FLOUR POWER GROUP LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

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. FLOUR POWER GROUP LIMITED 2019-02-28 → present
2. PIPPEN TOPCO LIMITED 2019-02-13 → 2019-02-28

Accounting basis

FRS 102

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Kilsby & Williams LLP

Audit opinion

Qualified

Going concern

Affirmed

“The directors have prepared the financial statements on a going concern basis. In reaching this conclusion, the directors have reviewed the group's current trading performance, cash flow forecasts to December 2028, available banking and commercial facilities, and the continued support of its primary shareholder. Having completed this assessment and taking into account the actions taken after the period end and the funding arrangements in place, the directors are satisfied that the group has access to sufficient resources to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements.”

Group structure

1. FLOUR POWER GROUP LIMITED · parent
   1. Flour Power Holdco Limited 100% · England and Wales · Holding company
   2. Flour Power Holdco 2 Limited 100% · England and Wales · Property company
   3. Flour Power Marketing Limited 100% · England and Wales · Marketing services
   4. Patisserie Valerie Production Limited 100% · England and Wales · Bakery
   5. Cakeco 11652 Limited 100% · England and Wales · Café & Patisserie

Significant events

• “The financial year ended 29 December 2024 was one of stabilization and move towards growth. Building on the previous year's foundation, the company has taken significant steps to simplify operations, improve efficiency, and reposition the brand for long-term, sustainable growth.”
• “Subsequent to the year end the group has repaid its £1.25m loan facility to external lenders, utilising the business interruptions insurance claim relating to COVID-19 along with a working capital facility from its online retailer, which is repaid from future sales receipts.”
• “On 17 January 2024 the decision to wind down the operations of Patisserie Valerie Stores Limited formed part of a wider strategic restructing plan undertaken by the Group to streamline operations, reduce costs and focus on core business segments with stronger long-term growth potential.”
• “At the year end the group was in the process of filing a business interruption claim with its insurers in relation to COVID-19. Post year end the group has agreed and received a settlement of £750,000, which will be recognised at the point the agreement was signed.”

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

Filings

12

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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.