Falcon 24 Topco Limited
Activities of other holding companies n.e.c. · Manchester
ActiveUnited KingdomIncorporated 2024Private Limited Company
Financial position
Accounts to 2025-03-01 · GBP · Group accounts
Net assets
£269,000,000
Cash
£61,300,000
Turnover
£553,300,000
Profit / loss
−£50,300,000
Current assets
£563,900,000
Creditors < 1 year
£120,500,000
Equity
£269,000,000
Average employees
Not available
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-03-01Group · AI-read | 2024-03-02Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £269,000,000 | £379,100,000 |
| Equity | £269,000,000 | £379,100,000 |
| Share capital | £300,000 | £51,200,000 |
| Retained earnings | £189,300,000 | £235,700,000 |
| Assets | ||
| Fixed assets | £115,400,000 | £147,300,000 |
| Intangible assets | £65,800,000 | £60,900,000 |
| Property, plant & equipment | £25,000,000 | £47,000,000 |
| Current assets | £563,900,000 | £616,700,000 |
| Cash at bank | £61,300,000 | £65,200,000 |
| Debtors | £421,300,000 | £468,600,000 |
| Stock | £71,200,000 | £73,900,000 |
| Liabilities | ||
| Creditors | £410,300,000 | £384,900,000 |
| Creditors within one year | £120,500,000 | £71,700,000 |
| Creditors after one year | £289,800,000 | £313,200,000 |
| Bank loans & overdrafts | — | £301,500,000 |
| Net current assets | £443,400,000 | £545,000,000 |
| Profit & loss | ||
| Turnover | £553,300,000 | £600,900,000 |
| Cost of sales | £194,600,000 | £209,000,000 |
| Gross profit | £261,400,000 | £285,700,000 |
| Operating profit | −£17,000,000 | £19,400,000 |
| Interest receivable | £3,000,000 | £2,600,000 |
| Interest payable | £15,600,000 | £16,200,000 |
| Profit before tax | −£29,700,000 | £5,300,000 |
| Tax | £20,600,000 | £4,500,000 |
| Profit / loss | −£50,300,000 | £800,000 |
| Operating costs | ||
| Depreciation | £3,000,000 | £2,600,000 |
| Amortisation | £16,200,000 | — |
| Audit fees | £1,700,000 | £1,700,000 |
| People & pay | ||
| Wages & salaries | — | £65,000,000 |
| Social security costs | — | £6,700,000 |
| Directors' remuneration | £1,200,000 | — |
| Highest paid director | £1,100,000 | — |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-03-01 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activity of the Group continues to be that of a digital retailer, with a Financial Services offering, serving customers through a differentiated brand portfolio.
- What it does
- digital retail · clothing · footwear · online retail · financial services · credit accounts (AI keywords)
- The year
- Although there was some improvement in macro-economic indicators during the year, the online pureplay market has remained soft, and we have kept a disciplined focus on profitable trade. These conditions drove Group revenue down 7.9%, but which does reflect an improvement over the revenue trajectory seen in FY24, despite the market conditions.
- Outlook
- The Group’s future growth is focussed on three strategic brands: JD Williams, Jacamo and Simply Be.
- Auditor
- Ernst & Young LLP · senior statutory auditor Kate Jarman
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Falcon 24 Finco Limited
- Ultimate parent
- N Brown Group Limited
- Accounts
- IFRS
- Approved
- 2026-07-31, signed by J Senior
Turnover by segment (5)
- Product revenue: 350.8 (m) (2025-03-01)
- Financial Services revenue: 202.5 (m) (2025-03-01)
- Republic of Ireland: £13.7m (m) (2025-03-01)
- Strategic brands: 257.4 (m) (2025-03-01)
- Heritage brands: 93.4 (m) (2025-03-01)
Related parties (2)
- N Brown Pension Fund · related party · Transactions during the year (details referred to note 28)
- Key management personnel · Group Directors and members of the Executive Board · Remuneration · £1.2m (m)
Borrowings (3)
- £50m revolving credit facility · £50m (m) · Maturity date of February 2028
- £15m term loan · £15m (m) · Maturity date of February 2028
- Securitisation facility · from HSBC · Extended through to February 2028
Acquisitions (1)
- N Brown Group · 100% · 2025-02-12 · a value of £60,803,623 and cash of £77,235,301
Directors' report (1)
- J Senior
Events after the year end (4)
- On 11 September 2025, a planned restructure was announced to staff which would reduce the headcount of the business.
- A strategic review of the Financial Services software platform concluded that certain components would not be utilised in their current form and some capitalised costs would be written off in the financial year ending 28 February 2026.
- On 9 April 2026 a decision was made to wind down the Oxendales business in an orderly manner.
- Following the year end, management extended the securitisation facility through to February 2028 and amended and restated the Senior Finance Agreement.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.