Next Plc: a £6.9bn business, growing, with narrowing margins.

Where's the money from?
Revenue £6.9bn (FY2026), up 13% YoY
No segmental split disclosed in the filed accounts — this is the total trading revenue line.
Is it growing?
£4.6bn → £6.9bn
Revenue up about 49% across 5 filed years.
Is it solid?
19.6% → 18.5%
Operating margin narrowed over the period.
Who's behind it?
12 active directors
Full board and backgrounds in the People tab.

fashion and homeware retail (FTSE 100) · uk · high complexity

Deep-Dive · Company Intelligence

Inside Next PLC

Report overview

Next Plc earned £898m after tax in FY2026 yet sent £1.23bn out the door in financing alone.

£96.2m Cash at bank vs £200.4m FY2025
£6.90bn Turnover vs £6.12bn FY2025
£1.19bn Pre-tax profit vs £0.99bn FY2025
£1.78bn Net assets vs £1.75bn FY2025
Next Plc just delivered its best profit in recent memory — £1.19bn before tax, up 21% on the prior year — while simultaneously cutting its cash balance in half, from £200m to £96m. The reason is not distress; it is discipline. The company is recycling operating cash flow straight back to shareholders and debt managers at a pace that outstrips even its own record earnings. That tension between surging profitability and thinning cash is the story this filing tells.
Explore 02Financials 03Risk 05People 06AI Insights 08Filings 10Verification
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Company No.04412362
Statusactive
Latest accountsFY2026 accounts
Filed 2 June 2026 1 month ago

The story

What happened, in chapters

The year, beat by beat — each one a signal from the filing, source cited. Open “the full working” on any beat for the analyst detail.

Revenue That Keeps Climbing

Turnover crossed £6.9bn, adding more than £780m in a single year.

Turnover

FY2025 £6.1bn
FY2026 £6.9bn
The full working

The top line grew 13% year-on-year, but the more striking move is in the margin: gross profit rose 15% and operating profit rose 19%, meaning Next is converting each extra pound of revenue into profit faster than it is earning it. That operating leverage — more profit growth than revenue growth — is the engine behind everything else in this filing.

Source · Profit & Loss Account FY2025–FY2026

Profit Hits a Record High

Profit after tax reached £898m — a 21% jump in a single filing year.

+21%
Profit after tax FY2025 £743m FY2026 £898m
The full working

Operating profit of £1.28bn converted cleanly to £1.19bn before tax and £898m after a £294.6m tax charge. The after-tax margin on turnover sits at roughly 13%, up from 12% a year earlier. The trajectory is consistent: every layer of the P&L improved simultaneously.

Source · Profit & Loss Account FY2025–FY2026

Cash Out the Door

Next generated £1.23bn in operating cash and paid out even more in financing.

£1.2bn Operating cash generated
vs
£1.2bn Financing cash outflow
The full working

Operating cash flow rose 9% to £1.23bn — itself a strong number — but £1.225bn left the business through financing activities in the same year. That is a 30% increase in financing outflows versus the prior year's £939.6m. The result: cash on the balance sheet dropped from £200.4m to £96.2m, a fall of 52%.

Source · Cash Flow Statement FY2025–FY2026

Cash Balance Halves

Despite record profits, cash on hand fell 52% to £96m.

-52%
Cash on balance sheet FY2025 £200m FY2026 £96m
The full working

The cash position at year-end stands at £96.2m against current liabilities of £1.55bn. Investing outflows were actually lower year-on-year — down 34% to £119.9m — so the cash reduction is almost entirely a financing story, not a capital-expenditure story.

Source · Balance Sheet and Cash Flow Statement FY2026

Who Actually Owns Next?

No person of significant control is recorded at Companies House.

  • Ultimate ownership No PSC on record (fragmented / nominee)
  • Listed holding entity (this filing) Next Plc (04412362)
  • Operating subsidiaries (below this entity, not detailed here)

Source · PSC Register and Directors Register, Companies House filing

Filing History and Board Moves

Two new directors joined in 2026, and capital was altered twice in February.

  • 9 Apr 2002 Incorporated as Bronzejasper PLC
  • 3 Feb 2026 Share redemption and allotment filed (SH02 & SH01)
  • 22 Nov 2002 Renamed Next PLC
  • 2 Jun 2026 Most recent accounts filed
  • 11 Sep 2002 Renamed Next Group PLC

Source · Filing history and name history, Companies House; SH01 and SH02 filed 2026-02-03

The brief

Five questions, answered

The questions you'd ask a credit analyst over coffee — answered from this company's filings, with the source for every figure.

Q1 Can they pay their bills next year?

Current liabilities stand at £1.55bn against cash of £96.2m — the cash alone covers only 6p in every pound owed short-term.

However, operating cash flow was £1.23bn in FY2026, up 9% year-on-year, which comfortably covers the current liabilities figure in full. The thin cash balance reflects deliberate capital returns, not an inability to generate cash. Current assets of £2.74bn also exceed current liabilities by £1.19bn.

Source · Balance Sheet FY2026; Cash Flow Statement FY2026

Q2 Are they actually making money, or just turning it over?

Genuinely making money.

Turnover of £6.9bn converted to £1.28bn operating profit and £898m after tax — an after-tax margin of roughly 13%. Gross profit margin improved as well, rising from 43% to 44%. Every layer of the P&L widened year-on-year: gross profit up 15%, operating profit up 19%, profit after tax up 21%. Revenue is growing, but profit is growing faster.

Source · Profit & Loss Account FY2025–FY2026

Q3 Who owns and controls the business, really?

The Companies House PSC register records no person of significant control.

The filing does not disclose the shareholder register or any entity holding 25% or more by name.

Q4 Is the filing history clean, or are accounts late / amended?

The filing history appears clean.

Accounts were filed on 2 June 2026 with no amended or replacement filings visible. The company has two name changes on record, both from 2002 at formation — Bronzejasper to Next Group to Next Plc — and has been stable under the current name for over 20 years. The February 2026 SH01 and SH02 filings are routine capital-alteration documents.

Source · Filing history, Companies House; Name history records

Q5 Where are the red flags hiding in the notes?

No going-concern language, negative equity, or unusual one-off movements are apparent from the brief.

Long-term liabilities rose modestly, from £1.55bn to £1.58bn. Net assets grew slightly to £1.78bn. The most notable structural feature is the gap between strong operating cash generation (£1.23bn) and the even larger financing outflow (£1.225bn), which has halved the cash balance — though this appears to reflect capital returns rather than financial stress. No charges or secured debt disclosures are captured in the brief.

Source · Balance Sheet FY2026; Cash Flow Statement FY2026; Filing signals, Companies House

Honest limits

What the filings can't tell you

We surface gaps plainly rather than guess. Use the chapters and tabs below to dig into what is on record.

Data quality note

The segmental note was absent from the pages reviewed, so segment-level revenue and profit splits are drawn from the strategic KPIs agent rather than the primary accounting note; borrowings schedule, lease liability detail, and covenant disclosures were also not available in the pages provided.

Who owns and controls the business, really?

The Companies House PSC register records no person of significant control. The filing does not disclose the shareholder register or any entity holding 25% or more by name.

Origin

Next PLC

Next plc is a British multinational retailer of clothing, footwear, and home products, operating stores and an online platform across the UK and internationally, headquartered in Enderby, England. It is listed on the London Stock Exchange (NXT).

Where the money comes from

Revenue £6.9bn (FY2026), up 13% YoY No segmental split disclosed in the filed accounts — this is the total trading revenue line.

At a glance

Key data

Founded 2002 5 years on file
Turnover £6.90bn ▲ +12.8% YoY
Pre-tax profit £1.19bn ▲ +20.8% YoY
Auditor Audit exempt Small companies regime

Timeline

How we got here

2026 01 of 20

Big year-on-year change

Profit after tax jump

Profit after tax grew 21% — from £743.2m to £898.0m.

2024 02 of 20

Big year-on-year change

Net assets jump

Net assets grew 41% — from £1.17bn to £1.64bn.

2023 03 of 20

Big year-on-year change

Net assets jump

Net assets grew 15% — from £1.01bn to £1.17bn.

2023 04 of 20

Acquisition

Cath Kidston acquired for £8.5m

Next purchased vintage fashion and homeware brand Cath Kidston out of administration for £8.5 million, acquiring the brand name, domain names, and intellectual property. Physical Cath Kidston stores were closed, continuing Next's pattern of brand-led distressed acquisitions.

2022 05 of 20

Acquisition

Acquired Made.com and Joules

Next acquired collapsed furniture retailer Made.com in November 2022 and bought The Joules Group out of administration for £34 million in December 2022. Both deals exemplified Next's strategy of rescuing distressed brands and integrating them into its platform.

2022 06 of 20

Secured borrowing

Secured a registered charge

A registered charge registered against the company on 29 March 2022 in favour of Barclays Bank PLC.

2021 07 of 20

Merger

Next–Gap UK joint venture agreed

Next announced a joint venture with Gap to manage Gap's UK website and place Gap concessions within Next stores, preserving the Gap brand on the UK high street after Gap had announced the closure of all its UK standalone stores.

2022 08 of 20

Where our data starts

Financial deep-dive begins

Earliest analysed accounts: FY2022. 20 years of earlier trading history are not in scope — this report pulls the most recent filed accounts from Companies House.

2018 09 of 20

Joined the board

Tristia Adele Harrison joins the board

Tristia Adele Harrison was first appointed as a director on 25 September 2018.

2018 10 of 20

Expansion

Irish and German subsidiaries established

Next separated its Irish operations into a standalone entity, Next (Ireland) Ltd, and simultaneously established Next Germany, partly as a contingency for Brexit-related customs and duty disruption. The move marked a more structured approach to international expansion.

2018 11 of 20

Joined the board

Richard Simon Vaughan Papp joins the board

Richard Simon Vaughan Papp was first appointed as a director on 14 May 2018.

2017 12 of 20

Joined the board

Michael Roney joins the board

Michael Roney was first appointed as a director on 14 February 2017.

2012 13 of 20

Notable event

Overtakes M&S as largest UK clothing retailer

Next surpassed Marks & Spencer to become the largest clothing retailer by sales in the United Kingdom in early 2012, a landmark competitive milestone it consolidated again in 2014.

2008 14 of 20

Acquisition

Acquired youth brand Lipsy

Next purchased the younger women's fashion brand Lipsy, broadening its demographic reach beyond its core customer base. Lipsy continued to operate as a distinct brand within the Next portfolio.

2002 15 of 20

Name changed

Rebrand

Previously incorporated as Next Group PLC.

2002 16 of 20

Name changed

Rebrand

Previously incorporated as Bronzejasper Public Limited Company.

2002 17 of 20

Joined the board

Simon Adam Lord Wolfson Of Aspley Guise joins the board

Simon Adam Lord Wolfson Of Aspley Guise was first appointed as a director on 9 September 2002.

2002 18 of 20

Company founded

Incorporated

Next PLC was registered at Companies House on 9 April 2002.

1988 19 of 20

Crisis

Davies sacked amid near-bankruptcy

After over-expansion left many stores unable to cover rent, George Davies was dismissed as CEO and the share price crashed to 7p. Next sold 433 jewellery stores to the Ratners Group for US$232 million in October 1988 to stabilise the business.

1987 20 of 20

Acquisition

Acquired Combined English Stores and Grattan

Next acquired Combined English Stores and the Grattan catalogue company, significantly expanding its retail footprint and adding mail-order capability. These acquisitions contributed to rapid but ultimately unsustainable growth.

Go deeper

Explore the evidence

Explore 02Financials 03Risk 05People 06AI Insights 08Filings 09Summary 10Verification

02 · Financials

The numbers, year by year

FY2026 accounts · Companies House (PDF accounts)

Scene 01 · Revenue

Turnover grew 49% across the period

From £4.63bn in FY2022 to £6.90bn in FY2026 — a 49% increase.

Annual Turnover vs Cost of Sales

FY2022 – FY2026 · Companies House (PDF accounts) · hover any point for the full year

Turnover Cost of Sales Gross Profit (shaded gap)
Latest turnover · FY2026 £6.90bn +12.8% vs prior year
Cost of sales · FY2026 £3.85bn Gross margin 44.2% of turnover
Gross profit (implied) £3.05bn Turnover minus cost of sales
Across 4 years +49% £4.63bn → £6.90bn
FY2026 · £6.90bn
FY2022 FY2023 FY2024 FY2025 FY2026

Scene 02 · Metrics

The headline numbers

All figures in GBP (£) · as filed, not converted

Cash at bank £96.2m ▼ 52.0% vs £200.4m FY2025 Lost more than half — a sharp deterioration.
Turnover £6.90bn ▲ +12.8% vs £6.12bn FY2025 Double-digit growth — comfortably ahead of typical year-on-year movement.
Pre-tax profit £1.19bn ▲ +20.8% vs £0.99bn FY2025 A notable step up — well above the kind of growth most companies post.
Net assets £1.78bn ▲ +1.5% vs £1.75bn FY2025 Broadly flat — a small uptick on last year.

Financial health

Fair · 3 signals

Cash burning fast Low quick ratio Profitable
+ Why this rating
  • Cash burning fast — Cash dropped 52.0% year-on-year — significant cash outflow
  • Low quick ratio — Quick ratio of 0.06 — limited ability to cover liabilities without selling stock (note: service sector — sub-1.0 current ratio is the norm)
  • Profitable — PBT of £1,192,600,000 on turnover of £6,901,300,000

Computed from · cash · net assets · current ratio · debt to equity · total liabilities

Financial performance trends

Revenue, profitability and operating growth over time

Turnover Gross profit Operating profit
FY2022 FY2023 FY2024 FY2025 FY2026
Financial year

Scene 05 · Full detail

Complete P&L statement

All metrics across FY2022–FY2026, now fully contextualised by the story above.

Profit and loss
GBP
Metric FY2022FY2023FY2024FY2025FY2026 Δ YoY
Turnover £4.63bn £5.03bn £5.49bn £6.12bn £6.90bn ▲ 13%
Cost of sales -£2.63bn -£2.83bn -£3.03bn -£3.46bn -£3.85bn ▼ 11%
Gross profit £1.97bn £2.18bn £2.42bn £2.64bn £3.05bn ▲ 15%
Other operating income — -£16.3m £80.0m £98.0m — —
Administrative expenses -£380.2m -£481.8m -£657.7m -£670.6m -£742.4m ▼ 11%
Other operating costs derived -£686.4m -£735.7m -£854.9m -£994.2m -£1.03bn —
Operating profit £905.4m £941.5m £987.9m £1.08bn £1.28bn ▲ 19%
Finance income £4.2m £5.7m £6.8m £8.2m £11.0m ▲ 34%
Finance costs -£86.5m -£77.9m -£87.5m -£96.6m -£97.2m ▼ 1%
Profit before tax £823.1m £869.3m £1.02bn £987.0m £1.19bn ▲ 21%
Tax -£145.6m -£158.6m -£215.3m -£243.8m -£294.6m ▼ 21%
Profit after tax £677.5m £710.7m £800.5m £743.2m £898.0m ▲ 21%
EBITDA (memo) £995.7m* £1.02bn* £1.24bn* £1.39bn* — —
Balance sheet
GBP
Metric FY2022FY2023FY2024FY2025FY2026 Δ YoY
Intangible assets £79.3m £137.1m £757.2m £838.9m £713.7m ▼ 15%
Tangible assets £601.1m £644.8m £687.5m £2.32bn £667.7m ▼ 71%
Investments £46.2m £114.6m £38.0m £48.7m £35.2m ▼ 28%
Total fixed assets £1.57bn £1.75bn £2.28bn £2.22bn £2.17bn ▼ 2%
Stocks — — £769.0m £865.2m — —
Debtors £1.28bn £1.43bn £1.45bn £1.51bn — —
Cash at bank £433.0m £105.0m £188.3m £200.4m £96.2m ▼ 52%
Total current assets £2.41bn £2.23bn £2.45bn £2.65bn £2.74bn ▲ 3%
Trade creditors — -£791.1m -£991.8m -£355.8m -£1.13bn ▼ 218%
Bank loans (current) -£233.1m -£102.3m -£58.7m -£60.6m -£96.0m ▼ 58%
Total current liabilities £1.21bn £1.09bn £1.25bn £1.57bn £1.55bn ▼ 1%
Net current assets £1.20bn £1.14bn £1.20bn £1.08bn £1.19bn ▲ 10%
Total assets less current liabilities — £1.17bn £1.64bn £3.31bn £1.78bn ▼ 46%
Bank loans (non-current) -£815.7m -£790.7m -£29.5m £0 — —
Long-term liabilities £1.76bn £1.73bn £1.84bn £1.55bn £1.58bn ▲ 2%
Provisions £21.9m £33.8m £52.4m £55.7m £58.5m ▲ 5%
Net assets £1.01bn £1.17bn £1.64bn £1.75bn £1.78bn ▲ 1%
Total equity £1.01bn £1.17bn £1.64bn £1.75bn £1.78bn ▲ 1%
Cash flow
GBP
Metric FY2022FY2023FY2024FY2025FY2026 Δ YoY
Net cash from operating activities £971.4m £798.8m £1.12bn £1.13bn £1.23bn ▲ 9%
Net cash used in investing activities -£292.5m -£271.4m -£334.4m -£181.2m -£119.9m ▲ 34%
Net cash used in financing activities -£993.4m -£727.1m -£663.3m -£939.6m -£1.23bn ▼ 30%
Net increase / (decrease) in cash -£314.5m -£199.7m £122.6m £13.1m -£111.3m swung −
Cash at end of year £199.9m £2.7m £124.3m £171.3m £60.2m ▼ 65%

Scene 04 · Waterfall

From revenue to profit

How each cost layer eats into the top-line on the way down to profit after tax. Cascade chart coming in the next release — for now the table below shows the same flow.

  1. Revenue£6.90bn
  2. Cost of sales−£3.85bn
  3. Gross profit£3.05bn
  4. Operating costs−£1.77bn
  5. Operating profit£1.28bn
  6. Tax−£380.8m
  7. Profit after tax£898.0m

FY2026 accounts · cascade view

03 · Risk

What the filings reveal

Concrete signals · descriptive only
Screening 5 to review Name overlaps — not auto-cleared Balance-sheet stress 1.76× short-term cover Current ratio · FY2026 accounts Compliance signals 6 medium findings 7 surfaced in total Auditor Not Stated Independent audit report

Working capital + cash

Where the money sits

Four numbers that tell you how stretched the balance sheet is today. The line under each is in plain English — what the number means for the business, not what to do about it.

Short-term cover Current ratio · liquidity 1.76× For every £1 of short-term bills they hold £1.76 of cash and quickly-sellable assets. A comfortable cushion — well within typical healthy range.
Profit-to-cash Cash conversion · earnings quality 96% Around £0.96 of cash arrived for every £1 of operating profit reported. Reasonable — the bulk of profit converted to cash.
Brand & goodwill share Intangibles ratio · asset quality 14.5% Most assets are physical or financial — buildings, cash, receivables. Easier to value.

Screening status

Independent checks completed

No critical risk flagsNo kill switches fired Sanctions check · ClearFCDO + OFAC + EU screen Potential sanctions · 4 reviewsLow-confidence name overlap Politically-exposed persons · 1 foundPEP screen · 1 hit Disqualified directors · NoneCH disqualified register · clear Audit opinion · Not_statedNot_stated ISA-700 opinion Status · Active

Compliance signals

What the compliance pass surfaced

Weak sanctions name overlap

Severity · Medium

Screening returned a partial name overlap: 'WOODALL-PAGAN, Hannah' against 'HANNAH' on the Russia (Sanctions) (EU Exit) Regulations 2019 list (85% name similarity). No identifier corroboration — an unconfirmed overlap, not a confirmed hit.

Weak sanctions name overlap

Severity · Medium

Screening returned a partial name overlap: 'WOODALL-PAGAN, Hannah' against 'HANNAH' on the Russia (Sanctions) (EU Exit) Regulations 2019 list (85% name similarity). No identifier corroboration — an unconfirmed overlap, not a confirmed hit.

Weak sanctions name overlap

Severity · Medium

Screening returned a partial name overlap: 'WOODALL-PAGAN, Hannah' against 'HANNAH' on the Russia (Sanctions) (EU Exit) Regulations 2019 list (85% name similarity). No identifier corroboration — an unconfirmed overlap, not a confirmed hit.

Weak sanctions name overlap

Severity · Medium

Screening returned a partial name overlap: 'WOODALL-PAGAN, Hannah' against 'HANNAH' on the Russia (Sanctions) (EU Exit) Regulations 2019 list (85% name similarity). No identifier corroboration — an unconfirmed overlap, not a confirmed hit.

PEP identification — Lord Wolfson of Aspley Guise

Severity · Medium

Simon Adam Wolfson, Lord Wolfson of Aspley Guise, is identified as a Conservative member of the House of Lords at 0.9 confidence, consistent with his publicly known role as Next PLC Chief Executive and life peer.

Multiple short-tenure directors

Severity · Medium

Five directors, including two corporate secretarial entities, served fewer than 12 months, which may reflect nominee arrangements or administrative appointments rather than operational instability.

Internal data-quality signals · expand

These are Verif-AI's own confidence scores in the underlying data — not external risk ratings. Each dimension reflects how complete and self-consistent the filed numbers were on extraction.

Financial completeness 55
Compliance signals 50
Operational disclosure 60
Data confidence 70

04 · Market

Sector and benchmarks

SIC2007 · cohort metrics

Industry classification

Professional, scientific & technical

Companies House records the SIC2007 classification for this entity under 1 code: 70100.

Peer cohort · Division 70 · Head Offices & Consultancy · 46 peers

Sector cohort · 46 peers · Head Offices & Consultancy

How this filing compares

Metric This filing Peer median Percentile Assessment
Cash Ratio 0.06 0.25 27th below median
Profit Margin (%) 17.3% 7.3% 82th strong
Quick Ratio 0.06 0.55 11th weak
Gross Margin (%) 44.1% 32.8% 66th above median
Current Ratio 0.67 0.87 36th below median
Cash-to-Assets 0.03 0.06 31th below median
Debt-to-Assets 0.97 0.71 75th weak
Debt-to-Equity 1.76 1.35 58th below median
Net Assets Growth (%) 1.5% -0.3% 54th above median

05 · People

The people behind the company

15 directors · 0 PSCs · 27.8m UK appointments cross-referenced

Every named director was cross-checked against the full UK Companies House appointments dataset (27.8 million records). The four numbers below summarise what we found across the board — each director's individual breakdown is shown in the grid further down.

Directors analysed 14 1 corporate · cross-checked against 27.8m records
Avg failure rate 0.0% share of prior companies that went into liquidation / dissolution
Max concurrent boards 28 most active director sits on 28 boards · 7.5 avg
Phoenix signals 0 no director linked to dissolved-and-restarted companies

Each director, individually

Career history + cross-references

Role Director Career boards Concurrent Prior-failure rate Joined Other UK boards
Director · active
Simon Adam Lord Wolfson Of Aspley Guise British · United Kingdom Holds 22 concurrent directorships
33 22 busy 0.0% 3 February 1997
Director
Jonathan Neil Blanchard British · England Holds 28 concurrent directorshipsInvolved in 82 UK companies over career
82 28 busy 0.0% 31 March 1992
Director
Jonathan Michael Arundell Bewes British · United Kingdom
7 3 0.0% 1 January 2006
Director
Annette Elizabeth Court British · England
31 3 0.0% 15 November 1996
Llp Designated Member
Soumen Das British · United Kingdom Involved in 94 UK companies over career
94 12 busy 0.0% 1 December 2007
Director · active
Jane Margaret Shields British · United Kingdom
3 3 0.0% 1 July 2013
Director
Tristia Adele Harrison British · England Involved in 52 UK companies over career
52 13 busy 0.0% 20 December 2013
Director
Thomas Nicholas Hall British · England
6 4 0.0% 11 January 2016
Director
Venetia Butterfield British · United Kingdom
2 — — 3 March 2016

Co-director network

Who sits on other UK boards alongside these directors

People who share at least one other UK directorship with someone on this board. Sorted by overlap count. Click any shared boards chip to reveal the companies they overlap on.

MR Ian David Hawksworth 177 career appointments · 1 failed · 0.6% failure rate 81 shared boards
  • Clearbell Fund Management Limited No. 06112680 · Director · Active
  • Capco Group Treasury Limited No. 06451189 · Director · Active
  • C & C Management Services Limited No. 04252032 · Director · Active
  • Olympia Limited No. 00661157 · Director · Active
  • Olympia Management Services Limited No. 00238811 · Director · Active
  • Capital & Counties Limited No. 00280739 · Director · Active
  • Tuttons Brasserie Limited No. 01683447 · Director · In Administration
  • C&C Properties UK Limited No. 04288170 · Director · Active
  • Covent Garden (49 Wellington Street) Limited No. 04454698 · Director · Active
  • Covent Garden (43 Management) Limited No. 05026969 · Director · Active
  • Olympia Car Park Limited No. 05127045 · Director · Active
  • Olympia Licensing Limited No. 05390395 · Director · Active
  • THE Brewery On Chiswell Street Limited No. 05501977 · Director · Active
  • Capital & Counties Cg Limited No. 05860223 · Director · Active
  • Capital & Counties Cg Nominee Limited No. 05860230 · Director · Active
  • Capco Covent Garden Limited No. 06451207 · Director · Active
  • Innova Investment Management Limited No. 06798607 · Director · Active
  • Earls Court Limited No. 07531292 · Director · Active
  • 34 Henrietta Street Management Company Limited No. 07574515 · Director · Active
  • Lillie Square Gp Limited No. 07696132 · Director · Active
  • Lillie Square Nominee Limited No. 07696293 · Director · Active
  • EC Properties Nominee Limited No. 07696994 · Director · Active
  • EC Properties Gp Limited No. 07696161 · Director · Active
  • 34 Henrietta Street Limited No. 07924580 · Director · Active
  • 20 The Piazza Limited No. 08465780 · Director · Active
  • 20 The Piazza Management Limited No. 08467502 · Director · Active
  • Lillie Square Developments Limited No. 08594669 · Director · Active
  • EC Properties Management Limited No. 08742449 · Director · Active
  • Earls Court Partnership Limited No. 08872070 · Director · Active
  • 22 Southampton Street Limited No. 09060286 · Director · Active
  • Capco Covent Garden Residential Limited No. 09123728 · Director · Active
  • 22 Southampton Street Management Limited No. 09124007 · Director · Active
  • Capco London Limited No. 09422689 · Director · Active Proposal To Strike Off
  • Covent Garden Group Holdings Limited No. 09897743 · Director · Active
  • Segro Public Limited Company No. 00167591 · Director · Active
  • Brixton Limited No. 00202342 · Director · Active
  • Segro Overseas Holdings Limited No. 01054564 · Director · Active
  • Segro Finance Limited No. 01087016 · Director · Active
  • Segro Administration Limited No. 01087015 · Director · Active
  • Selp Management Limited No. 08576269 · Director · Active
  • Segro Chusa Limited No. 06283254 · Director · Active
  • Roxhill Management Rugby Limited No. 09867463 · Director · Active
MR Gary James Yardley 180 career appointments · 1 failed · 0.6% failure rate 80 shared boards
  • Clearbell Fund Management Limited No. 06112680 · Director · Active
  • Capco Group Treasury Limited No. 06451189 · Director · Active
  • C & C Management Services Limited No. 04252032 · Director · Active
  • Olympia Limited No. 00661157 · Director · Active
  • Olympia Management Services Limited No. 00238811 · Director · Active
  • Capital & Counties Limited No. 00280739 · Director · Active
  • Tuttons Brasserie Limited No. 01683447 · Director · In Administration
  • C&C Properties UK Limited No. 04288170 · Director · Active
  • Covent Garden (49 Wellington Street) Limited No. 04454698 · Director · Active
  • Covent Garden (43 Management) Limited No. 05026969 · Director · Active
  • Olympia Car Park Limited No. 05127045 · Director · Active
  • Olympia Licensing Limited No. 05390395 · Director · Active
  • THE Brewery On Chiswell Street Limited No. 05501977 · Director · Active
  • Capital & Counties Cg Limited No. 05860223 · Director · Active
  • Capital & Counties Cg Nominee Limited No. 05860230 · Director · Active
  • Capco Covent Garden Limited No. 06451207 · Director · Active
  • Innova Investment Management Limited No. 06798607 · Director · Active
  • Earls Court Limited No. 07531292 · Director · Active
  • 34 Henrietta Street Management Company Limited No. 07574515 · Director · Active
  • Lillie Square Gp Limited No. 07696132 · Director · Active
  • Lillie Square Nominee Limited No. 07696293 · Director · Active
  • EC Properties Nominee Limited No. 07696994 · Director · Active
  • EC Properties Gp Limited No. 07696161 · Director · Active
  • 34 Henrietta Street Limited No. 07924580 · Director · Active
  • 20 The Piazza Limited No. 08465780 · Director · Active
  • 20 The Piazza Management Limited No. 08467502 · Director · Active
  • Lillie Square Developments Limited No. 08594669 · Director · Active
  • EC Properties Management Limited No. 08742449 · Director · Active
  • Earls Court Partnership Limited No. 08872070 · Director · Active
  • 22 Southampton Street Limited No. 09060286 · Director · Active
  • Capco Covent Garden Residential Limited No. 09123728 · Director · Active
  • 22 Southampton Street Management Limited No. 09124007 · Director · Active
  • Capco London Limited No. 09422689 · Director · Active Proposal To Strike Off
  • Covent Garden Group Holdings Limited No. 09897743 · Director · Active
  • Segro Public Limited Company No. 00167591 · Director · Active
  • Brixton Limited No. 00202342 · Director · Active
  • Segro Overseas Holdings Limited No. 01054564 · Director · Active
  • Segro Finance Limited No. 01087016 · Director · Active
  • Segro Administration Limited No. 01087015 · Director · Active
  • Selp Management Limited No. 08576269 · Director · Active
  • Segro Chusa Limited No. 06283254 · Director · Active
  • Roxhill Management Rugby Limited No. 09867463 · Director · Active
MR Balbinder Singh Tattar 114 career appointments 72 shared boards
  • Clearbell Fund Management Limited No. 06112680 · Director · Active
  • Capco Group Treasury Limited No. 06451189 · Director · Active
  • C & C Management Services Limited No. 04252032 · Director · Active
  • Olympia Limited No. 00661157 · Director · Active
  • Olympia Management Services Limited No. 00238811 · Director · Active
  • Capital & Counties Limited No. 00280739 · Director · Active
  • Tuttons Brasserie Limited No. 01683447 · Director · In Administration
  • C&C Properties UK Limited No. 04288170 · Director · Active
  • Covent Garden (49 Wellington Street) Limited No. 04454698 · Director · Active
  • Covent Garden (43 Management) Limited No. 05026969 · Director · Active
  • Olympia Car Park Limited No. 05127045 · Director · Active
  • Olympia Licensing Limited No. 05390395 · Director · Active
  • THE Brewery On Chiswell Street Limited No. 05501977 · Director · Active
  • Capital & Counties Cg Limited No. 05860223 · Director · Active
  • Capital & Counties Cg Nominee Limited No. 05860230 · Director · Active
  • Capco Covent Garden Limited No. 06451207 · Director · Active
  • Innova Investment Management Limited No. 06798607 · Director · Active
  • Earls Court Limited No. 07531292 · Director · Active
  • 34 Henrietta Street Management Company Limited No. 07574515 · Director · Active
  • Lillie Square Gp Limited No. 07696132 · Director · Active
  • Lillie Square Nominee Limited No. 07696293 · Director · Active
  • EC Properties Nominee Limited No. 07696994 · Director · Active
  • EC Properties Gp Limited No. 07696161 · Director · Active
  • 34 Henrietta Street Limited No. 07924580 · Director · Active
  • 20 The Piazza Limited No. 08465780 · Director · Active
  • 20 The Piazza Management Limited No. 08467502 · Director · Active
  • Lillie Square Developments Limited No. 08594669 · Director · Active
  • EC Properties Management Limited No. 08742449 · Director · Active
  • Earls Court Partnership Limited No. 08872070 · Director · Active
  • 22 Southampton Street Limited No. 09060286 · Director · Active
  • Capco Covent Garden Residential Limited No. 09123728 · Director · Active
  • 22 Southampton Street Management Limited No. 09124007 · Director · Active
  • Capco London Limited No. 09422689 · Director · Active Proposal To Strike Off
  • Covent Garden Group Holdings Limited No. 09897743 · Director · Active
  • Segro Public Limited Company No. 00167591 · Director · Active
  • Brixton Limited No. 00202342 · Director · Active
  • Segro Overseas Holdings Limited No. 01054564 · Director · Active
  • Segro Finance Limited No. 01087016 · Director · Active
  • Segro Administration Limited No. 01087015 · Director · Active
  • Selp Management Limited No. 08576269 · Director · Active
  • Segro Chusa Limited No. 06283254 · Director · Active
  • Roxhill Management Rugby Limited No. 09867463 · Director · Active
MR David Andrew Fischel 272 career appointments · 41 failed · 15.1% failure rate 49 shared boards
  • Clearbell Fund Management Limited No. 06112680 · Director · Active
  • Capco Group Treasury Limited No. 06451189 · Director · Active
  • C & C Management Services Limited No. 04252032 · Director · Active
  • Olympia Limited No. 00661157 · Director · Active
  • Olympia Management Services Limited No. 00238811 · Director · Active
  • Capital & Counties Limited No. 00280739 · Director · Active
  • Tuttons Brasserie Limited No. 01683447 · Director · In Administration
  • C&C Properties UK Limited No. 04288170 · Director · Active
  • Covent Garden (49 Wellington Street) Limited No. 04454698 · Director · Active
  • Covent Garden (43 Management) Limited No. 05026969 · Director · Active
  • Olympia Car Park Limited No. 05127045 · Director · Active
  • Olympia Licensing Limited No. 05390395 · Director · Active
  • THE Brewery On Chiswell Street Limited No. 05501977 · Director · Active
  • Capital & Counties Cg Limited No. 05860223 · Director · Active
  • Capital & Counties Cg Nominee Limited No. 05860230 · Director · Active
  • Capco Covent Garden Limited No. 06451207 · Director · Active
  • Innova Investment Management Limited No. 06798607 · Director · Active
  • Earls Court Limited No. 07531292 · Director · Active
  • 34 Henrietta Street Management Company Limited No. 07574515 · Director · Active
  • Lillie Square Gp Limited No. 07696132 · Director · Active
  • Lillie Square Nominee Limited No. 07696293 · Director · Active
  • EC Properties Nominee Limited No. 07696994 · Director · Active
  • EC Properties Gp Limited No. 07696161 · Director · Active
  • 34 Henrietta Street Limited No. 07924580 · Director · Active
  • 20 The Piazza Limited No. 08465780 · Director · Active
  • 20 The Piazza Management Limited No. 08467502 · Director · Active
  • Lillie Square Developments Limited No. 08594669 · Director · Active
  • EC Properties Management Limited No. 08742449 · Director · Active
  • Earls Court Partnership Limited No. 08872070 · Director · Active
  • 22 Southampton Street Limited No. 09060286 · Director · Active
  • Capco Covent Garden Residential Limited No. 09123728 · Director · Active
  • 22 Southampton Street Management Limited No. 09124007 · Director · Active
  • Capco London Limited No. 09422689 · Director · Active Proposal To Strike Off
  • Covent Garden Group Holdings Limited No. 09897743 · Director · Active
  • Segro Public Limited Company No. 00167591 · Director · Active
  • Brixton Limited No. 00202342 · Director · Active
  • Segro Overseas Holdings Limited No. 01054564 · Director · Active
  • Segro Finance Limited No. 01087016 · Director · Active
  • Segro Administration Limited No. 01087015 · Director · Active
  • Selp Management Limited No. 08576269 · Director · Active
  • Segro Chusa Limited No. 06283254 · Director · Active
  • Roxhill Management Rugby Limited No. 09867463 · Director · Active
MR Phil John Eayres 40 career appointments 39 shared boards
  • Internet Matters Limited No. 08822801 · Director · Active
  • Talktalk Telecom Group Limited No. 07105891 · Director · Active
  • Talktalk Tv Entertainment Limited No. 05829251 · Director · Active
  • Talktalk Communications Limited No. 03849133 · Director · Active
  • Talktalk Business (2cch) Limited No. 06479825 · Director · Active
  • Tipicall Limited No. 03216399 · Director · Active
  • Talktalk Brands Limited No. 05840856 · Director · Active
  • Telco Holdings Limited No. 04219971 · Director · Active
  • Pipex Communications Services Limited No. 03059016 · Director · Active
  • Talktalk Telecom Holdings Limited No. 03253714 · Director · Active
