LECHLER COATINGS LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. LECHLER COATINGS LIMITED 1996-07-01 → present
2. LECHLER (U.K.) LIMITED 1995-11-13 → 1996-07-01

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

WR Partners

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Turnover decreased in 2024, the company's plan is to maintain a stable business in 2025. The refinish business didn't achieve its sales target planned for the year 2024, while the Industry business was on target.”
• “Even though no official tracking system for customer satisfaction is in place, we do record complaints and the number of official complaints recorded on the system went from 141 in 2023 to 147 in 2024.”
• “The plan for 2025 is to protect the current business with the view to implement changes to increase business in the years to come. The big challenge would be to replace 2 sales manager and 2 technicians to return to a full team.”
• “The new office spaces and an exposition area have opened its door in 2024, as part of the project 'Lechler Village' at our headquarters in Como, Italy. The works for the new colour laboratories will continue during 2025 and should open its doors in the spring of 2026.”
• “The difficulties in recruiting staff and the higher costs of running the business, have had an impact on this challenging year. Some of our distributors have lost main accounts which resulted in decrease in our sales. Raw materials are now more steadily available, but costs remain high. An average price increase of 2.3-2.5% will be implemented from 1 March 2025 on all Refinish, Industry and marketing products.”

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

  -4.2%

  £11,482,818 → £10,996,497

• Cash

  +5.2%

  £464,125 → £488,450

• Net assets

  +1.5%

  £3,864,023 → £3,922,702

• Employees

  -7.4%

  27 → 25

• Operating profit

  +17.5%

  £386,215 → £453,653

• Profit before tax

  +17.8%

  £386,215 → £454,958

• Wages

  -2%

  £1,232,117 → £1,207,260

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