LEATHBOND 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

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the Group's forecasts and projections, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The Group modelled a range of outcomes based on management expectations from a most likely, to a worst case scenario plan. All forecasts show the Group has adequate resources and therefore continues to adopt the going concern basis in preparing its consolidated financial statements.”

Group structure

1. LEATHBOND LIMITED · parent
   1. London and Cambridge Properties Limited 60% · UK · Holding company
   2. Edgeside Limited 100% · UK · Property management
   3. Myrsine Properties Limited 100% · UK · Property management
   4. L.C.P. Management Limited 100% · UK · Management services
   5. LCP Properties Sp. Zo.o. 100% · Poland · Provision of management services
   6. GIPAM GmbH 100% · Germany · Provision of management services
   7. LCP Romania S.A. 100% · Romania · Property management

Significant events

• “Subsequent to the year end, the Group secured additional funding and made various drawdowns and repayments across the UK and European operations. In the UK the Group agreed a £40m increase in an existing facility alongside a one-year extension, and a further £50m increase to another existing facility. Net drawdowns of £100.0m and €65.5m were made on UK facilities. In Poland, the Group drew down €21.9m and made repayments of €0.6m and PLN 2.8m on existing facilities. A two-year extension was agreed on a PLN 29.6m facility now maturing July 2027. Additionally, a new €4.8m facility was signed and fully drawn with a maturity of July 30. Repayments of €3.6m and €0.3m have been made to existing facilities in Germany and Romania respectively.”

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

Filings

8

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

  +13.6%

  £224,953,000 → £255,649,000

• Cash

  +11.2%

  £81,297,000 → £90,431,000

• Net assets

  +7.9%

  £1,273,885,000 → £1,374,909,000

• Employees

  +19.3%

  306 → 365

• Operating profit

  +1%

  £230,635,000 → £233,005,000

• Profit before tax

  -5.3%

  £183,608,000 → £173,877,000

• Wages

  +13.5%

  £24,900,000 → £28,267,000

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