LIND AG LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-30 (in 7mo)
Last made up 2025-12-16
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£4M
-65.3% lowest in 4 filed years
Employees
111
+2.8% highest in 5 filed years
Profit before tax
-£6M
-270.8% lowest in 5 filed years
Name history
Renamed 3 times since incorporation
- LIND AG LIMITED 2007-07-31 → present
- LINDGATE LIMITED 1996-01-02 → 2007-07-31
- LIND LIMITED 1993-04-30 → 1996-01-02
- BLUESITE LIMITED 1992-07-01 → 1993-04-30
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £50,948,374 | — | — | £141,185,215 | £128,981,034 | |
| Operating profit | — | £1,596,354 | — | — | £5,046,123 | £2,004,205 | |
| Profit before tax | — | £1,296,874 | £2,260,873 | £4,431,429 | £3,655,512 | -£6,245,207 | |
| Net profit | — | £956,097 | — | £3,731,171 | £3,155,694 | -£6,229,232 | |
| Cash | — | £3,128 | £5,934 | £505 | — | — | |
| Total assets less current liabilities | — | — | £12,228,159 | £12,869,146 | £15,414,931 | £7,296,627 | |
| Net assets | — | — | £4,487,646 | £8,218,817 | £11,374,511 | £3,945,279 | |
| Equity | £1,914,826 | £2,870,923 | £4,487,646 | £8,218,817 | £11,374,511 | £3,945,279 | |
| Average employees | — | 54 | 67 | 88 | 108 | 111 | |
| Wages | — | £1,773,973 | £3,144,724 | £3,952,011 | £4,555,054 | £5,094,515 |
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 3.1% | — | — | 3.6% | 1.6% | |
| Net margin | — | 1.9% | — | — | 2.2% | -4.8% | |
| Return on capital employed | — | — | — | — | 32.7% | 27.5% | |
| Gearing (liabilities / total assets) | — | — | — | — | 77.0% | 91.0% | |
| Current ratio | — | — | — | — | 1.11x | 0.87x | |
| Interest cover | — | 5.33x | — | — | 3.63x | 1.37x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “LIND AG faced a challenging 2024, with profits falling by £3m to a net result of just £600k (before the intragroup waiver).”
- “EV sales continued to underperform due to weak demand and widespread discounting—most notably on the Taycan, where substantial losses were recorded.”
- “LIND undertook a strategic review of its intercompany balances and took the decision to waive a significant portion of amounts owed between its companies, resulting in a write-off of approximately £6m.”
- “The audit business of UHY Hacker Young Manchester LLP was acquired by Cooper Parry Group Limited on 30 September 2024. UHY Hacker Young Manchester LLP has resigned as auditor and Cooper Parry Group Limited has been appointed in its place.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DACRE, Russell Barclay | Secretary | 2018-05-01 | — | — |
| DACRE, Russell Barclay | Director | 2007-02-16 | Mar 1979 | British |
| DACRE, Samuel Edward | Director | 2021-01-20 | Jul 1977 | British |
| RICHARDSON, David | Director | 2021-01-20 | Apr 1958 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DACRE, Graham Martin, Dr | Secretary | 1992-08-20 | 2018-05-01 |
| DACRE, Julia May | Secretary | 2006-07-03 | 2008-02-07 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 1992-07-01 | 1992-08-20 |
| AVERILL, David Hanson | Director | 1992-08-20 | 1993-04-08 |
| BAGHERI, David | Director | 2021-01-20 | 2024-11-30 |
| DACRE, Graham Martin, Dr | Director | 1992-08-20 | 2018-04-03 |
| DACRE, Julia May | Director | 2018-04-03 | 2019-04-04 |
| DACRE, Julia May | Director | 2006-07-03 | 2008-02-07 |
| FAWCETT, Brian Keith | Director | 2000-06-28 | 2006-07-03 |
| GORDON, Robert Lind, Dr | Director | 1992-08-20 | 1997-09-29 |
| STUART, Donald Alfred | Director | 2014-04-29 | 2021-01-20 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 1992-07-01 | 1992-08-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lind Group Holding Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-18 | Active |
Filing timeline
Last 20 of 137 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | CH01 | officers | Change person director company with change date | |
| 2024-12-18 | CH01 | officers | Change person director company with change date | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-02-15 | AD02 | address | Change sail address company with old address new address | |
| 2021-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-07 | AA | accounts | Accounts with accounts type full | |
| 2021-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2021-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-10 | AA | accounts | Accounts with accounts type full |
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
-8.6%
£141,185,215 £128,981,034
-
Cash
—
Not reported
-
Net assets
-65.3%
£11,374,511 £3,945,279
lowest in 4 filed years
-
Employees
+2.8%
108 111
highest in 5 filed years
-
Operating profit
-60.3%
£5,046,123 £2,004,205
-
Profit before tax
-270.8%
£3,655,512 -£6,245,207
lowest in 5 filed years
-
Wages
+11.8%
£4,555,054 £5,094,515
highest in 5 filed years
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