THREAD 35 LTD
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Cash
£6.7m
+150.1% highest in 3 filed years
Net assets
£15m
+9.5% highest in 3 filed years
Employees
122
+13% highest in 3 filed years
Profit before tax
£550k
+179.9% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £46,277,000 | £37,055,000 | £42,247,000 | +14% | |
| Operating profit | £82,000 | £465,000 | £680,000 | +46.2% | |
| Profit before tax | £71,000 | -£688,000 | £550,000 | +179.9% | |
| Net profit | -£20,000 | -£1,165,000 | £874,000 | +175% | |
| Cash | £3,779,000 | £2,666,000 | £6,667,000 | +150.1% | |
| Total assets less current liabilities | £14,100,000 | £17,186,000 | £17,823,000 | +3.7% | |
| Net assets | -£12,999,000 | £13,825,000 | £15,137,000 | +9.5% | |
| Equity | -£12,999,000 | £13,825,000 | £15,137,000 | +9.5% | |
| Average employees | 92 | 108 | 122 | +13% | |
| Wages | £3,621,000 | £3,959,000 | £4,059,000 | +2.5% | |
| Directors' remuneration | £665,000 | £666,000 | £888,000 | +33.3% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 0.2% | 1.3% | 1.6% | |
| Net margin | -0.0% | -3.1% | 2.1% | |
| Return on capital employed | 0.6% | 2.7% | 3.8% | |
| Gearing (liabilities / total assets) | 167.1% | 43.9% | 41.1% | |
| Current ratio | 3.32x | 2.28x | 2.54x | |
| Interest cover | 2.28x | 0.39x | 3.21x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Therefore, despite these events, the directors confirm that they have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due for the foreseeable future.”
Significant events
- “Decision made in 2024 to substantially reduce price promotions in order to focus on improved margin and profitability”
- “Cyber incident at our second largest concession partner in April 2025”
- “Zero turnover continued for eleven weeks (due to cyber incident at M&S)”
- “Following the move to a new warehouse provider in February 2025, the business has now completed the first full year in the new warehouse”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DILKS, Stephen James | Director | 2021-05-04 | May 1976 | British |
| HALL, Alison Sarah | Director | 2015-09-24 | Dec 1974 | British |
| LAVINGTON, Julie Christina | Director | 2015-09-24 | Feb 1965 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FARDAD, Reza | Director | 2015-11-09 | 2017-11-02 |
| JACKSON, Katharine Mary | Director | 2016-02-04 | 2017-11-02 |
| MURRAY, William John Howard | Director | 2016-02-04 | 2017-11-02 |
| MUSTOE, Nicholas | Director | 2015-11-09 | 2017-11-02 |
| SILVESTRI, Giuseppe | Director | 2015-03-16 | 2015-09-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sosandar Plc | Corporate entity | Voting 75–100% | 2017-11-02 | Active |
Filing timeline
Last 20 of 59 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2026-02-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-28 | CH01 | officers | Change person director company with change date | |
| 2025-07-25 | AA | accounts | Accounts with accounts type full | |
| 2025-02-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-13 | AA | accounts | Accounts with accounts type full | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-27 | AA | accounts | Accounts with accounts type full | |
| 2023-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | AA | accounts | Accounts with accounts type full | |
| 2022-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-01 | AA | accounts | Accounts with accounts type full | |
| 2021-05-04 | AP01 | officers | Appoint person director company with name date | |
| 2021-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-01 | AA | accounts | Accounts with accounts type full | |
| 2020-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-12 | AA | accounts | Accounts with accounts type full | |
| 2019-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-08-30 | AA | accounts | Accounts with accounts type full | |
| 2018-04-17 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.