LOCK MIDCO 2 LIMITED

1. LOCK MIDCO 2 LIMITED 2014-12-17 → present
2. DE FACTO 2138 LIMITED 2014-08-14 → 2014-12-17

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 102

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the ongoing uncertainty due to the wider macro-economic outlook as part of the Group's adoption of the going concern basis. The Group continues to grow and generate strong cash flows and was not at risk of breaching its financial covenants in relation to its secured bank loans. The Board's forecast extends beyond twelve months from signing of these financial statements, including severe downside scenarios. The forecast indicates that the Group will continue to generate cash to meet its financial obligations and there is significant headroom on its financial covenants in relation to its bank loans. Therefore, whilst there is wider economic uncertainty, the Directors are confident the Group will sustain profitability and cash flow and so believe it remains appropriate to prepare the financial statements on a going concern basis. For more details on going concern, see the basis of preparation in note 1.2.”

Group structure

1. LOCK MIDCO 2 LIMITED · parent
   1. Lock Bidco Limited 100% · United Kingdom · Holding company
   2. Marketing VF Limited 100% · United Kingdom · Digital marketing and publishing
   3. MVF US LLC 100% · USA · Sales services
   4. Software Vergeljiken B.V 100% · Netherlands · Digital marketing and publishing

Significant events

• “There have been no material post balance sheet events requiring adjustment or disclosure in the financial statements.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +2.4%

  £144,101,000 → £147,629,000

• Cash

  +13.9%

  £28,186,000 → £32,095,000

• Net assets

  -144.4%

  -£7,912,000 → -£19,334,000

• Employees

  -16.5%

  490 → 409

• Operating profit

  +7.7%

  -£4,132,000 → -£3,812,000

• Profit before tax

  +1.4%

  -£11,182,000 → -£11,022,000

• Wages

  -12.6%

  £31,482,000 → £27,518,000

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