NEXT RETAIL LIMITED

Active
Company number 04521150Private limited companyIncorporated 2002

Key figures

£4,017,723,000-1.7%
Net assets 2025/26
-1.7%
Average annual change 2024/25–2025/26
02 bn4 bn6 bn2024/252025/26

† NEXT RETAIL LIMITED filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

NEXT RETAIL LIMITED does not disclose its turnover in its latest accounts; the profit for the year is as stated in the accounts.

Ratios

2025/26

Sector comparison

SIC 47710

Where the company stands among the 20,658 active companies whose first SIC code is 47710 (Retail sale of clothing in specialised stores).

Net assets£4,017,723,000
Higher than 99% · median £2,304
Total assets£6,369,018,000
Higher than 99% · median £30,863
Cash£17,474,000
Higher than 99% · median £9,958
Employees31,355
Higher than 99% · median 1
Company age24.2 years
Older than 95% · median 3.4 years
Largest in this sector by net assets
  1. NEXT RETAIL LIMITED£4bn
  2. JD SPORTS FASHION PLC£3.4bn
  3. PRIMARK STORES LIMITED£1.1bn
  4. COACH STORES LIMITED£511.2m
  5. ITX UK LIMITED£315.9m
  6. DRESS HOLDCO A LIMITED£195.2m
  7. HERMES (G.B.) LIMITED£171.2m
  8. AK RETAIL GROUP LIMITED£156.8m
  9. H&M HENNES & MAURITZ UK LIMITED£133.2m
  10. URBN UK LIMITED£118.1m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 20,658. The line on each bar marks the median.

Summary: NEXT RETAIL LIMITED

What kind of company is it?

NEXT RETAIL LIMITED is a private limited company registered with Companies House under company number 04521150. It was incorporated on 29 Aug 2002. Its status is active. The registered office is in Leicester (LE19). Its nature of business (SIC 2007) is retail sale of clothing in specialised stores (47710), retail sale of footwear in specialised stores (47721), other retail sale of new goods in specialised stores (not commercial art galleries and opticians) (47789), retail sale via mail order houses or via Internet (47910).

How is the company doing financially?

The latest accounts in the database are for 2025/26 (period ending 31 Jan 2026); the company files audit-exempt subsidiary. Profit for the year was £760,032,000. Net assets were £4,017,723,000, down 1.7% on the previous year. Cash at bank and in hand was £17,474,000. Total assets were £6,369,018,000 and total liabilities £2,351,295,000. The company had an average of 31,355 employees. Figures are available for 2 financial years (2024/25–2025/26).

How does it compare with similar companies?

Compared with 20,658 active companies whose first SIC code is 47710: By net assets it ranks higher than 99% of them (median £2,304). By total assets it ranks higher than 99% of them (median £30,863). By cash it ranks higher than 99% of them (median £9,958). By number of employees it ranks higher than 99% of them (median 1). It is older than 95% of them (median age 3.4 years).

Has it received government grants?

It is recorded as the recipient of 3 central government grants worth £121.5k, mainly from Department for Work and Pensions.

What do public registers and reports show?

It appears on the Home Office register of licensed sponsors (Global Business Mobility: Senior or Specialist Worker, Skilled Worker). HMRC lists it as an importer of goods, mainly miscellaneous manufactures, toys, games and sports goods, furniture and lighting. HMRC lists it as an exporter of goods, mainly miscellaneous manufactures, furniture and lighting, glass. In its latest payment practices report it took an average of 23 days to pay suppliers, and 16% of invoices were not paid within agreed terms. Its gender pay gap report for 2025/26 shows median hourly pay for women 10.9% lower than for men. It has modern slavery statements on the government registry for 7 years.

Who runs and controls the company?

One person with significant control is registered.

When are its next filings due?

The next accounts are due by 31 Oct 2027. The next confirmation statement is due by 22 Jun 2027.

Filed accounts2024/25–2025/26
2024/25 †2025/26 †
Profit for the year581,843,000760,032,000
Cash at bank and in hand29,764,00017,474,000
Total assets6,065,894,0006,369,018,000
Total liabilities1,977,529,0002,351,295,000
Net assets / total equity4,088,365,0004,017,723,000
Average number of employees31,26131,355

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Government grants

3 grants

NEXT RETAIL LIMITED is recorded as the recipient of 3 central government grants since 2021, together worth £121.5k.

