LANES GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-07-31
Confirmation statement due
2026-06-22 (in 1mo)
Last made up 2025-06-08
Watchouts
Cash
£12M
-13% vs 2023
Net assets
£68M
-14.9% vs 2023
Employees
3,610
-3.6% vs 2023
Profit before tax
-£7M
-133.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2024-08-07
- LANES GROUP LIMITED 2024-08-07 → present
- LANES GROUP PLC 2005-08-12 → 2024-08-07
- LANES GROUP LIMITED 1999-06-08 → 2005-08-12
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-07-31
| Metric | Trend | 2023-07-31 | 2024-07-31 |
|---|---|---|---|
| Turnover | £449,161,963 | £478,673,111 | |
| Operating profit | £27,667,571 | £4,282,031 | |
| Profit before tax | £20,868,411 | -£7,045,815 | |
| Net profit | £16,645,082 | -£10,975,542 | |
| Cash | £13,838,515 | £12,043,830 | |
| Total assets less current liabilities | £198,657,043 | £219,903,515 | |
| Net assets | £80,162,639 | £68,242,982 | |
| Equity | £80,162,639 | £68,242,982 | |
| Average employees | 3,745 | 3,610 | |
| Wages | £147,258,995 | £151,571,610 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-07-31 | 2024-07-31 |
|---|---|---|---|
| Operating margin | 6.2% | 0.9% | |
| Net margin | 3.7% | -2.3% | |
| Return on capital employed | 13.9% | 1.9% | |
| Gearing (liabilities / total assets) | 75.8% | 79.7% | |
| Current ratio | 1.46x | 1.53x | |
| Interest cover | 3.93x | 0.38x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Year ending July 2024 has been another successful year for the business as a whole. Despite the increase in borrowing rates and the disappointing performance from the telcom sector, the company has achieved its target for FY24 and the Directors remain confident in the future as the Group grows from strength to strength in the Regulated Waste Water Sector. Future forecasts based on the business historical trends, extensive knowledge in the waste water sector and the onset of a new AMP cycle with a large increase in OFWAT funding has enabled the business to reflect positive growth here as we build on the successful results in this area achieved historically. The business continues to invest in specialised assets to align with client strategic goals in delivering effective waste solutions to the network whilst challenging itself with ESG targets and developing industry leading intelligent solutions. All whilst ensuring that financial obligations are met. On this basis, the Directors continue to adopt the going concern basis of accounting when preparing the financial statements.”
Group structure
- LANES GROUP LIMITED · parent
- Acorn Recycling Limited 100%
- AQS Composting Limited 100%
- Castlebrae Drainage Services Ltd 100%
- Drain Devils (Grampian) Limited 100%
- Lanes for Drains Limited 100%
- Lanes Group Ireland Limited 100%
- M. & W. Properties Limited 100%
- UKDN Waterflow (LG) Limited 100%
- Lanes-I Limited 58%
- Sapphire Utility Solutions Limited 51%
- Clear-Flow Limited 100%
- Lanes-I Energy Projects Ltd 70.35%
Significant events
- “During the reporting period, the Group recognised a one-off provision against debt totalling £14m, following a detailed review of the recoverability of certain trade receivables.”
- “On 7 August 2024, the company changed its name from Lanes Group Plc to Lanes Group Limited.”
- “On 29th October 2024 a substantial investment from one of the world's largest asset managers, BlackRock was secured by the Lanes Group Senior Management Team. This strategic investment is expected to enable Lanes Group to expand its industry-leading activities at greater scale.”
- “On 12 December 2024 Lanes Group Limited acquired 100% of the share capital of S & C Foster Limited for a consideration of £3.6m.”
- “On 31 December 2023 the group acquired 100 percent of the issued capital of Clear-Flow Limited for consideration of £10,964,931.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRIERLEY, Andrew James | Director | 2005-08-01 | Sep 1972 | British |
| EARNSHAW, Wayne Trevor | Director | 1999-06-08 | Dec 1963 | British |
| HOBBS, Julie | Director | 2022-02-01 | Oct 1971 | British |
| VELIC, Adnan | Director | 2025-06-23 | Oct 1980 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAEME, Dorothy May | Nominee Secretary | 1999-06-08 | 1999-06-08 |
| NORRIS, Scott Thomas | Secretary | 2022-01-17 | 2025-12-15 |
| NUTTON, David Richard | Secretary | 1999-06-08 | 2022-01-17 |
| ASHBY, Conrad, Dr | Director | 2014-10-17 | 2016-12-20 |
| CROMPTON, Bruce Yardley | Director | 2005-08-01 | 2024-10-29 |
| GRAEME, Lesley Joyce | Nominee Director | 1999-06-08 | 1999-06-08 |
| GRUBB, Simon | Director | 2023-09-11 | 2025-06-30 |
| LEIGH, Richard Elliot | Director | 2014-10-17 | 2023-09-05 |
| MOON, Kevin Andrew | Director | 2017-02-23 | 2025-02-17 |
| NORRIS, Scott Thomas | Director | 2009-11-01 | 2025-12-08 |
| NUTTON, David Richard | Director | 2005-08-01 | 2022-01-17 |
| STOBBS, Peter Mark | Director | 2017-08-01 | 2018-07-27 |
| TATTERSALL, Graham | Director | 1999-06-08 | 2014-06-12 |
| TODD, Matthew Richard | Director | 2017-02-23 | 2021-09-29 |
| WALLIS, Alan | Director | 2005-08-01 | 2019-11-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pam Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-29 | Active |
| Mr Wayne Trevor Earnshaw | Individual | Shares 75–100% | 2016-04-06 | Ceased 2025-03-25 |
Filing timeline
Last 20 of 250 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-07 CERT10 Certificate re registration public limited company to private
- 2024-08-07 RESOLUTIONS Resolution
- 2024-08-07 RR02 Reregistration public to private company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-02 | AA | accounts | Accounts with accounts type group | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-05-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-15 | AA01 | accounts | Change account reference date company current extended | |
| 2025-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-07 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2024-08-07 | MAR | incorporation | Re registration memorandum articles | |
| 2024-08-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-07 | RR02 | change-of-name | Reregistration public to private company | |
| 2024-07-02 | AD02 | address | Change sail address company with old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-07-31 vs 2023-07-31
-
Turnover
+6.6%
£449,161,963 £478,673,111
-
Cash
-13%
£13,838,515 £12,043,830
-
Net assets
-14.9%
£80,162,639 £68,242,982
-
Employees
-3.6%
3,745 3,610
-
Operating profit
-84.5%
£27,667,571 £4,282,031
-
Profit before tax
-133.8%
£20,868,411 -£7,045,815
-
Wages
+2.9%
£147,258,995 £151,571,610
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