HOBBYCRAFT GROUP LIMITED
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Cash
£3.9M
Latest balance sheet
Net assets
-£3.1M
Equity attributable
Employees
1,517
Average over period
Profit before tax
-£18M
Period ending 2025-02-16
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-02-16
| Metric | Trend | 2024-02-18 | 2025-02-16 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £218,312,000 | £215,951,000 | — | |
| Operating profit | £251,000 | -£7,085,000 | — | |
| Profit before tax | -£13,894,000 | -£17,502,000 | — | |
| Net profit | -£14,453,000 | -£23,851,000 | — | |
| Cash | £11,622,000 | £3,948,000 | — | |
| Total assets less current liabilities | £83,727,000 | £44,522,000 | — | |
| Net assets | -£96,009,000 | -£3,068,000 | — | |
| Equity | -£96,009,000 | -£3,068,000 | — | |
| Average employees | 1,530 | 1,517 | — | |
| Wages | £44,636,000 | £49,282,000 | — | |
| Directors' remuneration | £713,000 | £1,807,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-18 | 2025-02-16 |
|---|---|---|---|
| Operating margin | 0.1% | -3.3% | |
| Net margin | -6.6% | -11.0% | |
| Return on capital employed | 0.3% | -15.9% | |
| Current ratio | 1.72x | 1.40x | |
| Interest cover | 0.02x | -0.68x |
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.
Name history
Renamed 1 time since incorporation
- HOBBYCRAFT GROUP LIMITED 2011-06-29 → present
- STITCH 1 LIMITED 2010-04-07 → 2011-06-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering the downside modelling performed as described above, the directors are confident that the Group remains a going concern and the accounts have been prepared on this basis”
Group structure
- HOBBYCRAFT GROUP LIMITED · parent
- Stitch 2 Limited 100%
- Stitch 3 Limited 100%
- Stitch Bidco Limited 100%
- Hobbycraft Trading Limited 100%
- Hobbycraft Superstores Limited 100%
Significant events
- “Since year-end, the CVA has allowed the Group to rationalise obligations to creditors, improve its liquidity and balance sheet... The CVA has led to the closure of 9 loss making category C stores in June 2025 and a further 9 category B stores across August and September 2025 leaving the Group with an ongoing store estate of 106.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COSSEY COSEC SERVICES LIMITED | Corporate Secretary | 2024-08-23 | — | — |
| PRICE, Joseph Daniel | Director | 2024-08-23 | Apr 1989 | British |
| HW DIRECTORS LIMITED | Corporate Director | 2024-08-23 | — | — |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLUNT, Claire | Secretary | 2011-01-31 | 2011-12-23 |
| GIFFIN, Michael William | Secretary | 2012-01-19 | 2013-07-12 |
| MOORE, Matthew | Secretary | 2015-08-06 | 2018-05-04 |
| NEWTON, William | Secretary | 2013-07-13 | 2015-08-06 |
| POTTER, Angela Jane | Secretary | 2010-05-28 | 2011-01-31 |
| ALTEIRAC, Benoit Nicolas Andre | Director | 2024-05-01 | 2024-08-23 |
| BARTER, Charles Stuart John | Director | 2010-04-07 | 2010-04-29 |
| BLUNT, Claire Jacqueline | Director | 2011-01-31 | 2011-12-23 |
| BURKE, Simon Paul | Director | 2010-10-28 | 2014-02-27 |
| CHRISTENSEN, Lawrence | Director | 2014-01-22 | 2024-08-23 |
| COLLEY, John Richard | Director | 2017-04-19 | 2017-09-09 |
| COLLINS, Aaron Gabriel | Director | 2022-02-24 | 2024-08-23 |
| CROMBIE, Christopher John | Director | 2010-04-29 | 2011-01-31 |
| DAVIES, Matthew | Director | 2018-05-01 | 2024-08-23 |
| FREEMAN, Benjamin Elliot | Director | 2010-04-07 | 2010-04-29 |
| GIFFIN, Michael William | Director | 2012-01-19 | 2013-07-12 |
| GWILLIAM, Vincent Mitchell Lovell | Director | 2010-04-29 | 2011-01-31 |
| HARRISON, Russell | Director | 2019-04-15 | 2024-08-23 |
| JORDAN, Dominic Martin | Director | 2018-04-17 | 2024-08-23 |
| MARSHALL, Catriona Frances | Director | 2011-01-31 | 2017-06-30 |
| MCGIBBON, Jason Scott | Director | 2010-04-29 | 2011-05-13 |
| MOORE, Matthew John | Director | 2015-08-06 | 2018-05-04 |
| NEWTON, William | Director | 2013-07-02 | 2015-08-06 |
| NORMAN, Archibald John | Director | 2014-01-01 | 2018-05-01 |
| WATFORD, Emma Judith Sophia | Director | 2011-05-13 | 2024-08-23 |
| WELDON, Guy Patrick | Director | 2010-11-18 | 2022-02-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Macrame Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-23 | Active |
| Bridgepoint Europe Iv (Nominees) Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2024-08-23 |
| Bridgepoint Advisers Limited | Corporate entity | Significant influence | 2016-04-06 | Ceased 2024-08-23 |
| Bridgepoint Europe (Sgp) Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Ceased 2023-06-06 |
Filing timeline
Last 20 of 120 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-02 RESOLUTIONS Resolution
- 2024-09-02 RESOLUTIONS Resolution
- 2024-09-02 MA Memorandum articles
- 2024-09-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-21 | AA | accounts | Accounts with accounts type group | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-13 | AA | accounts | Accounts with accounts type group | |
| 2024-09-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-02 | MA | incorporation | Memorandum articles | |
| 2024-09-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-29 | AP04 | officers | Appoint corporate secretary company with name date |
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.