David Austin Roses (Holdings) Limited - Limited company accounts 25.1

REGISTERED NUMBER: 11456736 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2025

FOR

DAVID AUSTIN ROSES (HOLDINGS) LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Balance Sheet

11

Statement of Changes in Equity

12

Notes to the Financial Statements

13

DIRECTORS:

Mr R D C Austin

Miss S E Oldham

Mr T Smith

Mr J H Austin

Miss O R Austin

SECRETARY:

Mr T Smith

REGISTERED OFFICE:

Bowling Green Lane

Albrighton

Wolverhampton

West Midlands

WV7 3HB

REGISTERED NUMBER:

11456736 (England and Wales)

AUDITORS:

Stanton Ralph & Co Limited

Chartered Accountants

Statutory Auditor

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

The directors present their strategic report for the year ended 31st July 2025.

REVIEW OF BUSINESS

On 1st August 2024, David Austin Holdings Limited became the ultimate parent undertaking of the company following a share-for-share exchange under which it acquired the entire issued share capital of David Austin Roses (Holdings) Limited.

Following the share-for-share exchange, the principal activity of the company during the year was that of an intermediate holding company.

The company’s principal assets comprise its investments in subsidiary undertakings. The performance and financial position of the company are therefore closely linked to the performance of those subsidiaries and the wider group.

The company and its subsidiary undertakings are included in the consolidated financial statements of David Austin Holdings Limited. A fuller review of the development, performance and position of the wider group is included in the strategic report accompanying those consolidated financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the company arise from its reliance on the continued profitability, cash generation and financial support of its subsidiary undertakings and the wider group. The directors manage these risks through regular review of the trading performance, cash flows and financial position of the group’s operating businesses.

SECTION 172(1) STATEMENT

The directors have acted in the way they consider, in good faith, would be most likely to promote the success of the group for the benefit of its members as a whole, having regard to the matters set out in section 172(1) of the Companies Act 2006.

In making decisions during the year, the directors considered the long-term consequences of its actions and the interests of the company's key stakeholders, including employees, customers, suppliers and the wider communities in which it operates. The company's reputation for quality, innovation and responsible business practices is fundamental to its long-term success and is taken into account when strategic and operational decisions are made.

The directors receive regular information on employee engagement, customer feedback, supplier relationships, operational performance and business risks. Through ongoing dialogue with these stakeholders, the directors seek to ensure that decisions support sustainable growth, maintain high standards of product quality and customer service, and preserve the heritage and reputation associated with the David Austin Roses brand.

The directors also have regard to the need to act fairly between members of the company and to consider the impact of the company's operations on the environment and the wider community, whilst maintaining high standards of business conduct.

ON BEHALF OF THE BOARD:

Miss S E Oldham - Director

23rd July 2026

The directors present their report with the financial statements of the company for the year ended 31st July 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a holding company.

DIVIDENDS

Dividends of £23,336,256 (2024: £1,295,000) were paid during the year.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st August 2024 to the date of this report.

Mr R D C Austin

Miss S E Oldham

Mr T Smith

Other changes in directors holding office are as follows:

Mr J H Austin and Miss O R Austin were appointed as directors after 31st July 2025 but prior to the date of this report.

Mr D J C Austin ceased to be a director after 31st July 2025 but prior to the date of this report.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS

The company places significant importance on maintaining strong and collaborative relationships with its customers, suppliers and other stakeholders, many of whom are long-standing partners. Engagement is achieved through ongoing dialogue, customer service interactions, trade events and close collaboration with suppliers. Feedback from these stakeholders informs product development, quality standards and service delivery, supporting the company’s reputation for excellence and its sustainable growth.

STREAMLINED ENERGY AND CARBON REPORTING

The company has consumed 40,000 kWh of energy or less in the United Kingdom during the financial year and is therefore exempt from the detailed energy and carbon reporting requirements of the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Miss S E Oldham - Director

23rd July 2026

Opinion

We have audited the financial statements of David Austin Roses (Holdings) Limited (the 'company') for the year ended 31st July 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st July 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design

procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of

irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,

including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain

professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or

error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is

sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material

misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,

forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director.

- Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the

disclosures, and whether the financial statements represent the underlying transactions and events in a

manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Darren Foot FCA (Senior Statutory Auditor)

for and on behalf of Stanton Ralph & Co Limited

Chartered Accountants

Statutory Auditor

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

23rd July 2026

351,480

OTHER INCOME

899

(2,183

)

Administrative expenses

(110,996

)

353,663

111,895

1,561,021

Other income

-

1,914,684

OPERATING PROFIT

111,895

1,900,000

Income from shares in group
undertakings

810,000

158,779

Interest receivable and similar income

-

2,058,779

810,000

3,973,463

921,895

-

Interest payable and similar expenses

4

31,573

3,973,463

PROFIT BEFORE TAXATION

5

890,322

232,245

Tax on profit

6

(229,445

)

3,741,218

PROFIT FOR THE FINANCIAL YEAR

1,119,767

3,741,218

PROFIT FOR THE YEAR

1,119,767

-

OTHER COMPREHENSIVE INCOME

-

3,741,218

TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

1,119,767

FIXED ASSETS

21,084,285

Investments

8

5,322

CURRENT ASSETS

1,434,011

Debtors

9

189,690

143,875

Cash at bank

569

1,577,886

190,259

CREDITORS

29,704

Amounts falling due within one year

10

9,048

1,548,182

NET CURRENT ASSETS

181,211

22,632,467

TOTAL ASSETS LESS CURRENT LIABILITIES

186,533

229,445

PROVISIONS FOR LIABILITIES

12

-

22,403,022

NET ASSETS

186,533

CAPITAL AND RESERVES

5,320

Called up share capital

13

5,320

22,397,702

Retained earnings

14

181,213

22,403,022

SHAREHOLDERS' FUNDS

186,533

The financial statements were approved by the Board of Directors and authorised for issue on 23rd July 2026 and were signed on its behalf by:

Miss S E Oldham - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1st August 2023

5,320

19,951,484

19,956,804

Changes in equity

Dividends

-

(1,295,000

)

(1,295,000

)

Total comprehensive income

-

3,741,218

Balance at 31st July 2024

5,320

22,397,702

22,403,022

Changes in equity

Dividends

-

(23,336,256

)

(23,336,256

)

Total comprehensive income

-

1,119,767

Balance at 31st July 2025

5,320

181,213

186,533

1.	STATUTORY INFORMATION

David Austin Roses (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in Sterling and rounded to the nearest £1.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A.

Preparation of consolidated financial statements

The financial statements contain information about David Austin Roses (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, David Austin Holdings Limited, Bowling Green Lane, Albrighton, Shropshire, WV7 3HB, United Kingdom.

Significant judgements and estimates

Management do not consider there to be any significant areas of estimation uncertainty in the financial statements.

Turnover

Other income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments

Investments in listed shares and equity shares have been valued at fair value where publicly traded and the gains and losses have been adjusted in the profit and loss account in line with FRS102.

Investments in subsidiaries have been included at cost less impairment, in line with FRS102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Other income

Other income comprises income from listed investments and any increases arising from fair value adjustments of listed investments.

Income from government grants is recognised on an accruals basis as and when the associated expenditure is incurred. Income is shown gross of associated costs.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31st July 2025 nor for the year ended 31st July 2024.

The average number of employees during the year was NIL (2024 - NIL).

31.7.25

31.7.24

£

Directors' remuneration

-

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.7.25

31.7.24

£

Other interest

31,573

-

5.	PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

31.7.25

31.7.24

£

Profit on disposal of fixed assets

(120,793

)

(87,206

)

Auditors' remuneration

6,000

6.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the profit for the year was as follows:

31.7.25

31.7.24

£

Current tax:

UK corporation tax

-

2,800

Deferred tax

(229,445

)

229,445

Tax on profit

(229,445

)

232,245

7.

DIVIDENDS

Dividends of £23,336,256 (2024: £1,295,000) were paid during the year.

8.	FIXED ASSET INVESTMENTS

Listed

Unlisted

Totals

investments

£

COST OR VALUATION

At 1st August 2024

21,084,285

21,078,963

5,322

Disposals

(21,199,756

)

(21,199,756

)

-

Share of profit/(loss)

120,793

-

At 31st July 2025

5,322

-

5,322

NET BOOK VALUE

At 31st July 2025

5,322

-

5,322

At 31st July 2024

21,084,285

21,078,963

5,322

Listed investments held by the company at the balance sheet date were valued, on an active market basis, as at 31st July 2025, by the related investment management company. The original purchase price of listed investments was £nil (2024: £20,294,205).

The company's investments at the Balance Sheet date in the share capital of companies include the following:

David Austin Roses Limited

Registered office: Bowling Green Lane, Albrighton, Shropshire, WV7 3HB

Nature of business: Rose grower and retailer

%

Class of shares:

holding

Ordinary

100.00

31.7.25

31.7.24

£

Aggregate capital and reserves

19,839,441

19,905,190

Profit for the year

844,166

2,300,463

David Austin Rose Nursery Limited

Registered office: Bowling Green Lane, Albrighton, Shropshire, WV7 3HB

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

David Austin Rose Nursery Limited is a qualifying dormant subsidiary and under section 394A, Companies Act 2006 has not prepared individual financial statements.

David Austin Roses Japan KK

Registered office: Japan

Nature of business: Rose retailer and wholesaler

%

Class of shares:

holding

Ordinary

100.00

31.7.25

31.7.24

£

Aggregate capital and reserves

1,109,331

1,054,008

Profit for the year

83,208

104,253

DA English Roses Limited

Registered office: Bowling Green Lane, Albrighton, Shropshire, WV7 3HB

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.7.25

31.7.24

£

Loss for the year

-

(97,960

)

D A English Roses Limited is a qualifying dormant subsidiary and under section 394A, Companies Act 2006 has not prepared individual financial statements.

David Austin Roses Farms Limited

Registered office: Bowling Green Lane, Albrighton, Shropshire, WV7 3HB

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

31.7.25

31.7.24

£

Aggregate capital and reserves

100

David Austin Roses Farms Limited is a qualifying dormant subsidiary and under section 394A, Companies Act 2006 has not prepared individual financial statements.

9.

DEBTORS

31.7.25

31.7.24

£

Amounts falling due within one year:

Amounts owed by group undertakings

158,507

-

Other debtors

4,485

Tax

26,698

26,453

189,690

30,938

Amounts falling due after more than one year:

Amounts owed by participating interests

-

1,403,073

Aggregate amounts

189,690

1,434,011

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Amounts owed to group undertakings

-

21,497

Tax

2,142

2,800

Directors' current accounts

907

Accrued expenses

5,999

4,500

9,048

29,704

11.	SECURED DEBTS

An unlimited Multilateral Guarantee dated October 2019 has been given by the company and its fellow subsidiary undertakings, David Austin Roses Limited and David Austin Rose Nursery Limited in favour of the company's bankers.

A cross guarantee exists between these group companies whereby certain compensating bank balances are offset against each other. As at the company's balance sheet date, the company has no overdrawn bank balances subject to this offset.

12.	PROVISIONS FOR LIABILITIES

31.7.25

31.7.24

£

Deferred tax

-

229,445

Deferred

tax

£

Balance at 1st August 2024

229,445

Credit to Income Statement during year

(229,445

)

Balance at 31st July 2025

-

Deferred tax relating to accelerated capital allowances is expected to reverse over the useful life of the associated assets. Tax relating to changes in the value of listed investments will be recognised on the sale of investments.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

2,280

Preference

£1

2,280

3,040

Ordinary 'B'

£1

3,040

5,320

Both share classes are irredeemable, carry voting rights and are entitled to receive dividends. The capital rights of each share class in a winding up are specified in paragraph 2.6 of the company's Articles of Association.

14.

RESERVES

Retained

earnings

£

At 1st August 2024

22,397,702

Profit for the year

1,119,767

Dividends

(23,336,256

)

At 31st July 2025

181,213

15.	ULTIMATE PARENT COMPANY

On 1st August 2024, David Austin Holdings Limited became the ultimate parent undertaking of the company following a share-for-share exchange under which it acquired the entire issued share capital of David Austin Roses (Holdings) Limited.

David Austin Holdings Limited is the parent undertaking of the smallest and largest group for which consolidated financial statements are prepared and of which the company is a member. Copies of those consolidated financial statements may be obtained from its registered office at Bowling Green Lane, Albrighton, Shropshire, WV7 3HB.

16.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

17.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the David Austin Holdings Limited group post restructure is the D C H Austin Will Trust, of which D J C Austin was a trustee until his sad demise on 18th July 2026.