LIDCO LIMITED

1. LIDCO LIMITED 1992-12-04 → present
2. NOTICEREWARD LIMITED 1992-08-03 → 1992-12-04

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

“Historically, the Company's long-term funding has been provided by its parent company. The debt due to the parent company of £31,482,000 (Dec 2023: £30,601,000) is interest free and has no agreed repayment date. Furthermore, its parent company LiDCO Group Limited has confirmed that it will continue to give financial support to the Company, if required, for the foreseeable future. As a result, the financial statements have been prepared on a going concern basis.”

Significant events

• “In December 2020 LiDCO's parent company, LiDCO Group Limited, 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.”
• “Product development costs are no longer capitalised since the sale of the intellectual property to its ultimate parent company Masimo Corporation on 31 December 2021. Costs are now expensed immediately and then re-imbursed by the ultimate parent company plus 8% in alignment with a research and development services agreement between the two companies.”
• “As part of the integration, the majority of sales to end customers of LiDCO products have transitioned to its ultimate parent company, Masimo Corporation and LiDCO's turnover is generated under a cost-plus arrangement with its parent company.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -15.4%

  £6,731,000 → £5,692,000

• Cash

  +51.3%

  £1,609,000 → £2,434,000

• Net assets

  +27.6%

  -£4,780,000 → -£3,459,000

• Employees

  -4.8%

  21 → 20

• Operating profit

  -23.5%

  £452,000 → £346,000

• Profit before tax

  -7%

  £1,064,000 → £990,000

• Wages

  -4%

  £1,273,000 → £1,222,000

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