LOTUS GROUP INTERNATIONAL LIMITED

• ◆

  3 officer resignations in last 12 months

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

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

Consolidated group

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group and Company's financial statements have been prepared on the going concern basis, which assumes that the Group and Company will be able to meet their liabilities as they fall due and continue to trade and complete development projects for the foreseeable future. The Group made a loss of £136.0m (2023: £131.3m).”

Group structure

1. LOTUS GROUP INTERNATIONAL LIMITED · parent
   1. Group Lotus Limited 100% · England and Wales · Holding company
   2. Lotus Cars Limited 99% · England and Wales · Car Manufacture and engineering consultancy
   3. Lotus Pension Trustees Limited 100% · England and Wales · Pension Trustee
   4. Lotus Engineering Limited 100% · England and Wales · Dormant company
   5. Lotus Cars USA, Inc. 100% · USA · Car sales and servicing
   6. Lotus Engineering Malaysia SdnBhd 100% · Malaysia · Dormant company

Significant events

• “The group achieved its core strategic objective of selling over 5,000 vehicles to LTIL, a pre-requisite for a Put Option agreement that could pave the way for the potential integration of Lotus Group International Limited with the wider Lotus group in 2025.”
• “Successful delivery of the market certification and homologation programmes for the Emira was a primary focus in 2024, with key approvals achieved on or ahead of schedule.”
• “Production efficiency continued to improve though 2024, supported by the successful transition to an optimised single-shift manufacturing process at the start of the year.”
• “Cost per vehicle reduction, including bill of materials, logistics, labour, and direct overheads, was a major focus throughout the year with the business outperforming its year-end targets.”
• “Lotus Cars has reintegrated Sports Car Aftersales functions mid-year, re-establishing important capability in Norwich.”
• “Planning approval was secured in Q3 for essential road infrastructure improvements at its Hethel site and long-term operational expansion onto adjacent Lotus land. Delivery of the road project starts in 2025.”
• “PV solar arrays came on-stream delivering over 25% of electricity requirement, overall emissions were reduced 15% year on year.”
• “As the business enters 2025, preparations for the integration of Lotus Group International Limited with the Lotus Tech organisation are the key strategic focus of the business. Geely, LGIL's majority shareholder, has publicly announced its intention to exercise its Put Option.”
• “After the year end, the Group received £30m loan funding from an external lender, secured by way of a Standby Letter of Credit issued by Zhejiang Geely Holding Group. The loan is interest bearing and repayable on demand.”
• “The Group received a further £20m extension of an existing external loan facility, secured by way of a Standby Letters of Credit issued by Zhejiang Geely Holding Group and Etika Automotive Sdn. Bhd. The loan is interest bearing and repayable on demand.”
• “The Group received £14.5m from the shareholders of the group. The loan is interest bearing and for a term of one year.”
• “After the year-end, the Group received capital contribution of £29.1m from the Shareholders of the Company's immediate holding company, in the form of waived loan interest, to support the continued growth of the group in line with the business plan.”
• “On 10 April 2025, the Group announced a restructuring plan which includes the reduction of approximately 270 UK-based roles.”
• “On 16 April 2025, Lotus Technology Inc. announced that Geely International (Hong Kong) Limited exercised its put options requiring Lotus Technology Inc. to purchase 51% of the equity interest in Lotus Advance Technologies Sdn Bhd.”

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

1

last 24 months

Officers appointed

3

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

  +17%

  £331,723,000 → £388,127,000

• Cash

  -66.8%

  £31,535,000 → £10,457,000

• Net assets

  -92.6%

  £112,752,000 → £8,321,000

• Employees

  -16.7%

  1,722 → 1,435

• Operating profit

  +5%

  -£89,948,000 → -£85,489,000

• Profit before tax

  -3.6%

  -£131,339,000 → -£136,043,000

• Wages

  -13.9%

  £86,331,000 → £74,320,000

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