LIGHT ACQUISITION COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-28 (in 11mo)
Last made up 2026-04-14
Watchouts
Cash
£944K
-54.5% vs 2023
Net assets
-£736K
-426.9% vs 2023
Employees
65
-29.3% vs 2023
Profit before tax
£162K
+126.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As a result of difficult trading conditions which is inhibiting the Asian subsidiary's return to profitability, there remains uncertainty over the going concern status of the group. We draw attention to note 2 in the financial statements, which indicates that difficult trading conditions may cast significant doubt on the entity's ability to continue as a going concern.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Turnover | £25,665,742 | £1,889,831 | £2,259,162 | |
| Operating profit | -£2,667,302 | -£588,515 | £251,174 | |
| Profit before tax | — | -£612,863 | £161,704 | |
| Net profit | -£4,981,796 | -£425,487 | £161,704 | |
| Cash | — | £2,076,956 | £944,235 | |
| Total assets less current liabilities | — | £1,685,935 | -£501,125 | |
| Net assets | — | £225,141 | -£735,954 | |
| Equity | — | £225,141 | -£735,954 | |
| Average employees | — | 92 | 65 | |
| Wages | — | £234,415 | £300,503 |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | -10.4% | -31.1% | 11.1% | |
| Net margin | -19.4% | -22.5% | 7.2% | |
| Return on capital employed | — | -34.9% | -50.1% | |
| Gearing (liabilities / total assets) | — | 96.0% | 120.0% | |
| Current ratio | — | 0.95x | 0.67x | |
| Interest cover | — | -3.04x | 2.81x |
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
- Ripe LLP
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“As a result of difficult trading conditions which is inhibiting the Asian subsidiary's return to profitability, there remains uncertainty over the going concern status of the group. We draw attention to note 2 in the financial statements, which indicates that difficult trading conditions may cast significant doubt on the entity's ability to continue as a going concern.”
Group structure
- LIGHT ACQUISITION COMPANY LIMITED · parent
- Holophane Asia Limited 100%
Significant events
- “On 16/09/2024, subsidiary company Financier Verlys went in to liquidation and its accounts are not included in the 2024 group consolidated accounts. Consequently its fixed assets which are included in the opening balance have been removed, shown as disposals.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEVIE, Leonard Maleson | Director | 2013-03-08 | Nov 1955 | American |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Leonard Levie | Individual | Appoints directors | 2021-03-12 | Active |
| Mr Leonard Levie | Individual | Appoints directors | 2016-04-06 | Ceased 2017-12-01 |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-16 | AA | accounts | Accounts with accounts type group | |
| 2025-04-23 | AA | accounts | Accounts with accounts type group | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-14 | AA | accounts | Accounts with accounts type group | |
| 2023-10-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-17 | CH01 | officers | Change person director company with change date | |
| 2023-06-01 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-30 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-03-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-21 | CH01 | officers | Change person director company with change date | |
| 2023-03-08 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-03-07 | AA | accounts | Accounts with accounts type group | |
| 2023-02-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-09-07 | AA | accounts | Accounts with accounts type group | |
| 2022-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-07 | RT01 | restoration | Administrative restoration company | |
| 2022-05-24 | GAZ2 | gazette | Gazette dissolved compulsory |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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 2024-12-31 vs 2023-12-31
-
Turnover
+19.5%
£1,889,831 £2,259,162
-
Cash
-54.5%
£2,076,956 £944,235
-
Net assets
-426.9%
£225,141 -£735,954
-
Employees
-29.3%
92 65
-
Operating profit
+142.7%
-£588,515 £251,174
highest in 3 filed years
-
Profit before tax
+126.4%
-£612,863 £161,704
-
Wages
+28.2%
£234,415 £300,503
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