TILLY'S COFFEE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-17 (in 11mo)
Last made up 2026-04-03
Watchouts
Cash
£107K
-79.6% lowest in 3 filed years
Net assets
-£2M
-43.6% lowest in 3 filed years
Employees
149
-3.9% lowest in 3 filed years
Profit before tax
-£651K
+11.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | £8,436,284 | £10,401,370 | £10,226,072 | |
| Operating profit | — | -£500,770 | -£99,146 | -£28,578 | |
| Profit before tax | — | -£407,113 | -£731,747 | -£650,805 | |
| Net profit | — | -£360,046 | -£725,724 | -£694,098 | |
| Cash | — | £464,505 | £526,506 | £107,192 | |
| Total assets less current liabilities | — | £5,589,096 | £4,657,349 | £3,963,251 | |
| Net assets | — | -£866,927 | -£1,592,651 | -£2,286,749 | |
| Equity | -£506,881 | -£866,927 | -£1,592,651 | -£2,286,749 | |
| Average employees | — | 159 | 155 | 149 | |
| Wages | — | £2,394,356 | £2,777,713 | £2,868,271 | |
| 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 2023-12-31
-
Turnover
-1.7%
£10,401,370 £10,226,072
-
Cash
-79.6%
£526,506 £107,192
lowest in 3 filed years
-
Net assets
-43.6%
-£1,592,651 -£2,286,749
lowest in 3 filed years
-
Employees
-3.9%
155 149
lowest in 3 filed years
-
Operating profit
+71.2%
-£99,146 -£28,578
highest in 3 filed years
-
Profit before tax
+11.1%
-£731,747 -£650,805
-
Wages
+3.3%
£2,777,713 £2,868,271
highest in 3 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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | -5.9% | -1.0% | -0.3% | |
| Net margin | — | -4.3% | -7.0% | -6.8% | |
| Return on capital employed | — | -9.0% | -2.1% | -0.7% | |
| Current ratio | — | — | 0.30x | 0.25x | |
| Interest cover | — | — | -0.16x | -0.05x |
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
- TILLY'S COFFEE LTD 2021-08-09 → present
- TILLY'S BAKERY LTD 2017-04-04 → 2021-08-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 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.”
Significant events
- “On 17th July 2025, the Group completed the acquisition of 21 stores from the QFM Group. In addition to this, there have been 2 further stores opened taking the total number of stores across the Sim Trava Group and its associated company to 80.”
- “In July 2025, in support of this growth, the Group's bankers agreed a new overall loan facility of £16.9m to consolidate the existing loans including a further £7.4m towards acquisitions and new store openings. The loans are amortised over 10 years.”
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 |
|---|---|---|---|---|
| CALLER, Sue | Secretary | 2017-04-04 | — | — |
| VARDY, Simon Mark | Director | 2017-04-04 | Oct 1969 | British |
| VARDY, Tracy Anne | Director | 2017-04-04 | Mar 1975 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sim Trava Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-01 | Active |
| North West Coffee Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-08-06 | Ceased 2024-10-01 |
| Sim Trava Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-04-04 | Ceased 2021-08-06 |
| Mr Simon Mark Vardy | Individual | right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2017-04-04 | Ceased 2017-04-04 |
| Mrs Tracy Anne Vardy | Individual | right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2017-04-04 | Ceased 2017-04-04 |
Filing timeline
Last 20 of 56 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-01 MA Memorandum articles
- 2025-05-19 RESOLUTIONS Resolution
- 2024-10-17 MA Memorandum articles
- 2024-10-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-09 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-07-01 | MA | incorporation | Memorandum articles | |
| 2025-05-19 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-17 | MA | incorporation | Memorandum articles | |
| 2024-10-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-25 | AA | accounts | Accounts with accounts type small | |
| 2023-06-26 | CH01 | officers | Change person director company with change date | |
| 2023-06-26 | CH01 | officers | Change person director company with change date | |
| 2023-06-26 | CH01 | officers | Change person director company with change date | |
| 2023-06-26 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.