LIDCO GROUP LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. LIDCO GROUP LIMITED 2021-04-09 → present
2. LIDCO GROUP PLC 2001-05-29 → 2021-04-09
3. M TECK LIMITED 2001-03-12 → 2001-05-29
4. MONITORING TECHNOLOGY LTD. 1991-10-31 → 2001-03-12

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 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company recorded a net loss of £4,151k in the year (2023: £8k). The Company's wholly-owned subsidiaries recorded an aggregate net loss of £2,931,000. The Company and its subsidiaries had aggregate net cash balances of £2.5m at 31 December 2024. The Board considers, having reviewed the going concern analysis prepared by management including detailed monthly financial forecasts up to 12 months from the date of signing of these accounts, related assumptions, sensitivities, areas for mitigation and contingency plans, and taking into account the financial support offered, if required, by its ultimate parent company Masimo Corporation that the Company has adequate resources for the foreseeable future being a period of twelve months from the date of signing of the financial statements for 2024. As a result, the financial statements have been prepared on a going concern basis.”

Group structure

1. LIDCO GROUP LIMITED · parent
   1. LIDCO Limited 100% · England and Wales · Medical instruments & appliances
   2. LIDCO Netherlands B.V. 100% · Netherlands · Dormant

Significant events

• “In December 2020 LIDCO was acquired by Masimo LHC Limited ("Masimo") a wholly owned subsidiary of Masimo Corporation, a US multinational company that develops, manufactures and sells innovative patient monitoring technologies, medical devices, and a wide array of sensors.”
• “During the year an evaluation of the investment in LiDCO Limited was carried out, and the Directors determined it would be appropriate to write down the entire value (Dec 2023: £nil).”

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

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -86.1%

  £794,000 → £110,000

• Net assets

  -13%

  £32,047,000 → £27,896,000

• Employees

  —

  Not reported

• Operating profit

  -37,863.6%

  £11,000 → -£4,154,000

• Profit before tax

  -37,863.6%

  £11,000 → -£4,154,000

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