LAING THE JEWELLER (GLASGOW) LIMITED

• ◆

  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

  +7.8%

  £68,388,321 → £73,710,458

  highest in 3 filed years

• Cash

  -1.3%

  £4,640 → £4,581

  lowest in 5 filed years

• Net assets

  -9.6%

  £8,147,184 → £7,363,626

• Employees

  +4.6%

  239 → 250

  highest in 5 filed years

• Operating profit

  -42%

  £3,235,261 → £1,876,829

  lowest in 3 filed years

• Profit before tax

  -69.1%

  £2,107,819 → £651,518

  lowest in 5 filed years

• Wages

  +13.2%

  £6,940,638 → £7,854,753

  highest in 3 filed years

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. LAING THE JEWELLER (GLASGOW) LIMITED 2005-03-21 → present
2. DMS (SHELF) NO. 211 LIMITED 2005-01-18 → 2005-03-21

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. LAING THE JEWELLER (GLASGOW) LIMITED · parent
   1. Laing the Jeweller Limited 100% · Dormant company
   2. Parkhouse the Jeweller Limited 100% · Dormant company

Significant events

• “The past 12 months have represented a period of sustainable turnover growth, following the completion of several critical retail infrastructure and investment projects. In the past two years, we have: relocated our Southampton showroom to a prime first floor retail location in the West Quay shopping centre, which houses an instore watch workshop; opened a mono-brand TAG Heuer boutique in Glasgow on Buchanan Street, and in Edinburgh on Multrees Walk; moved into our new flagship showroom on Glasgow's Buchanan Street, which also hosts our Laings Service Centre and our head office teams; and launched our new website platform laingsuk.com. Amidst this we have continued to serve our clients from our Laings Edinburgh and Laings Cardiff showrooms alongside our mono-brand Omega showroom in Cardiff. Our jewellery services business has been supported by our teams in Glasgow and also in our Edinburgh workshop.”
• “In June 2025, the company refinanced its banking facilities and the previous loan arrangements were repaid in full. The new agreement includes total facilities of £14m, which consists of a term loan of £6m with a maturity date of June 2030 and an £8m revolving credit facility with a maturity date of June 2028. The refinancing was completed after the reporting date and therefore has not been reflected in the financial statements for the year ended 31 May 2025.”

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

Filings

11

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.