LCH LIMITED

1. LCH LIMITED 2016-12-09 → present
2. LCH.CLEARNET LIMITED 2003-12-19 → 2016-12-09
3. THE LONDON CLEARING HOUSE LIMITED 1991-06-04 → 2003-12-19
4. INTERNATIONAL COMMODITIES CLEARING HOUSE LIMITED 1888-02-22 → 1991-06-04

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

UK adopted International Accounting Standards (IAS)

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Furthermore, the directors are not currently aware of any material uncertainties that may cast significant doubt upon the Company's ability to continue as a going concern. Therefore, the financial statements continue to be prepared on the going concern basis.”

Significant events

• “Listed Rates was launched at the end of September with a product offering of USD 3 month SOFR futures. The platform has recorded daily activity since launch and finished 2024 with 6 members and 8 clients who have all registered activity.”
• “In 2024, SwapClear continued to support the markets through significant ongoing market volatility and high trading volumes, leading to a number of service records.”
• “ForexClear sustained its growth in 2024 with record volumes across all products and services offered. Total notional cleared was $37.1 trillion, 34% higher than the previous record year in 2023.”
• “In 2024, RepoClear saw a year-on-year volume increase of 3% across 1.46 million trade sides cleared (2023: 1.42m) with €50 trillion of UK Gilt nominal cleared (2023: €47 trillion) an increase of 6%.”
• “Following the launch of the Company's clearing service for FMX Futures Exchange, L.P. ("FMX") in September 2024, the Board met with FMX senior leadership.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +12.3%

  £547,330,097 → £614,511,096

• Cash

  +6.7%

  £717,753,121 → £765,863,384

• Net assets

  +8.5%

  £949,029,126 → £1,030,079,750

• Employees

  -5%

  582 → 553

• Operating profit

  +9.8%

  £390,863,384 → £429,091,540

• Profit before tax

  +10%

  £424,150,485 → £466,366,158

• Wages

  +9.5%

  £87,985,437 → £96,307,212

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers