SIERE TRADING LTD

• ⚠

  Material uncertainty over going concern

  We draw attention to the going concern disclosure within note 2 in the financial statements, which indicates that the Group's brand licence, which is critical to its operations and revenue generation, expired after the reporting date and has not been renewed or replaced as at the date of this report. This condition, along with other matters set out in the going concern note, indicates that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern.

• ◆

  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

  -10%

  £30,196,032 → £27,161,925

• Cash

  +4.2%

  £1,844,968 → £1,922,092

• Net assets

  -37.8%

  £1,853,971 → £1,153,481

• Employees

  0%

  38 → 38

• Operating profit

  -134.2%

  £1,083,069 → -£370,752

• Profit before tax

  -139.9%

  £1,039,738 → -£415,015

• Wages

  +27%

  £2,581,900 → £3,279,695

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

Brebners

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw attention to the going concern disclosure within note 2 in the financial statements, which indicates that the Group's brand licence, which is critical to its operations and revenue generation, expired after the reporting date and has not been renewed or replaced as at the date of this report. This condition, along with other matters set out in the going concern note, indicates that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. SIERE TRADING LTD · parent
   1. Sempra International Trading B.V. 100% · The Netherlands · wholesale trade and online business of clothing and accessories
   2. SIA International Trading Limited 100% · USA · wholesale trade and online business of clothing and accessories

Significant events

• “The Group's licensing agreement with DVF concluded on 31 January 2025. This development led to a reduction in sales orders and the incurrence of certain exceptional costs associated with the transition.”
• “The Group's brand licence agreement, which is fundamental to its business operations and revenue generation, expired on 31 January 2025. As at the date of approval of these financial statements the licence has not been renewed or replaced and the directors are actively seeking a new brand licence agreement.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.