LONDON INTERNATIONAL EXHIBITION CENTRE PLC

1. LONDON INTERNATIONAL EXHIBITION CENTRE PLC 1999-02-19 → present
2. HIGHPINE LIMITED 1997-10-30 → 1999-02-19

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

Standalone (parent only)

Auditor

Barnes Roffe LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. At 31 December 2024, the Company had available cash resources of £33 million (2023: £35 million) despite the significant capital expenditure of £106 million during the year. The strong cash position is mainly attributable to the £61.8 million in-year drawdown from the loan facility of £125 million for the expansion of the venue (Phase 3) and strong operating cash inflows of £40.2 million.”

Significant events

• “During the early part of the year, we expanded our strategic investment in Immerse LDN at the Excel Waterfront by opening two new chapters, respectively hosting the Formula One and Friends immersive experiences.”
• “In October 2024, we announced the strategically exciting acquisition of the Business Design Centre (BDC) in Islington which will strengthen our market offering for exhibition and corporate event organisers in London.”
• “We also continued the £225m construction of our 25,000sqm extension to our venue (Phase 3) which will open for events in 2025.”
• “Our 50/50 joint venture with Mount Anvil, The Royal Eden Dock residential development, continues to progress successfully.”

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

Filings

7

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

  +8.4%

  £111,105,000 → £120,413,000

• Cash

  -5.5%

  £35,094,000 → £33,161,000

• Net assets

  +15.9%

  £233,436,000 → £270,480,000

• Employees

  +11.2%

  214 → 238

• Operating profit

  -4.8%

  £47,938,000 → £45,660,000

• Profit before tax

  +3.2%

  £44,891,000 → £46,342,000

• Wages

  +16.6%

  £14,450,000 → £16,846,000

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