LUCY ELECTRIC UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-23 (this month)
Last made up 2025-05-09
Watchouts
None on the register
Cash
£9M
+39.3% vs 2023
Net assets
£24M
+20.2% vs 2023
Employees
206
+4% vs 2023
Profit before tax
£18M
+37.2% vs 2023
Name history
Renamed 3 times since incorporation
- LUCY ELECTRIC UK LIMITED 2015-02-12 → present
- LUCY SWITCHGEAR LIMITED 2013-03-01 → 2015-02-12
- LUCY ELECTRIC UK LIMITED 2007-11-28 → 2013-03-01
- POWER ISOLATORS LIMITED 1974-08-01 → 2007-11-28
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £88,210,018 | £99,839,037 | |
| Operating profit | £13,153,824 | £17,935,853 | |
| Profit before tax | £13,020,186 | £17,857,951 | |
| Net profit | £10,191,697 | £13,977,211 | |
| Cash | £6,159,008 | £8,577,666 | |
| Total assets less current liabilities | £24,743,850 | £28,348,989 | |
| Net assets | £19,721,084 | £23,698,295 | |
| Equity | £19,721,084 | £23,698,295 | |
| Average employees | 198 | 206 | |
| Wages | £9,235,814 | £10,024,919 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 14.9% | 18.0% | |
| Net margin | 11.6% | 14.0% | |
| Return on capital employed | 53.2% | 63.3% | |
| Current ratio | 1.87x | 2.29x | |
| Interest cover | 98.24x | 160.58x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Wenn Townsend
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed and considered information concerning the future of the company's operation and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements. 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.”
Significant events
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAXTON, Madeline | Secretary | 2006-01-01 | — | British |
| ASHTON, Gary David | Director | 2007-11-30 | Jan 1961 | British |
| DICK, Charles Richard | Director | 1996-02-29 | May 1950 | British |
| FINCH-DICK, Jonathan Charles | Director | 2017-12-08 | Nov 1980 | British |
| GRIFFITHS, John | Director | 2014-06-13 | Apr 1962 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRYAN, Robert Kenneth | Secretary | 2003-02-01 | 2005-12-31 |
| JARRETT, Marilyn Frances | Secretary | 2002-10-01 | 2003-02-28 |
| MORTIMER, Charlotte Woods | Secretary | — | 1996-02-29 |
| WINCKWORTH, Anthony John | Secretary | 1996-02-29 | 2002-09-30 |
| BOYD, Brian George | Director | — | 1996-08-13 |
| LEVICK, Christopher Robert | Director | 1996-02-29 | 2014-06-30 |
| MAYHEW, Richard | Director | — | 1996-02-29 |
| MORTIMER, Charlotte Woods | Director | — | 1996-02-29 |
| MORTIMER, Denis | Director | — | 1996-02-29 |
| NETHERWOOD, John | Director | 2021-02-12 | 2022-08-05 |
| NORTON, Stewart | Director | — | 1996-02-29 |
| RUSSELL, Anthony James, Mr. | Director | 2023-09-01 | 2024-12-16 |
| SELLICK, Carl Nicholas | Director | 2000-01-28 | 2015-02-12 |
| SIMMONS, Jeffrey Leonard | Director | — | 2000-06-30 |
| WOOLLARD, Ernest | Director | 1996-02-29 | 2007-11-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lucy Group Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 163 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-08 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-04 | AA | accounts | Accounts with accounts type full | |
| 2024-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-17 | AA | accounts | Accounts with accounts type full | |
| 2023-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-18 | AA | accounts | Accounts with accounts type full | |
| 2022-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-18 | CH01 | officers | Change person director company with change date | |
| 2022-03-18 | CH01 | officers | Change person director company with change date | |
| 2022-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-26 | AA | accounts | Accounts with accounts type full | |
| 2021-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-02 | AA | accounts | Accounts with accounts type full | |
| 2019-11-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+13.2%
£88,210,018 £99,839,037
-
Cash
+39.3%
£6,159,008 £8,577,666
-
Net assets
+20.2%
£19,721,084 £23,698,295
-
Employees
+4%
198 206
-
Operating profit
+36.4%
£13,153,824 £17,935,853
-
Profit before tax
+37.2%
£13,020,186 £17,857,951
-
Wages
+8.5%
£9,235,814 £10,024,919
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