LRG ONLINE LIMITED

Company number

06264879

Status

Active

Incorporation

2007-05-31

Last accounts made up

2024-09-30

Account category

FULL

Primary SIC

47910

Hubs

UK Consumer / DTC

Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hazlewoods LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared detailed financial forecasts covering a period of more than 12 months from the date of approval of these financial statements. The forecasts take into account the company's trading outlook, cost base, and funding requirements. In April 2025, the company secured additional debt funding from existing shareholders to support its ongoing growth and investment plans. Taking this into account, along with confirmation of continued support from the ultimate controlling party, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing its financial statements.”

Subsidiaries

• Cherry Core Limited · 100% held · Ireland

Significant events

• “During the year, the company acquired the database, domain name, and other intangible assets of a business based in Germany, as disclosed in note 10 to these financial statements. To re-engage these customers and enable GDPR-compliant marketing, one-off promotional incentives were offered. While expensed in the year, management considers these costs directly linked to the acquisition.”
• “On dates between 2 October 2024 and 6 June 2025, the company acquired the share capital of two European entities and certain intangible assets of a third. The total consideration for these acquisitions comprised upfront consideration of £1.8 million, contingent consideration capped at €1.4 million, and a deferred variable price which cannot be estimated.”
• “On the 15 November 2024, 2,303 ordinary J shares with a nominal value of £0.001 were issued at par.”
• “In April 2025, the company secured interest free debt funding of £2.4 million which is repayable on demand and attracts a 10% redemption premium on repayment.”
• “During the year, the company completed on an asset purchase of goodwill, trademarks, domains and a database from a third party. The asset purchase agreement includes a deferred variable payment of 5% of the revenues generated by the customers in the database for a period of 24 months. The consideration due cannot be reliably estimated and accordingly, no provision has been recorded in the financial statements.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers