LAPSENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-15 (in 3mo)
Last made up 2025-08-01
Watchouts
None on the register
Cash
£7M
+18.1% vs 2023
Net assets
-£55M
-14.9% vs 2023
Employees
388
-1.3% vs 2023
Profit before tax
-£6M
-14.4% vs 2023
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 | £64,625,000 | £63,605,000 | |
| Operating profit | £8,948,000 | £8,232,000 | |
| Profit before tax | -£4,940,000 | -£5,649,000 | |
| Net profit | -£7,445,000 | -£8,492,000 | |
| Cash | £5,856,000 | £6,917,000 | |
| Total assets less current liabilities | £218,220,000 | £65,349,000 | |
| Net assets | -£47,531,000 | -£54,620,000 | |
| Equity | -£47,531,000 | -£54,620,000 | |
| Average employees | 393 | 388 | |
| Wages | £18,158,000 | £19,926,000 |
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 | 13.8% | 12.9% | |
| Net margin | -11.5% | -13.4% | |
| Return on capital employed | 4.1% | 12.6% | |
| Gearing (liabilities / total assets) | 120.4% | 124.2% | |
| Current ratio | 0.75x | 0.09x | |
| Interest cover | 0.64x | 0.55x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group has not met the loan covenants prescribed in the terms of the loan agreement with First Bank of Abu Dhabi PJSC ("FAB"). The financial covenant regarding the interest cover was breached, resulting in the loan to be classified as current. As of the reporting date, the Group has received a waiver from the lender with regard to breach in covenant.”
Group structure
- LAPSENT LIMITED · parent
- Inn on the Park (London) Limited 100%
Significant events
- “The borrowing obtained from First Bank of Abu Dhabi PJSC ("FAB") was due to mature on 26 September 2023. The loan term was first extended to 22 December 2023 and then again to 31 January 2024. During the year ended 31 December 2024, the Group concluded negotiations with FAB and the loan was refinanced for a further duration of 5 years.”
- “As at the year end, the financial covenant regarding the interest cover was breached, resulting in the loan to be classified as current.”
- “As of the reporting date, the Group has received a waiver from the lender with regard to breach in covenant.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 62 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SPRING BOARD LIMITED | Corporate Secretary | 2020-07-13 | — | — |
| AL-MANNI, Nevine Nabil | Director | 2020-07-13 | Dec 1979 | British |
| BAIRD, Robin | Director | 2021-04-12 | Aug 1967 | British |
| PATTERSON, Wendy Jane | Director | 2024-04-01 | May 1969 | British |
| STEBBING, Gavin Frederick Mark | Director | 2024-04-01 | May 1961 | British |
| WINDSOR, Paul Justin | Director | 2024-04-01 | Sep 1957 | British |
Show 62 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABU RUMMAN, Mohammed | Secretary | 2006-12-01 | 2006-12-20 |
| ATKINSON, Howard Warwick | Secretary | — | 2005-07-01 |
| CROSSLEY, Graham | Secretary | 2005-07-02 | 2006-12-01 |
| CRESTBRIDGE UK LIMITED | Corporate Secretary | 2017-08-31 | 2020-07-13 |
| INTERTRUST CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2006-12-20 | 2017-08-31 |
| ABU RUMMAN, Mohammed Adnan Salem | Director | 2006-12-01 | 2012-12-31 |
| AHMED, Raja Ali Mohamed, Dr | Director | 2012-12-31 | 2015-10-12 |
| AL GHUL, Saleh | Director | 2002-10-15 | 2006-12-01 |
| AL SAUD, Alwaleed Bin Talal Bin Abdulaziz, Hrh Prince | Director | 1993-12-15 | 2006-12-01 |
| AL YAQOOB, Abdulla Yusuf Abdulla Yusuf | Director | 2012-12-31 | 2015-10-12 |
| AL-HEJAILAN, Mustafa | Director | 1995-12-15 | 2002-10-15 |
| AL-SAIE, Hisham Saleh Ahmed | Director | 2007-09-19 | 2012-12-31 |
| ANSTIS, Raymond | Director | — | 1995-11-14 |
| ASHEER, Salah Saleh | Director | 2006-12-01 | 2007-09-13 |
| ATKINSON, Howard Warwick | Director | 1995-12-15 | 2005-07-01 |
| ATKINSON, Howard Warwick | Director | — | 1994-03-25 |
| BAN, David Song Long | Director | — | 1998-02-23 |
