{"name":"FRANK SMYTHSON LIMITED","company_number":"03594597","status":"Active","type":"Private Limited Company","incorporated":"1998-07-08","dissolved":null,"registered_office":"257a Pavilion Road 257a Pavilion Road, London, England, SW1X 0BP","postcode":"SW1X 0BP","sic_codes":[{"code":47722,"description":"Retail sale of leather goods in specialised stores"}],"principal_activity":"The principal activity of the company continued to be that of a multi-channel luxury leather goods and stationery retailer.","previous_names":[{"name":"MULTISTYLE LIMITED","changed_on":"1998-12-02"}],"warnings":[],"accounts":{"category":"Full","year_end":"31 March","last_made_up_to":"2025-03-30","next_due":"2026-12-31"},"employees":{"count":148,"accounts_date":"2025-03-30"},"financials":[{"financial_date":"2025-03-30","profit_loss":-1037,"net_assets":-15698,"cash":917,"average_employees":148},{"financial_date":"2024-03-31","profit_loss":-6632,"net_assets":-15621,"cash":355,"average_employees":171},{"financial_date":"2023-04-02","net_assets":-9865,"cash":158},{"financial_date":"2022-03-27","cash":1056},{"financial_date":"2021-03-28","turnover":16855,"cash":2353}],"officers":{"current":5,"resigned":24,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":3,"outstanding":3},"gazette_notices":[{"date":"2026-09-15","kind":"other"}],"insolvency_outcome":null,"ai_summary":"Frank Smythson Limited is a niche heritage luxury brand operating at a scale well below sector leaders, with FY25 revenue of £23.3m representing a 14.6% decline year-on-year — underperforming a sector that saw low-single-digit contractions. While the 71% gross margin is competitive and the +31% retail LFL growth signals improving store productivity following the New Bond Street closure, the business remains loss-making at the EBITDA level (£-4.2m) and carries a deeply insolvent balance sheet (shareholders' funds of £-38.8m) that is only sustainable through parent company support. The recent acquisition by Oakley Capital provides financial runway and strategic direction, but Smythson must address its digital underperformance, achieve operating profitability, and successfully execute international expansion — particularly the promising Japanese market entry — to establish a viable long-term competitive position within the luxury leather goods sector.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/frank-smythson","people":"https://www.companiesintheuk.co.uk/company/frank-smythson/people","filing_history":"https://www.companiesintheuk.co.uk/company/frank-smythson/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/03594597","financials":"https://www.companiesintheuk.co.uk/company/frank-smythson/financial","gazette":"https://www.companiesintheuk.co.uk/company/frank-smythson/gazette","control":"https://www.companiesintheuk.co.uk/company/frank-smythson/control","charges":"https://www.companiesintheuk.co.uk/company/frank-smythson/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/frank-smythson/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/frank-smythson"}