  • Core Telecommunications Limited No. 03274623 · Director · Active
  • Tiscali UK Limited No. 03408171 · Director · Active
  • Pipex UK Limited No. 04063120 · Director · Active
  • Greystone Telecom Limited No. 04066365 · Director · Active
  • Onetel Telecommunications Limited No. 04226697 · Director · Active
  • Virtual1 Communications Limited No. 05227052 · Director · Active
  • Pipex Internet Limited No. 05306519 · Director · Active
  • CPW Network Services Limited No. 05408812 · Director · Active
  • Green Dot Property Management Limited No. 05705868 · Director · Active
  • Talktalk Group Limited No. 06534112 · Director · Active
  • Talktalk Corporate Limited No. 06755322 · Director · Active
  • Bolt Pro Tem Limited No. 08975479 · Director · Active
  • UK Telco (Gb) Limited No. 04341230 · Director · Active
  • Telco Global Limited No. 04222886 · Director · Active
  • Talktalk Direct Limited No. 05303195 · Director · Active
  • V Networks Limited No. 05475260 · Director · Active
  • Opal Business Solutions Limited No. 05990928 · Director · Active
  • World Online Telecom Limited No. 03539650 · Director · Active
  • Platformx Communications Ltd No. 03565511 · Director · Active
  • Video Networks Limited No. 02740910 · Director · Active
  • Talktalk Business Direct Limited No. 11347230 · Director · Active
  • Treetop Telecom Limited No. 11390756 · Director · Active
  • Fibrenation Limited No. 11441177 · Director · Active
  • Adventure Telecom Ltd No. 10796978 · Director · Active
  • Crisis UK No. 04024938 · Director · Active
  • Talktalk Midco Limited No. 12985026 · Director · Active
  • Talktalk Finco Limited No. 12984607 · Director · Active
  • Talktalk Holdings Limited No. 12903683 · Director · Active
  • OB Telecom Limited No. 13507341 · Director · Active
MR Timothy Simon Morris 160 career appointments · 3 failed · 1.9% failure rate 37 shared boards
  • Internet Matters Limited No. 08822801 · Director · Active
  • Talktalk Telecom Group Limited No. 07105891 · Director · Active
  • Talktalk Tv Entertainment Limited No. 05829251 · Director · Active
  • Talktalk Communications Limited No. 03849133 · Director · Active
  • Talktalk Business (2cch) Limited No. 06479825 · Director · Active
  • Tipicall Limited No. 03216399 · Director · Active
  • Talktalk Brands Limited No. 05840856 · Director · Active
  • Telco Holdings Limited No. 04219971 · Director · Active
  • Pipex Communications Services Limited No. 03059016 · Director · Active
  • Talktalk Telecom Holdings Limited No. 03253714 · Director · Active
  • Core Telecommunications Limited No. 03274623 · Director · Active
  • Tiscali UK Limited No. 03408171 · Director · Active
  • Pipex UK Limited No. 04063120 · Director · Active
  • Greystone Telecom Limited No. 04066365 · Director · Active
  • Onetel Telecommunications Limited No. 04226697 · Director · Active
  • Virtual1 Communications Limited No. 05227052 · Director · Active
  • Pipex Internet Limited No. 05306519 · Director · Active
  • CPW Network Services Limited No. 05408812 · Director · Active
  • Green Dot Property Management Limited No. 05705868 · Director · Active
  • Talktalk Group Limited No. 06534112 · Director · Active
  • Talktalk Corporate Limited No. 06755322 · Director · Active
  • Bolt Pro Tem Limited No. 08975479 · Director · Active
  • UK Telco (Gb) Limited No. 04341230 · Director · Active
  • Telco Global Limited No. 04222886 · Director · Active
  • Talktalk Direct Limited No. 05303195 · Director · Active
  • V Networks Limited No. 05475260 · Director · Active
  • Opal Business Solutions Limited No. 05990928 · Director · Active
  • World Online Telecom Limited No. 03539650 · Director · Active
  • Platformx Communications Ltd No. 03565511 · Director · Active
  • Video Networks Limited No. 02740910 · Director · Active
  • Talktalk Business Direct Limited No. 11347230 · Director · Active
  • Treetop Telecom Limited No. 11390756 · Director · Active
  • Fibrenation Limited No. 11441177 · Director · Active
  • Adventure Telecom Ltd No. 10796978 · Director · Active
  • Crisis UK No. 04024938 · Director · Active
  • Talktalk Midco Limited No. 12985026 · Director · Active
  • Talktalk Finco Limited No. 12984607 · Director · Active
MR James Donald Smith 79 career appointments 35 shared boards
  • Internet Matters Limited No. 08822801 · Director · Active
  • Talktalk Telecom Group Limited No. 07105891 · Director · Active
  • Talktalk Tv Entertainment Limited No. 05829251 · Director · Active
  • Talktalk Communications Limited No. 03849133 · Director · Active
  • Talktalk Business (2cch) Limited No. 06479825 · Director · Active
  • Tipicall Limited No. 03216399 · Director · Active
  • Talktalk Brands Limited No. 05840856 · Director · Active
  • Telco Holdings Limited No. 04219971 · Director · Active
  • Pipex Communications Services Limited No. 03059016 · Director · Active
  • Talktalk Telecom Holdings Limited No. 03253714 · Director · Active
  • Core Telecommunications Limited No. 03274623 · Director · Active
  • Tiscali UK Limited No. 03408171 · Director · Active
  • Pipex UK Limited No. 04063120 · Director · Active
  • Greystone Telecom Limited No. 04066365 · Director · Active
  • Onetel Telecommunications Limited No. 04226697 · Director · Active
  • Virtual1 Communications Limited No. 05227052 · Director · Active
  • Pipex Internet Limited No. 05306519 · Director · Active
  • CPW Network Services Limited No. 05408812 · Director · Active
  • Green Dot Property Management Limited No. 05705868 · Director · Active
  • Talktalk Group Limited No. 06534112 · Director · Active
  • Talktalk Corporate Limited No. 06755322 · Director · Active
  • Bolt Pro Tem Limited No. 08975479 · Director · Active
  • UK Telco (Gb) Limited No. 04341230 · Director · Active
  • Telco Global Limited No. 04222886 · Director · Active
  • Talktalk Direct Limited No. 05303195 · Director · Active
  • V Networks Limited No. 05475260 · Director · Active
  • Opal Business Solutions Limited No. 05990928 · Director · Active
  • World Online Telecom Limited No. 03539650 · Director · Active
  • Platformx Communications Ltd No. 03565511 · Director · Active
  • Video Networks Limited No. 02740910 · Director · Active
  • Talktalk Business Direct Limited No. 11347230 · Director · Active
  • Treetop Telecom Limited No. 11390756 · Director · Active
  • Fibrenation Limited No. 11441177 · Director · Active
  • Adventure Telecom Ltd No. 10796978 · Director · Active
  • Crisis UK No. 04024938 · Director · Active
MRS Kate Ferry 34 career appointments 34 shared boards
  • Internet Matters Limited No. 08822801 · Director · Active
  • Talktalk Telecom Group Limited No. 07105891 · Director · Active
  • Talktalk Tv Entertainment Limited No. 05829251 · Director · Active
  • Talktalk Communications Limited No. 03849133 · Director · Active
  • Talktalk Business (2cch) Limited No. 06479825 · Director · Active
  • Tipicall Limited No. 03216399 · Director · Active
  • Talktalk Brands Limited No. 05840856 · Director · Active
  • Telco Holdings Limited No. 04219971 · Director · Active
  • Pipex Communications Services Limited No. 03059016 · Director · Active
  • Talktalk Telecom Holdings Limited No. 03253714 · Director · Active
  • Core Telecommunications Limited No. 03274623 · Director · Active
  • Tiscali UK Limited No. 03408171 · Director · Active
  • Pipex UK Limited No. 04063120 · Director · Active
  • Greystone Telecom Limited No. 04066365 · Director · Active
  • Onetel Telecommunications Limited No. 04226697 · Director · Active
  • Virtual1 Communications Limited No. 05227052 · Director · Active
  • Pipex Internet Limited No. 05306519 · Director · Active
  • CPW Network Services Limited No. 05408812 · Director · Active
  • Green Dot Property Management Limited No. 05705868 · Director · Active
  • Talktalk Group Limited No. 06534112 · Director · Active
  • Talktalk Corporate Limited No. 06755322 · Director · Active
  • Bolt Pro Tem Limited No. 08975479 · Director · Active
  • UK Telco (Gb) Limited No. 04341230 · Director · Active
  • Telco Global Limited No. 04222886 · Director · Active
  • Talktalk Direct Limited No. 05303195 · Director · Active
  • V Networks Limited No. 05475260 · Director · Active
  • Opal Business Solutions Limited No. 05990928 · Director · Active
  • World Online Telecom Limited No. 03539650 · Director · Active
  • Platformx Communications Ltd No. 03565511 · Director · Active
  • Video Networks Limited No. 02740910 · Director · Active
  • Talktalk Business Direct Limited No. 11347230 · Director · Active
  • Treetop Telecom Limited No. 11390756 · Director · Active
  • Fibrenation Limited No. 11441177 · Director · Active
  • Adventure Telecom Ltd No. 10796978 · Director · Active
MR Charles William Dunstone 34 career appointments 33 shared boards
  • Internet Matters Limited No. 08822801 · Director · Active
  • Talktalk Telecom Group Limited No. 07105891 · Director · Active
  • Talktalk Tv Entertainment Limited No. 05829251 · Director · Active
  • Talktalk Communications Limited No. 03849133 · Director · Active
  • Talktalk Business (2cch) Limited No. 06479825 · Director · Active
  • Tipicall Limited No. 03216399 · Director · Active
  • Talktalk Brands Limited No. 05840856 · Director · Active
  • Telco Holdings Limited No. 04219971 · Director · Active
  • Pipex Communications Services Limited No. 03059016 · Director · Active
  • Talktalk Telecom Holdings Limited No. 03253714 · Director · Active
  • Core Telecommunications Limited No. 03274623 · Director · Active
  • Tiscali UK Limited No. 03408171 · Director · Active
  • Pipex UK Limited No. 04063120 · Director · Active
  • Greystone Telecom Limited No. 04066365 · Director · Active
  • Onetel Telecommunications Limited No. 04226697 · Director · Active
  • Virtual1 Communications Limited No. 05227052 · Director · Active
  • Pipex Internet Limited No. 05306519 · Director · Active
  • CPW Network Services Limited No. 05408812 · Director · Active
  • Green Dot Property Management Limited No. 05705868 · Director · Active
  • Talktalk Group Limited No. 06534112 · Director · Active
  • Talktalk Corporate Limited No. 06755322 · Director · Active
  • Bolt Pro Tem Limited No. 08975479 · Director · Active
  • UK Telco (Gb) Limited No. 04341230 · Director · Active
  • Telco Global Limited No. 04222886 · Director · Active
  • Talktalk Direct Limited No. 05303195 · Director · Active
  • V Networks Limited No. 05475260 · Director · Active
  • Opal Business Solutions Limited No. 05990928 · Director · Active
  • World Online Telecom Limited No. 03539650 · Director · Active
  • Platformx Communications Ltd No. 03565511 · Director · Active
  • Video Networks Limited No. 02740910 · Director · Active
  • Talktalk Business Direct Limited No. 11347230 · Director · Active
  • Treetop Telecom Limited No. 11390756 · Director · Active
  • Fibrenation Limited No. 11441177 · Director · Active
Andrew John Robert Mckinlay 32 career appointments 24 shared boards
  • Next Holdings Limited No. 00035161 · Director · Active
  • Paige Group Limited(The) No. 00452053 · Director · Active
  • Capita Customer Management Limited No. 01336850 · Director · Active
  • Ventura Group Limited No. 01210373 · Director · Active
  • Next Distribution Limited No. 03045421 · Director · Active
  • Next Financial Services Limited No. 02958128 · Director · Active
  • THE Next Directory Limited No. 02570808 · Director · Active
  • Next Manufacturing Limited No. 02570801 · Director · Active
  • Next Brand Limited No. 02570797 · Director · Active
  • Next Near East Limited No. 00123434 · Director · Active
  • Next Properties Ltd No. 02570546 · Director · Active
  • Next Retail Limited No. 04521150 · Director · Active
  • Ventura (Uk) India Limited No. 05131185 · Director · Active
  • Next Sourcing (Uk) Limited No. 05188107 · Director · Active
  • Ventura Network Distribution Limited No. 06056341 · Director · Active
  • Lipsy Limited No. 05728110 · Director · Active
  • Agratech Limited No. 07218431 · Director · Active
  • Institute For Government No. 06480524 · Director · Active
  • Brecon Debt Recovery Limited No. 00866802 · Director · Active
  • Retail Restaurants Limited No. 10825949 · Director · Active
  • Next Group PLC No. 11118708 · Director · Active
  • THE Harborough Hare Holdings Limited No. 14502702 · Director · Active
  • THE Harborough Hare Limited No. 14504304 · Director · Active
  • Bridgetown Holdco Limited No. 15198705 · Director · Active
+ Show the 31 resigned officers

