THE LUNDY COMPANY LIMITED

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

FRS 102 §1A

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After accounting for the insured losses and recovery against third party insurers, Lundy is reporting a trading loss of £76,537 for the year ending 31st December 2024 (2023: 64,540) and has marginally lower reserves of £1.17 million (2023: £1.24 million). The directors consider these reserves sufficient to cover the principal risk to Lundy's financial performance; volatility in weather resulting in loss revenue, and travel disruptions to the island. At the time of writing the Oldenburg is fully operational and a long term maintenance plan with The National Trust is in place. In additional Lundy's buildings are insured and have shown to be able to withstand adverse weather events. Therefore the directors have not identified any material uncertainty arising to affect going concern.”

Significant events

• “The M.S. Oldenburg suffered a short two week delay to the start of the sailing season, followed by unprecedented levels of cancelled sailings arising from poor weather, impacting both day trip passenger numbers and stayers on the island.”
• “In late 2022 the MS Oldenburg suffered a flooding incident whilst in dry dock, and as a consequence, Lundy suffered loss of income and additional running costs. Lundy is currently seeking recovery against third party insurance. A minimum of £388,622 insurance recovery has been agreed. The insurers have paid £250,000 and advised that a further agreed amount of £138,622 is due.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +0.1%

  £3,205,126 → £3,207,890

• Cash

  -3.6%

  £1,569,558 → £1,513,430

• Net assets

  -6.2%

  £1,244,781 → £1,168,208

• Employees

  +7.9%

  38 → 41

• Operating profit

  -0.8%

  -£117,529 → -£118,495

  lowest in 4 filed years

• Profit before tax

  -18.6%

  -£64,540 → -£76,573

  lowest in 4 filed years

• Wages

  +10.3%

  £1,060,329 → £1,169,192

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers