LIMA NETWORKS LTD

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

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that the entity is well placed to manage its business risks and has prepared a cashflow forecast covering a period of at least 12 months from the date of approval. This forecast has been prepared and consolidated with the forecast of Lima Group Holdings Limited and Data Centre Ltd (together, 'the Group'). The Group is satisfied that there is sufficient support from its shareholders and that it has taken appropriate steps to enable it to pay all liabilities as and when they are called for having considered expected forecast performance against loan covenants. In addition, the parent company has provided a letter of support confirming that they will provide financial support to the company to enable it to continue in operation and to meet its obligations as and when they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the directors' report and accounts.”

Significant events

• “During FY23 the Group underwent significant leadership changes, with a new Chief Executive Officer and Chief Financial Officer appointed.”
• “Investment in customer health and service has reduced churn and improved retention rates.”
• “Increased investment in marketing is contributing to a reduction in overall losses, with stronger demand generation and pipeline visibility.”
• “Growth in long-term recurring revenue contracts continues, providing improved financial resilience and predictability.”

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

Filings

4

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

  0%

  £11,602,541 → £11,601,752

• Cash

  -10.8%

  £144,136 → £128,622

• Net assets

  -62.4%

  £1,918,960 → £722,193

• Employees

  +1.8%

  57 → 58

• Operating profit

  +20.5%

  -£1,472,707 → -£1,171,251

• Profit before tax

  +19.1%

  -£1,502,622 → -£1,215,240

• Wages

  -4%

  £3,611,961 → £3,469,042

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