Funders
Department for Work and Pensions
2 grants · £120k
Department for Education
1 grant · £1,500
Grants
  1. Apprenticeships Participation 16 - 18Department for Education · £1,500
  2. NEXT RETAILDepartment for Work and Pensions · £60,275 · Kickstart Scheme
  3. NEXT RETAILDepartment for Work and Pensions · £59,706 · Kickstart Scheme

From the Government Grants Register published by the Cabinet Office (financial years 2016/17 onwards, Open Government Licence v3.0). It covers grants from central government departments and their agencies where the register states the recipient's company number and the recipient name matches this company; grants from local authorities, lottery distributors and devolved governments are not included.

Statutory reporting

Payment practices1 Feb 2026 – 1 Aug 2026
Average time taken to pay invoices
23 days
Invoices not paid within agreed terms
16%
Member of a payment code
No
  • Within 30 days 94%
  • 31 to 60 days 5%
  • After 60 days 1%
Earlier periods (7)
Period ending
Days to pay
Within 30 days
Late
31 Jan 2026
24
95%
14%
26 Jul 2025
24
89%
28%
25 Jan 2025
23
86%
36%
27 Jul 2024
22
92%
20%
27 Jan 2024
22
91%
21%
29 Jul 2023
23
91%
19%
28 Jan 2023
24
90%
17%

View the latest report on GOV.UK

Gender pay gap2025/26
Median hourly pay
women 10.9% lower
Mean hourly pay
women 24.2% lower
Median bonus pay
women 32.7% lower
Employer size
20,000 or more employees
Lower pay quarter77% womenLower middle81% womenUpper middle75% womenUpper pay quarter54% women
Earlier years (7)
Year
Median hourly pay
Mean hourly pay
2024/25
women 17.1% lower
women 27% lower
2023/24
women 17.3% lower
women 27.8% lower
2022/23
women 8.1% lower
women 31.2% lower
2021/22
women 26.9% lower
women 19.2% lower
2020/21
women 28.3% lower
women 20.6% lower
2018/19
women 2.3% lower
women 18.9% lower
2017/18
women 1.7% lower
women 15.5% lower

A positive gap means women's average hourly pay is lower than men's across the whole employer; it is not a comparison of pay for the same work. View on the Gender pay gap service

Modern slavery statements7
2026
Statement · summary on GOV.UK · group statement (NEXT PLC)
2025
Statement · summary on GOV.UK · group statement (NEXT PLC)
2024
Statement · summary on GOV.UK · group statement (NEXT PLC)
Earlier years (4)
2023
Statement · summary on GOV.UK · group statement (NEXT PLC)
2022
Statement · summary on GOV.UK · group statement (NEXT PLC)
2021
Statement · summary on GOV.UK · group statement (NEXT PLC)
2020
Statement · summary on GOV.UK · group statement (NEXT PLC)

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

Registers and licences

Sponsor licence‡
Licence type and rating
Worker (A rating)
Routes
Global Business Mobility: Senior or Specialist Worker, Skilled Worker

On the Home Office register of licensed sponsors, which lists organisations licensed to sponsor workers from overseas.

International trade‡

Listed by HMRC as an importer of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: miscellaneous manufactures, toys, games and sports goods, furniture and lighting, electrical equipment and optical, medical and measuring instruments.

Listed by HMRC as an exporter of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: miscellaneous manufactures, furniture and lighting, glass, footwear and toys, games and sports goods.

From HMRC's monthly lists of importers and exporters. Traders can ask to be left off the lists, so absence does not mean a company does not trade.

Sources: Charity Commission for England and Wales, Care Quality Commission, Home Office and HM Revenue & Customs, under the Open Government Licence v3.0. Entries marked ‡ come from lists that do not state a company number and were linked by an exact match on the registered name.

History

4 events
  1. Financial year 2025/26 endedAccounts: net assets £4bn, 31,355 employees
  2. Financial year 2024/25 endedAccounts: net assets £4.1bn, 31,261 employees
  3. Next Holdings Limited registered as a person with significant control
  4. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current persons with significant control, and the end of each financial year with figures in the database. Former persons with significant control are not listed.