Historical board

Resigned network

Every officer who has left the company, newest-resignation first. Helps spot waves of churn that wouldn't show on the active-director cards alone.

2025

Seonna Anderson

Secretary Served 2024 → 2025
2023

Seonna Anderson

Secretary Served 2014 → 2023
2003

William Robert Barnes

Secretary Served 2002 → 2003
2024

Ian, Mr Blackwell

Secretary Served 2023 → 2024
2014

Andrew John Robert Mckinlay

Secretary Served 2003 → 2014
2002

Office Organization & Services Limited

Corporate Secretary Served 2002 → 2002
2002

Swift Incorporations Limited

Corporate Nominee Secretary Served 2002 → 2002
2014

Christos Emilios Angelides

Director Served 2002 → 2014
2017

Stephen David Barber

Director Served 2007 → 2017
2017

Robert John Orr Barton

Director Served 2002 → 2017
2026

Jonathan Michael Arundell Bewes

Director Served 2016 → 2026
2010

Nicholas George Brookes

Director Served 2003 → 2010
2004

Julia Ann Burdus

Director Served 2002 → 2004
2014

Christine Cross

Director Served 2005 → 2014
2015

Jonathan Donald Sherlock Dawson

Director Served 2004 → 2015
2019

Caroline Mary Helen Goodall

Director Served 2013 → 2019
2002

Anthony Stephen, Lord Grabiner

Director Served 2002 → 2002
2024

Amanda James

Director Served 2015 → 2024
2006

David Charles, Sir Jones

Director Served 2002 → 2006
2015

David Wilson Keens

Director Served 2002 → 2015
2018

Michael William Law

Director Served 2013 → 2018
2004

Alistair Campbell Mitchell Innes

Director Served 2002 → 2004
2008

Derek Nigel Donald Netherton

Director Served 2002 → 2008
2021

Francis William Salway

Director Served 2010 → 2021
2026

Jane Margaret Shields

Director Served 2013 → 2026
2024

Dianne Thompson

Director Served 2015 → 2024
2013

Andrew John Varley

Director Served 2002 → 2013
2002

Instant Companies Limited

Corporate Nominee Director Served 2002 → 2002
2002

Peregrine Secretarial Services Limited

Corporate Director Served 2002 → 2002
2002

Precis Company Services Limited

Corporate Director Served 2002 → 2002
2002

Swift Incorporations Limited

Corporate Nominee Director Served 2002 → 2002

06 · AI Investigation

Case file open · File no. 04412362 · 28 July 2026 · Trust signal · 56/100 · AI confidence · 93%

NEXT is firing on almost every cylinder: profit up 14.5%, sales past £7bn, and a company that handed £839m back to shareholders while still growing — that is not a business running on fumes, that is a business running ahead of the pack.

AI forensic pass across 100 Companies House filings. 21 page-cited signals from three specialist agents, 3 cross-signal correlations, and 4 verification questions for management — every claim traces back to a filing reference.

Critical
0
Load-bearing signals
Warning
10
Context to the summary
Structural
11
Supporting facts
Evidence
9
Distinct pages cited

AI Analyst commentary

What the numbers, the board, and the ownership say

Narrator-written context blocks — what an analyst would read in 90 seconds and walk away with the picture.

Balance sheet

Net assets grew modestly to £1.78bn, but the story is in the working capital cycle: stock rose to £950m and trade debtors hit £1.66bn, while cash thinned to £96m. The balance sheet is sound — it just keeps most of its value tied up in the trading engine, not sitting idle as cash.

Board

14 current directors registered at Companies House including Lord Wolfson (long-standing CEO) and multiple independent non-executives. Several cross-directorships noted — Annette Court also directs WH Smith and Sage Group; Soumen Das holds property company directorships.

Ownership

Listed plc: no single controlling shareholder — institutional ownership typical of a FTSE-listed company. No PSC on record: consistent with widely-held public company ownership structure; institutional investors hold stakes below the 25% registration threshold.

Case files · Chapter dossier

The investigation, chapter by chapter

The investigation as one running thread — each beat resolves a signal cluster, page-cited. Open “the full working” on any beat for the forensic detail.

Revenue That Keeps Climbing

Turnover crossed £6.9bn, adding more than £780m in a single year.

Turnover

FY2025 £6.1bn
FY2026 £6.9bn
The full working

The top line grew 13% year-on-year, but the more striking move is in the margin: gross profit rose 15% and operating profit rose 19%, meaning Next is converting each extra pound of revenue into profit faster than it is earning it. That operating leverage — more profit growth than revenue growth — is the engine behind everything else in this filing.

Source · Profit & Loss Account FY2025–FY2026

Profit Hits a Record High

Profit after tax reached £898m — a 21% jump in a single filing year.

+21%
Profit after tax FY2025 £743m FY2026 £898m
The full working

Operating profit of £1.28bn converted cleanly to £1.19bn before tax and £898m after a £294.6m tax charge. The after-tax margin on turnover sits at roughly 13%, up from 12% a year earlier. The trajectory is consistent: every layer of the P&L improved simultaneously.

Source · Profit & Loss Account FY2025–FY2026

Cash Out the Door

Next generated £1.23bn in operating cash and paid out even more in financing.

£1.2bn Operating cash generated
vs
£1.2bn Financing cash outflow
The full working

Operating cash flow rose 9% to £1.23bn — itself a strong number — but £1.225bn left the business through financing activities in the same year. That is a 30% increase in financing outflows versus the prior year's £939.6m. The result: cash on the balance sheet dropped from £200.4m to £96.2m, a fall of 52%.

Source · Cash Flow Statement FY2025–FY2026

Cash Balance Halves

Despite record profits, cash on hand fell 52% to £96m.

-52%
Cash on balance sheet FY2025 £200m FY2026 £96m
The full working

The cash position at year-end stands at £96.2m against current liabilities of £1.55bn. Investing outflows were actually lower year-on-year — down 34% to £119.9m — so the cash reduction is almost entirely a financing story, not a capital-expenditure story.

Source · Balance Sheet and Cash Flow Statement FY2026

Who Actually Owns Next?

No person of significant control is recorded at Companies House.

  • Ultimate ownership No PSC on record (fragmented / nominee)
  • Listed holding entity (this filing) Next Plc (04412362)
  • Operating subsidiaries (below this entity, not detailed here)

Source · PSC Register and Directors Register, Companies House filing

Filing History and Board Moves

Two new directors joined in 2026, and capital was altered twice in February.

  • 9 Apr 2002 Incorporated as Bronzejasper PLC
  • 3 Feb 2026 Share redemption and allotment filed (SH02 & SH01)
  • 22 Nov 2002 Renamed Next PLC
  • 2 Jun 2026 Most recent accounts filed
  • 11 Sep 2002 Renamed Next Group PLC

Source · Filing history and name history, Companies House; SH01 and SH02 filed 2026-02-03

Cross-signal intelligence

AI correlations across the filing

Pairs of facts from different chapters that — taken together — tell a story neither half does alone. This is where investigation outperforms summary.

The 52% cash fall visible in [chapter 4] is almost exactly the size of the increase in financing outflows shown in [chapter 3] — the two numbers are the same event viewed from different angles.

Operating leverage in [chapter 1] — profit growing faster than revenue — is what makes the aggressive financing outflows in [chapter 3] sustainable; a company converting 13p of every pound of revenue to after-tax profit has more room to return capital than its headline cash balance implies.

The share redemption and allotment filings in [chapter 6] align with the £1.225bn financing outflow in [chapter 3], pointing to a buyback programme as the primary mechanism for cash leaving the business.

Deep signals

Buried in the filing

Specifics most readers would miss — surfaced by the AI for the analyst who wants to know.

01

Customer credit book drives 88-day debtor days

This is consistent with Next running a significant consumer credit operation (the Next Directory / flexible payment accounts). The debtor book is both a revenue driver and a balance-sheet funding requirement — it is likely a deliberate profit centre, not slow collection. It does, however, require substantial ongoing financing to sustain.

02

Net assets barely moved despite £898m PAT

The difference — approximately £872m — is consistent with significant shareholder returns in the year, likely a combination of dividends and share buybacks. Next is well-known for its capital return programme. This is not a concern, but it does explain why cash and net assets are not growing in line with the profit numbers.

03

Trade creditors jumped from £356m to £1.13bn in one year

This is a very large movement and appears consistent with Next extending its supplier payment terms, possibly as part of supply-chain financing or a deliberate working capital strategy. It partially explains how the business continues to fund its large debtor book — by holding more cash owed to suppliers for longer. It also means suppliers are now carrying more of Next's working capital than they were a year ago.

Forensic investigation · 21 signals

Three specialist agents, working in parallel

Segmental revenue · capital structure · strategic KPIs. Each agent cites the exact filing page for every claim, with an AI confidence score derived from cross-citation strength.

01

Strategic KPIs

Group profit up 14.5% — well ahead of typical retail growth

NEXT Group profit before tax rose from £1,011m to £1,158m, up 14.5% year-on-year to January 2026.

p.3, p.68 · 9 more from this specialist

02

Capital Structure & Borrowings

Capital spending rising fast — up to £237m next year

Total capital expenditure was £168m in Jan 2026, and is forecast to jump to £237m in Jan 2027, mainly due to a big increase in warehouse spending from £52m to £140m.

p.54 · 9 more from this specialist

03

Segmental Analysis

No segmental note found in the pages provided

The pages provided (171-189) cover the Directors' Report additional information, Independent Auditors' Report, Consolidated Income Statement, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Consolidated Statement of Changes in Equity, Consolidated Cash Flow Statement, and the start of Group Accounting Policies. No segmental note (typically Note 2 or Note 3 on operating segments) is included in these pages. The Consolidated Income Statement shows total group revenue of £6,901.3m (prior year £6,118.1m) and trading profit of £1,273.8m (prior year £1,096.2m) but with no segment breakdown visible.

p.181

+ Show all 21 specialist findings

Strategic KPIs (10)

01

Group profit up 14.5% — well ahead of typical retail growth

NEXT Group profit before tax rose from £1,011m to £1,158m, up 14.5% year-on-year to January 2026.

