CONNECTION RETAIL LIMITED
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Cash
£219k
-93.7% lowest in 3 filed years
Net assets
-£4.2m
-16.6% vs 2024
Employees
311
+7.2% highest in 3 filed years
Profit before tax
-£618k
-199.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-07-31
| Metric | Trend | 2023-07-31 | 2024-07-31 | 2025-07-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £51,823,000 | £49,324,000 | £50,639,000 | +2.7% | |
| Operating profit | -£2,188,000 | £1,164,000 | £189,000 | -83.8% | |
| Profit before tax | -£3,295,000 | £619,000 | -£618,000 | -199.8% | |
| Net profit | -£3,295,000 | £1,469,000 | -£618,000 | -142.1% | |
| Cash | £456,000 | £3,456,000 | £219,000 | -93.7% | |
| Total assets less current liabilities | £1,865,000 | -£2,794,000 | £2,225,000 | +179.6% | |
| Net assets | -£5,097,000 | -£3,568,000 | -£4,160,000 | -16.6% | |
| Equity | -£5,097,000 | -£3,568,000 | -£4,160,000 | -16.6% | |
| Average employees | 302 | 290 | 311 | +7.2% | |
| Wages | — | — | — | — | |
| Directors' remuneration | £196,000 | £406,000 | £397,000 | -2.2% |
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 | 2023-07-31 | 2024-07-31 | 2025-07-31 |
|---|---|---|---|---|
| Operating margin | -4.2% | 2.4% | 0.4% | |
| Net margin | -6.4% | 3.0% | -1.2% | |
| Return on capital employed | -117.3% | — | 8.5% | |
| Gearing (liabilities / total assets) | 141.4% | 125.2% | — | |
| Current ratio | 0.90x | 0.68x | 0.88x | |
| Interest cover | -3.99x | 2.54x | 0.28x |
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
- Clive Owen LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which reflects the directors' assessment that the company will continue to trade for the foreseeable future. Although the balance sheet shows a net liability position, the directors have prepared detailed profit and loss and cash flow forecasts. Based on these forecasts, the directors are satisfied that the company will have sufficient resources to meet its obligations as they fall due for at least 12 months from the date of approval of these financial statement.”
Group structure
- CONNECTION RETAIL LIMITED · parent
- Connection Flooring Limited 100%
- Direct Wood Flooring Limited 100%
- Flooring Superstore Limited 100%
- Grass Direct Limited 100%
- Flooring Revolution Limited 100%
- Dream Decking Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PHILLIPS, Stuart | Secretary | 2020-12-17 | — | — |
| FOSKETT, Daniel Richard | Director | 2012-01-24 | Jan 1988 | British |
| MAGUIRE SNR, Jason James | Director | 2013-04-11 | Jun 1973 | British |
| MARSH, Alex | Director | 2020-02-21 | Jul 1984 | British |
| PHILLIPS, Stuart | Director | 2020-08-24 | Jul 1981 | British |
| ROY, Michael | Director | 2020-02-21 | Mar 1988 | British |
| TOOMES, Glen Andrew | Director | 2020-02-21 | Feb 1969 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FOSKETT, Daniel Richard | Secretary | 2012-01-24 | 2013-04-11 |
| RICHARDSON, Kimberley Jane | Secretary | 2013-04-11 | 2020-12-17 |
| STUBBS, David | Director | 2013-04-11 | 2020-02-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Daniel Richard Foskett | Individual | Shares 25–50% | 2016-04-06 | Ceased 2020-02-21 |
| Mr Jason James Maguire | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 74 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-03-04 RESOLUTIONS Resolution
- 2022-02-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-30 | AA | accounts | Accounts with accounts type group | |
| 2026-07-24 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-22 | AP02 | officers | Appoint corporate director company with name date | |
| 2026-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-17 | AA | accounts | Accounts with accounts type group | |
| 2024-04-26 | AA | accounts | Accounts with accounts type group | |
| 2024-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-01 | AA | accounts | Accounts with accounts type group | |
| 2023-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-04 | RESOLUTIONS | resolution | Resolution | |
| 2022-02-04 | AA | accounts | Accounts with accounts type group | |
| 2022-02-01 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.