UK Companies House feature
THE LONDON METAL EXCHANGE
Profile
- Company number
- 02128666
- Status
- Active
- Incorporation
- 1987-05-06
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 66120
- Hubs
- UK Fintech
Accounts
Pending extraction
No iXBRL extracted yet for this company.
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company holds capital in excess of regulatory requirements and is forecast to be profitable and cash generating for the foreseeable future. Accordingly, the going concern basis for preparing the financial statements is considered appropriate.”
Significant events
- “The Company generated trading fee revenue of $180,678,000, a 33% increase on the prior year attributable to continued growth in trading volumes. The Company's average daily volume (ADV) was 664k lots, an 18% year-on-year increase.”
- “Higher volumes were driven by volatility following sanctions on Russian metal, high prices (record highs for LME Copper), and healthy open interest.”
- “The Company continues to deliver against its published Action Plan to strengthen and enhance its markets, with enhancements to the physical market such as fast-track nickel brand listings.”
- “The Company listed six new nickel brands and saw ADV in LME Nickel contract rise above 50k lots for the first time since March 2022.”
- “The Company continued its programme to enhance core technology, including the development of a new commodity derivative platform (LMEselect v10), with launch phases between late 2024 and early 2025.”
- “In Q1 2024, the Company implemented a new Closing Price methodology for five major contracts, bringing greater determinism, transparency, and standardisation.”
- “In September, the Company published a White Paper on 'Enhancing Liquidity', outlining measures to boost transparency and increase price competition.”
- “Effective 1 April 2024, the Company introduced a new derived data licensing framework.”
- “On 12 April 2024, the UK and US Governments announced sanctions on Russian metals, leading the Company to impose an immediate suspension on warranting of relevant sanctioned metals.”
- “The Company launched a new warehouse location Delivery Point in Jeddah, Saudi Arabia in January 2025 and approved Hong Kong as a new Delivery Point.”
- “Total of 11 new metal brand listings, including from Democratic Republic of Congo.”
- “In October, all LME-listed aluminium brands started to upload electronic Certificates of Analysis (COAs) into LMEpassport.”
- “The Company increased minimum capital adequacy requirements for LME-listed warehouse companies to £5,000,000 and insurance indemnity to £1,000,000, effective 18 September 2024.”
- “As of December 2024, LMEpassport has 5.4 million records registered and displays 692 sustainability credentials.”
- “During 2024, a total of 83 brands were suspended for reasons including responsible sourcing.”
- “The Company introduced mandatory emissions reporting for its aluminium brands, to start in June 2025.”
- “On 5 March 2024, the Company set out its position on 'green' nickel and proposed a solution for establishing sustainability-related pricing differentials.”
- “On 6 March 2024, the Company announced a new organisation design incorporating three focused business lines: Market Data, Sustainability and Physical Markets, and Trading.”
- “The Court gave judgment in the LME's favour on all grounds on 29 November 2023 regarding judicial review claims concerning nickel market events in March 2022.”
- “The Court of Appeal found in the Company and LME Clear's favour on 7 October 2024, dismissing Elliott's appeal.”
- “On 29 January 2025, the Supreme Court refused permission for Elliott to appeal the Appeal outcome, effectively ending the JR proceedings.”
- “On 6 February 2024, the London Mining Network and Global Legal Action Network issued a claim for judicial review challenging LME's approach to monitoring metal production, which the Court refused permission to proceed on 11 April 2024.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
11 active · 89 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HENNESSY, Dominic Richard | Secretary | 2024-10-04 | — | — |