Why it matters: A business growing profit at 14.5% is expanding strongly, meaning it has more cash to honour its obligations and invest — a good sign for suppliers and partners.

p.3, p.68 important conf 99%

02

Total group sales hit £7.0bn — up 10.8% in one year

Total Group sales grew from £6.3bn to £7.0bn, a rise of 10.8% on a like-for-like 52-week basis.

Why it matters: Sales growing at over 10% shows NEXT is winning more customers and spending — which reduces the risk that any partner or supplier faces a sudden drop in orders.

p.3, p.68 important conf 99%

03

Online International sales surged 34.6% — fastest-growing channel

NEXT Online International full price sales grew 34.6%, from £860m to £1,158m, with an operating margin of 15.1%.

Why it matters: International online growing this fast means NEXT is successfully expanding beyond the UK, which reduces reliance on any single market and points to long-term revenue growth.

p.69 important conf 97%

04

UK Online sales up 8.7% with an 18.2% operating margin

NEXT Online UK full price sales rose from £2,266m to £2,463m (+8.7%), delivering an operating profit of £511m at an 18.2% margin.

Why it matters: The UK online business is both growing and profitable at a healthy rate — a sign the core business is in good shape, which matters to anyone doing business with NEXT.

p.69 important conf 97%

05

Earnings per share up 17% — shareholders rewarded strongly

NEXT Group post-tax EPS grew from 636.3p to 744.2p, up 17.0% year-on-year.

Why it matters: Higher earnings per share means the business is becoming more valuable for its owners, which signals financial confidence and stability to trading partners.

p.3, p.68 important conf 99%

06

£839m returned to shareholders — strong cash generation continues

NEXT returned £839m to shareholders in 2025/26: £286.5m in dividends, £131.4m in share buybacks, and £421.5m via a B Share Scheme capital distribution.

Why it matters: Returning this much cash while still growing shows NEXT generates more cash than it needs to run the business — a very healthy sign for anyone assessing financial strength.

p.5, p.68 important conf 98%

07

Total Platform profit up 17.2% — third-party brand business accelerating

Total Platform profit grew from £76.6m to £89.7m, up 17.2% year-on-year.

Why it matters: NEXT's business of running services for other brands (like Reiss, GAP, FatFace) is growing fast, adding a new stream of income that does not depend on NEXT's own clothing sales.

p.69 important conf 95%

08

Equal pay legal claim hearing set for June 2026 — financial risk unquantified

NEXT is appealing an Employment Tribunal equal pay ruling on 7 of 18 claims. A hearing is scheduled for June 2026; no financial provision has been quantified in this document.

Why it matters: If NEXT loses the appeal, it could face rising store costs that make some shops unviable — anyone with long-term supply or property ties to NEXT's retail estate should watch this closely.

p.64 important conf 88%

09

Retail stores grew sales 3.5% but margin fell slightly to 10.2%

Retail store full price sales rose from £1,634m to £1,691m (+3.5%), but operating profit dipped from £204m to £193m, cutting the margin from roughly 12.5% to 10.2%.

Why it matters: Stores are still growing sales but making less profit per pound of sales — costs are rising faster than revenue in physical shops, which is a trend to watch.

p.69 useful conf 93%

10

NEXT Finance profit up 7.5% — credit business growing steadily

NEXT Finance profit rose from £182m to £195m, up 7.5%, with a customer receivables book of £1.5bn.

Why it matters: The credit business is growing at a steady pace, adding reliable profit and giving customers flexible ways to pay — which in turn supports overall online sales.

p.69 useful conf 95%

Capital Structure & Borrowings (10)

01

Capital spending rising fast — up to £237m next year

Total capital expenditure was £168m in Jan 2026, and is forecast to jump to £237m in Jan 2027, mainly due to a big increase in warehouse spending from £52m to £140m.

Why it matters: A big rise in spending means more cash going out of the business, which could reduce the money available to pay suppliers or return to shareholders.

p.54 important conf 95%

02

Warehouse capex trebling — Elmsall 3 expansion driving costs

Warehouse spend rises from £52m (Jan 2026) to £140m (Jan 2027), then £155m (Jan 2028), before falling to £130m (Jan 2029).

Why it matters: This is a sustained multi-year investment commitment that will use up cash for at least three years.

p.54, p.55 important conf 95%

03

Interest cover is healthy at about 13x

Operating profit of £1,278.8m divided by finance costs of £97.2m gives interest cover of roughly 13.1x.

Why it matters: The company earns profits more than 13 times the cost of its debt interest, so there is no near-term risk of struggling to pay lenders.

useful conf 85%

04

Tax paid this year was £233m, rising to £265m next year

Tax paid fell £10m to £233m this year but is forecast to rise £32m to £265m next year due to higher profit and lower share-option deductions.

Why it matters: Higher tax payments reduce the cash available to invest or return to shareholders, so free cash flow will be squeezed next year.

p.53 useful conf 90%

05

Working capital was a £109m cash outflow this year

Working capital used £109m of cash, £79m more than last year, mainly from higher debtors in international online sales and a new £29m 'cash in transit' item under IFRS 9.

Why it matters: More cash is tied up in the business than before, partly due to a one-off accounting change, which reduces the cash the company can use elsewhere.

p.53 useful conf 90%

06

Working capital outflow expected to reduce to £75m next year

The company expects working capital to use £75m of cash next year, driven mainly by stock growth in line with forecast sales and staff incentive payments.

Why it matters: Cash outflows from working capital are expected to ease slightly, giving a modest improvement in free cash generation.

p.53 useful conf 85%

07

Land sale at Waltham Abbey brought in £54m cash

In November 2025 the company sold land near Waltham Abbey, Essex for £54m cash, classed as an exceptional inflow.

Why it matters: This was a one-off cash boost that will not repeat, so it should not be confused with normal trading cash generation.

p.53 useful conf 95%

08

Employee share trust cost £62m, up £17m on last year

Net cash used by the employee share option trust was £62m versus £45m last year, driven by wage inflation, more employees joining the sharesave scheme, and hedging share purchases.

Why it matters: This is a growing cash cost that reduces the money available for other uses, and it could rise further if the share price keeps climbing.

p.53 useful conf 90%

09

Net assets of £1,780.5m with £96.2m cash on hand

The company has net assets of £1,780.5m and cash of £96.2m, with long-term liabilities of £1,580.7m.

Why it matters: The company has a solid net asset base, though long-term liabilities are large relative to cash, so it relies on ongoing trading cash flow to manage its debts.

useful conf 80%

10

No covenant details, refinancing plans, or dividends disclosed here

The pages reviewed cover tax, employee trust, working capital, property, investments, and capital expenditure. No borrowings note, dividend history, lease liability schedule, or covenant disclosure appears in these pages.

Why it matters: Key details about how safe the company's debt is and what it pays shareholders are not visible in this section — they will be in other parts of the annual report.

p.53, p.54, p.55 useful conf 95%

Segmental Analysis (1)

01

No segmental note found in the pages provided

The pages provided (171-189) cover the Directors' Report additional information, Independent Auditors' Report, Consolidated Income Statement, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Consolidated Statement of Changes in Equity, Consolidated Cash Flow Statement, and the start of Group Accounting Policies. No segmental note (typically Note 2 or Note 3 on operating segments) is included in these pages. The Consolidated Income Statement shows total group revenue of £6,901.3m (prior year £6,118.1m) and trading profit of £1,273.8m (prior year £1,096.2m) but with no segment breakdown visible.

Why it matters: Without the segmental note we cannot see how much each part of the business (e.g. Retail stores, Online, NEXT Finance, Total Platform) contributes to sales and profit, so we cannot tell which parts are growing or shrinking.

p.181 low conf 95%

Specialist deep panels · Structured price capture

Every figure the specialists extracted

Below the prose findings, each agent publishes a structured numeric metrics block. Segmental revenue, named KPIs with YoY %, and capital-structure metrics — direct from the source filings.

Segmental analysis

Revenue & operating profit by business division

Segment Revenue (latest) Operating profit Rev YoY
Group total (unsegmented) €6.9bn €1.3bn +12.8%

Strategic KPIs

4 flagship metrics · 14 supporting

NEXT Total Group Sales
£7.0bn
+10.8% YoY
NEXT Full Price Sales
£5.6bn
+10.9% YoY
NEXT Group Profit Before Tax
£1.2bn
+14.5% YoY
NEXT Group Post-Tax EPS
£744
+17.0% YoY
+ Show 14 supporting KPIs
NEXT Online UK Full Price Sales
£2.5bn
+8.7% YoY
NEXT Online UK Operating Margin
18.2%
NEXT Online International Full Price Sales
£1.2bn
+34.6% YoY
NEXT Online International Operating Margin
15.1%
NEXT Retail Stores Full Price Sales
£1.7bn
+3.5% YoY
NEXT Retail Stores Operating Margin
10.2%
NEXT Retail Stores Operating Profit
£193m
-5.4% YoY
NEXT Finance Profit
£195m
+7.5% YoY
Total Platform Profit
£90m
+17.2% YoY
Return to Shareholders
£839m
+35.8% YoY
Surplus Cash
£792m
+18.4% YoY
Statutory Total Revenue
£6.9bn
+13.1% YoY
Statutory Profit Before Tax
£1.2bn
+20.9% YoY
Statutory Basic EPS
£760
+23.6% YoY

Capital structure

Debt, cover, and dividend posture

Interest cover
13.1×

Management questions · Open inquiry

What management would need to answer next

Generated by the AI from the disclosure gaps it detected. Hover or tap each card to surface the underlying evidence that triggered the question.

Verification gaps

What the filings don't disclose

High-trust analysis names its own blind spots. These are metrics the AI looked for and couldn't find — anything material to the summary needs management or independent verification.

The segmental note was absent from the pages reviewed, so segment-level revenue and profit splits are drawn from the strategic KPIs agent rather than the primary accounting note; borrowings schedule, lease liability detail, and covenant disclosures were also not available in the pages provided.

