S&PB RETAIL LIMITED

• ⚠

  Material uncertainty over going concern

  The company's forecasts are sensitive to reasonably possible changes in consumer demand, costs and other possible cash outflows and that current economic conditions could impact on the future trading performance of the company and the company's main supplier upon which the company relies. As stated in note 1.2, these events or conditions, along with other matters as set forth in note 1.2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The relationship with its main supplier remains strong, therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

• ◆

  Audit opinion: Qualified

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -4.4%

  £42,988,777 → £41,118,411

• Cash

  +13.3%

  £265,528 → £300,809

• Net assets

  -139.9%

  -£483,701 → -£1,160,617

• Employees

  -0.3%

  972 → 969

• Operating profit

  -239.7%

  £463,261 → -£647,280

• Profit before tax

  -246.1%

  £463,261 → -£676,916

• Wages

  +7.8%

  £14,267,779 → £15,380,359

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. S&PB RETAIL LIMITED 2020-05-18 → present
2. SAYERS AND POUNDBAKERY RETAIL LIMITED 2020-04-24 → 2020-05-18

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Xeinadin Audit Limited

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“The company's forecasts are sensitive to reasonably possible changes in consumer demand, costs and other possible cash outflows and that current economic conditions could impact on the future trading performance of the company and the company's main supplier upon which the company relies. As stated in note 1.2, these events or conditions, along with other matters as set forth in note 1.2, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The relationship with its main supplier remains strong, therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Rising wage and material costs.”
• “Geopolitical instability, particularly the war in Ukraine.”
• “Post-pandemic Recovery - The pandemic has drastically altered customer behaviour and the high street retail environment, leading to reduced footfall, and changing spending patterns.”
• “Closure of under performing stores.”
• “Focus on opening new outlets in high-growth areas.”
• “Location support via landlords.”
• “Enhancing breakfast menu options.”
• “Extending store hours to increase market share.”
• “Investment in products to match the best in market but at a cheaper price.”
• “Upgrading IT systems for greater operational efficiency and data management.”
• “Upgrading bakery infrastructure to improve efficiency of the cooking process.”
• “Applying targeted price increases to safeguard margins whilst remaining competitive.”
• “experimented with new ovens to minimise environmental impact and introduced a targeted waste reduction program.”
• “On 30 April 2024, the company received £500,000 in compensation following a landlord's decision to terminate a lease agreement early, as the building was scheduled for demolition. The lease surrender was initiated by the landlord and resulted in a one-off receipt.”

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

Filings

7

last 12 months

Capital events

0

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.