| ALLEN, Nicholas Charles | Director | 2023-02-07 | May 1955 | British |
| CHAMBERLAIN, Matthew James | Director | 2017-02-21 | Jan 1982 | British |
| CHAN, Yiting Bonnie | Director | 2024-03-21 | Sep 1969 | Chinese |
| DENTOOM, Nigel Kenneth | Director | 2023-07-18 | Aug 1956 | British |
| HIGGINS, Stephen Thomas | Director | 2025-10-17 | Feb 1958 | American |
| HUNNABLE, Harriet Anne Rowell | Director | 2025-02-07 | Jun 1966 | Irish,British |
| LAU, Vanessa Bik Yun | Director | 2024-04-25 | Mar 1972 | British |
| LEUNG, Richard Chung Kwong | Director | 2020-07-24 | Sep 1963 | Australian |
| VAREILLE, Pierre | Director | 2023-02-07 | Sep 1957 | French |
| WILLIAMSON, John Mackay Mcculloch | Director | 2021-09-06 | Feb 1959 | British |
Show 89 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANKS, Neil Douglas | Secretary | — | 1997-10-22 |
| CASTRO, Marcos | Secretary | 2012-12-13 | 2019-04-18 |
| HINE, Thomas Edward John | Secretary | 2021-03-26 | 2022-07-21 |
| MCSWIGGAN, Claire | Secretary | 2022-07-21 | 2024-06-07 |
| NEEDHAM, Philip | Secretary | 1997-10-22 | 2012-12-13 |
| ODADA, John-Green | Secretary | 2019-08-01 | 2020-05-01 |
| PEARSON, Kye | Secretary | 2020-05-01 | 2021-03-26 |
| PEARSON, Kye | Secretary | 2019-04-18 | 2019-08-01 |
| ABBOTT, Martin | Director | 2006-10-02 | 2013-09-30 |
| AGUZIN, Alejandro Nicolas | Director | 2021-06-17 | 2024-02-29 |
| AWAD, Marcelo | Director | 1991-10-01 | 1994-06-08 |
| BAGRI, Raj Kumar, Lord | Director | — | 2002-12-31 |
| BENDER, Brian Geoffrey, Sir | Director | 2010-04-20 | 2019-12-06 |
| BRANTON-SPEAK, Stephen | Director | 2009-03-27 | 2012-12-06 |
| BRODERSEN, Norbert | Director | 2002-02-08 | 2004-05-20 |
| BROWNING, John Leonard | Director | 2002-02-01 | 2004-03-25 |
| BRYDON, Donald Hood | Director | 2003-09-11 | 2010-04-20 |
| CHA, Laura May-Lung | Director | 2018-05-08 | 2024-04-24 |
| CHOW, Chung Kong, Sir | Director | 2012-12-06 | 2018-04-25 |
| CLAYDON, Mary Catherine | Director | 2009-03-27 | 2012-12-06 |
| COHN, Gary David | Director | 1994-06-08 | 1997-06-11 |
| COUPLAND, William James | Director | 2005-04-01 | 2012-12-06 |
| COUPLAND, William James | Director | 1992-01-08 | 1993-05-05 |
| CROFTS, John Philip | Director | 2007-03-22 | 2011-03-20 |
| CROWSON, Phillip Charles Francis | Director | — | 2000-05-31 |
| CULLIFORD, Philip Hubert | Director | 2003-03-03 | 2009-03-27 |
| DANIN, Clement Paul | Director | — | 1992-01-08 |
| DAVIES, Kenneth Christopher | Director | 1993-02-03 | 2000-12-31 |
| DAVIES, Vivian John | Director | 1997-06-11 | 2000-03-30 |
| DENTOOM, Nigel Kenneth | Director | 1996-06-12 | 1998-08-12 |
| FARROW, Christopher John | Director | — | 1999-09-16 |
| FRAENKEL, Martin Ernst | Director | 2023-02-07 | 2025-01-30 |
| FRASER, Peter Lovat, Lord | Director | 1997-10-05 | 2007-01-04 |
| FRAWLEY, Michael | Director | 2006-05-30 | 2009-03-27 |
| FRAWLEY, Michael | Director | 2001-01-01 | 2003-03-03 |
| GAUNT, Keith Hunton | Director | 1998-07-08 | 2000-12-31 |
| GOOCH, Andrew William | Director | 1998-09-30 | 2005-04-01 |
| GRAHAM, David | Director | 2012-12-06 | 2019-12-31 |
| GRILLO, Gabriela Dagmar | Director | 2011-05-20 | 2012-12-06 |
| HARRISON, John Barrie | Director | 2012-12-06 | 2017-04-26 |
| HARWERTH, Elizabeth Noel | Director | 2012-12-06 | 2018-12-06 |
| HEALE, Simon John Newton | Director | 2001-07-02 | 2006-10-02 |
| HOFFMANN, Hans Gerhard | Director | 2004-06-11 | 2011-05-20 |
| HUEY EVANS, Gay | Director | 2019-12-06 | 2023-04-28 |
| HUTCHINSON, Michael John | Director | 2005-04-01 | 2009-09-09 |
| HUTCHINSON, Michael John | Director | — | 1996-06-12 |
| JACKMAN, David | Director | — | 1997-06-11 |
| JONES, Barry | Director | 2004-03-25 | 2006-01-24 |
| JONES, Barry | Director | 1993-06-09 | 2000-12-31 |
| JONES, Garry Peter | Director | 2013-09-30 | 2017-01-23 |
| JONES, Laurence Clifford | Director | 1995-06-14 | 1996-12-10 |
| KESTENBAUM, Ralph | Director | — | 1997-06-11 |
| KING, David Elon | Director | — | 2001-06-30 |
| LAING, Richard George | Director | 2011-06-28 | 2012-12-06 |
