LEAR CORPORATION (UK) LIMITED

1. LEAR CORPORATION (UK) LIMITED 1996-03-19 → present
2. LEAR SEATING (U.K.) LIMITED 1993-06-16 → 1996-03-19
3. CHEERYBLE LIMITED 1993-05-14 → 1993-06-16

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 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has prepared forecasts which extend through a period in excess of 12 months from when the financial statements are authorised for issue to 31 May 2026. The ability of the company to access its cash deposits in the European Cash Pool throughout the going concern period to 31 May 2026 from the date of approval of these financial statements has been confirmed by the ultimate parent company, Lear Corporation, who in the unlikely event that this is not possible have further confirmed in writing their commitment to provide alternative financial support to assist the company in meeting its liabilities as and when they fall due during the going concern period. The directors have considered the financial position of the Group as set out in the condensed consolidated financial statements issued by the Group for the period ended 29 March 2025, which indicates $0.78bn of cash and cash equivalents, and $2.0bn in available borrowing capacity under a Revolving Credit Facility. As a result of the above, the directors consider it appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. LEAR CORPORATION (UK) LIMITED · parent
   1. Tacle Seating UK Limited 1% · England and Wales · Manufacture of seating for the motor industry
   2. Guilford Europe Pension Trustee Limited 0.9% · Pension Trustee Company

Significant events

• “On 1st July 2024 Lear Corporation (UK) Limited agreed the intra-group asset sales and purchase agreement of the Guilford Europe Limited trade and certain assets and liabilities for a consideration of £450,000.”
• “Russia's war against Ukraine since the end of February 2022, along with the ongoing conflict in the Middle East is increasing the uncertainty with regard to the economic outlook as the situation remains volatile.”

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

Filings

3

last 12 months

Capital events

0

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

  +10.9%

  £638,539,000 → £708,237,000

• Cash

  +1,645.5%

  £1,128,000 → £19,689,000

• Net assets

  +12%

  £53,385,000 → £59,806,000

• Employees

  +12.3%

  1,306 → 1,467

• Operating profit

  -16.3%

  £39,632,000 → £33,160,000

• Profit before tax

  -11.2%

  £40,317,000 → £35,791,000

• Wages

  +14.5%

  £57,680,000 → £66,016,000

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