Qvc UK
Retail sale via mail order houses or via Internet · London
ActiveUnited KingdomIncorporated 1993Private Unlimited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£126,489,000
Cash
£47,345,000
Turnover
£479,798,000
Profit / loss
£17,619,000
Current assets
£179,170,000
Creditors < 1 year
£66,038,000
Equity
£126,489,000
Average employees
1,659
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 | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £126,489,000 | £138,470,000 |
| Equity | £126,489,000 | £138,470,000 |
| Retained earnings | £107,262,000 | £119,143,000 |
| Assets | ||
| Fixed assets | £26,968,000 | £34,792,000 |
| Intangible assets | £9,815,000 | £15,331,000 |
| Property, plant & equipment | £16,964,000 | £19,272,000 |
| Investments | £189,000 | £189,000 |
| Current assets | £179,170,000 | £189,182,000 |
| Cash at bank | £47,345,000 | £14,197,000 |
| Debtors | £82,440,000 | £102,126,000 |
| Stock | £49,385,000 | £62,369,000 |
| Liabilities | ||
| Creditors within one year | £66,038,000 | £72,209,000 |
| Creditors after one year | £9,884,000 | £10,964,000 |
| Provisions | £3,727,000 | £2,331,000 |
| Net current assets | £113,132,000 | £116,973,000 |
| Assets less current liabilities | £140,100,000 | £151,765,000 |
| Profit & loss | ||
| Turnover | £479,798,000 | £493,401,000 |
| Cost of sales | £242,017,000 | £248,141,000 |
| Gross profit | £237,781,000 | £245,260,000 |
| Distribution costs | £68,207,000 | £64,609,000 |
| Administrative expenses | £150,018,000 | £152,292,000 |
| Operating profit | £19,556,000 | £28,359,000 |
| Interest receivable | £5,241,000 | £5,042,000 |
| Interest payable | £652,000 | £289,000 |
| Profit before tax | £24,145,000 | £33,112,000 |
| Tax | £6,526,000 | £7,643,000 |
| Profit / loss | £17,619,000 | £25,469,000 |
| Dividends | — | £102,900 |
| Operating costs | ||
| Depreciation | £5,190,000 | £4,953,000 |
| Amortisation | £7,535,000 | £6,273,000 |
| Audit fees | £276,000 | £278,000 |
| People & pay | ||
| Average employees | 1,659 | 1,728 |
| Staff costs | £79,710,000 | £80,434,000 |
| Wages & salaries | £64,947,000 | £65,736,000 |
| Social security costs | £7,499,000 | £6,319,000 |
| Pension costs | £6,327,000 | £6,600,000 |
| Directors' remuneration | £2,619,000 | £2,247,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- KPMG LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- QVC Britain and QVC UK Holdings Limited
- Ultimate parent
- QVC Group, Inc.
- Ultimate controlling party
- QVC Group, Inc.
- Accounts
- FRS 102
- Approved
- 2026-09-07, signed by Michael John Dunne
Subsidiaries (1)
- QVC Iberia · 100% · Paseo De La Castellana 141 Madrid 28028
Turnover by segment (4)
- UK and Ireland: 479,373 (000s) (2025-12-31)
- Rest of Europe: 425 (000s) (2025-12-31)
- UK and Ireland: 492,899 (000s) (2024-12-31)
- Rest of Europe: 502 (000s) (2024-12-31)
Related parties (4)
- QVC Japan · related party · UK expat and project costs · (275) (000s)
- QVC Japan · related party · UK expat and project costs · (325) (000s)
- QVC Japan · related party · Receivables outstanding · 28 (000s)
- QVC Japan · related party · Receivables outstanding · 42 (000s)
Share classes (1)
- 10 Ordinary of £1 each
Events after the year end (2)
- On 16 April 2026, the Company's ultimate parent undertaking, QVC Group, Inc., voluntarily commenced Chapter 11 proceedings in the United States.
- QVC Group, Inc. successfully completed the Chapter 11 process on 6 August 2026.
Contingent liabilities (1)
- In the normal course of business, the Company is, from time to time, subject to legal actions, contractual disputes, employment claims and tax assessments; in the opinion of the Directors, the ultimate resolution of these matters will not have a material adverse effect on the Company.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFloating · created 2025-10-01
—
OutstandingShow 1 satisfied / released
Property · created 1999-05-12 · satisfied 2023-03-31
All monies
Satisfied