to September 2026 and has been extended to December 2026 for the purpose of the subsidiaries' financial statements to reflect the management team's latest expectations. Management of the parent company determined that the period to December 2026 was the relevant period over which to consider the Group's performance for the assessment of going concern of the group accounts and therefore forecast operational and financial performance over that period. Twelve months was selected as the going concern period for the Group and Parent Company because forecasting over that period is the most accurate, the further out the forecast, the greater likelihood of volatility. One of the material uncertainties disclosed relating to the going concern of the parent is still present and is relevant to the going concern of the company, as it is reliant on the ultimate parent for support. This material uncertainty is the ability to comply with the financial covenants related to the revolving credit facility ("RCF").

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

  +14.4%

  £9,057,616 → £10,360,924

• Cash

  -48.4%

  £179,072 → £92,347

  lowest in 4 filed years

• Net assets

  +5%

  £11,326,259 → £11,888,245

  highest in 4 filed years

• Employees

  +9.3%

  107 → 117

• Operating profit

  +1,041.2%

  £49,569 → £565,692

• Profit before tax

  +2,041.3%

  -£28,549 → £554,232

  first positive since 2024

• Wages

  +9.2%

  £2,498,044 → £2,727,026

  highest in 4 filed years

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.

1. REVOLUTION BEAUTY LABS LIMITED 2025-12-17 → present
2. REVOLUTION BEAUTY QB LIMITED 2024-07-08 → 2025-12-17
3. REVOLUTION BEAUTY LABS LTD 2021-11-16 → 2024-07-08
4. MEDICHEM MANUFACTURING LTD 2015-12-14 → 2021-11-16

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors of the Company have prepared the Financial Statements on a going concern basis which assumes the Company will be able to meet its future obligations as they fall due for period of at least 12 months from the date of the approval of these financial statements, and the Company will settle all payments within the agreed terms. However, the Directors note that a material uncertainty exists that may cast significant doubt over the Company's ability to continue as a going concern as further detailed in note 1 to the financial statements. The Company is reliant on financial and other support from its ultimate parent and other group entities in order to meet its obligations and the Directors have received written confirmation from Revolution Beauty Group Plc, (the ultimate parent undertaking) that it will support the Company with financial and other resources as necessary such that the Company can meet its financial obligations as they fall due. Furthermore, the parent undertaking has confirmed that it will not seek the repayments of amounts advanced to the Company by the ultimate parent undertaking and/or other members of the ultimate parent undertaking's group unless sufficient financing to meet its obligations as they fall due has been secured by the Company. This written support is available for at least 12 months from the date of approval of these financial statements. Details of the assessment and the material uncertainty remaining is as follows. Material Uncertainty in the Group and Parent Company: As disclosed in its Annual Report and Accounts for the year ended 28 February 2025 the Group has updated its base case forecast for the period through to September 2026 and has been extended to December 2026 for the purpose of the subsidiaries' financial statements to reflect the management team's latest expectations. Management of the parent company determined that the period to December 2026 was the relevant period over which to consider the Group's performance for the assessment of going concern of the group accounts and therefore forecast operational and financial performance over that period. Twelve months was selected as the going concern period for the Group and Parent Company because forecasting over that period is the most accurate, the further out the forecast, the greater likelihood of volatility. One of the material uncertainties disclosed relating to the going concern of the parent is still present and is relevant to the going concern of the company, as it is reliant on the ultimate parent for support. This material uncertainty is the ability to comply with the financial covenants related to the revolving credit facility ("RCF").”

Significant events

• “Subsequent to the year end the Revolution Beauty Group Plc, the Ultimate Parent, announced an equity raise, made up of a Placing and a Subscription, which resulted in proceeds of approximately £16.5m being receivable. The Placing and Subscription Shares in aggregate represent approximately 56.50% of the existing issued ordinary share capital of the Ultimate Parent and the Issue Price represents a discount of approximately 14.16% to the closing mid-market price of 3.50 pence per Existing Ordinary Share on 21 August 2025, being the date of the announcement. Alongside the announcement of this equity raise, the Group announced the amendment and extension of the terms of its Revolving Credit Facility ("RCF"), as set in out in the Going Concern Disclosure in Note 1. The group further announced the appointment of Tom Allsworth as CEO and the resignation of Colin Henry as Interim CEO.”

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

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.