| LAMBA, Romnesh | Director | 2018-09-07 | 2021-12-31 |
| LAMBA, Romnesh | Director | 2012-12-06 | 2016-01-01 |
| LAND, James William | Director | 2011-07-19 | 2012-12-06 |
| LANKESTER, Timothy Patrick, Sir | Director | 1997-11-01 | 2002-12-31 |
| LE ROUX, Nathaniel Bernard | Director | 2012-12-06 | 2016-04-18 |
| LI, Charles Xiaojia | Director | 2012-12-06 | 2020-12-31 |
| LININGTON, Miles Julian Gordon | Director | — | 1998-06-23 |
| LOCKWOOD, Michael Bruce | Director | 2009-07-23 | 2012-12-06 |
| MACKINNON, Colin Ian Charles | Director | — | 1993-06-09 |
| MIELE, Arthur Robert | Director | 1997-04-09 | 2007-01-04 |
| NILSEN, Jon Harald | Director | 2004-03-25 | 2008-03-24 |
| NORMARK, Didrik | Director | — | 1997-06-11 |
| OSTGREN, Bo Gosta | Director | 1995-06-14 | 2002-01-17 |
| OVER, Derek George | Director | 2000-07-12 | 2004-03-25 |
| OVERLANDER, Michael | Director | 2004-03-25 | 2012-12-06 |
| OVERLANDER, Michael | Director | 2000-04-20 | 2000-12-31 |
| PIZZEY, George John | Director | 1997-09-16 | 2003-12-31 |
| POULTER, John William | Director | 2002-11-19 | 2005-07-31 |
| PRENTICE, Gavin Hamilton | Director | 2009-03-27 | 2012-12-06 |
| RATCLIFFE, David Eastham | Director | 1998-07-29 | 2000-03-28 |
| REINERT, Richard Arnim | Director | 1997-02-07 | 1999-02-15 |
| RICHARDS, James Case | Director | — | 1997-03-17 |
| ROBSON, Rupert Hugo Wynne | Director | 2009-07-23 | 2009-11-05 |
| SCOTT, Lawrence Jackson | Director | 2000-04-20 | 2000-12-31 |
| SELLARS, Peter Glenn | Director | 1997-06-11 | 2000-03-22 |
| SHUMAN, Paul Harris | Director | — | 1995-06-14 |
| SLADE, Mark Andrew | Director | 1999-03-10 | 2006-05-30 |
| SLATER, Graham Robert | Director | 1993-06-09 | 1998-05-06 |
| SMITH, Brian James | Director | 2009-10-29 | 2011-07-19 |
| SMITH, Keith Sydney | Director | 1993-02-03 | 1995-06-14 |
| SMITH, Keith Sydney | Director | — | 1992-12-31 |
| SOMERVILLE-COTTON, Fabian James Dunbar | Director | 2006-02-24 | 2012-12-06 |
| SPANNER, Trevor William | Director | 2016-01-01 | 2018-05-28 |
| STOCKER, Clive Thomas Anthony | Director | 2002-02-01 | 2005-04-01 |
| STONEHILL, Charles Gerald Thoroton | Director | 2005-09-01 | 2009-07-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lme Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 387 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-12 | TM01 | officers | termination director company with name termination date |
| 2025-12-17 | CH01 | officers | change person director company with change date |
| 2025-10-23 | AP01 | officers | appoint person director company with name date |
| 2025-07-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-05-09 | AA | accounts | accounts with accounts type full |
| 2025-04-30 | TM01 | officers | termination director company with name termination date |
| 2025-02-11 | AP01 | officers | appoint person director company with name date |
| 2025-02-11 | TM01 | officers | termination director company with name termination date |
| 2024-10-10 | AP03 | officers | appoint person secretary company with name date |
| 2024-07-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-07-16 | RP04AP01 | officers | second filing of director appointment with name |
| 2024-07-08 | CH01 | officers | change person director company with change date |
| 2024-06-12 | TM02 | officers | termination secretary company with name termination date |
| 2024-05-14 | RP04AP01 | officers | second filing of director appointment with name |
| 2024-05-13 | AA | accounts | accounts with accounts type full |
| 2024-04-25 | TM01 | officers | termination director company with name termination date |
| 2024-04-25 | AP01 | officers | appoint person director company with name date |
| 2024-03-21 | AP01 | officers | appoint person director company with name date |
| 2024-03-13 | CH01 | officers | change person director company with change date |
| 2024-03-05 | TM01 | officers | termination director company with name termination date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires extracted accounts data.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory
Activity Score not yet computed for this company.