LEVERTONHELM LIMITED

• ⚠

  Material uncertainty over going concern

  Material uncertainty related to going concernWe draw attention to Note 22 in the financial statements, which indicates that there is an material uncertainty relating to going concern as the company is reliant upon the ongoing support of the parent company and if the forccast support was withdrawn, the company would need to seek alternative sources of finance, which would not be guaranteed on the basis of the recent trading results.

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

Reporting scope

Standalone (parent only)

Auditor

Caldwell Penn Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Material uncertainty related to going concernWe draw attention to Note 22 in the financial statements, which indicates that there is an material uncertainty relating to going concern as the company is reliant upon the ongoing support of the parent company and if the forccast support was withdrawn, the company would need to seek alternative sources of finance, which would not be guaranteed on the basis of the recent trading results.”

Significant events

• “Trading during 2024 continued to be challenging with global lithium prices continuing to fall from $20/kg at the start of the year to lower $10's/kg at the end. The company processed and sold more lithium during 2024 than the prior year but the impact of lower prices was the dominant event of the year.”
• “During Q1 2025, the company has unveiled its new production facility in Basingstoke, substantially increasing the available production capacity. In addition, further investment into plant and machinery continues throughout 2025 with additional volumes coming online during the second half of 2025. The new facilities will increase capacity of the company's speciality products.”
• “The lithium carbonate market continues to experience weak demand and is not expected to recover until late 2025. The global instability currently being experienced including a slow-down in the Chinese economy and the global economic turbulence brings an element of uncertainty to the future business outlook.”

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

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -61.2%

  £103,511,227 → £40,142,880

• Cash

  —

  Not reported

• Net assets

  -47.3%

  -£18,762,805 → -£27,632,530

  lowest in 6 filed years

• Employees

  +6.8%

  74 → 79

  highest in 6 filed years

• Operating profit

  +91.4%

  -£49,132,866 → -£4,232,675

• Profit before tax

  +83.2%

  -£52,799,588 → -£8,869,725

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