JAMES JOHNSTON & CO. OF ELGIN LIMITED
Trading as Johnstons of Elgin, the business is a Scottish manufacturer, wholesaler, and retailer of cashmere clothing, accessories, and woven textiles.
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Cash
£13M
+23.7% vs 2024
Net assets
£59M
+4.5% vs 2024
Employees
1,092
-7.8% vs 2024
Profit before tax
£4.1M
+1,438.7% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £94,174,000 | £88,996,000 | -5.5% | |
| Operating profit | £148,000 | £4,357,000 | +2,843.9% | |
| Profit before tax | -£305,000 | £4,083,000 | +1,438.7% | |
| Net profit | -£538,000 | £2,959,000 | +650% | |
| Cash | £10,540,000 | £13,034,000 | +23.7% | |
| Total assets less current liabilities | £58,666,000 | £61,323,000 | +4.5% | |
| Net assets | £56,699,000 | £59,241,000 | +4.5% | |
| Equity | £56,699,000 | £59,241,000 | +4.5% | |
| Average employees | 1,185 | 1,092 | -7.8% | |
| Wages | £32,583,000 | £31,258,000 | -4.1% | |
| Directors' remuneration | £1,300,000 | £820,000 | -36.9% |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 0.2% | 4.9% | |
| Net margin | -0.6% | 3.3% | |
| Return on capital employed | 0.3% | 7.1% | |
| Current ratio | 5.98x | 5.09x | |
| Interest cover | 0.31x | 13.88x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 group's and parent 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.”
Group structure
- JAMES JOHNSTON & CO. OF ELGIN LIMITED · parent
- Johnstons of Elgin Limited 100%
- Johnstons GmbH 100%
- Johnstons of Elgin Retail (Ireland) Limited 100%
Significant events
- “Our store in New Bond Street, London, was closed during the year and our outlet in Kildare, Ireland, ceased trading in January 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAFFNEY, Christopher James Martin | Director | 2011-06-20 | Jun 1971 | British |
| HARRISON, David Alexander | Director | 2002-01-01 | Jan 1960 | British |
| URQUHART, Jennifer Mollie | Director | 2015-05-05 | Apr 1978 | British |
| URQUHART, Neil Edward | Director | 2005-04-01 | Jun 1975 | British |
| WALLACE, Johanna Margaret | Director | 2022-09-21 | Jun 1976 | British |
| WIKSTROM, Martha Shaffer | Director | 2015-05-05 | Jun 1956 | American,British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARCHIBALD, Graeme Clark | Secretary | 1992-03-01 | 2011-07-29 |
| GAFFNEY, Christopher James Martin | Secretary | 2011-07-05 | 2023-07-05 |
| QUIRIE, Edward Ian Ernest | Secretary | — | 1992-03-01 |
| ANDERSON, Alan James Hutcheon | Director | — | 1989-12-31 |
| ARCHIBALD, Graeme Clark | Director | 1992-03-01 | 2011-07-29 |
| BANNERMAN, Nicholas Alastair Charles | Director | 2010-02-01 | 2024-07-03 |
| BOYD, Michael | Director | 1990-04-01 | 1990-07-04 |
| COTTON, Simon James | Director | 2013-11-04 | 2021-12-14 |
| DRACUP, James Brian Hedley | Director | 2002-01-01 | 2013-04-03 |
| HARRISON, Edward Paton | Director | — | 2000-05-02 |
| HARRISON, John Alexander Don | Director | — | 2001-07-11 |
| HARRISON, Robert | Director | 1999-01-01 | 2005-03-31 |
| MONTGOMERY, Donald | Director | 1990-04-01 | 2001-12-21 |
| POLLOCK, Kenneth Andrew | Director | 1993-11-01 | 1995-10-23 |
| QUIRIE, Edward Ian Ernest | Director | — | 1992-11-27 |
| SANDS, Graeme Craig | Director | 1999-03-22 | 2001-06-04 |
| SUGDEN, James Edward | Director | — | 2013-12-12 |
| URQUHART, Ian George Masson | Director | — | 2024-03-15 |
| WATERS, Donald Henry | Director | 1999-02-01 | 2016-04-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jennifer Mollie Urquhart | Individual | Shares 25–50% | 2016-04-06 | Active |
| Mr Neil Edward Urquhart | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 214 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-02 RESOLUTIONS Resolution
- 2022-10-14 RESOLUTIONS Resolution
- 2022-10-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | AA | accounts | Accounts with accounts type group | |
| 2025-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-23 | AA | accounts | Accounts with accounts type group | |
| 2025-01-06 | CH01 | officers | Change person director company with change date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type group | |
| 2024-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-12 | AA | accounts | Accounts with accounts type group | |
| 2023-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-12-06 | SH08 | capital | Capital name of class of shares | |
| 2022-12-02 | SH10 | capital | Capital variation of rights attached to shares | |
| 2022-12-02 | RESOLUTIONS | resolution | Resolution | |
| 2022-10-14 | RESOLUTIONS | resolution | Resolution | |
| 2022-10-14 | MA | incorporation | Memorandum articles | |
| 2022-09-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.