PROJECT GLOW TOPCO LIMITED

• ◆

  8 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company and its subsidiaries have sufficient financial resources, together with forecast future cash flows to continue operations with the existing facilities in place. The Company has received written confirmation of financial support from other group companies as required. As a consequence, the directors believe that the Company and the Group are well placed to manage the business risks successfully. Based on these factors the directors have produced these accounts on a going concern basis.”

Group structure

1. PROJECT GLOW TOPCO LIMITED · parent
   1. Project Glow Midco Limited 1% · UK
   2. Project Glow Bidco Limited 1% · UK
   3. The Beauty Tech Group Limited 1% · UK
   4. Aesthete Holding Corporation 1% · US
   5. ZIIP Inc 1% · US
   6. The Beauty Tech Group B.V (formerly Currentbody B.V.) 1% · Netherlands
   7. The Beauty Tech Group LLC (formerly Currentbody LLC) 1% · US
   8. Glow Services HK Limited (formerly Currentbody.com HK Limited) 1% · Hong Kong
   9. CBT At-Home Beauty Holdings PTE 1% · Singapore
   10. CBT At-Home Beauty (Shanghai) Ltd 1% · China
   11. The Beauty Tech Group Japan Godo Kaisha 1% · Japan
   12. CURRENTBODY SKIN LTD 1% · UK
   13. Tria Laser Inc 1% · US

Significant events

• “Subsequent to the year end, a baseline 10% tariff on almost all foreign imports to the US has been introduced, with significantly higher tariffs being imposed on imports from some countries, most notably China. The UK and other governments are responding by seeking to negotiate trade deals, whilst other nations have imposed their own retaliatory tariffs. Faced with uncertainty the directors have taken prompt steps to reduce the groups exposure to the US tariffs.”
• “The group has successfully completed a refinancing arrangement with Santander subsequent to the year end, which has improved the group's liquidity position.”
• “In addition an adjustment of £1.8m has been made to the contingent consideration provision in relation to the acquisition of ZIIP Inc in April 2022 (see note 27). Management have revised their estimate of the consideration due, based upon their expectations of the targets that will be met.”

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

Filings

20

last 12 months

Capital events

6

last 24 months

Officers appointed

1

last 12 months

Officers resigned

8

last 12 months

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