LABVANTAGE SOLUTIONS LIMITED

1. LABVANTAGE SOLUTIONS LIMITED 1997-05-06 → present
2. ULTIMA CORPORATION LIMITED 1997-03-14 → 1997-05-06

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

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 March 2025, the company had net current assets of £2.8m (2024: net current liabilities of £3.3m) and a loss before tax of £40k (2024: profit £338k) for the year then ended. The financial statements have been prepared on a going concern basis which the Directors consider appropriate for the following reasons. The company meets its day to day working capital requirements from its operational cash flows and trading balances with the group headed by Labvantage Systems Ltd, the parent company. The Directors have prepared cash flow forecasts and performed a going concern assessment which indicates that, taking account of reasonably possible downsides on the company's operations and its financial resources, the company will require additional funds, through funding from its parent company, Labvantage Systems Ltd, to meet its liabilities as they fall due during the period ending 30 September 2026, the going concern assessment period. The downside scenario assumes no third-party revenue and no reduction in operating costs during the assessment period. As a result of the existing transfer pricing agreement where the company's costs are recovered at 7% mark-up, the company is largely dependent on inflows from revenue billed to its group company, Labvantage Solutions Limited, Cyprus, in order to carry out its operations. Labvantage Systems Ltd has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts currently due to the group, which at 31 March 2025 amounted to £2.7m, during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “On 29th July 2025, the company changed its registered office address to C/O CSC CLS (UK) LIMITED, 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU.”

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

0

last 24 months

Officers appointed

1

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

  -9.9%

  £5,279,535 → £4,755,318

• Cash

  -33.4%

  £1,254,125 → £835,466

• Net assets

  -3.9%

  £2,982,811 → £2,866,990

• Employees

  -8.8%

  34 → 31

• Operating profit

  -84.6%

  £555,538 → £85,335

• Profit before tax

  -111.8%

  £338,062 → -£39,795

• Wages

  -2.7%

  £3,073,768 → £2,991,536

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