THE LOGIC GROUP ENTERPRISES LIMITED

1. THE LOGIC GROUP ENTERPRISES LIMITED 2005-07-28 → present
2. RETAIL LOGIC LIMITED 1992-03-26 → 2005-07-28
3. COMMSLOGIC SYSTEMS LIMITED 1991-05-10 → 1992-03-26

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After evaluating the Company's business activities, financial position, capital, factors likely to affect its future development and performance, and its objectives and policies in managing the financial risks to which it is exposed, the Directors are satisfied that the Company has adequate access to resources to enable it to meet its obligations as they fall due and to continue in operational existence for at least the next 12 months from the date of signing these financial statements. For this reason, the Directors consider it appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “During the year, the Board of Directors has approved the current issued share premium account of the Company of £20,066,592 to be converted into distributable reserves.”
• “During the year ended 31 December 2024, the group identified a prior period item relating to the over-amortisation of intangible assets in previous reporting periods. The cumulative impact of the over-amortisation was £349,287 as of 31 December 2023.”
• “Intangible assets capitalised in Barclays Execution Services Limited have been written down in December 2023 as structural cost, predominantly in Head Office as part of strategic review of merchant acquiring payment business.”

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

Filings

2

last 12 months

Capital events

2

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

  -6%

  £28,794,068 → £27,078,166

• Cash

  +8.8%

  £57,650,985 → £62,723,592

• Net assets

  +18.9%

  £51,351,861 → £61,062,907

• Employees

  -8.3%

  145 → 133

• Operating profit

  -19.8%

  £15,776,388 → £12,656,335

• Profit before tax

  -19.3%

  £16,001,977 → £12,914,568

• Wages

  +72.1%

  £4,509,278 → £7,758,218

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