LONGITUDE RESEARCH LIMITED

• ◆

  4 officer resignations in last 12 months

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

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

“As detailed below and within Note 1 to the accounts, the directors have made a thorough assessment of the Company's ability to continue operating as a going concern. During 2024 the Company recorded a profit, and at the balance sheet date was in a net assets position. Management has a clear expectation that we will have adequate resources to meet our commitments as they fall due for a period of at least 12 months from the date of approval of the financial statements. In addition, a letter of support has been received from a parent company which commits to support the Company for at least one year beyond the date these financial statements are signed. As such, we continue to adopt the going concern basis of preparation.”

Significant events

• “2024 saw business performance improve with revenues increasing to £10,410k, up from £9,801k in 2023, and operating profit increased to £1,572k in 2024 from £464k in 2023.”
• “Additionally, staff costs have reduced to £5,300k (2023: £5,925k) which has driven an increase in profitability.”
• “The net assets of the Company have increased by £1,163k as a result of the profit for the financial year.”
• “the search for a new Managing Director has been completed and the new Managing Director started at the end of April 2025.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +6.2%

  £9,801,000 → £10,410,000

• Cash

  +10.2%

  £7,592,000 → £8,366,000

• Net assets

  +20.6%

  £5,644,000 → £6,807,000

• Employees

  -10%

  60 → 54

• Operating profit

  +238.8%

  £464,000 → £1,572,000

• Profit before tax

  +240%

  £453,000 → £1,540,000

• Wages

  -10.4%

  £4,923,000 → £4,409,000

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