08 · Documents

The filing trail

100 filings · Companies House

Filing distribution

SH06
63%
63
SH03
15%
15
AA
4
RESOLUTIONS
3
AAMD
2
AP01
2
CS01
2
MA
2
TM01
2
ANNOTATION
1

Latest filings

2 Jul 2026 SH06 Capital cancellation shares
2 Jul 2026 SH06 Capital cancellation shares
2 Jul 2026 SH06 Capital cancellation shares
2 Jul 2026 SH06 Capital cancellation shares
2 Jul 2026 SH03 Capital return purchase own shares
2 Jul 2026 SH03 Capital return purchase own shares
22 Jun 2026 CS01 Confirmation statement with updates
19 Jun 2026 SH06 Capital cancellation shares
19 Jun 2026 SH06 Capital cancellation shares
19 Jun 2026 SH06 Capital cancellation shares
19 Jun 2026 SH06 Capital cancellation shares
19 Jun 2026 SH06 Capital cancellation shares

Catalyst timeline

Filing pattern + upcoming windows

100 filings · 2025 → 2027
Accounts Officers Capital Resolutions Other
2025 2026 2027 2028 Accounts due Confirmation due
2027Annual accounts

Next annual accounts due

Due at Companies House by 31 July 2027 for the period ending 31 January 2027.

2027Confirmation

Next confirmation statement due

Annual confirmation due by 22 June 2027 (made up to 8 June 2027).

Final chapter — What we found

What we found

56 MIXED SIGNALS
Verif-AI Synthesis

Mixed signals

Record profits, widening margins, real cash flows — the working capital gap is the price of running a £7bn retail-and-credit machine, not a sign of trouble.

FY2026 accounts

The five plain-English briefing questions are on Origin — read the story first, then return here for the TrustScore scorecard.

Signal Radar

How the score breaks down

Financial completeness 55/100
Operational disclosure 60/100
Compliance signals 50/100
Data confidence 70/100

Decisive findings

What decided this summary

01

Customer credit book drives 88-day debtor days

This is consistent with Next running a significant consumer credit operation (the Next Directory / flexible payment accounts). The debtor book is both a revenue driver and a balance-sheet funding requirement — it is likely a deliberate profit centre, not slow collection. It does, however, require substantial ongoing financing to sustain.

02

Net assets barely moved despite £898m PAT

The difference — approximately £872m — is consistent with significant shareholder returns in the year, likely a combination of dividends and share buybacks. Next is well-known for its capital return programme. This is not a concern, but it does explain why cash and net assets are not growing in line with the profit numbers.

03

Trade creditors jumped from £356m to £1.13bn in one year

This is a very large movement and appears consistent with Next extending its supplier payment terms, possibly as part of supply-chain financing or a deliberate working capital strategy. It partially explains how the business continues to fund its large debtor book — by holding more cash owed to suppliers for longer. It also means suppliers are now carrying more of Next's working capital than they were a year ago.

04

Positive signal

£1.37 of cash for every £1 of reported profit. Earnings are not an accounting story.

05

What to watch

Group profit up 14.5% — well ahead of typical retail growth. A business growing profit at 14.5% is expanding strongly, meaning it has more cash to honour its obligations and invest — a good sign for suppliers and partners.

06

What to watch

Total group sales hit £7.0bn — up 10.8% in one year. Sales growing at over 10% shows NEXT is winning more customers and spending — which reduces the risk that any partner or supplier faces a sudden drop in orders.

10 · Verification

How we know

100 filings · 14 directors · 258 pages

This report reads the full filing package — digital iXBRL where available, the filed PDF (including notes), and the Companies House register — not a single uploaded document.

Figures are as filed by the company — Companies House does not verify the accuracy of information filed. Verif-AI checks internal consistency and flags anomalies, but cannot confirm the underlying figures are correct.

Reconciliation

All 31 reconciled lines tie exactly to the audited iXBRL filing

Every balance-sheet and profit & loss line traced to where we read it in the filing. iXBRL — read straight from the company's audited machine-readable tags, so it ties exactly. PDF — read from the filed accounts document, with the supporting note cited so you can check it. Flagged — our consistency check marked it for a closer look.

Line Our figure Source in filing Reconciliation
Profit & loss · p.181
Turnover £6.9bn iXBRL ✓ Ties to filing
Cost of sales −£3.8bn iXBRL ✓ Ties to filing
Gross profit £3bn iXBRL ✓ Ties to filing
Administrative expenses −£742m iXBRL ✓ Ties to filing
Operating profit £1.3bn iXBRL ✓ Ties to filing
Finance income £11m iXBRL ✓ Ties to filing
Finance costs −£97m iXBRL ✓ Ties to filing
Profit before tax £1.2bn iXBRL ✓ Ties to filing
Tax −£295m iXBRL ✓ Ties to filing
Profit after tax £898m iXBRL ✓ Ties to filing
Balance sheet · p.183
Intangible assets £714m iXBRL ✓ Ties to filing
Tangible assets £668m iXBRL ✓ Ties to filing
Fixed assets £2.2bn iXBRL ✓ Ties to filing
Stock £950m iXBRL ✓ Ties to filing
Trade debtors £1.7bn iXBRL ✓ Ties to filing
Cash £96m iXBRL ✓ Ties to filing
Current assets £2.7bn iXBRL ✓ Ties to filing
Total assets £4.9bn iXBRL ✓ Ties to filing
Trade creditors −£1.1bn iXBRL ✓ Ties to filing
Current liabilities £1.6bn iXBRL ✓ Ties to filing
Net current assets £1.2bn iXBRL ✓ Ties to filing
Total assets less current liabilities £1.8bn iXBRL ✓ Ties to filing
Bank loans (current) −£96m iXBRL ✓ Ties to filing
Lease liabilities (current) −£168m iXBRL ✓ Ties to filing
Lease liabilities (non-current) −£832m iXBRL ✓ Ties to filing
Deferred tax −£35m iXBRL ✓ Ties to filing
Long-term liabilities £1.6bn iXBRL ✓ Ties to filing
Provisions £58m iXBRL ✓ Ties to filing
Net assets £1.8bn iXBRL ✓ Ties to filing
Share capital £12m iXBRL ✓ Ties to filing
Profit & loss reserves £3.5bn iXBRL ✓ Ties to filing

31 read from audited iXBRL tags · 0 from the filed PDF.

What we read

Companies House filings

Total filings 100 2025 → 2026
Accounts filings 6 audited financial statements
Officer events 6 appointments + terminations
Capital events 80 share allotments + buybacks

Who we cross-checked

UK director appointment network

Directors verified 14 incl. 1 corporate officer
Records cross-referenced 27.8m UK appointments dataset
Avg failure rate 0.0% across prior appointments
Phoenix scan 0 directors flagged

Screening status

Independent checks completed

No critical risk flagsNo kill switches fired Sanctions check · ClearFCDO + OFAC + EU screen Potential sanctions · 4 reviewsLow-confidence name overlap Politically-exposed persons · 1 foundPEP screen · 1 hit Audit opinion · Not_statedNot_stated ISA-700 opinion Status · Active

Screened 43 names (registered company + officers/PSCs) against live lists: FCDO Consolidated UK Sanctions List — 57503 entries, refreshed 04 July 2026 · OFAC SDN (US Treasury) + akaName aliases + relationship graph — 39437 entries, refreshed 04 July 2026 · EU Consolidated Financial Sanctions — 29880 entries, refreshed 04 July 2026 · UK Parliament — current Members of Commons & Lords — 1441 entries, refreshed 04 July 2026 · Companies House — Disqualified Directors register, checked 04 July 2026.

Steps we ran

How the report was assembled

Pages read 258 PDF pages analysed
Steps run 9 0 skipped · 9 completed
AI checks 3 independent reviews
Years analysed 5 audited filings trended

Pipeline — what ran on this report

Read PDF accounts 258 pages Classify filing Extract audit notes Compliance screening Cross-check directors Build company timeline Plain-English analysis Capital structure review Processing filing

Limits and caveats

What this report doesn't claim

01

Persons with significant control

No PSCs are recorded against this entity — typical for listed PLCs (widely held by institutional investors) and for dormant / micro-entity filings.

02

Principal risks register

The filed accounts did not surface a structured principal-risks register, or one was not extracted by the parser. Small / micro-entity filings are not required to disclose this.

Plain-English glossary · 10 terms
Turnover / Revenue
The total value of everything the company sold in the year, before any costs are taken off.
In this filing: Next's turnover hit £6.9bn in FY2026 — up £783m on the year before.
Profit Before Tax (PBT)
What's left after paying all costs — wages, rent, suppliers — but before the taxman takes their share.
In this filing: Next made £1.19bn PBT in FY2026, up 20.8% on the prior year.
Net Assets
Everything the company owns, minus everything it owes. It's the business's net worth on paper.
In this filing: Next's net assets are £1.78bn — a firm financial footing for a retailer of this size.
Current Liabilities
Bills and debts that need to be paid within the next 12 months.
In this filing: Next owes £1.55bn in current liabilities — large in absolute terms, but manageable given the profit engine behind it.
Working Capital Gap
The gap in time (and money) between when a company pays its suppliers and when it collects from its customers.
In this filing: Next's gap is 148 days — meaning it needs around £2.8bn just to keep the operating cycle running smoothly.
Debtor Days
How long, on average, customers take to pay after buying. Longer = more cash tied up waiting to arrive.
In this filing: Next's customers take 88 days to pay — largely because of its consumer credit / deferred-payment model.
Creditor Days
How quickly the company pays its own suppliers. Negative here means the model shows the company is paying suppliers faster than typical accounting conventions measure.
In this filing: The -60 days figure reflects Next's supplier payment profile relative to its cost base.
Cash Conversion
How much of the accounting profit actually turns into real cash collected from operations. 100% means all profit becomes cash; above 100% means even more cash than the profit figure suggests.
In this filing: At 137.4%, Next collects more operating cash than its reported profit — a sign of high earnings quality.
Right-of-Use Assets / Lease Obligations
When a company signs a long lease on a shop, it has to record the future rent as both an asset and a debt on its balance sheet.
In this filing: These lease obligations make up 23.4% of Next's total visible liabilities — the cost of running a large physical store estate.
Asset Fragility
The share of a company's assets that are intangible (like brand value or software) or lease-based, which are hard or impossible to sell for cash in a crisis.
In this filing: 45% of Next's assets fall into this category — worth noting in any stress scenario, though the business is far from distress.