LLOYD LATCHFORD GROUP LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. LLOYD LATCHFORD GROUP LIMITED 2015-10-01 → present
2. LLOYD LATCHFORD SCHEMES LIMITED 2006-11-03 → 2015-10-01

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements of the Company have been prepared on the basis that the Company is a going concern. At 31 December 2024 the Company had net assets of £ 16.1m (2023: £8.8m) and net current assets of £9.8m (2023: £8.5m). The Company reported a profit before tax of £9.8m (2023: £2.9m) for the financial year. The directors have assessed the Company's financial position and its ability to meet its obligations as and when they fall due. The Company's intermediate parent entity, Markerstudy Group Limited (“MGL"), has provided a letter of support confirming that it will continue to provide financial support to the Company such that it will continue to be able to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements. The Group meets its day-to-day working capital requirements through its cash reserves and borrowings. The Group's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Group should be able to operate within the level of its current cash reserves and borrowings. The Directors are therefore confident that there will be sufficient positive cash flows to support the liquidity and solvency of the Company. The continued support of the Company's ultimate parent, and the Group's debt providers, to fund acquisitions demonstrate their confidence in the Group to seek out opportunities for growth and value generation. In addition, the organic growth and cash generation from the existing Group businesses support the long-term prospects of the organisation and mean that the Directors are confident that the Group and Company will have adequate resources to continue in operational existence for the foreseeable future, and for a period of at least 12 months from the signing of these financial statements. On this basis, the Directors continue to prepare these financial statements on a going concern basis.”

Significant events

• “As announced on 15 September 2023, the Ardonagh Group and Markerstudy Group agreed a merger between Markerstudy and Atlanta to create a major new player in the UK insurance market. The transaction completed on 26th June 2024. The merger valued Atlanta at £1.2 billion and was funded by a new investment led by Pollen Street Capital and Bain Capital Special Situations. Ardonagh and its related parties received a combination of cash and a substantial minority equity stake in the combined business.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +74.5%

  £10,223,000 → £17,839,000

• Cash

  +543.9%

  £931,000 → £5,995,000

• Net assets

  +83.9%

  £8,758,000 → £16,108,000

• Employees

  -17.6%

  74 → 61

• Operating profit

  +226.8%

  £2,953,000 → £9,649,000

• Profit before tax

  +232.5%

  £2,947,000 → £9,798,000

• Wages

  -10.1%

  £2,109,000 → £1,897,000

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