Grattan Public Limited Company
Retail sale via mail order houses or via Internet · Bradford
ActiveUnited KingdomIncorporated 1930Public Limited Company
Financial position
Accounts to 2026-02-28 · GBP · Company accounts
Net assets
£97,068,000
Cash
£2,407,000
Turnover
£60,000,000
Profit / loss
−£13,973,000
Current assets
£91,197,000
Creditors < 1 year
£35,124,000
Equity
£97,068,000
Average employees
358
Balance-sheet trend
GBP · companyFinancial 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 | 2026-02-2812 months · Company · AI-read | 2025-03-01Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £97,068,000 | £121,241,000 |
| Equity | £97,068,000 | £121,241,000 |
| Share capital | £90,966,000 | £90,966,000 |
| Retained earnings | £6,032,000 | £30,205,000 |
| Assets | ||
| Fixed assets | £24,491,000 | £27,021,000 |
| Intangible assets | £10,175,000 | £12,838,000 |
| Property, plant & equipment | £14,316,000 | £14,183,000 |
| Current assets | £91,197,000 | £104,208,000 |
| Cash at bank | £2,407,000 | £2,797,000 |
| Debtors | £79,377,000 | £93,099,000 |
| Stock | £9,413,000 | £8,312,000 |
| Liabilities | ||
| Creditors within one year | £35,124,000 | £24,881,000 |
| Creditors after one year | £73,000 | £73,000 |
| Provisions | £1,062,000 | £2,973,000 |
| Pension scheme surplus / deficit | £17,639,000 | £17,939,000 |
| Capital commitments | £614,000 | £2,783,000 |
| Net current assets | £56,073,000 | £79,327,000 |
| Assets less current liabilities | £80,564,000 | £106,348,000 |
| Profit & loss | ||
| Turnover | £60,000,000 | £54,796,000 |
| Cost of sales | £40,372,000 | £34,190,000 |
| Gross profit | £19,628,000 | £20,606,000 |
| Distribution costs | £15,172,000 | £12,615,000 |
| Administrative expenses | £19,510,000 | £28,608,000 |
| Other operating income | £1,116,000 | £1,214,000 |
| Operating profit | −£13,938,000 | −£19,403,000 |
| Interest receivable | £75,000 | £81,000 |
| Interest payable | £10,000 | £31,000 |
| Profit before tax | −£13,973,000 | −£19,653,000 |
| Profit / loss | −£13,973,000 | −£19,653,000 |
| Operating costs | ||
| Depreciation | £1,196,000 | £1,139,000 |
| Amortisation | £2,267,000 | £2,267,000 |
| Audit fees | £89,000 | £87,000 |
| People & pay | ||
| Average employees | 358 | 350 |
| Staff costs | £24,405,000 | £17,274,000 |
| Wages & salaries | £20,071,000 | £14,509,000 |
| Social security costs | £2,767,000 | £1,412,000 |
| Pension costs | £1,567,000 | £1,353,000 |
| Directors' remuneration | £818,000 | £544,000 |
| Highest paid director | £483,694,000 | £323,535,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2026-02-28 say about themselves, read by AI from the scanned filing.
- Going concern
- The auditor reported a material uncertainty about going concern
- Principal activity
- The company operates a home shopping business.
- What it does
- home shopping · UK retail · online retail · fashion · footwear · accessories · home and electricals · financial services · credit sales (AI keywords)
- The year
- The UK retail online market is competitive and highly disrupted. Both traditional and new competitors are contributing to intense competition. High Street brands have increased investment during the financial period. UK consumer confidence remains low. Turnover increased from £54.8m to £60.0m, despite a backdrop of difficult trading conditions with renewed marketing investment to stimulate sales growth in Grattan plc brands. The operating loss for the financial period was £13.9m compared to an operating loss of £19.4m in the prior period.
- Auditor
- KPMG LLP · senior statutory auditor Oliver Stephenson
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Freemans Grattan Holdings Limited
- Ultimate parent
- Michael Otto Stiftung · Germany
- Ultimate controlling party
- Michael Otto Stiftung
- Accounts
- FRS 102
- Approved
- 2026-08-21
Subsidiaries (2)
- Look Again Limited · 100 · 66-70 Vicar Lane, Bradford, BD99 2XG · Dormant
- Witt (UK) Limited · 100 · 66-70 Vicar Lane, Bradford, BD99 2XG · Dormant
Turnover by segment (4)
- Credit sales: 91% (2026-02-28)
- Cash sales: 9% (2026-02-28)
- Credit sales: 93% (2025-03-01)
- Cash sales: 7% (2025-03-01)
Borrowings (1)
- three-year securitised loan facility · from HSBC · £100m · expires on 14 February 2027 · secured on secured against the debtor book
Disposals (1)
- Benton Grup S.A. · 50% · 2025-03-28 · £832,847
Principal risks (4)
- Political & Economic Environment
- Regulatory Environment
- Provision of Credit
- Cyber Security
Events after the year end (1)
- The company has no non-adjusting post balance sheet events.
Contingent liabilities (1)
- Under the group election for payment of VAT, the company is responsible for the discharge of any liability arising in the UK group and it also has joint bank facilities with Freemans plc (a sister company with whom Grattan plc operates).
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesShow 2 satisfied / released
Property · created 2005-06-29 · satisfied 2012-03-30
All monies
SatisfiedFloating · created 2001-02-23 · satisfied 2005-06-29
All monies
Satisfied