| BLACKALL, Roger Nicholas | Director | 2009-03-05 | 2015-10-12 |
| CAIN, Ian Richard | Director | 2009-08-04 | 2009-11-18 |
| CATHERWOOD SMITH, Richard Graham | Director | 2007-11-06 | 2008-04-08 |
| CHAUDHRY, Mahmood Ahmed | Director | 2007-09-19 | 2009-03-05 |
| CHRISTENSEN, Matthew James | Director | 2017-04-05 | 2017-08-31 |
| CROSSLEY, Graham | Director | 2005-07-02 | 2006-12-01 |
| DINNING, Simon David | Director | 2009-08-04 | 2013-09-16 |
| DREWETT, Simon Derwood Auston | Director | 2020-09-17 | 2023-10-03 |
| EARP, Karen Lesley | Director | 1994-03-25 | 1995-11-16 |
| FAIRRIE, James Patrick Johnston | Director | 2015-04-13 | 2017-08-31 |
| FU, Peter Chong Cheng | Director | — | 1998-02-23 |
| FU, Peter Yung Sian | Director | — | 1998-02-23 |
| GRAPSTEIN, Steven Howard | Director | — | 1998-02-23 |
| HASLAM, Marc John | Director | 2017-09-12 | 2020-07-13 |
| HENG, Bernard Lam Kong | Director | 1995-11-16 | 1998-02-23 |
| HILL, Mary-Ann Ann | Director | 2011-03-08 | 2012-08-30 |
| HUSSAIN, Gulfam | Director | 2012-12-31 | 2015-10-12 |
| KELLAND, Darren Thomas Stephen | Director | 2009-05-15 | 2017-03-30 |
| LAWRENCE, Paul | Director | 2009-05-13 | 2012-09-18 |
| LE CORNU, Philip John | Director | 2013-09-16 | 2017-06-27 |
| LUDWIG, Douglas Leroy | Director | — | 1995-12-15 |
| MOYE, Helen Jennifer | Director | 2006-12-01 | 2011-02-21 |
| MOYE, Stephen Charles | Director | 2006-12-01 | 2012-03-31 |
| NAIDOO, Kamlan | Director | 2008-04-16 | 2009-08-04 |
| NEVITT, Laura Helen | Director | 2012-09-18 | 2017-07-28 |
| NORMAN, Philip | Director | 2009-05-13 | 2016-09-14 |
| OBASI, Bruno Chibuzo | Director | 2023-09-15 | 2024-03-31 |
| OBASI, Bruno Chibuzo | Director | 2020-07-13 | 2022-03-30 |
| ONG, Ben Seng | Director | — | 1998-02-23 |
| PATTERSON, Wendy Jane | Director | 2018-05-02 | 2020-09-17 |
| PATTERSON, Wendy Jane | Director | 2017-08-31 | 2017-09-12 |
| PERRIS, Paul Dennis | Director | 2017-08-31 | 2020-02-25 |
| RASHDAN, Bashar Jamil Barakat | Director | 2012-12-31 | 2015-10-12 |
| RASHDAN, Bashar Jamil Barakat | Director | 2007-09-19 | 2009-03-05 |
| ROTSEY, Carol Ann | Director | 2022-03-30 | 2023-09-15 |
| RUMENS, Ian Noel | Director | 2015-01-16 | 2015-04-13 |
| STAUSS, John | Director | 1994-12-12 | 2006-12-01 |
| TIPU, Rehman | Director | 2007-09-19 | 2012-12-31 |
| TOWNSON, Neil David | Director | 2020-09-17 | 2024-03-31 |
| TOWNSON, Neil David | Director | 2009-05-13 | 2017-08-31 |
| WILLIAMS, Andrew George | Director | 2009-05-13 | 2012-09-18 |
| WILLING, Paul James | Director | 2009-05-13 | 2017-08-31 |
| WINDSOR, Paul Justin | Director | 2017-08-31 | 2022-03-30 |
| WINIFRED, Ponniah Sebastian Sahaya | Director | 2012-12-31 | 2015-04-13 |
| YULDASHEVA, Saida | Director | 2015-04-13 | 2015-10-12 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 330 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-04 | CH01 | officers | Change person director company with change date | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-25 | AA | accounts | Accounts with accounts type group | |
| 2024-09-03 | CH01 | officers | Change person director company with change date | |
| 2024-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-11 | AA | accounts | Accounts with accounts type group | |
| 2024-05-30 | CH01 | officers | Change person director company with change date | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-08 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | AA | accounts | Accounts with accounts type group | |
| 2023-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
-1.6%
£64,625,000 £63,605,000
-
Cash
+18.1%
£5,856,000 £6,917,000
-
Net assets
-14.9%
-£47,531,000 -£54,620,000
-
Employees
-1.3%
393 388
-
Operating profit
-8%
£8,948,000 £8,232,000
-
Profit before tax
-14.4%
-£4,940,000 -£5,649,000
-
Wages
+9.7%
£18,158,000 £19,926,000
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